September 19 (SeeNews) - Romanian insurer Allianz-Tiriac said on Monday that its gross written premiums (GWP) saw a double increase year-on-year, reaching 1.6 billion lei ($324 million/325 million euro) in the first six months of 2022.
Auto insurance subscriptions tripled on the year in the first half of 2022, while health insurance subscriptions saw an annual increase of 20%, Allianz-Tiriac said in a press release.
The company's operating profit of reached 99 million lei in the first half of 2022.
During January-June 2022, Allianz-Tiriac paid 526 million lei compensations to its policyholders, up by annual 50%.
At end-June 2022, the company held almost 3 billion lei in technical reserves.
Allianz-Tiriac, part of Germany's Allianz Group, was founded in 1994.
(1 euro=4.9226 lei)
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