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VIG's pre-tax profit in Bosnia up 70% y/y in H1

VIG's pre-tax profit in Bosnia up 70% y/y in H1 Author: VIG. Licence: All rights reserved.

SARAJEVO (Bosnia and Herzegovina), August 18 (SeeNews) - Austria's Vienna Insurance Group (VIG) said on Thursday its pre-tax profit from operations in Bosnia and Herzegovina increased 70% on the year in the first half of 2022, reaching 400,000 euro ($406,300).

Total gross written premiums of VIG's Bosnian unit rose 12.8% on the year, to 19.3 million euro in the January-June period, VIG said in a first-half financial statement.

Premiums from regular life insurance edged up 2.4% to 7.4 million euro in the six months through June, while premiums from single life insurance increased 30% to 2.4 million euro. Premiums from the health segment went down 2.3% on the year to 100,000 euro in the period under review.

Premiums of the motor third party liability sub-segment of insurance were 7.1% higher at 1.5 million euro, premiums of the CASCO segment rose by 9.1% year-on-year to 1.2 million euro in the six months through June 2022, and other property premiums increased 23% to 6.7 million euro.

VIG, headquartered in Vienna, operates around 50 insurance companies in 25 countries in Europe, including Romania, Serbia, Moldova, Bulgaria, Albania, Kosovo, North Macedonia, Bosnia and Croatia.

($ = 0.9845 euro)

Wiener Osiguranje Vienna Insurance Group d.d. is among the biggest insurers in SEE, for more reference take a look at Top 100 insurers