Sustainable Increase in Earnings for VIG

Professional ServicesInsurance ♦ Published: August 18, 2011; 16:48 ♦ (Vindobona)

The Austrian insurance company recorded profit before taxes of € 282.2m, up 10.4% in the first half of the year.

Sustainable Increase in Earnings for VIG / Picture: © Vienna Insurance Group / Votava

The Vienna Insurance Group earned a total of € 4.7bn premiums written (consolidated) in the first half-year 2011, up 3.1% compared to first half-year 2010. The Group profit (before taxes, consolidated) amounted to € 282.2m in the first half-year 2011. This represented a sharp 10.4% increase compared to first half-year 2010. The Group combined ratio after reinsurance (excluding…