Insurance Post

Vienna Insurance profits up 7% in first nine months

peter-hagen

Vienna Insurance Group has posted a 7% increase in group profit before taxes to €443.2m, in the first three quarters, driven by strong growth in Central and Eastern Europe.

The contribution of the CEE markets both to the profit (51.4%) and premiums (54.2%) exceeded 50%.

Group premiums were up 9.2% to €7.4bn in the first three quarters of 2012, while the combined ratio

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