The Company's solvency and liquidity in great part depend on the amount of technical reserves.
The calculation of technical reserves is made in accordance with regulations, standards and empirical methods, and following the practice normally applied by professional reinsurers. We are aware that precisely and accurately calculated technical reserves ensure financial stability of the Company.
On 31 December 2010, the Company's net technical reserves stood at 398,087,240 HRK. Loss reserves account for more than 77% of this amount. Our technical reserves were evaluated and certified by our appointed actuary.

Net Technical Reserves (HRK)




77.56%308,748,644



Outstanding Loss Reserve

12.06%48,027,162



Unearned Premium

10.30%41,000,000



Equalisation Reserves

0.08%311,434



Premium Return Reserves

100%398,087,240



Total




Net Technical Reserves to Net Earned Premium




398,087,240 : 184,810,148

215.40%