It said written premiums totaled EUR23.8 million in Romania in the first quarter, down 6% on the year.
On the car insurance segment, the insurer continued its strategy to lower the share of civil liability insurance and improve its portfolio of voluntary car insurance.
The general insurance division reported stable results on the non-car insurance segment, with written premiums of EUR8.6 million.
The life insurance division reported written premiums of EUR4.6 million under IFRS, similar to the level recorded in the first quarter of 2019. Sales of traditional life insurance was the main driver on this segment, with 16% growth compared with the first quarter of 2019.