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Vienna Insurance Group registers higher semi annual profit
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The Vienna Insurance Group (VIG) earned €209.8m ($266) in the first half of 2010, which is over ten percent more than a year ago. While more premiums were taken up, paid benefits decreased.
Vienna Insurance Group registers higher semi annual profit / Picture: © Vienna Insurance Group / WIENER STÄDTISCHE Versicherung AG
In the first half of 2010, the Vienna Insurance Group generated a net profit of €209.8m ($266), about ten percent more than the first six months of 2009.
Both revenue and expenditure developed positively. This enabled VIG to charge nearly €4.6b in premiums, nearly eight percent more than a year ago.
At the same time expenses for insurance services decreased…
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