Interlife – Profit more than doubles in the 9 months of 2021

High increases in all its key financial figures were recorded in the first nine months of 2021 by the insurance company Interlife A.A.E.G.A.

More specifically, the registered premiums (production) increased by 9.7% compared to the corresponding period of 2020 and amounted to 55.56 million euros compared to 50.65 million euros in the first nine months of 2020.

Profits before taxes amounted to 13.22 million euros compared to 5.91 million euros in the corresponding period of 2020, showing an increase of 123.7%. Earnings before taxes and depreciation (EBITDA) amounted to 13.45 million euros compared to 6.15 million euros in the corresponding period 2020. The company has zero debt, so the profits before taxes coincide with EBIT.

The investment portfolio amounted to 247.83 million euros compared to 228.01 million euros on December 31, 2020 (increase of 8.7%). Inventories amounted to 138.04 million euros compared to 125.58 million euros on 31 December 2020 (an increase of 9.9%). Following this, after the distribution of a dividend of 2.22 million euros, the equity amounted to 117.63 million euros from 109.54 million euros on 31/12/2020 (increase of 7.4%). Finally, the total assets amounted to 270.89 million euros compared to 249.27 million euros on 31/12/2020.

The management of the company estimates that the positive pace will be maintained until the end of the year 2021. Impacts on the fundamental financial figures and the financial situation of the company due to the energy crisis and the spread of Covid-19 disease have not been found, according to a relevant information from Interlife.