BUCHAREST (Romania), May 24 (SeeNews) – Austrian insurance group UNIQA said on Wednesday its pre-tax loss from operations in Romania widened to 1.8 million euro ($2.01 million) in the first three months of 2017 from 1.2 million euro a year earlier.
Total gross written premiums from operations in Romania fell 5% year-on-year to 26.8 million euro in the January-March period, UNIQA said in its first quarter financial report.
Gross written premiums in the non-life insurance segment amounted to 24.2 million euro, down 6% on the year. Premiums from life insurance increased by an annual 8% to 2.6 million euro in the three months through March. In health insurance, gross written premiums were zero in the first quarter of the year.
UNIQA's pre-tax loss from operations in Romania widened to 5.7 million euro in 2016 from 2.4 million euro in 2015.
The group's pre-tax profit dropped 0.8% on the year to 33.1 million euro during January-March.
UNIQA group operates approximately 40 companies in 18 countries and serves more than 10 million customers. In Southeastern Europe, UNIQA operates in Albania, Bosnia and Herzegovina, Bulgaria, Kosovo, Romania, Macedonia, Croatia, Serbia and Montenegro.
($=0.8946 euro)