Astra Asigurări, the biggest insurer, owned by businessman DanAdamescu, in the first nine months of this year derived net incomeworth 18m RON (4.3m euros), four times higher than a year ago,while the volume of gross underwritten premiums advanced by 37%, to841m RON (201m euros).
In the third quarter alone, the company sold policies worth 260mRON, up 30% from a year ago. The net income for the July-Septemberperiod stood at 7m RON, compared with a 1.2m RON loss in the thirdquarter of 2009.
During the nine-month period, the largest part of underwrittenpremiums, namely 655m RON, was registered on the car segment, wherealmost 70% were auto liability (RCA) policies.
"We grew on all market segments and we're trying to diversify ourportfolio, but given the difficult economic period mandatorypolicies are the best-sellers. This is starting to be seen on thehome insurance segment as well, but voluntary policies also sellvery well, on this segment, too," Radu Mustăţea, chairman of AstraAsigurări board, told ZF.
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