Profits rise at Vienna for first quarter
Vienna insurance Group (VIG) has reported a first-quarter profit of €159.4m ($206.0m) for the first quarter of 2013, up 5.2% from the €151.4m reported in the same period last year. Consolidated premiums reached €2.7bn, down 1.5% year on year. The fall was attributed mainly to a downsizing of short-term single premium business in Poland. VIG said that, excluding one-off impacts and currency movements, underlying growth was 1.4%.
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