ERGO's total premium production in Greece, for 2011 reached EUR 147 million, showing a 3.1% raise in comparison with 2010. IFRS before tax profits were at EUR 8.92 million after the impairment of corporative investment that was conducted by the firm in the year 2011. All in all, 2011 was a landmark year for ERGO HELLAS, followed by the brand's name change and new corporate values adopted.

In spite the Greek crisis ERGO has moved upwards confirming its strong presence inside the Greek insurance market, concludes a recent report issued by the company with regard to the 2011 financial results.

Beside the positive change in premium production, ERGO's technical reserves also grew in 2011, up to EUR 253 million, so that the company is ranking now among the Greek insurers with the highest level of technical reserves.

The companies own funds, an important indicator for its reliability, at this stage surpassed the amount of EUR 70 million. Lastly, the amount of active policies reached 400.000, noting a remarkable increase, while in the same time the company proceeded in the recruitment of new stuff, increasing its human workforce in a time where the country is devastated with unemployment.

General Manager of ERGO HELLAS, Theodoros KOKKALAS stated: "The past year we reassured and increased our premium production, while in the same time recession and economical crisis hit strongly portfolios and results of the entire insurance market. Therefore I feel justifiably happy and proud that for another year I can make an account with positive results, but mostly an account that establish us the belief for an even better tomorrow".