November 16 (SeeNews) - Austrian insurance group UNIQA said on Thursday its pre-tax profit from operations in Bulgaria rose to 1.1 million euro ($1.3 million) in the January-September period of 2017, from 500,000 euro in the prior-year period.
Premium income from operations in Bulgaria, including savings portion of premiums from unit- and index-linked life insurance, rose to 37.6 million euro in the first nine months of the year from 33.1 million euro in the like period of 2016, UNIQA said in its nine-month 2017 financial report.
Gross written premiums from operations in Bulgaria rose 16% on the year to 48.8 million euro in January-September.
UNIQA's gross written premiums in the non-life insurance segment in Bulgaria totalled 21.2 million euro for the period, up 6% year-on-year. Gross written premiums from life insurance rose by an annual 8% to 24 million euro.
In Southeast Europe, UNIQA operates in Albania, Bosnia and Herzegovina, Bulgaria, Kosovo, Macedonia, Montenegro, Romania, Serbia and Croatia. The group's pre-tax profit in the region - excluding Romania - fell to 9.2 million euro in the first nine months of 2017 from 10.7 million euro in the like period of 2016.
($ = 0.8490 euro)