Announcement of Regulated Information According to Law 3556/2007
Chalandri, 31 of March 2015- European Reliance General Insurance Company S.A. has accomplished an increase of all the financial figures of 2014, at a time when the production of the Greek insurance industry is estimated to have declined by 1.3%.
More specifically, the Company accomplished:
- Increase in pre-tax profits by 12.7%, 15.1 MEUR, versus 13.4 MEUR ιn 2013.
- Increase of the gross written premiums and related revenues by 1.9% to 168.6 MEUR, versus 165.4 MEUR in the previous year.
- Significant increase in equity by 12.6 MEUR, Or by 21.3%.
- Increase in the Total Assets by 10% to 329.8 MEUR, versus 299.8 MEUR in 2013.
- Increase in the insurance reserves of 8.4% to 234.3 MEUR, Compared to 216.1 MEUR Of the Last year.
- High liquidity, which allows the company to have zero debt and substantial free reserves.
- Increase of investments in 254 MEUR, Versus 204 MEUR in 2013.
Additionally, the Company has further increased its employees by 12.3%, with a total employment amounting to 399 against 355 in December 2013.
Finally, it is worth noting that in the five years of the Greek Financial crisis (2009-2014), the company has achieved spectacular growth in production by 45%, while the overall market decreased its production by 28%.
Interested parties can derive more information on the company's site, www.europaikipisti.gr section Investor Relations.