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Investor Presentaiton

Insurance sector The Czech insurance sector is dominated by the Generali Česká pojišťovna and VIG insurance groups. The remainder of the TOP 10 insurance companies is made up by composite insurance companies, while the rest is represented by bank- assurance and specialised insurance companies. As of 31 December 2021, 41 insurers (including foreign branches) and one reinsurance company offered insurance services to clients in the Czech Republic. Local shareholders controlled 12 insurance companies, whereas the rest had mostly foreign owners. Gross written premium of 2021 reached CZK 179.6 billion. Overall market profitability is approximately a 22% return on equity (three-year average/2019-2021) and the market manages approximately CZK 526 billion of assets. Typical products include both life and non-life insurance. The non-life insurance business is dominated by car insurance (compulsory motor third party liability insurance and casualty and collision (automobile insurance)) and commercial insurance. Supervision of the insurance market is performed by the CNB. 66
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