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 ($12.6 million) in 2018.
Gross written premiums (GWP) in Bulgaria rose 14.1% to 171.3 million euro, while net earned premiums added 12.1% to 122.8 million euro, VIG said in an annual financial statement citing preliminary figures.
The group's total expenses in Bulgaria increased 6.7% to 125.5 million euro.
Details about the company's GWP in Bulgaria follow (mln euro):
|
2018 |
2017 |
MTPL |
25.1 |
21.2 |
Casco |
53.4 |
47.1 |
Other property |
37.6 |
37.1 |
Life regular |
24.9 |
25.3 |
Life single |
9.6 |
8.2 |
Health |
20.7 |
11.3 |
The group is active on the Bulgarian insurance market through Bulstrad Non-life, Bulstrad Life and Nova Ins. Non-life. It also holds a stake in Doverie, the largest Bulgarian pension assurance company.
($ = 0.8767 euro)
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