In February 2019, GWPs rose 5.9% compared to last year. GWPs in non-life insurances grew 10.3% YoY, while life insurance decreased by 6.7% YoY.

In February 2019, GWP’s rose 5.9% compared to the same period last year. The total amount of GWPs collected reached HRK 1.84bn (includes insurers located in Croatia and insurers operating in Croatia but based in another EU country).

Total Croatian T12 GWP and Croatia Osiguranje T12 GWP (HRK bn)

The amount of GWPs in non-life insurances, which traditionally account for the biggest portion, grew 10.27% YoY, amounting to HRK 1.4bn. Meanwhile, life insurance observed a decrease of 6.7% YoY, reaching HRK 427.1m.

Croatia Osiguranje (together with Croatia Osiguranje Kredita) continues to account for roughly one third of the market, and the company’s market share decreased by 1.8 p.p. YoY and now amounts to 30%. Even though the company recorded a decrease in market share, their total GWP remained flat amounting to HRK 550m.  

Croatia Osiguranje T12 Market Share (%)

Note that the company’s 2018 net debt amounted to EUR 906.4m, which would translate into net debt/ adjusted EBITDA of 2.8x.

Digi Communications published a document in which they state that the Company’s €200m 5.0% Senior Secured Notes due 2023 will be consolidated and treated as a single class with €350m 5.0% Senior Secured Notes due 2023, which were issued by the Company in February 2019.

On 11 March 2019, the board of the Irish Stock Exchange approved the admission of the Additional Notes to listing on the Official List and trading on the Main Securities Market of the Irish Stock Exchange.

Note that the company’s 2018 net debt amounted to EUR 906.4m, which would translate into net debt/ adjusted EBITDA of 2.8x.

To read about Digi’s 2018 preliminary results click here.

The shareholders have decided not to approve the future development plan, as it does not contain enough details on investments and funds availability for the period.

Transgaz published a document in which they state that their shareholders have decided not to approve the 2018 – 2027 development plan, as it does not contain enough details on investments and funds availability for the period. The shareholders stated that it is necessary to be accompanied with information regarding investments ensuring the development of the transmission network on the territory of Romania, current infrastructure investments and the investments necessary for meeting the commitments to the European Commission (such as the achievement of the interconnection with the undertaken volumes and technical parameters), and the acceptability of the undertaken financial effort.

To read more about Transgaz’ 2018 preliminary results click here.