GENERALI CEE is negotiating the acquisition of ADRIATIC Slovenica
ADRIATIC Slovenica, ranking third among the Slovene insurers, provides full suite of P&C, health, life and pension products with over 1.7 million insurance contracts and 500,000 customers. In 2017 it generated GWP of EUR 304 million holding a market share of nearly 15%. In 2017, the company's net profit amounted to about EUR 11.4 million, 4.2% less y-o-y. ADRIATIC Slovenica has an extensive and diversified distribution network, with a total of 373 points-of-sale in Slovenia.
Although the Italian group has not provided additional details, the Slovene financial press mentioned an estimated value of the deal of about EUR 150 million.