European Reliance: Ordinary general Meeting of Shareholders decisions

The Annual Financial Statements for the Year 2016 on a simple and consolidated basis, as well as a dividend of EUR 0.10 per share, were approved among others by the Ordinary General Meeting of the European Reliance General Insurance Co. S.A., which took place on Tuesday, May 16, 2017.

During the General Meeting, the activities of the year 2016 as well as the objectives and the growth prospects of the Company for the year 2017 were presented to the shareholders.

Special reference was made to the significant rise in its financial figures, which led to the continuance of its growth.

According to information presented by the Board of Directors, in 2016 the Company accomplished:
  • Impressive increase in the pre-tax profits by 28,2% to 20,6 mil. €.
  • Increase of the gross written premiums and related income by 3,0% το 172,2 mil.
  • Increase of net worth by 18,6% to 96,2 mil. €.
  • Increase in the Total Assets by 8,9% to 386,6 mil. €.
  • Increase in the insurance reserves of 6,3% to 266,7 mil. €.
  • Increase of investments in 304,4 mil €, versus 279,9 mil € in 2015.
The Ordinary General Meeting also approved the exemption of the Board of Directors and the Auditors from any liability for the Year 2016, the election of new Auditors for the Year 2017, the remuneration of the members of the Board of Directors as well as their licensing for their participation in the Boards of Directors of the companies of the Group.

Interested parties can obtain further information on www.europaikipisti.gr/en/, under Investor Relations.

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