Vienna Insurance Group reports no pre-tax profit in Moldova

Vienna Insurance Group (VIG) said on Tuesday its operations in Moldova generated no pre-tax profit in the first three months of 2017, compared to 0.1 million euro ($0.11 million) profit in the corresponding period last year, according to preliminary data.

Total gross written premiums of VIG's Moldovan units rose by an annual 5.2% on the year to 2.4 million euro during January-March, the company said in a conference call presentation of its first quarter preliminary unaudited results posted on the corporate website.

VIG's premiums from motor third party liability insurance in Moldova rose 4% on the year to 0.9 million euro in the first quarter, casco premiums jumped 42.4% to 0.7 million euro, while other property premiums fell 14.2% to 0.7 million euro.

Read more at See News.
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