LT: Compensa Lithuanian subsidiary plans profit in 2012.

By bne IntelliNews April 26, 2010
A Lithuanian subsidiary of Compensa, part of Vienna Insurance Group, which was opened this year, the company announced that it expects to record net profit in 2012. Franz Fuchs, member of Viena Insurance Group board and head of Compensa, said that the company sees a strong potential in Lithuanian market for the company's advanced sales models. The company forecasts to reach total of LTL 40mn (EUR 11.6mn) gross premiums written in 2012. Fuchs said that the company might continue expanding to neighbouring Baltic markets.

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