Vienna Insurance Group sees subscribed premiums down while its pre-tax profit up 56%
The group's revenues in Romania went down by 12.4 percent to EUR 415.7 million, but its expenses were down as well: a drop of 14.9 percent, to EUR 398.8 million. VIG owns several insurance companies in Romania: Omniasig, Omniasig Life, Asirom, BCR Asigurări and BCR Asigurări de Viaţă (Life Insurance).
The group managed to increase its subscribed premiums by 7 percent, to EUR 6.5 billion internationally. Its profit before taxes was up 11 percent, to EUR 377 million.
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