A.1. Description of the Group
Česká pojišťovna a.s. (”Česká pojišťovna” or “ČP” or “the Parent Company” or the “Company”) is a composite insurer offering a wide range of life and non-life insurance products and is domiciled in the Czech Republic. The Parent Company was incorporated on 1 May 1992, as a joint stock company and is the successor to the former state-owned insurance company Česká státní pojišťovna.
In 2012 the Parent Company established a branch in Poland. The branch was registered into the Polish Commercial Register on 23 August 2012. Activities of the branch were identical to those of the founder and are subject to supervision of the Czech National Bank.
As part of Generali CEE (“GCEE”) Group strategy aimed at simplification of governance structure and geographic and market priorities, supported by other regulatory topics such as an introduction of the Solvency II, the GCEE Group bodies decided to domesticate the Polish branch´s operations (operated under Proama brand) and to transfer the insurance portfolio and all related business activities of the branch into Poland. Owing to regulatory, operational, financial and capital management reasons, the sale was completed as at 31 December 2015 to other GCEE entity operating in Poland – Generali Towarzystwo Ubezpieczeń S.A. The branch is expected to close in 2016.
The consolidated financial statements of the Parent Company for the year ended 31 December 2015 (“the financial statements”) comprise the Parent Company and its subsidiaries (together referred to as “the Group”).
See Section B of these financial statements for a listing of significant Group entities and changes to the Group in 2014 and 2015.
Structure of Shareholders
The Parent Company’s sole shareholder is CZI Holdings N.V., registered office Diemerhof 32, 1112XN, Diemen, the Netherlands; registered on 6 December 2006, identification number 34245976.
CZI Holdings is an integral part of Generali CEE Holding B.V. (GCEE) a company owned by Assicurazioni Generali S.p.A. (“Generali”), which is the ultimate parent company of the Company. The financial statements of Generali Group are publicly available on www.generali.com.
Registered Office of Česká pojišťovna
Spálená 75/16113 04 Prague 1
Czech Republic
ID number: 45 27 29 56
The Board of Directors authorised the financial statements for issue on 22 April 2016.