55% increase for Asiban

Asiban logged H1 revenues worth 861.3 billion ROL (21.2 million euros) from premiums underwritten, up 55% from January-June 2003. The company’s H1 net profit amounted to 62.8 billion ROL (1.5 million euros), 50.1% higher against June 2003. General insurance premiums underwritten reached 711 billion ROL (17.3 million euros) in the first half, as compared to 418.62 billion ROL during the similar period of last year. The segment of life insurance contributed 150.2 billion ROL (3.6million euros) to the total, marking a 9.4% surge as compared to last June. In the first half, the company settled claims worth 393.1 billion ROL (9.6 million euros). Asiban collected 800.4 billion ROL, up from the 590.86 billion ROL logged in the first half of last year. Separately, general insurance generated 649.5 billion ROL, while life policy sales brought 150.9 billion ROL. The highest weight within the volume of gross premiums underwritten, namely 28.55%, is held by policies for the insurance of terrestrial means of transportation, standing at 245.93 billion ROL. As compared to June 2003, this insurance category registered an 8.2% decrease, by 31.9 billion ROL. ZF