The Management Board of IC EUROINS PLC announced its financial prognosis for Q2 of 2006
The premium income for the second quarter of 2006 is expected to be 10.5 million leva. In comparison with the same period of 2005, when the premium income was 8.7 million leva, the growth is 20%.
The financial prognosis is based not only on the growth of Casco Insurance, which is traditionally strong for the company, but also on the expectation of increase in seasonal demand of medical and property insurances.
The positive financial result forecasted for the second quarter of 2006 to the amount of 200 thousand leva, is based on the statistical valuation on expected income, paid claims and covered expenditures. As a result of the above-mentioned the company’s general income will go over 350 thousand leva. In comparison with the same period of 2005 IC EUROINS PLC registered a profit of 155 thousand leva.