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FMA: Insurance Companies Raised Profits to € 1.16bn
The Austrian Financial Market Authority (FMA) observes rising profits in the domestic insurance industry. Operating profits grew to € 1.16bn.
FMA: Insurance Companies Raised Profits to € 1.16bn / Picture: © Vindobona.org
Last year, the Austrian insurance industry could record a slight increase in operating profits to € 1.16bn. The increment amounted to € 62m. The actuarial result was down by 22.4% to € 295m, financial results were down by 7.5% to € 2.96bn. This is mainly due to the unfavorable development of share and bond markets last year.
The fourth quarter shows a stable premium…
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