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VIG expects 29% drop in pre-tax profits

Financial results

Austria-based Vienna Insurance Group AG is expected to see 29% year-on-year drop in pre-tax profits to €266 million ($315.34 million) in the first three quarters of the year, Xprimm reported. For the full year 2020, the insurer expects gross profit in the range from €300 million to €350 million.

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