Eurovita S.p.A.

Based in Milan, Italy, Eurovita S. p. A. specializes in providing life insurance and savings plans aimed at enhancing financial security and stability for its clients.

Founded in 1989, Eurovita S. p. A. operates primarily in the life insurance sector, offering a range of financial products.

Recently, the company transitioned its client portfolio to Cronos Vita Assicurazioni S. p. A. due to financial difficulties.

The latest funding round was a Recapitalisation, in which EUR 100. 000 mn was raised, totaling EUR 100. 000 mn raised across four deals. The investment was led by Cinven.

Eurovita S. p. A. focuses on providing a variety of life insurance and savings plans through its subsidiary, Cronos Vita Assicurazioni S.

p. A. These products are designed to cater to the financial security needs of individuals and families, covering long-term financial planning and risk management. The client base includes diverse individuals seeking reliable insurance solutions primarily within Italy and potentially in the wider European market.

In 2016, Eurovita S. p. A. reported a revenue of EUR 1,395,162,149.

1 with an EBITDA of EUR 32,221,686. 6, generated from the issuance of insurance policies and management of client funds. Eurovita S. p.

A. plans to expand its product offerings with new insurance solutions tailored for diverse customer needs. The company is targeting expansion into broader European markets by the end of 2024. The recent funding of EUR 100.

000 mn will be utilized to support these initiatives, enhancing product development and market penetration, while also exploring strategic partnerships with financial institutions.