Euroins Insurance Group AD (EIG), based in Southeast Europe, showed significant financial growth last year and expects even more growth this year.
The premium income increased 16.5 percent last year to a record high of nearly $302.4 million. Growth within Euroins Romania, the largest company in the group, amounted to nearly 3/4 of the total income, according to a press release on the Eurohold website.
EIG also earned $5.09 million in net profit last year, due in part to greatly improving its key operational and financial indicators.
"We have achieved our main targets for 2016," Jeroen van Leeuwen, EIG's chief operating officer, said in the release. "The group's positive results and improved indicators are a clear signal for a viability of its business and ensures a solid ground for further future growth. EIG will continue to expand its operations in Central and Eastern Europe (CEE). Our mid-term main target is to achieve a market share of 6 to 10 percent in the nonlife insurance sector in the CEE."