Vienna Insurance Group (VIG) said on Tuesday the pre-tax profit of its Serbian unit plummeted 55% to 900,000 euro in the first nine months of 2014.

The total gross written premiums of Serbia's Wiener Staedtische Osiguranje rose to 50.5 million euro through September from 45.8 million euro in the same period of 2013, VIG said in a financial report.

Wiener Staedtische Osiguranje's non-life gross written premiums increased to 32.4 million euro in the first nine months of 2014 from 28.2 million euro a year earlier, the Austrian group said.

On the life insurance segment, gross written premiums inched up to 18.1 million euro in the review period from 17.6 million euro a year earlier. Read the full story VIG 9-mo pre-tax profit in SERBIA drops 55%