Vienna Insurance Group reports 97.8% COR but profits down
A low interest rate environment put pressure on the financials at Vienna Insurance Group, with profit before tax in Q1 2016 down 22.5% to €101.5m (£77.6m 3M 2015: €130.9m).
VIG's combined ratio remained below 100 at 97.8% but was up on the same figure last year, where the insurer reported a 96.3% COR.
The insurer said its financial results were mainly due to lower
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