Financial Statements

Profit and Loss Account


EUR 1,000

Group

2018

Group

2017

Parent Company

2018

Parent Company

2017

Note

Technical Account

     
 

Premiums written

     
  

Premiums written

164,142

166,687

164,142

166,687

1

  

Reinsurers’ share

-1,063

-960

-1,063

-960

 
   

163,079

165,728

163,079

165,728

 
 

Investment income

76,606

60,737

77,344

63,277

3, 4

 

Revaluations on investments

13,095

49,813

13,095

49,813

3, 4

 

Claims incurred

     
  

Claims paid

-95,519

-104,438

-95,519

-104,438

2

  

Reinsurers’ share

-32

219

-32

219

 
  

Change in the provision for outstanding claims

-2,340

-3,252

-2,340

-3,252

 
 

Claims incurred in total

-97,890

-107,471

-97,890

-107,471

 
 

Change in the provision for unearned premiums

     
  

Total change in the provision for unearned premiums

13,378

-96,099

13,378

-96,099

 
   

13,378

-96,099

13,378

-96,099

 
 

Net operating expenses

-14,826

-14,806

-14,826

-14,806

5

 

Investment charges

-83,501

-33,919

-83,157

-34,110

3, 4

 

Revaluation adjustments on investments

-46,665

-8,278

-46,665

-8,278

3, 4

 

Balance on technical account

23,276

15,704

24,358

18,054

 

Non-Technical Account

     
 

Other income

     
  

Income from investment services operations

1,488

4,751

   
  

Other

3

3

3

3

 
   

1,491

4,753

3

3

 
 

Other charges

     
  

Expenses from investment services operations

-1,384

-4,231

   
  

Depreciation on goodwill

-241

-241

-241

-241

 
  

Other

-

 

 

 

 
   

-1,624

-4,472

-241

-241

 

Profit on ordinary activities

23,143

15,986

24,120

17,816

 
 

Appropriations

     
  

Change in depreciation difference

  

-22

-17

 
 

Tax on profit

     
  

Tax for the financial year

-2,255

-3,042

-2,255

-3,042

 
  

Tax from previous periods

772

699

772

699

 
  

Deferred tax

199

199

   
   

-1,283

-2,145

-1,483

-2,344

 
 

Minority interests

6

1

   
        
 

Profit for the financial year

21,865

13,842

22,615

15,455