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Romania’s Allianz-Tiriac Asigurari 9-mo pretax profit jumps 68%

Nov 27, 2012, 2:24:51 PMArticle by Mariya Stanimirova
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November 27 (SeeNews) - Romanian insurer Allianz-Tiriac Asigurari said on Tuesday its pre-tax profit, reported under international financial reporting standards (IFRS), rose to 9.9 million lei ($2.8 million/2.2 million euro) from 5.9 million lei a year earlier.

Romania’s Allianz-Tiriac Asigurari 9-mo pretax profit jumps 68%

Gross written premiums (GWPs) on the non-life insurance segment were almost unchanged at 596.6 million lei through September, the company said in a statement.

Voluntary automotive insurances remain the biggest segment accounting for 49% of all non-life insurance GWPs or 294 million lei over the period of review.

Premiums from life insurance operations increased 5.2% to 75.9 million lei in the nine months through September.

(1 euro = 4.5397 Romanian lei)

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