In 2010, the Company saw an 8.41% increase in its total premium income, achieved in an environment that could be described as fragmented. While coverage terms and conditions in the majority of reinsurance contracts were broadly well-balanced, premium rates in the primary insurance experienced a decline. The Company actively managed its portfolio and achieved its expected profitability goal.
We maintained a portfolio carrying a balanced risk exposure despite heavy pressures from competitors aimed at pushing prices down in some segments of business.
Of total premium income which amounted to 523,331,967 HRK, the Company's net earned premium stood at 184,810,148 HRK, 0.77% more than year earlier. The premium earned from our incoming business from abroad was 59,387,254 HRK, 11.35% of total premium and 32.13% of earned premium.

Gross Premium Income 2005 - 2010 (000 HRK)




2005 377,441

2006 457,614

2007 448,119

2008 482,240

2009 482,732

2010 523,332



Net Earned Premium 2005 - 2010 (000 HRK)




2005 133,600

2006 167,107

2007 165,147

2008 155,447

2009 183,398

2010 184,810