BANJA LUKA (Bosnia and Herzegovina), May 23 (SeeNews) – The Vienna Insurance Group (VIG) said on Wednesday its pre-tax profit in Bosnia and Herzegovina dropped 36.5% year-on-year to some 100,000 euro ($117,337) in the first three months of 2018.
Total gross written premiums of VIG's Bosnian unit, Wiener Osiguranje, increased by 8.3% to 4.6 million euro in the January-March period, VIG said in a financial statement for the first three months of 2018.
Premiums from regular life insurance rose by 13.4% year-on-year to 400,000 euro in the three months through March, while premiums from single life insurance plummeted 75.6% to 100,000 euro.
Premiums from the motor third party liability sub-segment of insurance dropped 6.9% to 900,000 euro, while that of the CASCO segment rose 17.1% to some 300,000 euro, and other property premiums increased 33.1% to 2.9 million euro.
VIG, headquartered in Vienna, operates around 50 insurance companies in 25 countries in Europe, including Romania, Serbia, Moldova, Bulgaria, Albania, Macedonia and Croatia.
($=0.853355 euro)
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