Skupina Česká pojišťovna recorded a net profit in the amount of CZK 1.7bn in the first half of 2016. Total income decreased by CZK 2.0bn y/y to CZK 12.2bn. The subscription of premium from non-life insurance increased by 2.4% to CZK 9.97bn. Total written premium at commonly paid life insurance contracts decreased by 13% to CZK 4.1bn. The insurer said in a half-year report published via the Czech National Bank that it expected a continuing growth in the non-life insurance thanks to a growing economy and low interest rates. The group predicts a further decrease in the segment of life insurance.
