Vienna Insurance Q3 pretax profit, premiums drop

Newswire

VIENNA, Nov 28 (Reuters) - Third-quarter profit before tax at Vienna Insurance Group fell 22 percent, it said on Thursday, weighed down by tough markets in Romania and problems at its motor insurance business in Italy. Emerging Europe's biggest insurer generated pretax profit of 110 million euros ($149.3 million) as premiums dropped 6 percent to 2.02 billion euros. Its combined ratio - a key measure of profitability - deteriorated to 102.3 from 97.6 a year earlier, the company ...

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