In terms of profit, the contribution of Romania to the gross profit of the Austrian group saw the highest growth rate of all the countries in the segment VIG is present on in the Central and Eastern European region, 49.2% to EUR56.5 million, VIG said in its preliminary 2024 financial report.
Two of the three insurers VIG owns in Romania are among the five largest on the local market. Omniasig ended the first nine months of 2024 with more than RON2 billion in gross written premiums, 19.3% more than in the corresponding period of 2023, while Asirom’s gross written premiums stood at more than RON1.31 billion at the end of September 2024, 22.2% higher, according to the latest data available from the insurers in Romania.
BCR Asigurari de Viata is the third largest life insurer in Romania and ended the first nine months of 2024 with RON353 gross written premiums, 12% lower than in 2023.
Austria’s VIG saw EUR15.2 billion gross written premiums in 2024, an increase of 10% on 2023 and EUR882 million gross profit, 14% higher year-on-year, the group said in its report.
(English version by Loredana Fratila-Cristescu)