The best online stock broker. Open an account today and start earning up to $1000 of IBKR Stock !
Tuesday, February 9, 2021
Monday, February 8, 2021
Saturday, February 6, 2021
Thursday, February 4, 2021
Increase of the gross written premiums and achievement of the 2020 goals
European Reliance presented significant increase of its gross written premiums for another fiscal year. Despite the unfortunate financial environment of the previous years, the Company continues its upward course and in 2020 presented increase of the gross written premiums, unlike the overall insurance market.
More specifically, the Company in 2020 presented 5.13% increase of its written premiums at € 223.3 mil., versus € 212.4 mil. in 2019.
The Company has presented a high growth rate since its first establishment and during the financial crisis and recession of the past 11 years, managed to increase its written premiums by 89.5%, from € 117.9 mil. to € 223.3 mil. Moreover, the Company presented 1.5% decrease of the overall expenses, comparing to the budgeted expenses, and kept the acquisitions cost at a fixed price.
Additionally, it is worth noting that the total insurance premiums in the insurance market during the decade 2009-2019 presented 22% decrease, from € 5.4 bil. to € 4.2 bil. and in 2020 4.5% decrease, based on the figures of H.A.I.C., as of 30/11/2020.
European Reliance is listed in the Athens Stock Exchange, is the only insurance company with 4 ISO certificates, has been awarded as a True Leader company over the past 10 consecutive years and has received awards over the past 7 consecutive years by the Hellenic Institute - EBEN GR - for its Business Ethics and Corporate Responsibility. Over the past 2 years, European Reliance receives the highest distinction by the Hellenic Institute - EBEN GR - and is the only company to achieve that.
The Company remains stable in its core philosophy, to stay consistent and loyal to every insured, insurance agent and shareholder. This philosophy led European Reliance to its current, prominent position, solemnly based on its own funds, without any additional support by International Companies, Banks, the Greek Government or other sources of income.
Wednesday, February 3, 2021
Monday, February 1, 2021
Two awards for European Reliance Group of Companies in the “Hrima Business Awards 2020”
European Reliance Group of Companies received two awards in the “Hrima Business Awards 2020”.
European Reliance General Insurance Co. S.A., the parent company of the Group, received the first prize in the category “Best Small and Medium Capitalized Company 2020”. It consists the reward of the Company for its high figures and positive course in the Stock Market and high returns for the Investors.
Additionally, one of the subsidiaries of the Group, European Reliance Asset Management, received the third prize in the category “Best Mutual Funds Management Company 2020”, crowing a very successful fiscal year for the Company, rewarding its investment strategy and philosophy.
“Hrima Business Awards” were organized by HRIMA magazine for 18th consecutive year, in cooperation with ethosEVENTS and the financial and business portal banks.com, highlight and reward the businesses that support the Greek economy, contribute to the growth of the stock-index and are acknowledged by the business and investment community as an established institution that annually evaluates the listed companies of the Athens Stock Exchange. The listed companies are annually evaluated by the investors, the readers of HRIMA magazine and the visitors of banks.com.
European Reliance Group of Companies will stand as a model for the business operations, offering qualitative services to the Greek society and further strengthening its commitment towards the development of the economy and the best possible future for the country.
Subscribe to:
Posts (Atom)