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Vienna Insurance Q2 pretax up 43%, beats f/cast

Vienna Insurance Group posted a 43% rise in Q2 pretax profit, a fifth more than analysts had expected, as premium income grew in emerging European markets.

Pretax profit rose to €163.5 million ($241.4 million) in the quarter to June, compared with an average estimate of €134 million in a Reuters poll. Gross written premiums grew by 29% to €1.9 billion, also much more than expected. (Reuters)