Increases in insurance activity and decreases in motor sales for EUROHOLD in 1H2013

8 August 2013 — Vlad BOLDIJAR
euroins1For the first six months of the current year, the value of gross written premiums of Bulgarian insurance group EUROINS (member of EUROHOLD) - recorded a 12.9% growth, reaching EUR 84.4 million compared with EUR 74.8 million for January-June 2012, according to preliminary data published by the group.

By divisions, based on the results from the previous year, EUROINS Romania reported the best performance, with above 22% growth y-o-y to EUR 62.5 million. At the same time, the health insurance company in the group realized EUR 1.3 million in GWP, increasing slightly compared to the same period in 2012 (0.6% y-o-y).

Negative performances were reported by EUROINS Macedonia - EUR 3.6 million or -3.1% less in comparison whit 1H2012, while on the "home market", EUROINS Bulgaria recorded a decrease in GWP of 9.1%, to EUR 17 million.

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For the first six months of 2013, AVTO UNION - the automotive division of EUROHOLD - registered 1.074 sales of new passenger cars and light commercial vehicles compared to 1.187 units for the same period in 2012, representing a 9.5% decrease y-o-y. The highest number of sales was realized by ESPACE Auto (authorized dealer of RENAULT and DACIA) with 303 units, followed by BULVARIA (OPEL and CHEVROLET) with 261 units, STAR Motors (MAZDA) -246 units, AUTO ITALIA (ALFA ROMEO, FIAT, LANCIA and MASERATI) - 134 units and NISSAN Sofia (NISSAN) - 130 units.

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