April 8 (SeeNews) - Austrian insurance group UNIQA said on Thursday its pre-tax profit from operations in Montenegro rose to 1.0 million euro ($1.19 million) in 2020, from 500,000 euro in the like previous year.
Premium income from operations in Montenegro fell to 10.2 million euro from 10.8 million euro in the review period, while total gross written premiums declined 4% to 13.6 million euro, UNIQA said in its financial report for 2020.
Gross written premiums in the non-life insurance segment decreased by 6% to 10.9 million euro, whereas premiums from life insurance declined 2% to 1.9 million euro, UNIQA said.
In the health insurance sector in Montenegro, UNIQA booked 11% growth in gross written premiums to 800,000 euro.
In Southeast Europe (SEE), UNIQA operates in Albania, Bosnia and Herzegovina, Bulgaria, Kosovo, North Macedonia, Montenegro, Romania, Serbia and Croatia. Its premiums written in the region - excluding Romania - fell by 4% to 193.1 million euro in 2020.
($ = 0.84075 euro)