The insurer also posted €7 mln in gross life insurance premiums, 22.2 percent lower than in Q1 2007.

Car and house insurance made up 93 percent of the company’s portfolio in 2007.
On this segment, the operating profit amounted to €3 mln in Q1 2008, while that for life insurance was €1 mln.

The owner of Allianz Tiriac, international insurance Allianz group, registered gross premiums for house and car insurance worth €13.7 billion, 2.8 percent lower year-on-year, and €1.48 bln in operating profit. Gross premiums for life insurance amounted to €12.3 bln, with operating profit at €589 mln.