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 Company established a branch in Poland. 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. Following a decision to domesticate the Polish branch’s operations, the insurance portfolio and all related business activities of the branch were sold to another GCEE entity operating in Poland GENERALI TOWARZYSTWO UBEZPIECZEŃ S.A. The sale was completed as at 31 December 2015.

The consolidated financial statements of the Parent Company for the year ended 31 December 2016 (“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 2015 and 2016.

 
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.

 
The Board of Directors authorised the financial statements for issue on 24 April 2017.