ZAGREB (Croatia), August 28 (SeeNews) – The Vienna Insurance Group (VIG) said on Tuesday its first-half pre-tax profit from operations in Croatia decreased 10.5% year-on-year to 3.9 million euro ($4.6 million).
Total gross written premiums of VIG's Croatian units - Wiener Osiguranje and Erste Osiguranje - grew by an annual 18.3% to 64.3 million euro in January-June, VIG said in its first-half financial report.
Casco premiums dropped 6.2% on the year to 2.7 million euro and other property insurance premiums jumped 35% to 15.2 million euro.
On the other hand, the premiums of the motor third party liability sub-segment contracted 14.1% to 6.0 million euro.
VIG's premiums from regular life insurance on the Croatian market dropped 7.0% to 14.8 million euro, while single life insurance recorded a 48.3% increase to 24.3 million euro.
Health insurance saw premiums of 1.2 million euro, compared to 900,000 euro last year.
VIG, headquartered in Vienna, operates around 50 insurance companies in 25 countries in Europe, including Romania, Serbia, Moldova, Bulgaria, Albania, Macedonia, and Bosnia and Herzegovina.
($=0.8553 euro)
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