About ASTRA Asigurari

At the end of 2009, the company has registered a total subscribed gross premium volume of lei 809,471,525, registering a 25% increase compared to 2008 and a net accounting profit amounting to lei 6,206,843, registering a 68% increase compared to 2008.

Therefore, the gross premiums subscribed in 2009 by ASTRA Asigurari for general insurance to lei 799,517,436.

The gross premiums subscribed on the property segment have registered a 208% increase compared to the previous year. This has made ASTRA Asigurari come in first in the top insurers on this business segment and, therefore, in 2009, the company registered subscriptions of lei 135,517,721 compared to 44,020,957 in 2008.

On the auto insurance segment, ASTRA Asigurari has subscribed lei 286,303,602 lei for vehicle liability insurance, registering an 85% increase compared to the subscribed gross premium level performed in the previous year, which once again sets the company - an insurer with tradition on this segment - as a market leader. For Casco, ASTRA Asigurari has registered a subscribed gross premium level amounting to lei 294,220,500.

The marine insurance activity also held an important position in 2009, amounting to lei 11,744,866, registering a 13 % increase compared to 2008. The general insurance class, registering a 50% increase in 2009 was the aviation insurance segment (casco and civil liability), increasing from lei 22,898,445 in 2008 to lei 34,283,228 in 2009.

“The position of market leader for maritime and aviation hull liability insurance held by ASTRA Asigurari meant, in 2009, similar to 2008, the record term settlement and payment of substantial damages, the renewal of accounts held in the company's portfolio or the inclusion of new ones." declared Radu Mustatea, President of the Directorate in the ASTRA Asigurari management.

The life activity has also been subject to a dynamic evolution, with subscriptions amounting to lei 9,954,089 in 2009 compared to lei 7,279,908 in 2008. The 37% increase of the subscribed gross premiums resulted from the life activity is the direct result of the launch of new life and health products and of the consolidation of our department.

The damages paid by ASTRA Asigurari for non-life insurance have registered a 17% increase in 2009 and a total value of lei 328,167,179 compared to lei 280,560,691 in 2008, materialized in 69,169 compensated cases.

Objectives set for 2010

The company has set the objective to conclude the 2010 financial exercise with a profit of lei 11,785,000 and an income resulted from the subscribed gross premiums of lei 1,160,147,000, registering a 40% increase compared to 2009. Aside from the profit margin, the company's objectives are for it to continue to provide its clients with fast, competitive services consisting of efficient insurance products, for a fair price to its clients.

Some of the most important clients of ASTRA Asigurari include: TAROM - the national airline, BLUE AIR - the most important private airline, ROMAVIA - the airline of the Ministry of Defense, performing special flights for the Romanian Presidency and Government, Raiffeisen Bank, World Trade Center, Hotel Intercontinental Bucuresti, Romtelecom, CEC, Porsche Romania, “Henri Coanda” Otopeni International Airport, “Aurel Vlaicu” Baneasa International Airport, “Mihail Kogalniceanu” Constanta International Airport, Cluj Napoca International Airport, “George Enescu” Bacau International Airport, Regional Air Services, etc.

News:

On March 31st this year, in the Insurance Market Award Gala, ASTRA Asigurari was granted the “Insurer of the Year” Award on the general insurance segment. Based on the classification drawn up according to the subscribed gross premiums performed in 2009, the company has also received 24 county awards. For the successful implementation of the insurance policy electronic issuance system, ASTRA Award was also granted the Special Award for PROFESSIONALISM and PERFORMANCE.

Another award granted to ASTRA Asigurari for its achievements was “The most dynamic Insurer on the Agriculture segment in 2009”, granted by the FinMedia trust.

ASTRA Asigurari is currently the only company on the market whose sales force is fully provided with an innovative electronic issuance system. This brings mobility to its sales force, as well as direct advantages to the end-user benefiting from fast insurance services. 99.99% of the retail products sold today by the company are issued electronically. Aside from this innovation on the specialized market, the company has recently launched the real time subscription portal, www.astraonline.ro, that continues to be accessed more and more by its Internet user clients.

Press Office - mihaela.constantin@astrasig.ro