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SiCRED GROUP PUBLISHES ANNUAL REPORT 2013

SiCRED GROUP PUBLISHES ANNUAL REPORT 2013
The year 2013 was a year of stability for our company, as we managed to achieve our objectives by preserving almost the same position as during 2012.
By the end of 2013, the number of insured individuals of SiCRED sh.a. insurance company, reached more than 47 thousand clients. The total assets by the end of 2013 amouned at 1,08 billion ALL. The gross written premiums of SiCRED sh.a., reached about 221 million ALL, whereas the paid claims were above 22 million ALL. The other two companies of SiCRED group were also successful during 2013. such, the net asset value of “SiCRED Pensions” fund, managed by the Pension Fund Management Company SiCRED sh.a, increased by 66.70% compared to 2012, with an investment return of 6.32%. The total number of clients by the end of 2013 was 1,836 versus 1,723 that were counted in the end of 2012.
The year 2013 was the first year of activity for SiCRED Assistance sh.p.k., a company that provides advisory and consultancy services. During the year, the company established several consultancy agreements with private employers, and provided services to 700 employees. Our business philosophy remains oriented towards the establishment and conservation of long- term business relationships, and we take this opportunity to thank our clients, partners and collaborators, that bestowed their trust upon us for many years now, as we would not be here today without their continuous support. We would also like to thank the first-time clients that have chosen to trust SiCRED in 2013, and we hope that we have been able to meet their expectations.
In the future we promise to establish stronger bonds with all our clients, by continuously improving our products and through our tireless efforts for introducing new products.

Download Annual Report 2013 (link: Annual Report 2013)
(December 29, 2014)

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