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Nov 29, 2017 12:29 EEST
November 29 (SeeNews) - The Vienna Insurance Group (VIG) said on Tuesday its pre-tax profit from operations in Bulgaria rose 7.5% year-on-year to 5.7 million euro ($6.8 million) in the first nine months of 2017.
VIG's total gross written premiums in Bulgaria grew by an annual 10.9% to 119.6 million euro in the January-September period, VIG said in an interim financial report.
Premiums generated from motor third party liability (MTPL) insurance rose to 15.6 million euro in the review period from 12.5 million euro the year before.
Casco premiums increased to 35.3 million euro in the first nine months of the year, compared to 29.9 million euro in the prior-year period, while other property premiums fell to 31.0 million euro from 33.9 million euro.
The group’s gross written premiums from regular life insurance in Bulgaria rose to 20.5 million euro in the period under review from 18.9 million euro a year earlier, whereas single life insurance premiums grew to 6.9 million euro from 5.3 million euro.
Health insurance premiums rose to 10.2 million euro in the first nine months from 7.3 million euro in the like period of last year.
VIG is active on the Bulgarian insurance market through Bulstrad and Bulstrad Life companies.
($ = 0.8429 euro)
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