VIG’s 9-mo pre-tax profit in Croatia rises 16.5%

Total gross written premiums of VIG's Croatian unit, Wiener Osiguranje, grew by an annual 5.6% to 99 million euro in January-September, VIG said in a presentation of its nine-month results.

Casco premiums rose 7.8% on the year to 4.2 million euro, whereas other property insurance premiums increased 18.4% to 25.1 million euro.

The premiums of the motor third party liability sub-segment rose 1.6% to 9.1 million euro.

VIG's premiums from regular life insurance on the Croatian market dropped 4.4% to 20.9 million euro, while single life insurance recorded a 2.6% increase in premiums to 37.2 million euro.

Health insurance premiums jumped to 2.5 million euro, from 1.5 million euro in the first nine months of last year.

VIG operates around 50 insurance companies in 25 countries in Europe, including Romania, Serbia, Moldova, Bulgaria, Albania, North Macedonia, and Bosnia and Herzegovina.

($ = 0.908626 euro)