Eurohold Bulgaria, represented in Ukraine by two insurance companies – “Euroins Ukraine” and “European Travel Insurance” – in January-September 2024 received a gross profit of EUR181.74 mln, which is 0.8% more than in the same period a year earlier. As reported in the information of IC “Euroins Ukraine” profit before interest taxes and amortization (EBITDA) amounted to EUR122.77 million, which is 36.6% higher than in the same period of 2023. The net financial result for the reporting period amounted to EUR16.21m. The group’s consolidated revenue amounted to around EUR1.02bn.
Eurohold’s insurance business, carried out through Euroins Insurance Group AD (EIG), showed growth and improved profitability. In the first nine months of this year, the group’s insurance revenues grew by 4% year-on-year to EUR198m, while EBITDA and the final financial result amounted to EUR8.44m and EUR1.87m.
“The segments and markets where we are active face challenges, but our results show that we are capable of overcoming them. I believe that we will conclude this year successfully, creating additional value for our shareholders and all our stakeholders,” said Eurohold CEO Assen Minchev,.
Eurohold Bulgaria is a leading energy and financial group operating in Central, Eastern and Southeastern Europe. It is listed on the Bulgarian and Warsaw Stock Exchanges.
Eurohold owns Euroinsurance Group (EIG), one of the largest insurance groups in the region. EIG provides a full range of insurance products, serves more than 4 million clients in 11 countries and employs more than 3000 people.
IC “Euroins Ukraine” is a universal non-life insurer, operating in the Ukrainian market since 1992. The company has about 100 representative offices all over the country, holds 25 licenses, 16 of them – for voluntary and 9 – for compulsory types of insurance.
IC “European Travel Insurance” has been working in the Ukrainian market since 2006 and is the only insurer in Ukraine, which specializes in travel insurance.
The company holds 8 licenses for voluntary types of insurance, works with both private individuals and corporate clients.
