A.1. Description of the Company

Česká pojišťovna a.s. (”Česká pojišťovna” or “ČP” 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 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 Company established a branch in Poland. The branch was registered into the Polish Commercial Register on 23 August 2012. Economic data of the branch were, in accordance with the legislation of the Czech Republic, an integral part of the financial statements of the Company. Activities of the branch during the year were identical to those of the founder and are subject to a supervision of the Czech National Bank.

As part of Generali CEE 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.

 
CZI Holdings is an integral part of Generali CEE Holding B.V. a company fully owned by Assicurazioni Generali S.p.A. (“Generali”), which is ultimate parent company of the Company. The financial statements of Generali Group are publicly available on www.generali.com.

 
The Directors authorised the financial statements for issue on 14 March 2016.