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EFG Eurolife Life Insurance SA

The insurance companies of Eurobank EFG recorded impressive growth of operations in 2005.

Both insurance companies, EFG Eurolife Life Insurance SA and EFG Eurolife General Insurance SA are 100% subsidiaries of Eurobank and among the largest insurance groups in the Greek market. Total premium production grew sharply reaching €386 million, registering a 44% growth rate in 2005.

The companies achieved 27% growth rate in profitability with €38,6 million total profit before taxes,  according to the International Financial Reporting Standards.

Both companies maintain increased reserves and their net worth shows a 118% surplus versus the minimum required solvency margin.

EFG Eurolife Life Insurance SA is ranked first in Life Insurance market in Greece with 19% market share, €366 million premium production (45% growth rate) and €30,2 million profit before tax (30% growth rate).

The premium production of EFG Eurolife General Insurance SA in 2005 was €20 million (26% growth rate) and profit before taxes €8,4 million.