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The measures taken and the major efforts made by the whole Group are already generating promising results. In 2009, these are clear.
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In 2009, the greater share of results was generated in the Netherlands, specifically due to the cost-reduction programmes and the PZU settlement.
Following a dispute with the Polish state that lasted more than a decade, in 2009 Eureko finally reached settlement with the Polish state on PZU.
Gross written premiums increased slightly to €19.
In 2009, our capital base grew significantly (36%) and is now again over €10 billion.
Eureko’s investment portfolio increased €2.8 billion in 2009 to €39.1 billion.
Other activities consists mainly of the following: shared service centres, the Holding entities of Achmea Holding N.V. and Eureko B.V., and strategic shareholdings and participations.
In 2009, the settlement reached with the Polish state on the long-running PZU dispute had a positive impact on our solvency ratio and of €1,238 million on our profit before tax.
In line with Eureko’s de-risking strategy, we decided to reduce our interest in MillenniumBCP in Portugal from 9.95% to 2.52%.