Income statement





in EUR

INCOME STATEMENT

Triglav Group

Zavarovalnica Triglav

2016

2015

2016

2015

Net premium income

849,594,001

839,167,224

509,765,204

517,040,236

– gross written premium

936,003,815

919,116,265

593,129,011

586,260,945

– ceded written premium

-79,080,949

-77,045,634

-78,508,398

-72,460,618

– change in unearned premiums

-7,328,865

-2,903,407

-4,855,409

3,239,909

Income from financial assets

146,017,485

300,908,574

115,997,114

274,883,169

Income from financial assets in subsidiaries and associates

3,116,574

5,454,600

9,836,781

31,688,139

– profit on equity investments accounted for using the equity method

188,105

1,024,797

0

0

– interest income

0

0

857,579

1,985,141

– dividends

0

0

62,153

29,318,186

– fair value gains

0

0

0

0

– realised gains on disposals

2,928,469

4,429,803

8,911,599

376,413

– other financial income

0

0

5,450

8,399

Income from other financial assets

119,446,634

202,577,180

83,084,119

151,322,413

– interest income

68,835,574

71,242,548

48,356,136

48,917,584

– dividends

3,356,769

3,218,520

2,367,645

2,484,054

– fair value gains

7,813,764

39,290,809

1,708,114

26,253,436

– realised gains on disposals

33,979,089

77,477,505

29,252,705

68,541,989

– other financial income

5,461,438

11,347,798

1,399,519

5,125,350

Net unrealised gains on unitlinked life insurance assets

23,454,277

92,876,794

23,076,214

91,872,617

Other income from insurance operations

5,392,172

7,430,958

19,160,149

17,683,831

– fees and commission income

252,793

2,494,636

15,201,866

12,996,626

– other income from insurance operations

5,139,379

4,936,322

3,958,283

4,687,205

Other income

53,537,175

77,260,256

12,645,615

9,258,952

 


 

Net claims incurred

577,102,418

570,343,294

350,739,765

349,598,310

– gross claims settled

606,019,569

594,840,516

391,236,320

390,567,557

– reinsurers’ share

-21,692,020

-23,535,397

-20,679,367

-24,918,956

– changes in claims provisions

-14,175,200

-8,430,995

-19,817,188

-16,050,291

– equalisation scheme expenses for supplementary health insurance

6,950,069

7,469,170

0

0

Change in other insurance technical provisions

47,211,325

60,340,392

28,758,525

39,257,225

Change in insurance technical provisions for unit-linked insurance contracts

776,648

-1,882,145

-7,469,473

-4,032,292

Expenses for bonuses and discounts

11,331,630

10,202,959

9,108,703

8,265,040

Change in liabilities from financial contracts

0

0

0

0

Operating expenses

208,675,708

201,796,133

142,229,598

137,861,969

– acquisition costs

141,003,013

136,158,419

102,587,533

99,608,988

– other operating costs

67,672,695

65,637,714

39,642,065

38,252,981

Expenses from financial assets and liabilities   

42,533,879

180,367,256

30,163,394

200,067,115

Expenses from financial assets and liabilities in subsidiaries and associates

3,174,191

1,160,415

551,754

47,292,586

– loss on investments accounted for using the equity method

247,812

295,258

0

0

– interest expense

0

0

0

0

– fair value losses

0

0

0

0

– realised loss on disposals

2,926,379

865,153

544,414

882,000

– loss on impairment of financial assets

0

4

0

46,351,490

– other expenses from financial assets and liabilities

0

0

7,340

59,096

Expenses from other financial assets and liabilities

37,853,884

95,773,879

28,252,856

69,341,567

– interest expense

1,314,505

2,177,446

1,383,064

1,900,242

– fair value losses

6,888,471

49,537,301

1,885,016

34,068,361

– realised loss on disposals

19,451,022

21,803,897

18,158,535

20,502,755

– loss on impairment of financial assets

3,197,025

3,827,445

3,097,058

231,310

– other expenses from financial assets and liabilities

7,002,861

18,427,790

3,729,183

12,638,899

Net unrealised losses on unit-linked life insurance assets

1,505,804

83,432,962

1,358,784

83,432,962

Other insurance expenses

17,038,345

18,212,146

8,476,079

7,835,999

Other expenses

54,732,790

82,909,300

12,143,689

11,579,325

 


 

Profit before tax

95,138,090

102,477,677

83,417,802

68,433,497

Income tax expense

12,806,316

13,616,483

8,084,200

9,927,679

NET PROFIT FOR THE ACCOUNTING PERIOD

82,331,774

88,861,194

75,333,602

58,505,818

Earnings per share (basic and diluted)

3.62

3.91

-

-

Net profit  attributable to the controlling company

81,935,753

88,825,435

-

-

Net profit attributable to non-controlling interest holders

396,021

35,759

-

-

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