VIG pre-tax loss in BOSNIA narrows sharply in 2014

20 April 2015 —
Vienna Insurance Group (VIG) said on Tuesday its pre-tax loss from operations in Bosnia and Herzegovina narrowed to 500,000 euro in 2014 from 5.6 million euro a year earlier.

VIG's total gross written premiums in Bosnia rose 5.5% to 11.5 million euro in 2014, with property and casualty insurance accounting for 10.8 million euro, up 3.8% on the year, VIG said in a financial report.

The company's gross written premiums from life insurance in Bosnia climbed by an annual 60% to 800,000 euro in the review period.

VIG entered the Bosnian market in late 2011 through the acquisition of local insurer Jahorina Osiguranje. Read the full story VIG pre-tax loss in BOSNIA narrows sharply in 2014
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