November 22 (SeeNews) - Austrian insurance group UNIQA said its pre-tax profit from operations in Montenegro rose to 500,000 euro ($552,640) in the first nine months of 2019, from 200,000 euro in the like period of last year.
Premium income from operations in Montenegro added 1.3% to 8 million euro in the review period, while total gross written premiums rose 7% to 10.5 million euro, UNIQA said in its financial report for the first nine months of 2019 on Wednesday.
Gross written premiums in the non-life insurance segment increased by 8% to 8.5 million euro, whereas premiums from life insurance fell 1% to 1.4 million euro, UNIQA said.
In the health insurance sector in Montenegro, UNIQA booked growth of 18% in gross written premiums, to 600,000 euro.
In Southeast Europe (SEE), UNIQA operates in Albania, Bosnia and Herzegovina, Bulgaria, Kosovo, N. Macedonia, Montenegro, Romania, Serbia and Croatia. Its premiums written in the region - excluding Romania - rose by 7% on the year to 240.5 million euro in the first nine months of 2019.
($ = 0.8494 euro)