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22 May 2018
European Reliance General Insurance Company S.A. – Ordinary General Meeting of Shareholders Decisions
The Annual Financial Statements for the Year 2016 on a simple and consolidated basis, as well as a dividend of EUR 0.12 per share, were approved among others by the Ordinary General Meeting of the European Reliance General Insurance Co. S.A., which took place on Tuesday, May 22, 2018.
The Annual Financial Statements for the Year 2016 on a simple and consolidated basis, as well as a dividend of EUR 0.12 per share, were approved among others by the Ordinary General Meeting of the European Reliance General Insurance Co. S.A., which took place on Tuesday, May 22, 2018.
During the General Meeting, the activities of the year 2017 as well as the objectives and the growth prospects of the Company for the year 2018 were presented to the shareholders.
Special reference was made to the rise in its financial figures, which led to the continuance of its growth.
According to information presented by the Board of Directors, in 2017 the Company accomplished:
- Impressive increase in the pre-tax profits by 8,4% to 22,8 mil. €.
- Increase of the gross written premiums and related income by 6,6% to 183,6 mil.
- Increase of net worth by 21,4% to 115,4 mil. €.
- Increase in the Total Assets by 7,7% to 417,5 mil. €.
- Increase in the insurance reserves of 2,4% to 273,1 mil. €.
- Increase of investments in 327,6 mil €. This amount is increased by 23,8 mil. €, compare to 2016.
The Ordinary General Meeting also approved the exemption of the Board of Directors and the Auditors from any liability for the Year 2017, the election of new Auditors for the Year 2018, the remuneration of the members of the Board of Directors as well as their licensing for their participation in the Boards of Directors of the companies of the Group.
Interested parties can obtain further information on www.europaikipisti.gr/en/, under Investor Relations.