WABERER'S INTERNATIONAL (3WB) Acquisition presentation summary

Acquisition overview

• Acquired a 66.925% stake in Hungarian Post Insurance and Hungarian Post Life Insurance, completed on 29 November 2024.

• Transaction executed by Gránit Insurance, a wholly owned subsidiary, using internal resources.

• Long-term sales cooperation agreement signed with Hungarian Post, leveraging its national branch network.

Strategic rationale and market positioning

• Diversifies insurance segment beyond vehicle and logistics, expanding into retail life and non-life products.

• Post Insurers' complementary portfolio and distribution channels support growth and risk management.

• Access to a significant retail customer base and expanded market share in key insurance sub-segments.

Financial and operational highlights

• Hungarian Post Insurance and Life Insurance had solvency ratios of 183% and 315% at end-2023, respectively.

• Combined, the two insurers have around 260 employees and offer a broad range of insurance products.

• 2023 pro forma EBIT for the new insurance segment reached EUR 32.9 million.