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German Romanian Assurance SA (Romania)

Main Activities: Insurance Carriers | Direct Insurance (except Life, Health, and Medical) Carriers
Full name: German Romanian Assurance SA Profile Updated: November 19, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

GERMAN ROMANIAN ASSURANCE S.A. - GERROMA is a Romanian-German insurance company with fully private capital. It was established in 1995 as a limited liability company and began its operations in the first semester of 1996, later transforming into a joint-stock company. The company is headquartered in Bucharest and operates throughout the country, both through its own agencies and in collaboration with over 1300 insurance intermediaries and brokers. Throughout its activity, the company has consistently carried out profitable and balanced operations, maintaining high levels of financial security indicators. It supports the increasingly demanding insurance needs of clients, transport and tourism operators, and others, constantly focusing on diversifying its portfolio of insurance products. The company's specialists respond professionally and promptly to the most demanding requests regarding the offered insurance products.

Headquarters
Strada Emil Garleanu Nr. 11
Bucharest; Bucharest; Postal Code: 031142

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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:
August 22, 1995
Key Executives
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Director
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Administrator
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Administrator
Ownership Details
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69.9565%
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19.0835%
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7.265%
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3.481%
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0.1545%
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency RON. Absolute financial data is included in the purchased report.
Net insurance premium revenue
-4.65%
Operating profit (EBIT)
95.72%
Net Profit (Loss) for the Period
95.72%
Total assets
2.03%
Investments
26.88%
Receivables
2.19%
Total equity
2.17%
Net Premiums Earned Trend
16.86%
Net Profit Trend
491.41%
Return on Equity (ROE)
5.69%
Loss Ratio
0.66%
Underwriting Expenses Ratio
13.42%

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