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Nov 29, 2017 12:16 EEST
ZAGREB (Croatia), November 29 (SeeNews) – The Vienna Insurance Group (VIG) said on Wednesday its nine-month pre-tax profit from operations in Croatia increased 5.9% year-on-year to 5.8 million euro ($6.9 million).
Total gross written premiums of VIG's Croatian units - Wiener Osiguranje and Erste Osiguranje - grew by an annual 4.5% to 77.3 million euro in the January-September period, VIG said in an interim financial report published on its website.
Casco premiums increased 12.7% on the year to 4.0 million euro and other property jumped 23.9% to 15.1 million euro. However, the motor third party liability sub-segment contracted 19.6% to 10.4 million euro.
VIG's premiums from regular life insurance on the Croatian market dropped 3.1% to 23.6 million euro, while single life insurance recorded a 10.5% increase to 23.2 million euro.
VIG, headquartered in Vienna, operates around 50 insurance companies in 25 countries in Europe, including Romania, Serbia, Moldova, Bulgaria, Albania, Macedonia, and Bosnia and Herzegovina.
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