VIG 9-mo pre-tax loss in Romania widens 20.5%

Gross written premiums in Romania fell to 339.9 million euro from 398.9 million euro in the January-September period of 2011, VIG said in a financial report posted on its website.

On the life insurance segment, the group's premiums in Romania dipped to 76.3 million euro through September from 76.7 million euro a year earlier while non-life written premiums dropped to 263.6 million euro from 322.3 million euro.

The group's net combined ratio in Romania was 112.6% in the first nine months of the year compared to 109.6% a year earlier.

($=0.772 euro)