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management report |
premium |
losses |
technical result |
guarantee fund |
technical reserves |
investments |
profit |
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When compared to the previous year, which saw the major impact of the economic downturn and the concomitant dramatic slump in the value of stocks and shares in investment funds, the financial market slightly recovered in 2009, leading us to an investment income of HRK 46,433,076, which is a 30% increase over year earlier. As insolvency spreads across the country in 2009, our activities were especially focused on the collection of receivables. We will be further guided by our prudent investment practices, taking into account all market, foreign exchange and credit risks, with the objective to disperse our portfolio in compliance with all legal restrictions. |
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