Technical Account
as at 31st December 2007

HRK 20062007


Earned premiums 161,225,190 167,026,775

Premium reserve 5,882,089 (1,879,507)

Allocated investments 9,019,791 20,524,745

Other technical income 3,806,385 3,625,843

Claims incurred (116,256,601) (115,421,718)

Change of other
technical reserves (2,827,508) (865,129)

Premium return expenses (8,620) (21,769)

Net operating expensesi (15,202,485) (13,906,357)

BALANCE OF THE
TECHNICAL ACCOUNT 45,638,241 59,082,883

Non-technical Account
as at 31st December 2007

HRK 20062007


Balance of the technical account 45,638,241 59,082,883

Income from investments 32,069,189 59,147,393

Investment charges (16,695,418) (23,296,310)

Return to the technical account (9,019,791) (20,524,745)

Tax on profit (10,830,374) (17,735,138)

PROFIT AFTER TAXATION 41,161,847 56,674,083

Balance Sheet - Assets
as at 31st December 2007

HRK 20062007


Intangible assets 265.788 146.540

Land and buildings 35.156.503 57.931.080

Shares in
affiliated undertakings 25.162.594 34.877.651

Financial investments 485.644.427 522.738.873

Debtors 62.551.589 88.964.916

Stocks 2.333.211 1.893.543

Cash at bank and in hand 17.501.774 14.602.589

Prepayments 89.987 143.833

TOTAL 628.705.873 721.299.025

Balance Sheet - Liabilities
as at 31st December 2007

HRK 20062007


Paid-up capital 116.060.800 116.060.800

Revaluation reserves 2.527.027 26.027.120

Free reserves 63.227.240 63.227.240

Profit brought forward 17.634.783 19.393.536

Profit for the financial year 41.161.847 56.674.083

Unearned premium 30.433.692 32.313.200

Outstanding loss reserves 284.714.454 302.093.022

Return of premiums 197.280 219.049

Catastrophic loss reserves 24.113.155 24.978.285

Other provisions 1.503.794 2.081.129

Creditors - reinsurance operation 41.909.440 66.267.413

Other creditors 4.857.609 11.674.294

Deferred income 364.752 289.854

TOTAL 628.705.873 721.299.025