Europa's Record Profits
The Europa Insurance Group earned the highest annual net profit ever in 2011 amounting to 173 million zloty with a y/y 15% increase. With written premiums exceeding 3 billion zloty (according to PSR), Europa solidified its leadership of the Polish bancassurance market.
Europa acquires a majority stake in Open Life
Europa is finalizing the acquisition of the majority stake in Open Life Towarzystwo Ubezpieczeń na Życie S.A. after the Polish Financial Supervision Authority found there were no grounds to lodge a protest against changes of the company?s shareholding structure. Europa Insurance Group will now consist of TU Europa S.A., TU na Życie Europa SA and Open Life TU na Życie S.A.
Talanx AG and Meiji Yasuda Life Insurance as Europa's strategic shareholders
The German Talanx AG and its Japanese partner Meiji Yasuda Life Insurance Company are entering into a long-term, strategic bancassurance cooperation with the Getin Holding Group. As part of the agreement, Talanx and Meiji Yasuda will take over the insurance company Europa Group. For Europa, the transaction offers the possibility for further dynamic growth behind the potential of the new strategic shareholders ? both Talanx and Meiji Yasuda are well known players on the global insurance market.
Talanx strengthens presence in Poland
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Record profits of the Europa Group of Insurance Companies and its 35 per cent share in the non-life bancassurance market in Poland
After three quarters of 2011 the Europa Group has already generated PLN 128m worth of net profit. They were a record 9 months in the Group?s history. Europa reported an 18 per cent growth in profit at the same time increasing gross premiums written to PLN 556m (in accordance with IAS) as against PLN 529m in the corresponding period of last year. The Group has also gained a very strong position in Poland in the sale of insurance products in cooperation with banks. The premiums written by the non-life Europa company constitute more than one third of the entire non-life bancassurance market in Poland (in accordance with Polish Accounting Standards), while TU na Życie Europa SA wrote close to one fifth of the premiums written on the Polish life bancassurance segment (in accordance with Polish Accounting Standards)*.
Banking products sold more and more often with insurance
The Europa Group has summed up the first in Poland bancassurance market research. The results show that Poles more and more willingly purchase additional insurance for their banking products and more than 90 per cent of respondents holding the insurance products have positive opinions about their purchase.
Europa’s new colours
After six years, the Europa Group introduces a new logotype and visual identification system. The symbol represents the company?s innovation and professionalism which have been the foundation of its intensive growth.
On-line conference report – performance in H1 2011
On 19 August 2011 at 11 am, an on-line conference was held during audited financial results for the first half of 2011 of the Europa Insurance Group were presented.
Europa continues its strong march forward!
More than PLN 84m of net profit in H1 2011 and further growth of gross premiums written in comparison with the first half of last year. By improving its net profit by 20 per cent the Europa Group of Insurance Companies closed the first six months of 2011 with very good results. At the end of 2010 Europa was the third largest insurance group on the Polish market in terms of gross premiums written*.
INVITATION to on-line conference – interim results for H1 2011
On 19 August 2011 at 11 am, an on-line conference will be held during which the Management Board will present and discuss audited financial results of the Europa Group for the first half of 2011.