Newsweek grants an award to Europa

Europa Insurance Group climbed the podium in the Newsweek's 100 Most Valuable Companies, ranking 3rd amongst the insurers. The award ceremony took place on 23 April in Warsaw, and the distinction was received by Jacek Podoba - President.

The award for Europa was collected by Jacek Podoba – President, photo by G. Szymański

- Rewarding us by ranking our company at such a high position is a confirmation of a very strong presence of the company in the Polish insurance market. This is a result of many years of dynamic growth. We are happy that Europa Group qualified as one of one hundred most valuable companies in Poland - says Jacek Podoba, President of TU Europa SA and TU na Życie Europa SA.
The jubilee 10th edition of the Newsweek's 100 Most Valuable Companies Ranking was developed using the Swiss Method and presents companies operating in the Polish market according to their estimated value as of end of 2011, which consists not only of the company's assets but also of the human capital and know-how. The tool used is a combination of valuations conducted using the asset-based approach and income-based approach, with special focus on the assets held by the company and the profits earned.

The valuation included companies which stand out with respect of revenues, profitability and recognized by Poles as valuable brands. In total, the analysis covered more than 90 % of companies of various sectors of economy, with a potential to win a place among 100 most valuable companies in Poland.

The 10th edition of the Newsweek's 100 Most Valuable Companies Ranking is published in the current issue of the Newsweek weekly.
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