Alico (formerly AIG Life), the third-largest life insurancecompany on the Romanian market, ended the first half of the yearwith 38.8 million RON (9.3 million euros) in net profit, slightlyup, by 3%, against the similar period of last year.
In 2009 Alico was the second most profitable company on theinsurance market, with 69 million RON (16 million euros) in netincome, behind ING Asigurări de Viaţă, with a 77 million-RON (18million-euro) net profit.
"Forecasting the profit and a steady rise are an advantage whenplanning the company's business and investments. We are permanentlyreassessing operating costs, this has always been part of ourstrategy, it's got nothing to do with the crisis," TheodorAlexandrescu, general manager of Alico, told ZF.
Alexandru did not specify what gross premiums underwritten amountedto, but said the trend recorded between January and April waspreserved, i.e. a 10% increase on the same time in 2009.
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