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Insurance prescribed by VIG decreased by 2.8 % in nine months in the Czech Republic

The profit of VIG insurance group, parent company of Kooperativa pojišťovna and ČPP, prior to taxation reached a total of EUR 127.6m for January to September of 2014. This represents a year-on-year decrease by 11.9 %. Gross insurance prescribed by the group in the Czech Republic has decreased year on year by 2.8 % to EUR 1.28bn. Out of this, the segment of life insurance posted 2.7 % growth to EUR 645.4m and non-life insurance posted a decrease by 7.9 % to EUR 635.2m.