Vienna Insurance Posts Rise In Profit

Vienna Insurance Group VNRFY reported a rise in its net profit for the first nine months of 2014. The company's net profit for the period surged to 327.7 million euros ($409.79 million), a 51% rise versus the year-ago profit of EUR217.5 million. Its earnings per share jumped 65.5% to EUR 3.26. Its profit before taxes jumped 36.4% to EUR 430.8 million. Premiums slipped 0.2% to EUR7.04 billion in the first nine months. The company's third-quarter profit before tax gained 27% to 140 million euros, while premiums rose 1.7% to 2.06 billion.