Insurers record PLN 5.65 bln profits in Q1-3

Insurance companies registered in Poland generated an aggregated net profit of PLN 5.65 billion in Q1-3 2014, according to data published by the Central Statistical Office on Friday. In Q1-3 2013 the figure was PLN 8.16 billion. Gross written premiums stood at PLN 40.79 billion in January-September 2014. The figure declined by 5.8 percent year-on-year. Premiums in the life insurance segment amounted to PLN 21.21 billion and premiums in the non-life insurance segment stood at PLN 19.58 billion. They declined by 8.7 percent y/y and 2.5 percent y/y respectively.