Profit and Loss Account - Income
for the period 1st January - 31st December 2009

HRK 20082009


Earned premiums 182,905,523 180,387,943

Premium reserve (27,457,949) 3,010,542

Income from investments 35,807,208 46,433,076

Income from commissions
and indemnity (taxations) 46,151,447 48,906,754

Other insurance-technical income 33,328,962 4,025,529

Other income 4,464,255 609,431

TOTAL INCOME 275,199,446 283,373,275

Profit and Loss Account - Expenses
for the period 1st January - 31st December 2009

HRK 20082009


Claims incurred 113,039,772 162,309,595

Change of technical reserves
for claims 13,837,278 10,196,379

Change of other technical reserves (1,662,214) 4,193,704

Premium returns (50,804) 28,901

Net operating expenses 62,908,355 64,256,722

Investments charges 31,395,506 974,350

Other expenses
(including value adjustment) 321,032 551,753

Other technical expenses 297,611 4,938,632

TOTAL EXPENSES 220,086,536 247,450,036

Profit and Loss Account - Profit
for the period 1st January - 31st December 2009

HRK 20082009


Profit before taxation 55,112,910 35,923,239

Tax on profit (11,506,086) (7,824,149)

PROFIT AFTER TAXATION 43,606,824 28,099,090

Balance Sheet - Assets
as at 31st December 2009

HRK 20082009


Intangible assets 193,680 316,169

Tangible assets 49,370,285 48,386,802

Investments 587,571,625 613,109,233

Technical reserves - Inwards RE 107,643,054 89,740,904

Receivables (Debtors) 86,770,029 85,336,701

Other assets - cash at banks and in hand 40,548,283 18,455,462

Deferred and current tax assets - 4,251,020

Prepayments 95,830 97,099

ASSETS - TOTAL 872,192,786 859,693,390

Balance Sheet - Liabilities
as at 31st December 2009

HRK 20082009


Paid-up capital 116,060,800 116,060,800

Revaluation reserves 20,208,401 18,378,703

Reserves 68,227,240 70,000,000

Profit brought forward 22,661,330 26,000,336

Profit for the financial year 43,606,824 28,099,090

Technical reserves - Gross 506,828,819 500,335,111

Other reserves 3,834,074 3,677,854

Deferred and current tax liability - 557,448

Other liabilities (creditors) 90,555,963 96,584,048

Deferred income 209,335 -

LIABILITIES - TOTAL 872,192,786 859,693,390