VIG Re, 9M2019: gross premiums written volume expanded by 20%

At the end of September 2019, for nine months ended, VIG Re gross written premiums (GWP) volume rose by 19.9% year-on-year, to EUR 404 million.


VIG Re nine months financial figures (vs. 9M2018)


  • Gross written premiums: EUR 404.1 million (+19.9%)
  • Ceded written premiums: EUR 194.7 million (+3.4%)
  • Net earned premiums: EUR 200.2 million (+34.7%)
  • Investment Result: EUR 9.8 million (+13.8%)
  • Claims and insurance benefits: EUR 148.5 million (+49.0%)
  • Acquisition expenses: EUR 45.9 million (+34.7%)
  • Profit before taxes: EUR 13.3 million (-33.8%)
  • Profit for the period: EUR 10.8 million (-33.7%)

At the end of the period, the premiums ceded amounted to EUR 195 million, up 3.4 percent y-o-y. Net premiums earned totaled EUR 200 million, up 34.7 percent. Gross claims and insurance benefits were EUR 149 million, up 49.0 percent. The acquisition expenses increased as well, by 34.7 percent, to EUR 46 million.

Investment result increased by 13.8 percent, to EUR 10 million. Profit before taxes was EUR 13 million, 33.8 percent smaller than the same period of prior year. The net profit was positive but smaller too, amounting EUR 11 million, down 33.7%.


More financial information about VIG Re can be found at vig-re.com/publications.


Source: vig-re.com

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