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VIG breaks even in ops in Bosnia in Q1

VIG breaks even in ops in Bosnia in Q1 License: Creative Commons CC0

SARAJEVO (Bosnia and Herzegovina), 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, for more reference take a look at Top 100 insurers
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