The share capital increase of nearly RON2.9 million was registered at the Trade Register in July 2020, despite being operated at the end of 2019, per public data. The share capital decrease, instead, was technical in order to comply with the law.
Throughout 2019, Gothaer Asigurari enjoyed shareholders’ support via additional share capital increases of over RON16 million. The insurer’s solvency rate climbed to 167% at the end of 2019.
In terms of solvency, Gothaer has never been incompliant with capital adequacy. Thus, the company had a solvency margin of 158% at the end of 2016, of 143% at the end of 2017 and of 129% at the end of 2018.
Gothaer ended 2019 with a double-digit decline in gross underwritings, of 42%, compared with 2018, reaching a volume of underwritten premiums of RON90 million.