Underwritten premiums climbed 20% on the corporate segment, and revenues generated by policies sold to individuals surged 74% last year, the insurer said in a press release Monday.
The company increased its network from 41 to 51 agencies in 2012 and has over 700 financial consultants countrywide, AXA Asigurari Romania general manager Violeta Ciurel said.
AXA Life Insurance Romania is part of French group AXA, the largest insurance company in Europe with revenues of EUR90.1 billion in 2012.
The Romanian insurer started operations in 1997, as Omniasig Asigurari de Viata. AXA took it over at the beginning of 2010 from Austrian group Vienna Insurance Group (VIG).
So far, AXA has invested EUR29.3 million in its Romanian subsidiary and allotted EUR10.5 million for investments this year. (EUR1=RON4.381)