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Financials
Financial Results
Result of Operations (2003-2006)
Major Indicators |
31.12.2003 |
31.12.2004 |
31.12.2005 |
31.12.2006 |
| Gross premium | 11,128,137 | 12,447,517 | 18,229,371 | 22,136,638 |
| Gross paid losses | 6,289,418 | 8,954,273 | 10,996,888 | 11,903,315 |
| Net paid losses | 4,209,091 | 6,543,500 | 7,146,357 | 7,296,323 |
| Change of outstanding losses | 553,461 | 96,429 | 695,167 | 331,174 |
| Change of unearned premium reserve | 1,922,411 | -102,428 | 559,079 | 619,343 |
| Administration expenses | 1,087,279 | 1,414,764 | 1,968,565 | 2,465,795 |
| Investment Revenue | 183,600 | 777,368 | 679,306 | 601,051 |
| Major Ratios: | ||||
| Technical Loss ratio | 77.38% | 69.12% | 67.01% | 63.88% |
| Administration expense ratio | 12.59% | 14.96% | 15.70% | 19.10% |
| Net Profit | 450,376 | 1,440,497 | 2,009,271 | 1,878,259 |
Result of Operations (2007-2009)
Major Indicators |
31.12.2007 |
31.12.2008 |
31.12.2009 |
| Gross premium | 25,824,460 | 32,221,120 | 44,588,661 |
| Gross paid losses | 14,044,665 | 16,086,098 | 26,972,853 |
| Net paid losses | 8,721,254 | 8,588,375 | 12,874,493 |
| Change of outstanding losses | 322,390 | 935,818 | 1,184,514 |
| Change of unearned premium reserve | 693,462 | 1,197,191 | 1,549,202 |
| Administration expenses | 3,111,163 | 3,633,895 | 4,770,994 |
| Investment Revenue | 891,142 | 1,086,432 | 872,712 |
| Major Ratios: | |||
| Technical Loss ratio | 65.02% | 58,42% | 36.83% |
| Administration expense ratio | 20.69% | 19.80% | 19.23% |
| Net Profit | 1,948,419 | 2,000,619 | 2,265,073 |
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