Income statement





in EUR

INCOME STATEMENT

Triglav Group

Zavarovalnica Triglav

2017

2016

2017

2016

Net premium income

891,197,369

849,594,001

522,057,353

509,765,204

– gross written premium

999,916,626

936,003,815

621,971,336

593,129,011

– ceded written premium

-97,550,733

-79,080,949

-93,522,581

-78,508,398

– change in unearned premiums

-11,168,524

-7,328,865

-6,391,402

-4,855,409

Income from financial assets

139,837,442

146,017,485

112,144,711

115,997,114

Income from financial assets in subsidiaries and associates

224,605

3,116,574

7,106,829

9,836,781

– profit on equity investments accounted for using the equity method

224,605

188,105

0

0

– interest income

0

0

845,981

857,579

– dividends

0

0

6,172,954

62,153

– fair value gains

0

0

0

0

– realised gains on disposals

0

2,928,469

83,290

8,911,599

– other financial income

0

0

4,604

5,450

Income from other financial assets

111,165,371

119,446,634

77,277,446

83,084,119

– interest income

63,990,562

68,835,574

44,655,685

48,356,136

– dividends

5,346,451

3,356,769

2,787,574

2,367,645

– fair value gains

8,172,265

7,813,764

2,767,288

1,708,114

– realised gains on disposals

29,790,480

33,979,089

25,370,295

29,252,705

– other financial income

3,865,613

5,461,438

1,696,604

1,399,519

Net unrealised gains on unitlinked life insurance assets

28,447,466

23,454,277

27,760,436

23,076,214

Other income from insurance operations

22,568,835

5,392,172

21,938,604

19,160,149

– fees and commission income

16,487,470

252,793

18,011,730

15,201,866

– other income from insurance operations

6,081,365

5,139,379

3,926,874

3,958,283

Other income

34,033,116

53,537,175

10,951,423

12,645,615

 



Net claims incurred

619,958,781

577,102,418

376,292,830

350,739,765

– gross claims settled

642,162,569

606,019,569

411,305,524

391,236,320

– reinsurers’ share

-24,573,610

-21,692,020

-24,624,035

-20,679,367

– changes in claims provisions

-3,915,964

-14,175,200

-10,388,659

-19,817,188

– equalisation scheme expenses for supplementary health insurance

6,285,786

6,950,069

0

0

Change in other insurance technical provisions

60,281,190

47,211,325

35,366,975

28,758,525

Change in insurance technical provisions for unit-linked insurance contracts

-8,250,712

776,648

-14,678,837

-7,469,473

Expenses for bonuses and discounts

9,342,891

11,331,630

8,073,088

9,108,703

Change in liabilities from financial contracts

0

0

0

0

Operating expenses

220,762,633

208,675,708

145,922,909

142,229,598

– acquisition costs

147,942,412

141,003,013

105,301,136

102,587,533

– other operating costs

72,820,221

67,672,695

40,621,773

39,642,065

Expenses from financial assets and liabilities

33,611,711

42,533,879

21,992,479

30,163,394

Expenses from financial assets and liabilities in subsidiaries and associates

3,126,853

3,174,191

4,435

551,754

– loss on investments accounted for using the equity method

1,981,853

247,812

0

0

– interest expense

0

0

0

0

– fair value losses

0

0

0

0

– realised loss on disposals

1,145,000

2,926,379

0

544,414

– loss on impairment of financial assets

0

0

0

0

– other expenses from financial assets and liabilities

0

0

4,435

7,340

Expenses from other financial assets and liabilities

30,173,975

37,853,884

21,845,151

28,252,856

– interest expense

1,631,023

1,314,505

1,549,066

1,383,064

– fair value losses

4,217,218

6,888,471

1,614,514

1,885,016

– realised loss on disposals

11,083,596

19,451,022

10,588,355

18,158,535

– loss on impairment of financial assets

335,255

3,197,025

200,000

3,097,058

– other expenses from financial assets and liabilities

12,906,883

7,002,861

7,893,216

3,729,183

Net unrealised losses on unit-linked life insurance assets

310,883

1,505,804

142,893

1,358,784

Other insurance expenses

26,855,289

17,038,345

6,980,751

8,476,079

Other expenses

40,629,897

54,732,790

13,319,580

12,143,689

 



Profit before tax

84,445,082

95,138,090

73,822,316

83,417,802

Income tax expense

14,737,130

12,806,316

11,300,366

8,084,200

NET PROFIT FOR THE ACCOUNTING PERIOD

69,707,952

82,331,774

62,521,950

75,333,602

Earnings per share (basic and diluted)

3,07

3,62

-

-

Net profit  attributable to the controlling company

69,256,560

81,935,753

-

-

Net profit attributable to non-controlling interest holders

451,391

396,021

-

-


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