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October 2, 2022

Alico Asigurari profit up 7.4 pc in 2011

Alico Asigurari Romania S.A. 2011 profit was 8 per cent higher than in 2010, of over RON 77 M and a value of the gross written premiums in slight growth, according to the company’s audited financial results, a company press report informs. The value of gross written premiums was RON 207 M last year, approximately 1 per cent higher than in 2010. The 2011 Alico Asigurari portfolio consisted of approximately 75 per cent traditional life insurances. ‘To clients, the profit means a bigger revenue from the investment of traditional assets, a guarantee of the company’s stability that will fulfil its long-term commitments and personalised additional benefits from the ongoing rise in the company’s performance,’ Theodor Alexandrescu, General Manager Alico Asigurari Romania said. The volume of redeemed or terminated policies decreased by over 3 per cent compared to 2010 and the value of redeemed policies dropped by 10 per cent compared to the previous year. Alico Asigurari paid damages for covered events and maturities worth almost RON 27 M in total, up 26 per cent compared to the previous year. The sums paid on maturing policies doubled.

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