Omniasig revenues up over 25%

Omniasig’s revenues from gross premiums reached 2,205bn ROL (54 million euros) in the first nine months of this year, 28.6% higher than for the same period last year. It derived the bulk of its revenues from its comprehensive car insurance policies. Premiums from this type of insurance brought in 716bn ROL, 32% of the company’s total portfolio, a smaller share than in 2003. Their next best sales came from car liability policies, which amounted to 617bn ROL or 28% of total premiums. Insurance of goods accounted for 16% of total revenues at 346bn ROL. Claim settlements for the period excluding reinsurance costs amounted to 853bn ROL, 71% higher than last year. Contrary to the trend in sales, gross profits fell 38% to 48bn ROL. ZF