about us | newsletter | contact | archive | members area
Marius Nedelcu, TransferGo
Cash will become obsolete and this will be the result of digital finance advancement»

Vienna Insurance Group posts 221 million Euro profit in the first half of 2017

Vienna Insurance Group reached a profit before taxes of around 221 million Euro (9.6 percent increase) in the first half of 2017, with all figures showing improvement, a press release shows.

2017-08-22 11:07:49

"All of the key figures in our 2017 half-year report show an improvement compared to the same period last year," said Elisabeth Stadler, CEO of Vienna Insurance Group, summarising the result at the end of the first half of 2017. "This demonstrates our commitment to being a stable, reliable partner for our stakeholders. We are also working consistently and efficiently on our ‘Agenda 2020' management programme, which has made significant progress since the last quarter, particularly in the assistance area."

The group profit (before taxes) of 220.5 million Euro was higher than the previous year result of 201.3 million Euro. The increase in profit was primarily due to improvements in the combined ratio and financial result. Romania (+ 62.9 per cent) and Poland (+58.4 per cent) recorded particularly large profit increases. This was mainly due to the measures taken for long-term improvement in the motor insurance business in both countries.

The financial result was 488.4 million Euro, 8.7 per cent higher than in the previous year. This was primarily due to increased income from full consolidation of the non-profit housing societies and large profits realised from the sale of shares.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  913 Views
Daily Info
New Kopel Car to import BYD electric vehicles in Romania

New Kopel Car Import, a SIXT Group Romania company, announced that it became the importer of BYD Electric busses and vehicles in Romania.

CTP appoints Daniel Paraschiv as business development manager for Transylvania region

Industrial parks developer CTP has appointed Daniel Paraschiv as Business Development Manager for Transylvania, starting June. He will oversee the company's growth and strengt...

Dutch office company Spaces opens first locations in Bucharest

Dutch workspace company Spaces is opening its first two locations in Bucharest at Unirii View Tower and Campus 6. Constructions have already started and they are due by Q3 201...

World Bank signs new Country Partnership Framework with Romania

The World Bank Group's Board of Executive Directors endorsed a new five-year Country Partnership Framework (CPF) for Romania that will prioritize investments in people, suppor...

AFI Europe Romania starts the construction of AFI City residential project

AFI Europe Romania announces the start of the AFI City residential project construction. First phase is to end in 16 months and will deliver two buildings with 190 homes.

 
 
   
advertising

advertising

advertising

advertising

advertising

More on