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European Reliance - Increase of its financial figures in the first semester of 2017

European Reliance General S.A. presented a significant increase of pre-tax profitability by 14,3% combined with an increase of gross premiums and related income by 9,7%, in the first semester of 2017, at a time when the written premiums of the Greek insurance industry estimated to have increased marginally by 1,2%.
European Reliance General S.A. presented a significant increase of pre-tax profitability by 14,3% combined with an increase of gross premiums and related income by 9,7%, in the first semester of 2017, at a time when the written premiums of the Greek insurance industry estimated to have increased marginally by 1,2%.
 
More specifically, the pre-tax profits of Company amounted to 6,485 mil. € vs 5,673 mil. € in the period January – June 2016, while the gross premiums and related income amounted to 89,286 mil. € vs 81,426 mil. € to the same period of 2016.
At the same time, the Company accomplished:
  • Total Equity amounted to 101,243 mil. €. This amount is increased by 5,2% compared to 31/12/2016.
  • Increase of Total Assets by 3,6% amounting to 400,406 mil. €, vs 386,586 mil. € in December of 2016.
  • Increase of insurance reserves by 4,0% compared to 31/12/2016, amounting to 277,416 mil. €.
It is worth noting that the company has no bank or other loans, no overdue debts and its solvency and liquidity are high.
 
The Company΄s Management, is optimistic that it will achieve the financial targets for the current year, continuing the growth path of the last years.
As a main asset its 40 years of experience in the insurance industry, will continue carefully to monitor the developments and to adapt to the constantly changing environment, in order to ensure the achievement of its Vision.
 
Interested parties can derive more information on the company΄s site www.europaikipisti.gr/en, in the section Investor Relations.
 
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