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INCREASE OF ALL FINANCIAL FIGURES IN 2016

Pre-tax profits to 20,6 mil. €

Gross written premiums and related income to 172,2 mil. €
European Reliance S.A. presented the increase of its financial figures in total for 2016, during a Press Conference in 25 April, attended by journalists and company shareholders.
 
The Company΄s Management presented in detail the significant rise in its financial figures, which led to the continuance of its growth.
More specifically, in 2016, the Company accomplished:
  • Impressive increase in the pre-tax profits by 27,9% to 20,6 mil. €, versus 16,1 mil. € in 2015.
  • Increase of the gross written premiums and related income by 3,0% το 172,2 mil. €, versus 167,2 mil. € in the previous year.
  • Increase of net worth by 18,6% to 96,2 mil. €, compared to 81,1 mil. € on 31/12/2015.
  • Increase in the Total Assets by 8,9% to 386,6 mil. €, versus 355,0 mil. € in 2015.
  • Increase in the insurance reserves of 6,3% to 266,7 mil. €, compared to 250,8 mil. € of the last year.
  • Increase of investments in 304,4 mil €, versus 279,9 mil € in 2015.
  • Increase of its number of employees by 4,9%, with total employment amounting to 425 against  405 in December 2015.
It is worth noting that from 2009 to 2015, European Reliance has achieved spectacular growth in gross written premiums by 53% and to double its market share. Additionally, the company has high liquidity, which allows it to have zero debt and substantial free reserves.
 
During the Press Conference, in addition to the 2016 results, the Management also announced the Board΄s recommendation to the Shareholders΄ General Meeting to pay a dividend of EUR 0.10 per share, and presented its objectives and prospects for 2017.
 
Interested parties can derive more information on the company΄s site www.europaikipisti.gr/en, in the section Investor Relations.
 
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