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Allianz-Tiriac Asigurari - Financial results at Sept. 30, 2012

In the first 9 months of 2012, Allianz-Tiriac Insurance recorded total revenues following sales of general life insurance of 672.6 million lei, 1 million lei more compared to subscriptions accomplished in the same period of previous year. The Operational profit, calculated in accordance with International Accounting Standards (IFRS), stood at 9.9 million lei, showing an increase of 4,000,000 lei compared with the operational result (5.9 million lei) stated in January-September 2011.

RemiVrignaud, CEO Allianz-Tiriac Insurance: "The results registered during the third quarter reflect conservative approach and the caution maintained by Allianz-Tiriac. Thus, we have managed to keep a competitive position, able to confer the stability on which we conduct business. We are glad to see that, for a growing number of customers and partners, safety and quality are determining factors in choosing the provider of protection products and financial planning. "


The company's retail revenue increased by about 14 percent, being a growth sustained by attracting new individual customers and by increasing the number of people who have two or more insurance policies issued by Allianz-Tiriac.

See here the full version of the news in Romanian language.