Amplico Life Insurance Company has operated since 1990 as first life insurance company in Poland with foreign capital. In 100 % belonging to ALICO (American Life Insurance Company). Amplico Life operates as an independent Polish company. The Company being under insurance supervisory regulations - The Polish Financial Supervision Authority (KNF) - fulfills all its requirements.
Amplico Life concentrates on the life insurance, life insurance with insurance equity fund, accident and illness insurance (as a supplement of life insurances). Amplico Life is one of BEST insurance companies in terms of market share and asset value.
It manages total assets of over PLN 8,3 billion. It runs and develops its activities in Lithuania and Latvia.
In hands of professionals
The overriding purpose of Amplico Life's business consists in securing utmost financial safety to Customers. We provide our Customers with constantly broadening offer and convenient prices. Amplico Life cooperates with qualified insurance agents and insurance intermediation companies. It is worth scheduling a meeting with our agent and taking advantage of professional assistance in planning financial future. (http://www.amplico.pl/zostanklientem.php)
Financial stability of Amplico Life grows
As a result of the excellent financial result reached by Amplico Life in 2008, as well as lower dividend paid to the shareholder Company noticed 30% increase in equity funds. Apart from that we have got the highest ratio of covering solvency margin by own funds, among TOP Life Insurance Companies. As of 31st December 2008 the ratio is 490%, which means it is nearly 5 times higher than required by the law. It proves financial stability of the Company, as well as the safety of Customer's capitals.
Steadily growing assets
Financial results of Amplico Life in 2008
| Amplico Life S.A.'s financial results | I-XII 2007 in PLN thous. |
I-XII 2008 in PLN thous. |
|---|---|---|
| Gross written premiums | 1 887 865 | 1 734 179 |
| Gross claims paid | 658 313 | 706 456 |
| Equity | 1 313 792 | 1 713 466 |
| Assets for insurance technical reserves covering | 6 343 184 | 6 334 941 |
| Gross insurance technical reserves | 6 178 169 | 6 038 361 |
| Insurance activity costs: | 508 333 | 619 580 |
| -acquisition costs | 419 493 | 521 776 |
| -administration costs | 103 517 | 110 473 |
| Gross financial result | 351 088 | 443 694 |
| Net financial result | 289 493 | 362 923 |
| ratio of covering solvency margin by own fund | 444% | 490% |
| Solvency margin | 268 537 | 309 443 |
Yearly financial results of the Company proves its stable development. The Company's on going great performance and growth of effectiveness was recognized by experts of the Institute of Economics of the Polish Academy of Sciences.
7 awards from Polish Academy of Sciences
Amplico Life was conferred a title of "Grand Pearl 2008" in the ranking "Pearls of Polish Economy" organized by Institute of Economics of the Polish Academy of Sciences. Title of "Grand Pearl 2008" is already the 7th award that Amplico Life received from experts of the Institute of Economics of the Polish Academy of Sciences.
Within the last 8 years was awarded by:
- "Wielka Perła Polskiej Gospodarki 2007"
- ''Wielka Perła Polskiej Gospodarki 2005"
- ''Wielka Finansowa Perła Polskiej Gospodarki 2003"
- ''Złoty Laur 2003"
- Orzeł ''Rzeczpospolita" 2002
- Orzeł ''Rzeczpospolita" 2001.
Amplico Life was also distinguished by the title "Business Superbrand Polska 2007", and Newsweek Polska weekly and A.T. Kearney found Amplico Life one of the most valuable companies in Poland.
Financial results in 2008 as well as title "Great Pearl of Polish Economy" serve to our Clients as a prove of:
- Consequent strategy
- Financial stability
- Economical use of resources
- Dynamics growth
- Reliability
- High effectiveness
- Solidity
