VIG's 9-mo pre-tax profit in N. Macedonia rises 1.4% y/y

VIG's total gross written premiums in North Macedonia increased to 22.0 million euro in January-September, from 20.7 million euro in the same period of 2018, VIG said in an interim financial report.

Gross motor third party liability premiums rose 8.1% to 10.0 million euro in the review period, while other property premiums grew by 4.5% to 10.5 million euro.

Gross premiums on the Casco segment increased by 0.9% on the year to 1.5 million euro.

The Austrian group has been active in North Macedonia through insurers Winner and Winner Life since 2007. In August 2013, VIG completed the acquisition of Osiguravanje Makedonija, formerly QBE Makedonija.

($=0.90768 euro)