You have 3 free articles left this month. Get your free Basic subscription now and gain instant access to more.

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
Share this story
SeeNews in Brief

View our Newsletters

 
Compare