According to unaudited data, Allianz-Tiriac’s underwritten premiums reached RON926.5 million in 2013, up 2% on the year, due to the positive trend of general insurance segment, which accounted for 88.9% of the total revenue.
According to preliminary data, the insurer reported last year a consolidated operating profit of RON28 million, over4-fold higher compared withRON6.6 million in 2012.
Premiums underwritten on the general insurance segment totaled RON823.7 million, up 2.1% on the year, while the damage claims fell 13.8% to RON478.3 million.
Mandatory and voluntary car insurance generated a 1.5% rise in underwritings, to RON584.3 million, compared with RON575.8 million in 2012.
Premiums underwritten on the asset and property segment reached RON164.9 million in 2013, while the underwritings on the life insurance segment totaled RON102.8 million.
The company is controlled by German group Allianz (52.16%) and Vesanio Trading Limited (44.48%), owned by Romanian businessman Ion Tiriac.
Allianz-Tiriac Asigurari has a share capital of RON99.4 million. (EUR1=RON4.4997)
In 2012, Allianz-Tiriac was the top third local insurer by underwritings, after Astra and Omniasig. (EUR1=RON4.4997)