BANJA LUKA (Bosnia and Herzegovina), August 22 (SeeNews) – The Vienna Insurance Group (VIG) said on Tuesday it turned to a pre-tax loss of 200,000 euro ($235,600) from operations in Bosnia and Herzegovina in the first six months of 2017, from a profit of 43,000 euro a year earlier.
Total gross written premiums of VIG's Bosnian unit, Wiener Osiguranje, leapt by an annual 36.5% to 9.0 million euro in January-June, VIG said in its first-half financial report.
Premiums from regular life insurance increased 21.2% to 700,000 euro, while premiums from single life insurance rose to 900,000 euro from 200,000 euro.
Premiums from motor third party liability (MTPL) dropped 1.3% to 2.3 million euro, while the Casco sub-segment added 5.8% to 600,000 euro in the first half. Other property premiums surged 56.1% to 4.5 million euro.
VIG, headquartered in Vienna, operates around 50 insurance companies in 25 countries in Europe, including Romania, Serbia, Moldova, Bulgaria, Albania, Macedonia and Croatia.
($=0.848577 euro)