Vienna Insurance Group's premiums drop but profit goes up 18.7%

Vienna Insurance Group's companies active in Romania posted EUR 274 million of gross subscribed premiums in the first half of the year, a drop of 12.5 percent compared to the same period of 2009. However, VIG grew its profit in Romania by 18.7 percent, to EUR 14.3 million during this period. VIG owns BCR Asigurari de Viata, BCR Asigurari, Omniasig, Omniasig Life and Asirom in Romania. The non-life insurance segment came with a EUR 225.7 million volume of gross subscribed premiums, a drop compared to the first half of 2009. Life insurance however brought better results than last year – EUR 48.3 million, an increase of 40 percent which was mainly due to the BCR Asigurari de Viata's sales force.