EuroHold Bulgaria : Realized sales in July 2016 by the companies in the group of Eurohold

The insurance holding EUROINS INSURANCE GROUP registered a 11.2% increase in premiums (GWP) for July amounted to EUR 20.1 mm compared to EUR 18.1 mm for the same month of 2015. For the first seven months of 2016 the GWP of EUROINS INSURANCE GROUP registered 4.3% growth amounted to EUR 140 mm compared to EUR 134.1 mm for January-July 2015, according to preliminary data. Euroins Bulgaria reported a decline in premiums in the first seven months of over 15%, 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 above 23% for the first seven months of 2016. Euroins Romania registered above 13% growth in premiums for the first seven months. As a result of the rapid pace of development in recent years, Euroins Romania is now the third company by market share on the Romanian insurance market. 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 current year the goal of management is to keep the market position and to improve significantly the financial result. HDI Ukraine is already part of the group of Euroins Insurance Group, after Germany-based Talanx Group transferred the 99% of shares of the Ukrainian company to EIG on 12th of August. Ukraine's financial regulator approved the deal on 29th of July, 2016.

The automotive holding AVTO UNION registered 19.2% decline with total of 344 sales of new PC and LCV for July, 2016 compared to 426 units realized in July, 2015. The highest number of sales for the month was realized by Espace Auto (Renault, Dacia) with 191 units, followed by Star Motors (Mazda) with 53 units, Auto Italia (Alfa Romeo, Fiat, Lancia, Maserati) with 42 units, Nissan Sofia (Nissan) - 29 units and Bulvaria (Opel, Chevrolet) with 29 units. For the first seven months of 2016 the automotive division of Eurohold registered 3% decline with 2242 sales of new PC and LCV compared to 2311 units for January-July 2015, according to preliminary data.

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