The net technical result is the ratio of net premium and net expenditure for losses, and it amounted to 78.21%, or 38,367,348 HRK in 2010.
This is the result of the Company's good business policy continuously focused on maintaining a positive technical result.
The technical result as the ratio of gross premium and gross expenditure for losses stood at 48.57%.
The technical result of incoming business from abroad as the ratio of gross premium and gross expenditure for losses was 58.45%.
The combined technical result (expenditures as % of income) was 92.05%.

Pure technical result
(without technical reserves) (000 HRK)




Gross reinsurance premium 523,332
Premium paid to retrocession 347,255
Net premium 176,077



Gross paid losses 254,193
Losses collected from retrocession 116,484
Net losses 137,709



Net premium 176,077
Net losses 137,709
Net technical result 38,368



RATIO OF NET LOSSES
AND NET PREMIUM 78.21%






Combined technical result
(with technical reserves) (000 HRK)




Income
Gross reinsurance premium 523,332
Losses collected from retrocession 116,484
Total income 639,816



Expenditures
Gross paid losses 254,193
Premium paid to retrocession 347,255
Allocations to technical reserves -12,507
Total expenditures 588,941






Income639,816
Expenditures588,941




Combined technical result 50,875
Expenditures as % of income 92.05%