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BRIEF-Vienna Insurance Group Q1 pre-tax profit EUR 101.5 million
May 24, 2016 / 6:11 AM / a year ago

BRIEF-Vienna Insurance Group Q1 pre-tax profit EUR 101.5 million

May 24 (Reuters) - Vienna Insurance Group AG Wiener Versicherung Gruppe :

* Says Q1 gross premiums 2.7 billion euros ($3.03 billion) (average forecast in Reuters poll: 2.721 billion euros)

* Q1 combined ratio of 97.8 percent

* Q1 pre-tax profit 101.5 million euros (average forecast in Reuters poll: 103 million euros)

* Group investments including cash and cash equivalents were 32.7 billion euros (+2.6 percent) as of March 31 of the current year

* On schedule to achieve our target of doubling 2015 profit (before taxes) to up to 400 million euros in 2016 Source text - bit.ly/25dkRAz Further company coverage: ($1 = 0.8918 euros) (Gdynia Newsroom)

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