A new corporate profile of a Bulgarian public company was published by ELANA Trading analysts – the equity research covers 7th largest non-life insurer in Bulgaria and Romania – Eurohold.
Eurohold Bulgaria is a holding company specialized in financial services, including insurance and leasing, along with the car dealership. The group operates mainly in Bulgaria and Romania but also expanded in Macedonia and Ukraine after acquiring smaller companies in the region.
In Q1 2015 Eurohold Bulgaria reported a 50% increase of gross premium written during the first quarter of 2015 on yearly basis. Its insurance subsidiary in Romania was the primary driver for growth. Extreme hailstorms in 2014 pushed down profit margins from insurance in Bulgaria.
Eurohold Bulgaria was listed on the Bulgarian Stock Exchange in 2007 and later in 2011 – on the Warsaw Stock Exchange.
Find out more in the corporate profile by ELANA Trading analysts