October 18 (SeeNews) - The premium income of Bulgarian insurer Euroins [BUL:5IC] fell 14.2% on the year to 38.3 million euro ($42.2 million) in the first nine months of 2016, parent company Eurohold Bulgaria [BUL:4EH] said.
In September alone, Euroins' total premium income decreased by an annual 8.1% to 3.5 million euro, Eurohold said in a bourse filing late on Monday.
The reinsurance segment generated only 1.4 million euro in premium income in January-September, down 89% on the year.
The company’s general motor insurance business generated 8.6 million euro in premiums, up 10.6% from a year earlier, while third-party liability insurance premiums increased 46.3%, reaching 18.7 million euro.
Euroins' premium income from property insurance fell 45.7% on the year to 2 million euro in January-September.
Euroins is a unit of Euroins Insurance Group (EIG), part of Eurohold Bulgaria.
($=0.9078 euro)
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