SARAJEVO (Bosnia and Herzegovina), May 20 (SeeNews) – Vienna Insurance Group (VIG) said on Wednesday its profit before taxes from operations in Bosnia increased to 200,000 euro ($219,000) in the first quarter of 2020, from 100,000 euro a year earlier.
VIG's total gross written premiums in Bosnia grew to 9.5 million euro in January-March from 7.7 million euro in the same period of 2019, VIG said in an unaudited interim financial report.
Gross motor third party liability (MTPL) premiums remained virtually unchanged at 600,000 euro in the review period, while other property premiums soared 65% to 3.9 million euro.
Gross premiums from the casco segment rose 25% on the year to 400,000 euro.
VIG heads Wiener Osiguranje in Bosnia and Herzegovina, which was set up in 2011. In 2018, it completed the acquisition of the Bosnian subsidiary Merkur International Holding AG.
($ = 0.913875 euro)
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