Another capital increase, of RON19.4 million, to RON1.12 billion, was operated in February, following a decision made by shareholders in December 2010.
Company shareholders include Groupama SA (France) – 99.99997% and Groupama Investissements SAS – 0.00003%.
Groupama Asigurari is the fourth largest player on the Romanian market by premiums subscribed in 2010.
French Groupama entered Romania in 2007, after acquiring BT Asigurari in a EUR100 million transaction. In April 2008, Groupama took over insurer Asiban for EUR350 million.
In 2009, BT Asigurari and Asiban merged to form Groupama Asigurari, which also included the portfolio of OTP Garancia Asigurari. (EUR1=RON4.2517)