Bulgarian insurer Euroins net profit soars in 2013 The net profit of Bulgarian insurer Euroins jumped to BGN 10.4 million in 2013 from 648,000 levs a year earlier. Net income increased nearly 70% to BGN 116.5 million last year, Euroins said in a financial report filed with the stock exchange. Operating profit amounted BGN 10.4 million in 2013, up from BGN 687,000, while net premium income topped BGN 103 million, an increase of nearly 42.5% from a year earlier. General motor insurance and motor third-party liability generated a combined 80.1% of Euroins’ premium income in 2013. Euroins is a unit of Euroins Insurance Group, the insurance sub-holding of Eurohold Bulgaria.
Source: Capital (04.02.2014)

Bulgaria's EIG units buy shares of medical consumables co Etropal Insurer Euroins Romania, a unit of Sofia-based Euroins Insurance Group (EIG), has increased its stake in Bulgarian medical consumables producer Etropal to 8.23% after acquiring 162,199 shares, equal to a stake of 3.24%. Another EIG unit, Bulgarian insurer Euroins, has acquired 311,150 Etropal shares, equivalent to a stake of 6.22%, the Bulgarian company said in a filing with the Sofia stock exchange. EIG is the insurance sub-holding company of Sofia-based Eurohold Bulgaria. In addition, Euro-Finance, a Eurohold unit, has sold 311,150 Etropal shares - equivalent to a stake of 6.22%, and now owns 3.53% of the company, the bourse filing indicated.
Source: investor.bg (13.03.2014)

Audit cuts by 39% Bulgarian insurer Euroins' 2013 net profit An audit reduced the 2013 net profit of Bulgarian insurer Euroins [BUL:5IC] by 39.4% to BGN 6.3 million, compared with the pre-audited BGN 10.4 million reported at the beginning of February, the company said. The company's net profit stood at BGN 524,000 a year earlier. In 2013, net revenues jumped nearly 50% year-on-year to BGN 119 million, Euroins said in an audited annual financial report. The company’s îperating profit also increased several times to some BGN 7.1 million in 2013 from BGN 687,000 in 2012. Euroins’ premium income went up over 38% to nearly BGN 119 million last year. Euroins is a unit of Euroins Insurance Group, the insurance sub-holding of Eurohold Bulgaria.
Source: Capital (23.05.2014)