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UNIQA's pre-tax profit in Albania surges in Jan-Sept

Nov 23, 2020, 12:00:00 AMArticle by Dragana Petrushevska
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TIRANA (Albania), November 23 (SeeNews) – Austrian insurance group UNIQA said its pre-tax profit from operations in Albania surged to 5.9 million euro ($7 million) in the first nine months of 2020 from 1.9 million euro in the like period of the previous year.

UNIQA's pre-tax profit in Albania surges in Jan-Sept
Ministry of Economy/All rights reserved.

Total gross written premiums from operations in Albania decreased by 10% on the year in the January-September period to 26.5 million euro, UNIQA said in a financial report last week.

Gross written premiums in the non-life insurance segment fell 12% to 20.5 million euro in the period under review, while premiums from life insurance dropped 18% to 3.7 million euro. Health insurance premiums increased by 38% to 2.3 million euro.

The UNIQA Group is represented in Albania by SIGAL UNIQA Group Austria and SIGAL Life UNIQA Group Austria, and pension fund SIGAL Life UNIQA Group AUSTRIA.

In Southeast Europe, UNIQA is present in Albania, Bosnia and Herzegovina, Bulgaria, Kosovo, Croatia, Montenegro, North Macedonia, Romania and Serbia.

($ = 0.8402 euro)

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