European Reliance 52 week high

Allianz close to an agreement for the acquisition of European Reliance 

https://www.investing.com/equities/euro-reliance-chart

Increase of the financial figures and number of employees in Q1 2021

European Reliance presented high pre-tax profitability at € 3.5 mil. in Q1 2021, comparing to € 1.6 mil. in Q1 2020.

More specifically:

The gross written premiums and related income presented 0.5% increase and amount to € 52.5 mil., vs. € 52.2 mil. in Q1 2020.
The Insurance Profit presented 33.4% increase and amounted to € 7.7 mil., comparing to € 5.8 mil. in Q1 2020.
The Total Equity presented 1.0% increase and amount to € 155.6 mil., vs. € 154.0 mil. in 2020.

The Solvency Capital Requirement strengthened by 4.2 percentage points and amounted to 178.81%, vs. 174.61% on 31/12/2020.
The Investment Portfolio amounted to € 414.9 mil., vs. € 412.5 mil. on 31/12/2020, presenting 0.6% increase.

The Mathematical Reserves and Technical Provisions amounted to € 318.4 mil., vs. 312.9 mil., on 31/12/2020, presenting 1.8% increase.

The Human Resources of the Company increased by 7 people, with total number of 446 employees, vs. 439 employees on 31/12/2020.

It is worth noting, that according to the figures of January – April 2021, the Gross Written Premiums presented 2.1% increase, comparing to the respective four months period
of 2020 and the operating expenses present slight decrease comparing to the aforementioned period of 2020.

The interested parties may read further information, in the Section Investor Relations.

 

European Reliance:“My Portal” - A new insurance experience

European Reliance, within the framework of its digital transformation, completed the new Customer’s Portal “My Portal”, which offers to users a simple and specialized management experience with the Company.


“My Portal” is a useful tool for personalized services for the insured of European Reliance General Insurance Co. S.A., since, via the portal, users can be easily informed through a series of actions that are related to their Insurance Policy an especially their transactions with the Company.

In the menu of “My Portal”, the insured can perform a series of functionalities, at the time of their convenience, through their desktop, tablet or mobile phone, such as:
The management of the policy, payment of the insurance premiums, management of the standing order and receipt of documents related to the insurance policy.
Submission and monitoring of the request for a claim.

Finding the co-operating car stations and contracted medical institutions.
Expressing interest for new products and upgrade the current packages of policies.
Participation in the award scheme “Asfalistikos Goneas”.

Direct on-line communication with a representative of the customer service department.
In European Reliance, digital transformation means the introduction and implementation of new technologies, that simplify the procedures for the insured and add value to their transactions with the Company, through a pleasant navigation experience.
These new services that the Company offers, confirm the strategic objective of the Company, which is the continuous support and facilitation of the work of the Insurance Intermediary.

“My Portal” is available for natural persons and the only requirement for the subscription is the number of the Insurance Policy or the Circulation License Number of the vehicle and the T.I.N.

European Reliance General Insurance Company S.A. (EUPIC.AT) REVENUE & NET PROFIT

 

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NET PROFIT - European Reliance General Insurance Company S.A. (EUPIC.AT)

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European Reliance:2020 Financial Results - Strong Growth and Strong Profitability

 https://www.europaikipisti.gr/en/our-group/press-office/press-releases/2021/04/07/08/13/07-04-2021

2020 was another successful year for European Reliance Group of Companies in an operational level and all financial figures presented positive variances. 

The Management of the Group presented the significant growth in all 2020 financial figures in a live Press Conference through an on-line platform.

More specifically, in 2020, European Reliance Group of Companies accomplished:

• 10.6% pre-tax profit increase, at € 24.8 mil., versus € 22.4 mil. in 2019.
• 5.1% Increase of the Group’s total income at € 236.8 mil.
• 5.1% increase of gross written premiums and related income at € 223.3 mil., versus € 212.4 mil. in 2019, with the Life Insurance Sector presenting the highest increase (13.5%). It is worth noting that also the other three insurance sectors kept similar growth course in 2020.
• 5.6% Total Assets increase at € 511.9 mil. versus € 484.6 mil. in 2019. 
• 8.7% Total Equity increase at € 153.6 mil. versus € 141.2 mil. as of 31/12/2019.
• Strengthening of the Solvency Ratio by 10.6 percentage points at 174.6%, further increasing the Company’s credibility and ensuring the future of thousands of insured.
• Investment portfolio increase at € 412.5 mil., versus € 382.1 mil. in the end of 2019.
• 3.4% insurance provisions increase at € 312.9 mil., versus € 302.6 mil. in the previous year.

Based on the total insurance premiums, the Group owns 5.7% of the insurance market share, which has doubled over the past ten years and presents high liquidity ratio, a fact that allows zero lending, significantly free reserves and direct payment of claims to the customers.

In the Press Conference, the Management, except for the 2020 financial results of the Group, announced the decision of the Board of Directors to propose to the Ordinary General Meeting of Shareholders of European Reliance General Insurance Co. S.A. on 27/04/2021, the distribution of dividend, estimated at € 0.30 per share, after excluding all Own Shares which the company holds. The Management also presented the Group’s objectives and growth prospects for fiscal year 2020.

The interested parties may find further information on the Group’s figures, the Annual Financial Statements and the Solvency and Financial Condition Report (SFCR) at the Company’s website https://www.europaikipisti.gr/en/Home, in the section Investor Relations. The Annual Financial Statements and the Solvency and Financial Condition Report (SFCR) will be available in English in due course.

 

European Reliance:On-line Concert for the Sales Network and the Human Resources of the Company

European Reliance organized a very innovative for the Insurance Sector concept, an on-line interactive concert for the Sales Network and the In-house Personnel.

The Company invited the famous Greek artists, Michalis Hatzigiannis and Melina Aslanidou, who performed exclusively for European Reliance and its personnel from a special studio, adjusted to the colors of the Company in an event held on March 26, at 21:00. The Marketing and the Sales Network Support Director, Mr. George Gkotzageorgis, and the Commercial Director of the Company, Ms. Vassiliki Roussi, welcomed both artists.

The concert lasted more than 2 hours and both artists performed their greatest hits, entertaining the personnel who enjoyed the show from their tv, computers, tablets or cellphones. The event was quite festive with mass participation of over 3,000 employees from all over Greece, who shared more than 600 messages in the on-line chat of the platform.

The event took place via the on-line platform LiveOn and was organized and coordinated by the Marketing and Public Relations Division of the Company in cooperation with Ethos Media.

In the end of the concert, the Marketing and Sales Network Support Director of European Reliance General Insurance Co. S.A., Mr. George Gkotzageorgis, stated: “It was a night that we all needed, considering the difficult times that we have been through, due to the pandemic. The intention of the Company is to create the right conditions, where the personnel can have a good time, even via remote participation. European Reliance will continue to stand with actions and in any way by the side of its Insurance Agents and Employees.”

European Reliance(EUPIC GA) - Dividend History

Increase of the gross written premiums and achievement of the 2020 goals

European Reliance presented significant increase of its gross written premiums for another fiscal year. Despite the unfortunate financial environment of the previous years, the Company continues its upward course and in 2020 presented increase of the gross written premiums, unlike the overall insurance market.

More specifically, the Company in 2020 presented 5.13% increase of its written premiums at € 223.3 mil., versus € 212.4 mil. in 2019.

The Company has presented a high growth rate since its first establishment and during the financial crisis and recession of the past 11 years, managed to increase its written premiums by 89.5%, from € 117.9 mil. to € 223.3 mil. Moreover, the Company presented 1.5% decrease of the overall expenses, comparing to the budgeted expenses, and kept the acquisitions cost at a fixed price.

Additionally, it is worth noting that the total insurance premiums in the insurance market during the decade 2009-2019 presented 22% decrease, from € 5.4 bil. to € 4.2 bil. and in 2020 4.5% decrease, based on the figures of H.A.I.C., as of 30/11/2020.

European Reliance is listed in the Athens Stock Exchange, is the only insurance company with 4 ISO certificates, has been awarded as a True Leader company over the past 10 consecutive years and has received awards over the past 7 consecutive years by the Hellenic Institute - EBEN GR - for its Business Ethics and Corporate Responsibility. Over the past 2 years, European Reliance receives the highest distinction by the Hellenic Institute - EBEN GR - and is the only company to achieve that.

The Company remains stable in its core philosophy, to stay consistent and loyal to every insured, insurance agent and shareholder. This philosophy led European Reliance to its current, prominent position, solemnly based on its own funds, without any additional support by International Companies, Banks, the Greek Government or other sources of income.

BUY-HOLD-SELL (MY OPINION)

 Understanding Buy, Sell, and Hold Ratings of Stock Analysts

Οι οικονομικές και τεχνικές αναλύσεις που παρουσιάζονται στον παρόντα ιστότοπο δεν έχουν διενεργηθεί από Εταιρία Παροχής Επενδυτικών Υπηρεσιών, ούτε έχουν συνταχθεί από πιστοποιημένο αναλυτή του άρθρου 14 του ν. 3606/2007. 

Πρόκειται απλά για μια απεικόνιση και παράθεση δημόσιων στοιχείων ελληνικών και ξένων μετοχών με ενημερωτικό και ψυχαγωγικό χαρακτήρα.

 Το χρηματιστήριο αποτελεί ατομική επενδυτική προοπτική με υψηλό ρίσκο και κίνδυνο και καλό είναι να παίρνει κανείς τις αποφάσεις του μόνος ή με βάση τη συμβουλή του προσωπικού του επενδυτικού συμβούλου. 

 Η τελική επιλογή για αγορά ή πώληση είναι αποκλειστικά δικιά σας! 

 Να θυμάστε πως πολλές μεγάλες εταιρείες έγιναν μικρές και πολλές ζημιογόνες έγιναν κερδοφόρες και το αντίστροφο...

European Reliance General Insurance Co. S.A:Financial Calendar 2021

 he General Insurance Co. S.A. with company name “European Reliance General Insurance Co. S.A.” announces the Financial Calendar of 2021 to its investors, in accordance with paragraphs 4.1.2 and 4.1.4.3.1 of the applicable Regulation of the Athens Stock Exchange:

• The Annual Financial Statements and the Annual Consolidated Statements of Fiscal Year 2020 that have been prepared according to the I.F.R.S, along with the annual condensed financial figures for the Annual Financial Statements, will be announced and published on Tuesday, April 6, 2021, in the Company’s website (https://ir.europaikipisti.gr/en) and the website of the Athens Stock Exchange.
• The Company’s annual briefing of journalists / analysts and shareholders will take place on Wednesday, April 7, at 12:00. The place and time of the briefing will be announced to the investors with an investor invitation in the investor relations website of the Company by Friday, April 2, 2021 (*).
• The briefing of the foreign analysts/ journalists/ shareholders will take place via a teleconference on Wednesday, April 7, 2021, at 17:00 in the English language. The ways of communication and guidelines will be announced to the investors with an invitation in the investor relations website of the Company by Friday, April 2, 2021 (*).
• The Ordinary General Meeting of Shareholders of the Company will take place on Tuesday, April 27, 2021, at the Company’s headquarters (274 Kifisias Avenue, Chalandri - Europlaza Hall) at 14:00 (*). In case of non-achievement of the required quorum, the Repeat of the General Ordinary Meeting of Shareholders will take place on Tuesday, May 11, 2021.
  • The proposed date for distribution of dividend for fiscal year 2020 is Wednesday, May 5, 2021 (**).
  • The beneficiaries of this dividend will be the registered as Shareholders of the Company on Thursday, May 6, 2021 (Record Date) (**).
  • The payment of the dividend will begin on Tuesday, May 11, 2021(**).
• The H1 Financial Statements and the H1 Annual Consolidated Financial Statements of 2021 that have been prepared according to the I.F.R.S. will be announced on Wednesday, September 29, 2021 in the Company’s website (https://ir.europaikipisti.gr/en) and the Athens Stock Exchange.  On the same date, (September 29, 2021) the briefing of the domestic and foreign journalists/ analysts/ shareholders will take place. The place and time of the briefing will be announced to the investors with an invitation in the investor relations website of the Company by Friday, September 24, 2021.

(*) Please note that the development of the Covid-19 pandemic may affect the way of conduction of the Ordinary General Meeting of Shareholders and the annual and H1 briefing of the interested parties. The Company’s interested parties will be informed on time on the way of conduction of the Ordinary General Meeting of Shareholders and the Annual/H1 briefing, according to the decisions and measures of the Greek Government and the Hellenic Capital Market Commission.
(**) Provided that the Ordinary General Meeting of Shareholders will approve the distribution of dividend.
The Company retains the right to alter the aforementioned dates, with prior prompt notice to the investors.
 

European Reliance General Insurance Company S.A. - ATHEX(REVENUE 2012-19)

 

Και όμως έπεσα έξω...

Για καλύτερη θέαση σε κινητό, μπορείτε να το γυρίσετε οριζόντια.

Στις 12 Μαρτίου, μέσα στην καρδιά του κραχ είχαμε κάνει την παρακάτω τοποθέτηση:

Οι κρίσεις γεννάνε Κροίσους

Για όσους κράτησαν ρευστό όλα αυτά τα χρόνια της ανόδου, πλέον ανοίγεται ένας δρόμος μπροστά που μπορείς να τον βρεις μία φορά στα 50 χρόνια...

Το πού θα αγοράσει ο καθένας, πόσα θα αγοράσει όσο διαρκεί η πτώση και το τι θα αγοράσει, είναι καθαρά προσωπική επιλογή... Σε κάθε περίπτωση πρέπει να θυμόμαστε πως το ρίσκο είναι ανάλογο της τιμής αγοράς.

Είναι σίγουρο πως και αυτός που αγοράζει στις σημερινές τιμές, που πιθανότατα θα βρεθούνε ακόμα πιο κάτω, σε δύο με πέντε χρόνια θα έχει διπλασιάσει τουλάχιστον τα χρήματά του...Στην καλύτερη περίπτωση μπορεί να επιτύχει και επιδόσεις που θα ξεπερνούν τις δέκα φορές σε άνοδο...

Φυσικά όσο χαμηλότερα γίνει η τοποθέτηση τόσο το καλύτερο, αφού θα γίνει πιο γρήγορα η απόσβεση της αρχικής επένδυσης μέσα από τα μερίσματα. Για αυτό η άποψή μου είναι ότι πρέπει να κάνουμε υπομονή, ώστε να βρεθούμε όσο γίνεται πιο κοντά στον πυθμένα. Άλλωστε οι αγορές αρκούδων κρατάνε συνήθως έξι μήνες με ένα χρόνο...

Αν έχετε λοιπόν χρήματα, υπάρχουν δύο επιλογές. Η πρώτη είναι να μπείτε τώρα μία και καλή και να μην το ξαναδείτε το χρηματιστήριο για 2-3 χρόνια και η δεύτερη να αγοράζετε σταδιακά και όσο πέφτει περισσότερα.

Μόλις γυρίσει η κατάσταση, να αποσυρθείτε πάλι για δύο με τρία χρόνια και να απολαμβάνετε τις παχυλές αποδόσεις των μερισμάτων...

Καλή δύναμη και καλό κουράγιο σε όλους και όλες γενικότερα για τις μέρες που έρχονται,καθώς οι επιπτώσεις στην πραγματική οικονομία θα αρχίσουν να γίνονται ορατές στους επόμενους μήνες. Ο χρόνος γιατρεύει τα πάντα , αλλά και αυτός χρειάζεται τον χρόνο του...

Παρά τις φωνές της φοβίας και του πανικού και οι οποίες έλεγαν: "Πώς είναι δυνατόν να κάνεις τοποθέτηση σε αγορά αξιών μέσα στην καταστροφή και την κρίση σε μία πανδημία με άγνωστη κατάληξη;", η ιστορία τελικά μας δικαίωσε. 

Μόνο που αυτό έγινε πολύ γρηγορότερα από ό,τι θα περιμέναμε…. 

Μερικές από τις επιλογές μας πριν 8 μήνες και οι αποδόσεις τους σήμερα…. 

ALCOA: 342%

CENTURY ALUMINIUM: 299%

ΧΙΑΟΜΙ: 199%

CARNIVAL:173%

DAIMLER: 161%

MACY' S: 151%

ΜΥΤΙΛΗΝΑΙΟΣ: 136%

OPAP: 92%

PORCHE: 91%

GOOGLE: 77%

ΕΥΡΩΠΑΪΚΗ ΠΙΣΤΗ: 67%

AΔΜΗΕ: 63%

ΜΟTOR OIL: 52%

ΒP: 37,5%

Τα σχόλια δικά σας...

European Reliance General Insurance Company S.A. (EUPIC)-NET DEBT(2008-2019)

 

European Reliance General Insurance Company S.A. - ATHEX(CASH 2012-19)