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Income statement 2017

Name of the indicator  For the previous year For the reporting period
Earned premium, net 69257046 85384911
signed premiums, gross

446532057

414574434

premiums transferred to insurers 

-369506609

-324547227

change in the reserve of unearned premiums

36741546

-4077469

change in the share of reinsurers in the reserve of unearned premiums

-44509948

-564827

Net losses incurred-insurance 

-15687312

-20787725

paid losses total

-20116430

-27878709

share of reinsurers

7831247 4935692

change in loss reserves total

-5733489 505054

change in the share of reinsurers in loss reserves

2331359 1650238

Operating expenses - net

-51697078 -58812680
acquisition costs  -21093197 -27176085
Administrative expenses -40721919

-41778620

reinsurance commission and participation in profit 

6715056 9126495

deferred acquisition costs for direct insurance

6585470 2018632

deferred acquisition costs for outgoing insurance

-3182488 -1003101

Other income from insurance activities

250712 2533841

Other expenses for insurance activities

-202177 -474096

1. Technical result on insurance

1921191 7844251

Investment income

13395399 18700571
income from other investments 13395399 18481353

rental income

0 87508

Other investment income

0 131710
Expenses on investments

0

-22018
expenses related to investment management

0

0
markdown of financial investments 0 -22018

losses from investments

- -
5. Other non-operating income and expenses 2947625 508577
7. Income and expenses from exchange rate differences -10517404

-816370

8. Profit or loss of the reporting period before taxation 7746811 26215012
9. Income tax expense from activities

1260491

-3301422
Net profit or loss of the reporting year 6486321 22913590