CONSOLIDATED INCOME STATEMENT

in EUR

2013

2012

NET PREMIUM INCOME

837,642,667

884,367,872

     - gross written premium

900,892,580

936,263,023

     - ceded written premium

-70,920,674

-74,983,245

     - change in unearned premiums

7,670,761

23,088,094

INCOME FROM FINANCIAL ASSETS

184,692,544

173,651,547

         INCOME FROM FINANCIAL ASSETS IN ASSOCIATES

63,423

5,754,725

         - profit on equity investments accounted for using the equity method

39,532

1,720,451

         - interest expense

0

0

         - fair value gains

0

0

         - realised gains on disposals

23,891

0

         - other financial income

0

4,034,274

         INCOME FROM OTHER FINANCIAL ASSETS

136,153,098

138,074,118

         - interest income

76,142,863

82,502,711

         - dividends

2,856,987

3,120,364

         - fair value gains

22,249,328

17,616,160

         - realised gains on disposals

28,643,036

29,270,460

         - other financial income

6,260,884

5,564,423

         NET UNREALISED GAINS ON UNITLINKED LIFE INSURANCE ASSETS

48,476,023

29,822,704

OTHER INCOME FROM INSURANCE OPERATIONS

7,910,551

20,702,957

     - fees and commission income

2,493,159

13,741,969

     - other income from insurance operations

5,417,392

6,960,988

OTHER INCOME

76,614,124

76,039,900

NET CLAIMS INCURRED

571,663,099

578,938,271

     - gross claims settled

627,508,334

613,765,178

     - reinsurers’ share

-35,840,696

-22,515,985

     - changes in claims provisions

-27,985,203

-19,720,565

     - equalisation scheme expenses for supplementary health insurance

7,980,664

7,409,643

CHANGE IN OTHER INSURANCE TECHNICAL PROVISIONS

2,651,409

-1,446,818

CHANGE IN INSURANCE TECHNICAL PROVISIONS FOR UNIT-LINKED INSURANCE CONTRACTS

17,906,261

52,882,779

EXPENSES FOR BONUSES AND DISCOUNTS

6,539,195

8,647,771

OPERATING EXPENSES

199,362,100

198,477,965

     - acquisition costs

128,032,778

127,960,690

     - other operating costs

71,329,322

70,517,275

EXPENSES FROM FINANCIAL ASSETS AND LIABILITIES

114,386,924

100,957,942

EXPENSES FROM FINANCIAL ASSETS AND LIABILITIES IN ASSOCIATES

1,417,909

2,104,247

     - loss on investments accounted for using the equity method

986,250

2,104,247

     - interest expense

0

0

     - fair value losses

0

0

     - realised loss on disposals

418,604

0

     - loss on impairment of financial assets

1

0

     - other expenses from financial assets and liabilities

13,054

0

EXPENSES FROM OTHER FINANCIAL ASSETS AND LIABILITIES

79,179,913

98,177,882

     - interest expense

3,394,926

3,576,326

     - fair value losses

23,209,947

18,768,643

     - realised loss on disposals

15,744,740

24,081,742

     - loss on impairment of financial assets

28,144,000

43,652,275

     - other expenses from financial assets and liabilities

8,686,300

8,098,896

NET UNREALISED LOSSES ON UNIT-LINKED LIFE INSURANCE ASSETS

33,789,102

675,813

OTHER INSURANCE EXPENSES

23,683,481

42,829,908

OTHER EXPENSES

87,026,356

83,803,046

PROFIT/ LOSS BEFORE TAX

83,641,061

89,671,412

Income tax expense

-13,790,058

-16,490,349

NET PROFIT / LOSS FOR THE ACCOUNTING PERIOD

69,851,003

73,181,063

Net profit / loss attributable to the controlling company

69,541,096

72,512,985

Net profit / loss attributable to non-controlling interest holders

309,906

668,078

This page uses cookies, so you can get a better user experience. You can read details about how they are used on this link. Do you agree with their use?