In the analyzed timeframe, ING Asigurari de Viata reported pre-tax profit of RON6.85 million, down 54.6% from RON15.1 million in the year-earlier period.
The company’s financial manager Adrian Lupescu said the economic challenges both locally and globally have continued to affect the life insurance industry in 2012, which further piled pressure on household income and savings.
The company’s financial assets reached RON2.23 billion at the end of the first six months of 2012, up nearly 5% from the same period in 2011.
As regards the portfolio of new insurance policies in 2012, the company’s data show a strengthening in clients’ appetite for traditional insurance products, as the number of such contracts rose 21% on the year in the first half of 2012.
ING Asigurari de Viata paid benefits of almost RON41 million to its clients for insured events and maturing contracts in the first half of 2012, up 39% on the year. (EUR1=RON4.5362)