ASTRA Asigurari: EUR 4,7 million profit after the first 9 months, down 72.4%

22 November 2012 —
astra_asigurari_120ASTRA Asigurari reported a net profit of EUR 4.74 million in the first nine months of 2012, 72.4% less compared to EUR 17.19 million reported at the end of September 2011, according to a report sent by the company to the Bucharest Stock Exchange. The total underwritings amounted to EUR 173.9 million in the analyzed period, 9.4% less than the value reported for the first three quarters of 2011.

The non-life underwritings represented EUR 171.18 million (RON 776.4 million), 9.2% less than the EUR 188.5 million (RON 855 million) in 3Q/2011. On the life insurance segment, ASTRA Asigurari reported EUR 2.7 million (RON 12.3 million), 20% less than the EUR 3.39 million at the end of September 2011.

As far as claims are concerned, the insurer paid EUR 77.7 million (RON 352.6 million) in claims, 21.3% less compared to the same period last year, out of which EUR 77.08 million (RON 349.6 million) corresponded to non-life insurance segment, compared to EUR 98.3 million (RON 445.9 million) in Q3/2011.

ASTRA's business decline continued in the third quarter of 2012, compared to the results reported for the first half of this year, when underwritings decreased by 7.5%, reaching EUR 113.9 million (RON 516.7 million).

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