The insurer’s net profit fell 72.4% in January to September, to RON21.5 million.
Life insurances decreased 19.8% in the first nine months, to RON12.3 million, while general insurances were down 9.2%, to RON776.4 million.
In January to September, Astra paid insurance claims of RON352.6 million, down 21.3% from the same period a year before.
Astra Asigurari was set up in 1991 and has a share capital of RON192.71 million, controlled by The Nova Group Investments Romania (72.68%), Epsilon Estate Provider (27.02%) and other shareholders (0.3%).
The Nova Group Investments Romania and Epsilon Estate Provider are indirectly controlled by businessman Dan Adamescu.
In 2011, Astra was market leader regarding underwritten premiums.
The company’s revenues from underwritten premiums dropped 7.5% in January-June, to RON516.7 million.
Considering results in the first half of 2012, the insurer was outranked by Omniasig (former BCR Asigurari), which registered RON548.9 million in underwritten premiums. (EUR1=RON4.5089)