Allianz Tiriac posts EUR 303 mln income from gross written premiums

Newsroom 01/03/2010 | 10:41

Allianz Tiriac posted around EUR 303.5 million in income from gross written premiums on general and life insurance at the end of 2009, down EUR 22.9 million on 2008.

Moreover, the company had signed up over 1.3 million contributors to mandatory and optional pension funds by the end of last year.

The total consolidated value of Allianz-Tiriac managed assets on general and life insurance and pensions was over EUR 354 million, a rise of about 50 percent on 2008.

The insurer posted RON 1,198 million in general insurance underwritings last year, a fall of 6 percent on 2008. CASCO insurance still accounts for more of the company’s general insurance portfolio, with incomes from gross written premiums from this category at RON 720 million, a drop of 8 percent on 2008.

Furthermore, Allianz-Tiriac saw an 18 percent increase in mandatory car insurance underwritings compared to 2008. The firm made a RON 9 million operational profit from life insurance, a rise of about 3 percent on 2008.