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Dec 03, 2007 13:44 EEST
December 3 (SeeNews) - Slovenian insurance company Zavarovalnica Maribor said on Monday it had raised its net profit for the first nine months of 2007 by 95.8% to 6.9 million euro ($10 million).
Gross premium income for the first ten months of 2007 rose by 11.7% to 200.7 million euro, Zavarovalnica Maribor CEO Drago Cotar said in a statement.
The insurer has reported a 11.8% annual rise in its gross premium income for the first nine months of 2007 to 182.9 million euro.
Premium income from life insurance through October rose by 15.8% on the year to 52.8 million euro and non-life insurance income totalled some 148 million euro, up 10.3% year-on-year.
Zavarovalnica Maribor ranked third among Slovenian general insurers at the end of 2006 with a market share of 12.2%. Seventeen insurers operated in Slovenia, a country of two million people, at the end of last year.
Zavarovalnica Maribor offers a number of services on the domestic market, including life-insurance policies, covering of damages caused by natural disasters, car insurance policies, home insurance, accident insurance and business insurance policies.
($ = 0.68 euro)
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