VIG doubles pre-tax profit in Romania on favourable mkt conditions

Vienna Insurance Group (VIG) said on Tuesday its operations in Romania generated a pre-tax profit of 3.2 million euro ($3.57 million) in the first three months of 2017, compared to a 1.5 million euro profit in the same period last year, according to preliminary data quoted by seenews.com. This significant increase in profit was due to favourable market developments that primarily led to a significant improvement in the combined ratio, the company said ...

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