In the first quarter of the year, the company reported a gross profit of RON10.14 million, from RON1.81 million in the January-March 2013 period.
The value of financial assets under the insurer’s management reached RON2.5 billion at the end of March, up 7.9% compared with the same period a year earlier.
According to the company’s data, in the first three months, the share of traditional life insurance contracts in the total portfolio rose by two percentage points to 49%.
In the first quarter of the year, ING Asigurari de Viata paid claims of RON30.8 million, 6.4% higher from the corresponding period a year earlier. Nearly 80% of the claims, or RO24.4 million, were on contracts that reached maturity.
“On the life insurance segment, the better market context at the beginning of the year and our strategy to permanently invest in the quality of client relations, (…) were translated into a 7% growth in the volume of gross underwritten premiums compared with March 2013,” ING Asigurari de Viata general manger, Marius Popescu, stated.
ING Asigurari de Viata is the largest local insurer by 2013 revenues, which totaled RON559.6 million, up 2.8% on the year.
The company is part of Dutch financial group ING and has been present on the Romanian market since 1997.