Omniasig, the second biggest insurer, is set to grant itsshareholders dividends totally worth 20.6m RON (5m euros, gross),almost half of its 2009 profit. The company, specialised in generalinsurance, is among the few profitable insurers domestically. In2009, the company reported gross income worth 52.7m RON (12.5meuros). The company's profit dropped around three times from theprevious year, considering Omniasig generated significant income in2008 amid the sale of the stake owned in Unita insurer. Thecompany's shareholders last month decided for 1.14m RON of 2009income to go to legal reserves, 1.5m RON account for employees'contribution to profit and the rest is profit left undistributed.Omniasig ranks second on the general insurance market, with grossunderwritten premiums worth 1.11bn RON (264m euros) last year, down6% from 2008. This is the first decline of Omniasig turnover, asthe company has a strong presence on car insurance, a segment hithard by the crisis.
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