JackW0 Posted June 1, 2010 Share Posted June 1, 2010 " NEWS 11 April 2010 On March 30, 2010 the General Meeting of Polish Reinsurance Company approved the Financial Statements 2009. The financial results in the year 2009 were one of the best ever of Polish Re. The results of 2009 are as follows: Gross written premium 63.1 mio EUR Net loss ratio 75.7% Underwriting profit 1.2 mio EUR Net profit 11.3 mio EUR ROE 27.6% Shareholders’ equity 41 mio EUR (growth by 56.5% on y/y basis) Own funds / solvency margin 321.5% Assets / technical reserves 139.0% " We can see the positive impact of Fairfax involvment. It would not take long before ratings go up. Jack W. Link to comment Share on other sites More sharing options...
Crip1 Posted June 2, 2010 Share Posted June 2, 2010 Jack, From where did you get this information? -Crip Link to comment Share on other sites More sharing options...
ECCO Posted June 2, 2010 Share Posted June 2, 2010 the info is there: http://www.polishre.com/#txt.php?ln=EN&menu=1181&navi=1181~1news~211+April+2010&v=news&img= Link to comment Share on other sites More sharing options...
JackW0 Posted June 2, 2010 Author Share Posted June 2, 2010 Crip, Having access to polish language I tray to follow insurance market in Poland, which together with relatively new capitalist movement in Eastern Europe is a very interesting phenomenon. Once again we can see the brilliant move (grate timing) of our Fairfax team. I get there backdoor from some polish website. Jack W. Link to comment Share on other sites More sharing options...
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