March 1 (SeeNews) - Austrian insurance group UNIQA said on Thursday it recorded a 300,000 euro ($366,000) pre-tax profit from operations in Montenegro in 2017, versus a break-even in the previous year.
Premium income from operations in Montenegro, including savings portion of premiums from unit- and index-linked life insurance, rose 0.3% to 11.1 million euro in the review period, UNIQA said in its financial report for 2017.
Total gross written premiums fell 0.2% to 12.3 million euro, UNIQA said.
Gross written premiums in the non-life insurance segment went up 0.6% to 9.7 million euro, whereas premiums from life insurance grew 4.6% to 1.9 million euro.
In the health insurance sector in Montenegro, UNIQA booked a decline of 18.7% in gross written premiums, to 700,000 euro.
In Southeast Europe, UNIQA also operates in Bosnia and Herzegovina, Bulgaria, Croatia, Kosovo, Macedonia, Montenegro, Romania, and Serbia. The group's gross written premiums in the region - excluding Romania - rose by 2.2% to 283.4 million euro in 2017.
($ = 0.820385 euro)