May 17 (SeeNews) - Austria's Vienna Insurance Group (VIG) said on Tuesday it broke even in its operations in Bosnia and Herzegovina in the first quarter of 2022, after booking a pre-tax profit of some 100,000 euro ($105,300) in the same period a year earlier.
Total gross written premiums of VIG's Bosnian unit rose 10.3% on the year, reaching 10 million euro in the January-March period, VIG said in a first-quarter financial statement.
Premiums from regular life insurance edged up 0.3% to 3.6 million euro in the three months through March, while premiums from single life insurance dropped 7.6% to 800,000 euro. Premiums from the health segment went down 1.2% on the year to 100,000 euro in the quarter under review.
Premiums of the motor third party liability sub-segment of insurance were 7.9% higher at 700,000 euro, premiums of the CASCO segment rose by 9% year-on-year to 500,000 euro in the three months through March 2022, and other property premiums increased 25.2% to 4.4 million euro.
VIG, headquartered in Vienna, operates around 50 insurance companies in 25 countries in Europe, including Romania, Serbia, Moldova, Bulgaria, Albania, Kosovo, North Macedonia, Bosnia and Croatia.
($ = 0.9497 euro)
Wiener Osiguranje Vienna Insurance Group d.d. is among the biggest insurers in SEE. You can download our SEE Top 100 ranking
here or subscribe to our free Top 100 newsletter
here