The bulk of Carpatica’s underwritten premiums were generated by mandatory car insurance policies (RCA) which brought revenues of RON302.4 million in January-September, up 68% from the same period in 2012. The RCA client portfolio rose 10% to 15%, the company’s general manager Ina Crudu said Tuesday.
Underwritten premiums generated by voluntary car insurance CASCO amounted to RON17.7 million in the mentioned period, up 129% on the year, after the number of CASCO clients doubled.
According to company data, the share of RCA policies in total underwritten premiums decreased by nearly two percentage points in the first nine months, from 86.4% to 84.5%, while CASCO policies reached a share of 4.94% in the mentioned interval, from 3.72% in the same period a year ago.
“The company registered pretax profit of RON6.2 million in January-September and is expected to report profit at the end of 2013,” said Crudu, adding that underwritten premiums will exceed slightly the early-year forecast of RON397 million.
Carpatica Asig started its activity in 1996 as ASA Asigurari Atlassib. It is controlled by Atlassib Sibiu (92.42%), Transcar Sibiu (6.97%), Corneliu Tanase (0.08%) and Aurel Albu (0.53%), according to Trade Registry data.
Carpatica Asig, part of financial group Carpatica (owned by businessman Ilie Carabulea), has over 90 units countrywide and operates only on the general insurance market. (EUR1=RON4.4404)