Interlife S.A. described the first half of 2021 as particularly important and rewarding, as its economic performance exceeded management expectations, with positive indicators across the board further strengthening its position on the insurance market and in business.
The company recorded high profitability, with earnings before taxes at 30/6/2021 standing at €13.10m, compared to €1.09m in the same six months of 2020.
Additionally, the company recorded a 10.05% increase in registered premiums (€36.83m, from €33.47m in the first half of 2020) and a 2.49% rise in gross earned premiums (€33.95m, compared to €33.12m in the first half of 2020), while the participation rate between registered premiums in vehicle civil liability and other non-life sectors came to 57%-43% (compared to 59%-41% for the same period in 2020).
An increase was also noted in other financial figures, with total assets growing by 6.99% (€266.70m, compared to €249.27m at 31/12/2020), equity by 9.56% (€120m compared to €109.54m at 31/12/2020), and total investments coming to €243.41, compared to €228.01m at 31/12/2020.
Finally, net compensation (including the change in insurance provisions) rose by 9.69% from the same period in 2020 (€14.80m, compared to €13.50m in the first half of 2020).
In commenting on the financial results of the first six months of 2021, Interlife president and CEO Ioannis P. Votsaridis said:
“I am proud of being able to maintain and increase our growth potential, and of the steadily upward course and financial robustness of our company, which once again reaffirms the judicious management of our finances over the last three decades. Despite the adverse conditions imposed by the ongoing Covid-19 pandemic, we continued to offer top-level insurance products and services, while strengthening our relationships of trust with our policyholders, our human resources, our partners, our shareholders and society in general. We are optimistic, we envision and remain alert to be able to successfully respond to the challenges of the times and the expectations of all stakeholders.”
