Royal Polska

"We signed an agreement on the purchase of 95% of its shares. For the remaining 5% we have a call option valid for three years," said the head of Grupa Compensa, Franz Fuchs. Royal Polska incurred losses of zł.30 million in 2002 and 2003 but managed to break even in 2004. It now holds 21st position among domestic life-insurance companies, four places below Compensa TUnŻ.