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UNIQA Albania posts lower 9-mo pre-tax profit

UNIQA Albania posts lower 9-mo pre-tax profit wrangler/Shutterstock.com

TIRANA (Albania), November 16 (SeeNews) - Austrian insurance group UNIQA said on Thursday its pre-tax profit from operations in Albania fell to 1.8 million euro ($2.1 million) in the first nine month of 2017 from 3.9 million euro in the like period of last year.

Total gross written premiums from operations in Albania added 13% on the year, reaching 26.9 million euro, UNIQA said in an interim financial report.

Gross written premiums in the non-life insurance segment rose by an annual 12% to 21.3 million euro in the period under review, while premiums from life insurance grew 30% on the year to 4.2 million euro. Health insurance premiums declined 9% to 1.5 million euro.

The UNIQA Group is represented in Albania by SIGAL UNIQA Group Austria Sh. A. and SIGAL Life UNIQA Group Austria Sh. A. and the pension fund SH. A. F. P. SIGAL Life UNIQA Group AUSTRIA Sh. A.

In Southeast Europe, UNIQA also operates in Bosnia and Herzegovina, Bulgaria, Croatia, Kosovo, Macedonia, Montenegro, Romania, and Serbia. The group's pre-tax profit in the region - excluding Romania - rose to 6.7 million euro in the first half of 2017 from 6.2 million euro in the like period of 2016.

($ = 0.84694)

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