First again! For third year Bulstrad is a leader in the Bulgarian market.
For third successive year Bulstrad Plc is a leader in the Bulgarian insurance market and the only insurance company which generated gross premium income exceeding the margin of BGN 100 million.
The premium income of the Company reached BGN 102 million in 2003, which ensured its largest market share of 17,26% in the non-life insurance market
The claims paid by Bulstrad amounted to BGN 47 million and the retained reserves were BGN 66 million.
Notwithstanding the fact that since 2002 Bulstrad does not have the monopoly on Green Card insurance and premium income from this class of business fell by 34%, the Company maintained its leadership by increased sales of other insurance products. The motor insurance business went up by more than 26% and the premium income from cargo insurance more than doubled.