Consolidated income statement by segment as at 31 December 2011


 
     in EUR
      2011    
  TOTAL Non-life Life Health Other
NET PREMIUM INCOME 916,278,896 622,224,753 213,951,694 80,102,449 0
- gross written premium 989,398,804 695,184,863 214,024,239 80,189,702 0
- ceded written premium -80,087,864 -80,073,669 -14,195 0 0
- change in unearned premiums 6,967,956 7,113,559 -58,35 -87,253 0
TOTAL INCOME FROM FINANCIAL ASSETS 148,981,933 57,673,229 79,089,050 538,87 11,680,784
INCOME FROM FINANCIAL ASSETS IN ASSOCIATES 4,269,157 482 904,067 0 3,364,608
- profit on equity investments accounted for using the equity method 4,265,615 0 904,067 0 3,361,548
- drugi prihodki od finančnih sredstev v povezanih družbah 3,542 482 0 0 3,06
INCOME FROM OTHER FINANCIAL ASSETS 118,961,870 57,672,747 52,434,077 538,87 8,316,176
NET UNREALISED GAINS ON UNIT-LINKED LIFE INSURANCE ASSETS 25,750,906 0 25,750,906 0 0
OTHER INCOME FROM INSURANCE OPERATIONS 26,441,506 11,086,941 15,340,479 14,086 0
- fees and commission income 17,402,868 2,538,224 14,864,644 0 0
- other income from insurance operations 9,038,638 8,548,717 475,835 14,086 0
OTHER INCOME 57,156,897 4,784,876 232,321 36,224 52,103,476
NET CLAIMS INCURRED 576,117,033 366,936,881 139,655,048 69,525,104 0
- gross claims settled 593,872,215 390,913,095 140,482,689 62,476,431 0
- reinsurers’ and co-insurers’ share -22,450,576 -22,450,576 0 0 0
- changes in claims provisions -1,961,843 -1,525,638 -827,641 391,436 0
- equalisation scheme expenses for supplementary health insurance 6,657,237 0 0 6,657,237 0
CHANGE IN OTHER INSURANCE TECHNICAL PROVISIONS -2,909,572 -8,608,879 5,475,511 223,796 0
CHANGE IN INSURANCE TECHNICAL PROVISIONS FOR UNIT-LINKED INSURANCE CONTRACTS -11,402,162 0 -11,402,162 0 0
EXPENSES FOR BONUSES AND DISCOUNTS 6,458,995 6,457,203 1,792 0 0
OPERATING EXPENSES 203,308,320 163,016,584 33,696,548 6,595,188 0
- costs of insurance contract acquisition 130,633,390 109,739,851 19,736,401 1,157,138 0
- other operating costs 72,674,930 53,276,733 13,960,147 5,438,050 0
EXPENSES FROM FINANCIAL ASSETS AND LIABILITIES 202,010,429 77,700,867 117,623,920 87,969 6,597,673
EXPENSES FROM FINANCIAL ASSETS AND LIABILITIES IN ASSOCIATES 19,175,570 13,714,642 2,559,602 0 2,901,326
- loss on investments accounted for using the equity method 16,977,661 11,938,620 2,538,220 0 2,500,821
- other expenses from financial assets and liabilities in associates 2,197,909 1,776,022 21,382 0 400,505
EXPENSES FROM OTHER FINANCIAL ASSETS AND LIABILITIES 107,035,830 63,986,225 39,265,289 87,969 3,696,347
- permanent impairments 62,861,127 44,887,428 15,964,595 66,624 1,942,480
- other expenses from financial assets and liabilities 33,971,434 11,865,487 20,822,381 0 1,283,566
NET UNREALISED LOSSES ON UNIT-LINKED LIFE INSURANCE ASSETS 75,799,029 0 75,799,029 0 0
OTHER INSURANCE EXPENSES  55,953,030 39,675,068 15,920,559 357,403 0
OTHER EXPENSES 61,323,544 7,281,704 1,011,311 531,912 52,498,617
PROFIT/ LOSS BEFORE TAX 57,999,615 43,310,371 6,631,017 3,370,257 4,687,970
Income tax expense -10,502,374 -10,702,125 -1,256,829 63,168 1,393,412
NET PROFIT/LOSS 47,497,241 32,608,246 5,374,188 3,433,425 6,081,382
 
 
 
 
 
 
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