News » March, 2011 » 21 March 2011
Omniasig turnover slips 17%, profit halves
21.03.2011, 23:44 | Insurance | 1237 views
Omniasig, the third largest insurer on the market, controlled by Austria's Vienna Insurance, last year derived gross income worth 21.8m lei (5.2m euros), down 58% from 2009, according to preliminary figures. The result is in line with IFRS. The profit decline comes as the gross premiums underwritten by the company shrank by 17% to 916m lei last year (218m euros), amid the falling revenues from car policy sales. Omniasig operates only on the general insurance market, which contracted by 7.5% in 2010. Read more on ZF.ro
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