The December move would bring Asirom’s share capital to RON216.4 million, from RON157.9 million.
The company, which is owned by Vienna Insurance Group (Austria) – 85.9676% and LVP Holding GmbH – 5.4%, is the fifth largest insurer in Romania, after Astra, Allianz-Tiriac Asigurari, Groupama and Omniasig.
The insurer reported revenues of RON596.4 million in 2012, down 5% on the year, and a net profit of RON14.88 million, double on the year.
In Romania, VIG also owns Omniasig and BCR Asigurari de Viata.
On January 20, the shareholders of BCR Asigurari de Viata will also discuss the company’s share capital increase by RON120.52 million, to RON153.5 million.
BCR Asigurari de Viata has a share capital of RON32.97 million, owned by Austria’s Vienna Insurance Group (92.4%) and Banca Comerciala Romana (with a 5.4% stake).
In 2012, the company ranked second on the life insurance market, after ING, by subscribed premiums, with revenues totaling RON425.2 million, 23.4% higher on the year. The life insurer reported a net profit of RON24.99 million, from RON19.62 million in 2011. (EUR1=RON4.501)