4. Consolidated Income Statements of Technical Account

4.1 Consolidated Income Statement for Life Insurance, Rent and Supplementary Pension Insurance

 

 

in EUR

 

 

2011

 2010

Index

I. PREMIUM EARNED

113,521,390

115,562,892

98

1. Gross premium earned

113,582,082

115,179,323

99

2. Change of unearned premium

-60,692

383,569

 

II. INCOME FROM INVESTMENTS

41,958,827

46,704,029

90

1. Income from dividends

254,432

261,211

97

1.1 Dividends from subsidiaries

0

0

 

1.2 Dividends from associated companies

0

0

 

1.3 Dividends from others

254,432

261,211

97

2. Income from other investments

37,543,604

38,058,997

99

2.1 Income from land and buildings

123,527

79,720

155

2.2 Interest income

32,378,254

32,270,387

100

2.3 Other income from investments

5,041,823

5,708,890

88

2.3.1 Financial income from revaluation

3,697,486

5,716,107

65

2.3.2 Other financial income

1,344,337

-7,217

 

3. Income from investment value adjustments

0

0

 

4. Gains from disposal of investments

4,160,791

8,383,821

50

III. OTHER INCOME FROM INSURANCE

611,354

734,387

83

IV. EXPENSES FROM CLAIMS

87,990,115

84,994,470

104

1. Claims expenses

88,818,318

85,248,464

104

2. Change in provisions from claims

-828,203

-253,994

326

V. CHANGE IN OTHER TECHNICAL PROVISIONS (+/-)

10,409,288

39,807,301

26

1. Change in mathematical provision (+/-)

10,409,288

39,807,301

26

1.1 Change in mathematical provisions without share in profit(+/-)

5,049,913

32,852,214

15

1.2 Change in mathematical provision from share in profit (+/-)

5,359,375

6,955,087

77

2. Change in other technical provisions(+/-)

0

0

 

VI. EXPENSES FOR BONUSES AND DISCOUNTS

1,792

736

243

VII. EXPENSES INCLUDED IN POLICIES

17,754,236

15,858,501

112

1. Entry fees

2,850,514

1,413,359

202

2. Incasso, administrative expenses

14,871,510

14,445,142

103

3. Costs of claims settlement

32,212

0

 

VII. a) NET OPERATING EXPENSES

16,022,804

14,916,233

107

1. Cost of contract aquisition

9,073,905

8,094,328

112

2. Change in deferred costs of contract aquisition (+/-)

0

0

 

3. Other operating expenses

6,997,447

6,847,099

102

3.1 Amortisation and depreciation of assets, needed for operations

266,590

450,591

59

3.2 Labour costs

3,427,991

3,241,218

106

- salaries

2,455,099

2,253,362

109

- costs of social and pension insurance

562,454

563,567

100

- other labour costs

410,438

424,289

97

3.3 Costs of services provided by outsourced netural persons other than
Sole Traders together with pertaining taxes

49,539

69,057

72

3.4 Other operating expenses

3,253,327

3,086,233

105

4. INCOME FROM REINSURANCE COMMISSIONS AND FROM PARTICIPATION IN THE POSITIVE TECHNICAL RESULT FROM REINSURANCE CONTRACTS (-)

-48,548

-25,194

193

VIII. INVESTMENT EXPENSES

27,372,058

8,510,291

322

1. Depreciation of assets, not neccessary for operations

36,961

22,657

163

2. Expenses for asset management, interest expenses and othe financial expenses

1,592,645

1,790,975

89

3. Financial expenses from revaluation

17,109,652

4,616,285

371

4. Losses from disposal of financial investments

8,632,800

2,080,374

415

IX. OTHER NET INSURANCE EXPENSES

1,221,023

1,193,379

102

X. Profit /Loss from life assurance (I. + II. + III. - IV. - V. - VI. - VII. - VIII. - IX.)

11,343,059

12,636,630

90

X.a) Profit /Loss from life assurance(I. + II. + III. - IV. - V. - VI. - VII.A - VIII. - IX.)

13,074,491

13,578,898

96

 
 
 
 
 
 
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