Financial results for Q1/2011

ASTRA Asigurari - net accounting profit amounting to lei 3,862,169 and a 1.49% subscription increase in the 1st quarter of 2011, compared to the same period of 2010

Financial results for Q1/2011

• Net profit as of March 31st, 2011: lei 3,862,169;

• Increase of the subscribed gross premium volume by 1.49% compared to the 1st quarter of 2010;

The volume of the total subscribed gross premiums (life and non-life) registered by ASTRA Asigurari as of March 31st, 2011 amounted to lei 334,743,583, of which lei 331,958,501 is the subscribed gross premiums volume for general insurance policies, registering a 1.49% increase compared to March 31st, 2010.

According to classes, on March 31st, 2011, ASTRA Asigurari has subscribed:

- lei 225,239,776 on the Auto segment (share: 67% in the portfolio) of which lei 178,811,188 for Vehicle liability insurance (share: 53% in the portfolio) and Casco - lei 46,416,980;

- important growths were also registered for building and asset insurance policies, registering subscribed gross premiums amounting to lei 90,468,267. It implies a 43% increase compared to Q1/2010 (lei 63,228,212);

- civil liability insurance policies with subscribed gross premiums amounting to lei 4,848,410, registering a 12% increase compared to the similar period of the previous year, respectively lei 4,331,295.

The company has maintained its status as a leader on the hull and aviation insurance policy market. “This year we will focus on the development of our operations outside of Romania and on the consolidation of our position as leaders of the Romanian insurance market” declares Radu Mustatea, President of the ASTRA Asigurari Directorate.

At the same time, health insurance subscriptions have increased by 50% in the first quarter of 2011, compared to the same period in 2010, up to lei 1,066,264, from lei 709,016.

Moreover, life insurance policies have increased by 2% in the first quarter of 2011, compared to March 31st, 2010, and the registered subscribed gross premiums amounted to lei 2,785,082. Important increases have also been registered for the following products: Tezaur with subscribed gross premiums amounting to lei 540,809 (a 135% increase) and Viitor with subscribed gross premiums amounting to lei 355,724, registering a 18% increase compared to the similar period of the previous year.

During the first three months of this year, Astra Asigurari has settled claims amounting to lei 105,271,480 (28,395 settled files) on the Vehicle liability insurance segment, registering a 87% increase compared to the same period of the previous year (lei 56,288,215 - 14.221 settled files). During the first three months of 2011, the claims settled on the CASCO segment amounted to lei 54,703,532 (14,240 settled files), registering a 50% increase compared to the same period of the previous year, respectively lei 36,446,877 (7,986 settled files).

About ASTRA Asigurari

ASTRA Asigurari, the leader of the Romanian insurance market, has concluded 2010 with a total subscribed gross premiums volume amounting to lei 1,083,209,476, registering a 34% increase compared to 2009, in accordance with the preliminary results.

Financial results for January-December 2010:

• The increase of the net accounting profit by 308% compared to 2009, from lei 6,206,843 to lei 25,325,856;

• The increase of the subscribed gross premium volume by 34%, up to lei 1,083,209,476

The damages paid by Astra Asigurari, in 2010, have registered an increase by 61% compared to 2009, from lei 328,167,178 to lei 526,883,477.

The company entered the Hungarian market in the fall of 2010, opening the ASTRA BIZTOSITO branch in Budapest, where it will begin my subscribing on the following segments: vehicle liability insurance, property and Casco. The company has adapted the online sales portal www.astraonline.ro to the neighboring market, creating www.astraonline.hu.

Astra Asigurari

Press Office

For more information, please contact:

Gianina Ungureanu Iovanel

gianina.iovanel@astrasig.ro