Together with our technical reserves, our guarantee fund represents the strength and stability of our Company.
Paid up capital, the biggest constituent of our guarantee fund, remained unchanged. The Company's capital without current year profit totals 244,712,346 HRK, a 6.19% increase over 2009. Our guarantee fund including current year profit reached a high of 276,862,041 HRK. It is highly important in our business strategy to maintain a sufficient level of capital, especially in view of the stringent legal regulations currently in force and in anticipation of even more stringent and demanding capital adequacy requirements in near future.

Guarantee fund (HRK)




116,060,800



Paid up capital

22,902,562



Revaluation reserves

72,500,000



Free reserves

33,248,984



Undistributed profit previous years

32,149,695



Net profit 2010

276,862,041



Guarantee fund




Ratio of guarantee fund
and net earned premium




149.81%





276,862,041





Guarantee fund

184,810,148





Net earned premium