The insurance holding EUROINS INSURANCE GROUP registered a 29.3% growth in premiums (GWP) for December amounted to EUR 31.4 mm compared to EUR 24.3 mm for the same month of 2015. For 2016 the GWP of EUROINS INSURANCE GROUP registered 16.1% growth amounted to EUR 268 mm compared to EUR 230.9 mm for 2015, according to preliminary data. Euroins Bulgaria reported a decline in premiums in the first eleven months by 1.6%, which is the result of accounted in May'2015 EUR11.6 million from active reinsurance. If you eliminate the above one-off effect of reinsurance, the direct insurance business of Euroins Bulgaria was increased by 22.8% for the first eleven months of 2016. Euroins Romania registered above 21.8 growth in premiums for 2016. Currently, the company focuses on quality and diversification of its insurance portfolio through detailed market segmentation, which significantly reduces the levels of risk taken. For the year the goal of management is to keep the market position and to improve significantly the financial result. For the period August-December, 2016, the GWP of Euroins Ukraine amounted to EUR 3.2 million, mainly accumulated from Property insurance. Euroins (HDI) Ukraine is a part of the group of Euroins Insurance Group (EIG), after Germany-based Talanx Group transferred the 99% of shares of the Ukrainian company to EIG on 12th of August. Effectively from 30th of September, 2016, the name of the company was changed to Euroins Ukraine.

The automotive holding AVTO UNION registered 65.2% growth with total of 451 sales of new PC and LCV for December, 2016 compared to 273 units realized in December, 2015. The highest number of sales for the month was realized by Espace Auto (Renault, Dacia) with 220 units, followed by Star Motors (Mazda) with 74 units, N Auto Sofia (Nissan) with 61 units, Bulvaria (Opel, Chevrolet) - 48 units and Auto Italia (Alfa Romeo, Fiat, Lancia, Maserati) with 48 units. For 2016 the automotive division of Eurohold registered 8.8% growth with 3938 sales of new PC and LCV compared to 3621 units for 2015, according to preliminary data.

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Eurohold Bulgaria AD Sofia published this content on 16 January 2017 and is solely responsible for the information contained herein.
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