SOFIA (Bulgaria), March 21 (SeeNews) - The Vienna Insurance Group (VIG) said on Thursday that its net profit from operations in Bulgaria soared 92.9% to 11 million euro ($12.6 million) in 2018.
Gross written premiums (GWP) in Bulgaria rose 14.1% to 171.3 million euro, while net earned premiums added 12.1% to 122.8 million euro, VIG said in an annual financial statement citing preliminary figures.
The group's total expenses in Bulgaria increased 6.7% to 125.5 million euro.
Details about the company's GWP in Bulgaria follow (mln euro):
The group is active on the Bulgarian insurance market through Bulstrad Non-life, Bulstrad Life and Nova Ins. Non-life. It also holds a stake in Doverie, the largest Bulgarian pension assurance company.
($ = 0.8767 euro)