VIG’s pre-tax revenue in Croatia rises y/y in Q1


ZAGREB (Croatia), Might 18 (SeeNews) – Austria’s Vienna Insurance coverage Group (VIG) mentioned its pre-tax revenue from operations in Croatia rose to three.1 million euro ($3.3 million) within the first quarter, in contrast with a pre-tax revenue of two.9 million euro within the like interval a yr earlier.

Complete gross written premiums of VIG’s Croatian unit dipped 0.6% to 47.8 million euro within the three months by March, VIG mentioned in an interim monetary assertion on Tuesday.

Premiums from common life insurance coverage declined to six.2 million euro from 6.5 million euro, whereas premiums from single life insurance coverage dropped to 12.8 million euro from 17.5 million euro.

Premiums from medical insurance reached 3.6 million euro from 2.9 million euro within the interval below evaluation.

Premiums of the motor third get together legal responsibility sub-segment of insurance coverage went as much as 4.7 million euro from 4.2 million euro, premiums of the CASCO phase rose to 2.8 million euro from 2.3 million euro, and different property premiums elevated by 20% to 17.8 million euro.

VIG operates round 50 insurance coverage firms in 25 international locations in Europe, together with Romania, Serbia, Moldova, Bulgaria, Albania, Kosovo, North Macedonia, Bosnia and Croatia.

($ = 0.949 euro)



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