Income statement







in EUR

Triglav Group

Zavarovalnica Triglav

2015

2014

2015

2014

Net premium income

839,167,224

819,864,481

517,040,236

529,727,190

- gross written premium

919,116,265

888,246,603

586,260,945

592,619,451

- ceded written premium

-77,045,634

-73,316,563

-72,460,618

-67,287,154

- change in unearned premiums

-2,903,407

4,934,441

3,239,909

4,394,893

Income from financial assets

300,908,574

236,378,245

274,883,169

212,013,745

Income from financial assets in subsidiaries and associates

5,454,600

147,755

31,688,139

2,441,318

- profit on equity investments accounted for using the equity method

1,024,797

147,755

0

0

- interest income

0

0

1,985,141

2,193,168

- dividends

0

0

29,318,186

239,834

- fair value gains

0

0

0

0

- realised gains on disposals

4,429,803

0

376,413

0

- other financial income

0

0

8,399

8,317

Income from other financial assets

202,577,180

172,738,610

151,322,413

146,293,090

- interest income

71,242,548

73,244,445

48,917,584

58,371,048

- dividends

3,218,520

4,843,275

2,484,054

3,544,526

- fair value gains

39,290,809

26,799,233

26,253,436

26,454,746

- realised gains on disposals

77,477,505

60,089,485

68,541,989

54,194,732

- other financial income

11,347,798

7,762,172

5,125,350

3,728,038

Net unrealised gains on unitlinked life insurance assets

92,876,794

63,491,880

91,872,617

63,279,337

Other income from insurance operations

7,430,958

8,744,516

17,683,831

16,878,496

- fees and commission income

2,494,636

4,110,851

12,996,626

12,557,361

- other income from insurance operations

4,936,322

4,633,665

4,687,205

4,321,135

Other income

77,260,256

84,197,373

9,258,952

10,639,169

 

 

 

 

Net claims incurred

570,343,294

594,726,608

349,598,310

392,038,267

- gross claims settled

594,840,516

615,722,529

390,567,557

421,121,575

- reinsurers’ share

-23,535,397

-20,330,306

-24,918,956

-20,710,778

- changes in claims provisions

-8,430,995

-8,443,475

-16,050,291

-8,372,531

- equalisation scheme expenses for supplementary health insurance

7,469,170

7,777,860

0

0

Change in other insurance technical provisions

60,340,392

59,648,824

39,257,225

58,391,620

Change in insurance technical provisions for unit-linked insurance contracts

-1,882,145

23,841,561

-4,032,292

22,619,358

Expenses for bonuses and discounts

10,202,959

10,219,321

8,265,040

8,632,089

Change in liabilities from financial contracts

0

0

0

0

Operating expenses

201,796,133

199,423,503

137,861,969

138,439,417

- acquisition costs

136,158,419

135,886,064

99,608,988

99,854,627

- other operating costs

65,637,714

63,537,439

38,252,981

38,584,790

Expenses from financial assets and liabilities   

180,367,256

60,278,747

200,067,115

69,149,319

Expenses from financial assets and liabilities in subsidiaries and associates

1,160,415

70,574

47,292,586

22,048,541

- loss on investments accounted for using the equity method

295,258

70,574

0

0

- interest expense

0

0

0

0

- fair value losses

0

0

0

0

- realised loss on disposals

865,153

0

882,000

1,503,668

- loss on impairment of financial assets

4

0

46,351,490

20,524,904

- other expenses from financial assets and liabilities

0

0

59,096

19,968

Expenses from other financial assets and liabilities

95,773,879

40,689,456

69,341,567

27,582,062

- interest expense

2,177,446

2,948,802

1,900,242

2,280,291

- fair value losses

49,537,301

12,897,286

34,068,361

10,723,661

- realised loss on disposals

21,803,897

9,930,193

20,502,755

8,433,700

- loss on impairment of financial assets

3,827,445

6,341,300

231,310

38,459

- other expenses from financial assets and liabilities

18,427,790

8,571,875

12,638,899

6,105,951

Net unrealised losses on unit-linked life insurance assets

83,432,962

19,518,717

83,432,962

19,518,717

Other insurance expenses

18,212,146

20,349,159

7,835,999

11,997,644

Other expenses

82,909,300

80,285,864

11,579,325

10,494,816

 

 

 

 

Profit before tax

102,477,677

100,411,028

68,433,497

57,496,069

Income tax expense

13,616,483

14,728,560

9,927,679

11,883,488

NET PROFIT FOR THE ACCOUNTING PERIOD

88,861,194

85,682,468

58,505,818

45,612,581

Earnings per share (basic and diluted)

3.91

3.77



Net profit  attributable to the controlling company

88,825,435

85,388,016

 

 

Net profit attributable to non-controlling interest holders

35,759

294,452