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Towarzystwo Ubezpieczen Euler Hermes S.A. (Poland)

Main Activities: Insurance Carriers
Full name: Towarzystwo Ubezpieczen Euler Hermes S.A. Profile Updated: September 02, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Polish Download a sample report

Towarzystwo Ubezpieczen Euler Hermes S.A., operating under the brand Allianz Trade since March 28, 2022, has been active in the Polish market since 1998. They were one of the first to introduce online financial risk management through their IT systems, including the Syntesys Program. Initially known as Hermes Serwis Ubezpieczeń Kredytowych Sp. z o. o., they operated as an agent of TU Euler Hermes S.A., providing their clients with financial potential and international standards. Since 2004, they have been operating independently as Towarzystwo Ubezpieczeń Euler Hermes S.A., holding a license issued by the Ministry of Finance of the Republic of Poland. Over the years, the credit insurance industry in Poland has significantly developed, and Euler Hermes has become a market leader by adapting their insurance products to the changing needs of Polish businesses. The company specializes in trade credit insurance, insurance guarantees, and embezzlement risk insurance.

Headquarters
Ul. Al. Aleje Jerozolimskie 98
Warsaw; Mazowieckie; Postal Code: 00-807

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Website: http://www.allianz-trade.pl

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
March 28, 2003
Key Executives
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President
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Management Board Member
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Management Board Member
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Management Board Member
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Supervisory Board Member
Ownership Details
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100%
Company Performance
Financial values in the chart are available after Towarzystwo Ubezpieczen Euler Hermes S.A. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency PLN. Absolute financial data is included in the purchased report.
Net insurance premium revenue
8.46%
Operating profit (EBIT)
48.82%
Net Profit (Loss) for the Period
61.61%
Total assets
14.76%
Investments
15.13%
Receivables
13.7%
Total equity
22.08%
Net Premiums Earned Trend
-6.01%
Net Profit Trend
N/A
Return on Equity (ROE)
2.53%
Loss Ratio
7.76%
Underwriting Expenses Ratio
8.98%

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