In 2016, the group had gross written premiums of EUR20 million and it expects EUR30 million this year.
“We expect a similar profit as last year,” said Nitulescu.
Eurolife’s insurance companies in Romania had a total profit of around EUR4 million last year, down 10% compared with 2015.
Eurobank sold the two insurance companies last year to Canada’s Fairfax Financial Holdings Limited and OPG Commercial Holdings. Fairfax owns 80% plus one share in Eurolife and the remaining stake is owned by Eurobank.
Eurolife group entered the Romanian market ten years ago.