Insurance premium revenue of VIG units in Slovakia rises by 3.8% y/y in 2009.

By bne IntelliNews April 1, 2010
Aggregate premium revenue of the three Slovak units of Austrian Vienna Insurance Group reached EUR 628.4mn in 2009 and increased by 3.8% y/y, audited results of the units showed. The three companies included Kooperativa, Komunalna Poistovna and Poistovna Slovenskej Sporitelne. Non-life insurance accounted for the majority 53.1% share of the total revenue and was up by 0.9% y/y. Life insurance rose at a faster pace of 7.2% y/y for the year. Gross profit of the VIG units was a joint EUR 23mn in 2009, improving considerably from the EUR 5mn profit for 2008. Combined, the three units should beat Allianz-Slovenska Poistovna for the top position on the insurance market during the year with a share of 31.4%.

Related Articles

Slovakia one of possible locations for new BMW plant.

German car maker BMW considers building a new plant in eastern Europe and Slovakia is one of the potential locations, Hospodarske Noviny business daily reported citing BMW's board member Ian ... more

Slovakia jobless rate edges down to 14.7% in February 2013.

Slovakia's unemployment rate in February 2013 fell for the first time in six months going down to 14.7% from 14.8% in January when it reached its highest level in more than 8.5 years, data from ... more

Frances CCN Group considers new plant in Slovakia - report.

France-based CCN Group, a supplier of components for turbines and automobiles, considers building a new plant in Slovakia in the town of Belusa, Hospodarske Noviny daily reported citing unnamed ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss