2021 was a very productive year for European Reliance Group of Companies at an operational level with increased changes in its overall financial performance.
More specifically, in 2021, European Reliance Group of Companies accomplished:
4.3% pre-tax profit increase, at € 26.1 mil., versus € 25.0 mil. in 2020.
3.7% Increase of the Group’s total income at € 245.6 mil.
4.1% increase of written premiums and related income at € 232.5 mil., versus € 223.3 mil. in 2020, with the Life Sector presenting the highest increase at 8.2%. The Other Non-Life Sectors presented 5.9% increase and the Motor Sector 0.6% increase.
6.6% Total Assets increase at € 545.6 mil. versus € 511.9 mil. in fiscal year 2020.
Strengthening of the Total Equity by 1.0% at € 156.3 mil., vs. € 154.8 mil. on 31/12/2020, despite the payment of high dividend to the shareholders, equal to € 8.0 mil.
Strengthening of the Solvency Ratio by 2.4 percentage points at 177.0% further increasing the Company’s credibility and ensuring the rights of thousands of insured.
Investment portfolio increase at € 434.5 mil., versus € 412.5 mil. in the end of 2020.
12.1% insurance provisions increase at € 350.8 mil., versus € 312.9 mil. in the previous year.
The Group, based on the total insurance premiums, is estimated to hold 5.5% of the market share and presents high liquidity ratio, a fact that allows zero lending, significantly free reserves and direct payment of liabilities to the insured and third-party beneficiaries.
The interested parties may find further information on the Group’s figures, the Annual Financial Report and the Solvency and Financial Condition Report (SFCR) at the Company’s website, in the section Investor Relations.
