10.4m-euro premiums for Generali Asigurari

The volume of premiums underwritten by insurer Generali Asigurari in the first half reached 423.1bn ROL (10.4 million euros), 14.1% more than in the same time of 2003. The growth in the first half in real terms was of 2.1%. The premiums collected by the company recorded a 26.3% nominal growth to 453.9bn ROL. The actual revenue growth was of 14.3%. The company settled 176bn ROL (4.2 million euro) worth in claims in the first six months of 2004. General insurance totalled 371.7bn ROL of the total premiums underwritten, compared with 335.1bn ROL at the end of June 2003 and life insurance policies amounted to 51.4bn ROL, up 44% from the same time last year. General insurance revenues progressed from 331.3bn ROL to 406.5bn ROL, while the life insurance segment rose 69% to 47.4bn ROL. Generali Asigurari has approximately 180 employees, as well as 375 agents and works with 70 insurance brokers. Generali Holding Vienna (Austria) controls 72.88% in the Romanian company, whose capital stands at 59.3bn ROL. The other two significant shareholders are Astra Asigurari, 15.57% and Creditcoop – 8.49%. ZF