BANJA LUKA (Bosnia and Herzegovina), March 23 (SeeNews) – The Vienna Insurance Group (VIG) posted a pre-tax loss of 7.5 million euro ($8.1 million) from operations in Bosnia and Herzegovina in 2016, as compared to a pre-tax loss of 3.2 million euro a year earlier, preliminary data showed on Thursday.
Total gross written premiums of VIG's Bosnian unit, Wiener Osiguranje, rose 3.4% on the year to 12.9 million euro, VIG said in a conference call presentation of its 2016 preliminary unaudited results posted on its website.
Premiums from regular life insurance jumped 27.4% to 1.3 million euro, while premiums from single life insurance more than doubled to 900,000 euro.
Premiums from motor third party liability (MTPL) and casco sub-segments dropped 8.7% and 12.7%, respectively, to 4.5 million euro and 1.1 million euro last year, while other property premiums stood flat at 5.1 million euro.
VIG, headquartered in Vienna, operates around 50 insurance companies in 25 countries in Europe, including Romania, Serbia, Moldova, Bulgaria, Albania, Macedonia and Croatia.
($=0.9276 euro)
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