GRAWE, FY2018: results from ordinary activities hit EUR 161 million

GRAWE 2018 financial year highlights:

  • Earnings before tax (result from ordinary activities) of GRAWE AG reached EUR 70 million in 2018 (+17.2% change);
  • The degree of solvency (Solvency II) at GRAWE AG was 331%;
  • The equity ratio of GRAWE AG was 22.2%, continuing to rise in 2018;
  • The result from ordinary activities of the GRAWE Group hit EUR 161.1 million (+0.5% compared to previous year);
  • In 2018, GRAWE Group employed a workforce of over 4,600 in 13 countries in CEE and SEE regions.


In the 2018 financial year, GRAWE AG increased its total premium income by 5.0% to EUR 588 million. Premium growth in non-life and accident insurance was up 5.7%, while in life insurance GRAWE recorded a 2.6% rise.

GRAWE contract portfolio increased by 1.3%, to 2,240,974 contracts during the last financial year. Earnings before tax (result from ordinary activities) grew by 17.2% in 2018, reaching a total of EUR 70 million.

Around 60% of the GRAWE AG portfolio and around 80% of the GRAWE Group portfolio comprises fixed-income securities and properties that are stable in value. In total, capital investments of the GRAWE Group grew by 3.9% to EUR 5,092 million in the last financial year.

The equity ratio of GRAWE AG continued to rise in 2018, reaching 22.2%. The degree of solvency at GRAWE AG as per 31 December 2018 was 331% (higher than stipulated under statutory regulations, Solvency II, showing the characteristic stability of GRAWE since its very beginning).

In 2018, GRAWE Group employed a workforce of over 4,600 in 13 countries in Central, Eastern and South-Eastern Europe: Austria, Hungary, Slovenia, Croatia, Bosnia and Herzegovina, Montenegro, Macedonia, Serbia, Bulgaria, Romania, Moldova, Ukraine and Cyprus.


Full report can be found here (German only):




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