Growth in turnover continued its upward trend in the first four months of 2021 for NP Insurance. The company’s turnover amounted to €12.7 million, recording an increase of 6.5% compared to the same four months in 2020, and was higher than the average increase in the Non-life insurance market. The company paid €4.9 million in compensations, while the loss ratio stood at 52.3%, which is considered quite satisfactory.
The company’s technical result stood at €4.3 million, owing to the exceptional underwriting and rational pricing of all company products. Income from the company’s investment portfolio amounted to €1.1 million, owing to the improvement in the valuations of shares and bonds.
Earnings before taxes in the first four months of 2021 amounted to €4 million, while the solvency ratios were stable, SCR standing at 278% and MCR at 1,112%, ranking the company in the top positions among the insurance companies with the highest solvency ratios.
NP’s upward trend in the first four months of 2021 and its high growth rate are the result of the constant efforts of its executives, partners and employees to be responsive towards its customers and their needs.
