2021 is the fourth consecutive year for which PAID proposes the granting of dividends to its shareholders. For 2021, dividends were estimated at RON11.6 million. To date, dividends worth RON24.8 million have been granted, for financial years 2018-2020“, in line with PAID report for 2021.
Company representatives said in the report that PAID is in process of consolidating its shareholding structure, adding it is currently offering support in the process of selling shares belonging to shareholders undergoing bankruptcy proceedings.
PAID ended 2021 with a volume of underwritten gross premiums of RON174 million, 4.2% more than in 2020, with a market share on the general insurance segment of 1.5%. the company places tenth in a ranking of the largest general insurance companies in 2021.
PAID is a privately-held insurance-reinsurance company established through the association of insurance companies in order to conclude mandatory home insurance policies under the provisions of Law no. 260/2008.
PAID administers the mandatory home insurance system, which covers three basic risks specific to Romania, namely, earthquakes, floods and landslides.