Report on the scope and content of the insurance operations for the period

Transcription

1 Report on the scope and content of the insurance operations for the period

2 Remark: The data is obtained from the insurance undertakings through regularly reporting according to the article 104 from the Insurance Supervision Law ( Official Gazette no. 27/02, 84/02, 98/02, 33/04, 88/05, 79/07, 8/08, 88/08, 56/09, 67/10 and 44/11) and the Insurance Supervision Agency doesn t have responsibility for their correctness. Exchange rate on : 1eur = mkd

3 Contents: 1. Gross written premium (insurance undertakings; classes of insurance) 2. Structure of the gross written premium (insurance undertakings; classes of insurance) 3. Gross written premium and distribution (insurance undertakings) 4. Gross written premium and distribution (classes of insurance) 5. Number of contracts (insurance undertakings; classes of insurance) 6. Gross claims settled (insurance undertakings; classes of insurance) 7. Number of claims settled (insurance undertakings; classes of insurance) 8. Claims structure (insurance undertakings) 9. Expenses (insurance undertakings) 10. Structure of the shareholder s capital (insurance undertakings) 11. Technical provisions (insurance undertakings) 12. Capital and Solvency Margin (insurance undertakings) 13. Statistical data for non- life (insurance undertakings) 14. Balance Sheet for the non- life (insurance undertakings) 15. Balance Sheet for the life (insurance undertakings) 16. Profit and loss account for the non- life (insurance undertakings) 17. Profit and loss account for the life (insurance undertakings)

4 Table 1. Gross Written Premium mkd No. Class of Insurnace non-life Makedonija Triglav Sava Evroins Eurolink Winner Insig Uniqa Insur. Policy Albsig Croatia Total non-life Accident Health Motor vehicles (casco) Aircrafts (casco) Vessels (casco) Cargo Property, fire and nat.forces Property, other MTPL (total) Aircraft's liability Vessel's liability General liability Suretyship Financial losses Legal expenses Tourists assistance Total life life Class of Insurance Croatia Grawe Winner Uniqa Makedonija Total Total: Life assurance Total % 14% 12% 10% 8% 6% 4% 2% 0% Makedonija; 9,7% Triglav; 15,0% Sava; 9,4% Evroins; 6,3% Eurolink; 10,9% Winner; 9,4% Uniqa; 8,9% Insig; 2,5% Insur. Policy; 8,1% Croatia n; 4,9% Croatia life; 4,4% Albsig; 4,7% Market concentration Winner life; 0,7% Grawe; 4,4% Uniqa life; 0,6% Makedonija life; 0,1%

5 100% 90% 2,0% 0,3% Graph 1. Structure of Gross Written Premium for the period ,4% 3,2% 2,8% 2,4% 1,4% 2,5% 2,2% 2,5% 1,5% 1,5% 2,6% 2,4% 4,5% 2,0% 2,4% 1,1% 2,3% 2,5% 80% 70% 60% 50% 40% 30% 20% 10% 0% 33,2% 19,6% 13,2% 3,6% 11,4% 13,2% 42,8% 15,4% 6,8% 1,8% 0,0% 18,3% 8,0% 49,6% 11,9% 68,5% 35,1% 44,4% 15,3% 3,2% 0,8% 11,5% 4,3% 15,6% 4,0% 0,9% 11,1% 1,1% 4,3% 0,5% 4,6% 1,3% 0,1% 10,6% 14,0% 9,3% 8,1% 3,8% 1,2% 11,2% 0,8% 0,7% 3,9% 1,1% 6,4% 0,2% 0,0% 0,0% 8,0% 10,5% 9,8% 2,9% 3,6% 6,0% 4,8% 5,4% 7,1% 4,7% Makedonija Triglav Sava Evroins Eurolink Winner Insig Uniqa Insurance Policy 19,4% non-ife 18,3% 88,0% 63,3% 67,8% 83,4% 62,7% 6,0% 4,3% 7,5% 0,2% 1,1% 1,3% 12,9% 11,2% 10,4% Albsig Croatia Total non-life 52,3% 12,8% 0,0% 8,4% 01. Accident 02. Health 03. Motor vehicles (casco) 05. Aircrafts (casco) 08. Property, fire and nat.forces 09. Property, other 10. MTPL (total) 11. Aircraft's liability 13. General liability 15. Suretyship 16. Financial losses 18. Tourists assistance

6 Table 2. Gross Written Premium and Distribution No. Insurance Undertaking Gross written premium Reinsurance and/or Technical premium 000mkd Share for insurance 1 Total(nonlife) Makedonija Triglav Sava Evroins Eurolink Winner Insig Uniqa Insurance Policy Albsig Croatia Total(life) Croatia Grawe Winner Uniqa Makedonija Total

7 Table 3. Gross Written Premium and Distribution for the period mkd No. Class of Insurance Gross written premium Reinsurance and/or coinsurance share Technical premium Share for insurance operations Accident Health Motor vehicles (casco) Aircrafts (casco) Vessels (casco) Cargo Property, fire and nat.forces Property, other MTPL (total) Aircraft's liability Vessel's liability General liability Suretyship Financial losses Legal expenses Tourists assistance Life assurance TOTAL

8 Table 4. Number of contracts concluded for the period No. Class of insurance non-life Makedonija Triglav Sava Evroins Eurolink Winner Insig Uniqa Insur. Policy Albsig Croatia Total non-life Accident Health Motor vehicles (casco) Aircrafts (casco) Vessels (casco) Cargo Property, fire and nat.forces Property, other MTPL (total) Aircraft's liability Vessel's liability General liability Suretyship Financial losses Legal expenses Tourists assistance Total No. Class of insurance life Croatia Grawe Winner Uniqa Makedonija Total life Total: Life Assurance Total

9 Table 5. Gross claims settled for the period mkd No. Class of Insurance Makedonija Triglav Sava Evroins Eurolink Winner Insig Uniqa Insurance Policy non-life Albsig Croatia Total Accident Health Motor vehicles (casco) Vessels (casco) Cargo Property, fire and nat.forces Property, other MTPL (total) Aircraft's liability General liability Financial losses Tourists assistance Total non-life No. Class of Insurance life Croatia Grawe Winner Uniqa Makedonija Total life Total: Life Assurance Total

10 Table 6. Number of claims liquidated for the period non-life non-life No. Class of Insurance Insurance Makedonija Triglav Sava Evroins Eurolink Winner Insig Uniqa Albsig Croatia Total Policy Accident Health Motor vehicles (casco) Cargo Property, fire and nat.forces Property, other MTPL (total) General liability Financial losses Tourists assistance Total No. Class of Insurance life life Croatia Grawe Winner Uniqa Makedonija Total Life Assurance Total Total:

11 Таble 7. Claims structure No. Insurance undertaking Number of unsettled claims at the beginning of the period Number of reported and reopened claims Number of liquidated claims Number of rejected claims Number of unsettled claims at the end of the period Number of claims in litigation (part of the previous column) 1 Total(nonlife) Makedonija Triglav Sava Evroins Eurolink Winner Insig Uniqa Insurance Policy Albsig Croatia Total(life) Croatia Grawe Winner Uniqa Makedonija Total

12 No. Table 8. Expenses for the period Insurance Undertaking Administrative expenses Comissions to intermediaries 000mkd Other expenses related to insurance 1 Total(non-life) Makedonija Triglav Sava Evroins Eurolink Winner Insig Uniqa Insurance Policy Albsig Croatia Total(life) Croatia Grawe Winner Uniqa Makedonija Total

13 non-life nonlife life life Insur. Total Total Total Makedonija Triglav Sava Evroins Eurolink Winner Insig Uniqa Albsig Croatia Croatia Grawe Winner Uniqa Policy Foreign legal entities Foreign natural persons 000 mkd Domestic legal entities Domestic natural persons Table 9. Structure of the paid in capital for the period State TOTAL % 4% 90% 80% 70% 60% 50% 84% 73% 92% 93% 100% 100% 100% 100% 95,6% 100% 100% 93% 100% 100% 100% 40% 30% 20% 10% 0% 15,8% 26,6% 7,6% 6,6% Makedonija Triglav Sava Evroins Eurolink Winner Insig Uniqa Insur. Policy non-life 7,5% Albsig Croatia Croatia Grawe Winner Uniqa life State Domestic natural persons Domestic legal entities Foreign natural persons Foreign legal entities

14 Table 10. Gross technical provisions for the period mkd Unearned Bonuses Claims provisions Other Insurance Equilization Mathematica No. premium and rebates technical Total Undertaking Reported Total provision l provision provisions provisions IBNR provisions claims claims 1 Total (non-life) Makedonija Triglav Sava Evroins Eurolink Winner Insig Uniqa Insurance Policy Albsig Croatia Total (life) Croatia Grawe Winner Uniqa Makedonija Total No. Insurance Undertaking Table 11. Net technical provisions for the period Unearned premium provisions Bonuses and rebates provisions Claims provisions Equilization provision Mathematica l provision Other technical provisions 000 mkd Reported claims provisions IBNR Total claims provisions 1 Total (non-life) Makedonija Triglav Sava Evroins Eurolink Winner Insig Uniqa Insurance Policy Albsig Croatia Total (life) Croatia Grawe Winner Uniqa Makedonija Total Total

15 Makedonija Triglav Sava Evroins Eurolink Winner Insig Uniqa Insur. Policy Albsig Croatia Croatia Grawe Winner Uniqa Makedonija non-life life Solvency margin Total capital

16 Table 13. Statistical data for non- life insurance undertakings for the period mkd Premium Claims Number of contracts concluded Gross written premium Gross unearned premium provisions Number of claims liquidated Gross claims paid (liquidated) Number of claims reserved Gross RBNS provisions CLASS 01 - Accident insurance Accident insurance in and outside of regular business Accident insurance in motor vehicles and while performing specific activities Accident insurance of pupils, students and young peoples Accident insurance of guests, visitors to events, travelers and tourists Accident insurance of customers, subscribers and other users of public services Other special accident insurance Compulsory accident insurance of passengers in public traffic Accident insurance of managers Other accident insurance Class 02 - Health insurance Supplementary health insurance according to the Law on voluntary health insurance Private health insurance according to the Law on voluntary health insurance 0202 Other voluntary health insurance CLASS 03 - Insurance of motor vehicles (casco) Casco insurance of motor vehicles on their own power Other insurance of motor vehicles (casco) CLASS 04 - Insurance of railway rolling stock vehicles (casco) Insurance of railway rolling stock vehicles (casco) Other insurance of railway rolling stock vehicles (casco) CLASS 05 - Insurance of aircrafts (casco) Insurance of aircrafts (casco) Other insurance of aircrafts (casco) CLASS 06 - Insurance of vessels (casco) Insurance of vessels (casco) Other insurance of vessels (casco) CLASS 07 - Insurance of goods in transportation (cargo) Insurance of goods in international transportation (cargo)

17 Insurance of goods in domestic transportation (cargo) Other insurance of goods in transportation (cargo) CLASS 08 - Property insurance against fire and natural forces Property insurance of natural persons Insurance of crops and fruit Insurance of animals Construction and erection insurance Insurance of buildings and/or their contents (except ) Household insurance Other property insurance of natural persons Property insurance of legal entities Insurance of crops and fruit Insurance of animals Construction and erection insurance Insurance of buildings and/or their contents (except and ) Property insurance of power companies Property insurance of telecommunication companies Other property insurance of legal entities CLASS 09 - Other property insurance Property insurance of natural entities Insurance of crops and fruit Insurance of animals Construction and erection insurance Insurance of buildings and/or their contents (except ) Household insurance Other property insurance of natural persons Property insurance of legal entities Insurance of crops and fruit Insurance of animals Construction and erection insurance Insurance of buildings and/or their contents (except and ) Property insurance of power companies Property insurance of telecommunication companies Other property insurance of legal entities CLASS Property insurance Property insurance of natural persons Insurance of crops and fruit Insurance of animals Construction and erection insurance

18 Insurance of buildings and/or their contents (except ) Household insurance Other property insurance of natural persons Property insurance of legal entities Insurance of crops and fruit Insurance of animals Construction and erection insurance Insurance of buildings and/or their contents (except and ) Property insurance of power companies Property insurance of telecommunication companies Other property insurance of legal entities CLASS 10 - Motor third party liability insurance Domestic compulsory motor third party liability insurance (CMTPL) Passenger vehicles Heavy vehicles Buses Towing vehicles Special vehicles Motorcycles and scooters Trailers Operating motor vehicles Vehicles during test drives and staying in stores Vehicle during upgrading of its own axis (peer ACS) Motor vehicles with test plates Vehicle during the repair in motor car repair stations and workshops for washing and lubrication Vehicles with special license plates that are in circulation on the territory of Macedonia Green card (GC) Passenger vehicles Heavy vehicles Buses Towing vehicles Special vehicles Motorcycles and scooters Trailers Operating motor vehicles

19 Border insurance (BI) Passenger cars Heavy vehicles Buses Towing vehicles Special vehicles Motorcycles and scooters Trailers Operating motor vehicles Voluntary motor third party liability insurance Carrier's liability insurance Other motor third party liability insurance CLASS 11 - Aircraft third party liability insurance Compulsory aircraft third party liability insurance Carrier's liability insurance Other aircraft third party liability insurance CLASS 12 - Vessel third party liability insurance Compulsory vessel third party liability insurance Carrier's liability insurance Other vessel third party liability insurance CLASS 13 - General liability insurance Liability insurance of contractors on construction and erection works Liability insurance of households Liability insurance in film industry Liability insurance in rail traffic Liability insurance of producers, vendors and suppliers Other general liability insurance Liability insurance of designers Liability insurance of lawyers Liability insurance of notaries Liability insurance of audit companies

20 Liability insurance of insurance brokerage companies and insurance agencies Liability insurance of trustees Liability insurance of forwarding agents in domestic transport Liability insurance of forwarding agents in international transport Liability insurance of issuers of certificates Liability insurance related to real estate management Liability insurance related to medical, dental and pharmaceutical activity Liability insurance related to tourist activities Other professional liability insurance Other general insurance of liability CLASS 14 - Credit insurance Insurance of credits and loans granted to natural persons Insurance of credits and loans granted to legal entities Insurance of receivables related to financial leasing Other credit insurance CLASS 15 - Suretyship insurance Insurance of guarantees for TIR carnets Other shuretyship insurance CLASS 16 - Miscellaneous financial loss insurance Lost income insurance, caused by fire and other natural forces Lost income insurance caused by an inability to perform work activities Insurance against fraudulent purchase of foreign currencies Insurance against cancellation of events and performances Other miscellaneous financial loss insurance CLASS 17 - Legal expenses insurance Expenses for legal aid and litigation Other legal expenses insurance CLASS 18 - Tourist assistance insurance Travel insurance Travel insurance for foreigners, while traveling or temporary residence in R. Macedonia Insurance against cancellation of travel tours Other tourist assistance insurance TOTAL

21 Table 14. Balance Sheet for the non- life insurance undertakings for the period Amounts Current financial year Previous financial year ASSETS A. INTANGIBLE ASSETS ( ) Goodwill Other intangible assets B. INVESTMENTS ( ) mkd I. LAND, BUILDINGS AND OTHER TANGIBLE ASSETS ( ) Land and buildings occupied by an insurance undertaking for its own ac vi es ( ) Land Buildings Land and buildings occupied by an insurance undertaking for other purposes than performance of its own activities ( ) Land Buildings Other material assets II.FINANCIAL INVESTMENTS IN COMPANIES FORMING A GROUP - AFFILIATED UNDERTAKINGS, PARTICIPATING INTERESTS ( ) Shares in affiliated undertakings Debt securities issued by, and loans to, affiliated undertakings Participating interests Debt securi es issued by, and loans to, undertakings with which an insurance undertaking is linked by virtue of a par cipa ng interest Other financial investments in affiliated undertakings

22 6. Other financial investments in participating interests Investments in undertakings with which an insurance undertaking is linked by virtue of a participating interest III. OTHER FINANCIAL INVESTMENTS ( ) Financial investments held to maturity ( ) Debt securities whose maturity is shorter than 1 year Debt securities whose maturity is longer than 1 year Financial investments available for sale ( ) Debt securities whose maturity is shorter than 1 year Debt securities whose maturity is longer than 1 year Shares and other variable-yield securities Shares and units in unit trusts Financial investments held for trading ( ) Debt securities whose maturity is shorter than 1 year Debt securities whose maturity is longer than 1 year Shares, units and other ownership instruments Shares and units in unit trusts Deposits, loans and other receivables ( ) Deposits Loans collateralized with mortgage Other loans Other receivables Financial derivatives IV. DEPOSITS WITH CEDING UNDERTAKINGS C. CO-INSURERS' AND REINSURERS' SHARE IN GROSS TECHNICAL PROVISIONS ( )

23 1. Co-insurers' and reinsurers' share in gross unearned premium provisions Co-insurers' and reinsurers' share in gross mathematical provisions Co-insurers' and reinsurers' share in gross claims provisions Co-insurers' and reinsurers' share in gross provisions for bonuses and rebates Co-insurers' and reinsurers' share in gross equilization provision Co-insurers' and reinsurers' share in other gross technical provisions Co-insurers' and reinsurers' share in gross technical provisions in life assurance contracts where the investment risk is born by the policyholders D. FINANCIAL INVESTMENTS WHERE THE POLICYHOLDER UNDERTAKES THE INVESTMENT RISK (INSURANCE CONTRACTS) E. PREPAYMENTS AND DEFERRED TAX ( ) Deferred tax Prepayed tax F. DEBTORS ( ) I. Debtors arising out of direct insurance operations ( ) Policyholders Intermediaries Other debtors arising out of direct insurance operations II. Debtors arising out of co-insurance and reinsurance operations ( ) Debtors arising out of co-insurance and reinsurance premium Debtors arising out of co-insurance and reinsurance share in incurred claims Other debtors arising out of co-insurance and reinsurance operations III. OTHER DEBTORS ( ) Other debtors arising out of direct insurance operations Debtors arising out of financial investments Other debtors

24 IV. SUBSCRIBED UNPAID CAPITAL G. OTHER ASSETS ( ) I. TANGIBLE ASSETS FOR ITS OWN ACTIVITIES (OTHER THAN LAND AND BUILDINGS) ( ) Equipment Other material assets II. CASH AT BANK AND IN HAND AND OTHER CASH EQUIVALENTS ( ) Cash at bank Cash in hand Cash intended for coverage of the mathematical provision Other cash and cash equivalents III. STOCKS H. PREPAYMENTS AND ACCRUED INCOME ( ) Accrued interest and rent Deferred acquisition costs Other prepayments and deferrals I. NON-CURRENT ASSETS HELD FOR TRADING AND DISCONTINUED OPERATIONS J. TOTAL ASSETS (А+B+C+D+E+F+G+H+I) K. OFF BALANCE SHEET ASSETS LIABILITIES А. CAPITAL AND RESERVES ( ) I. SUBSCRIBED CAPITAL ( ) Subscribed capital from common shares Subscribed capital from preferred shares Subscribed but unpaid capital II. SHARE PREMIUM ACCOUNT III. REVALUATION RESERVE ( ) Tangible assets Financial investments Other revaluation reserves IV. RESERVES ( ) Legal reserves Statutory reserve Own shares reserve Own shares Other reserves V. NET PROFIT BROUGHT FORWARD

25 VI. LOSS BROUGHT FORWARD VII. PROFIT FOR THE ACCOUNTING PERIOD VIII. LOSS FOR THE ACCOUNTING PERIOD B. SUBORDINATED LIABILITIES C. GROSS TECHNICAL PROVISIONS ( ) I. Gross unearned premium provisions II. Gross mathematical provision III. Gross claims provisions IV. Gross provisions for bonuses and rebates V. Gross equilization provision VI. Other gross technical provisions D. GROSS TECHNICAL PROVISIONS RELATED TO INSURANCE CONTRACTS WHERE THE INVESTMENT RISK IS BORNE BY THE POLICYHOLDERS E. OTHER PROVISIONS ( ) Provisions for pensions and similar obligations Other provisions F.DEFERRED AND CURRENT TAX LIABILITIES ( ) Deferred tax liabilities Current tax liabilities G. DEPOSITS RECEIVED FROM REINSURERS H. CREDITORS ( ) I. CREDITORS ARISING OUT OF DIRECT INSURANCE OPERATIONS ( ) Policyholders Intermediaries Other creditors arising out of direct insurance operations II. CREDITORS ARISING OUT OF CO-INSURANCE AND REINSURANCE OPERATIONS ( ) Creditors arising out of co-insurance and reinsurance premium Creditors arising out of co-insurance and reinsurance share in incurred claims Other creditors arising out of co-insurance and reinsurance operations III. OTHER CREDITORS ( ) Other creditors arising out of direct insurance operations Creditors arising out of financial investments Other creditors

26 I. ACCRUALS AND DEFERRED INCOME J. NON-CURRENT LIABILITIES HELD FOR TRADING AND DISCONTINUED OPERATIONS K. TOTAL LIABILITIES А+B+C+D+E+F+G+H+I+J L. OFF BALANCE SHEET LIABILITIES

27 Table 15. Balance Sheet for the life insurance undertakings for the period Amounts Current financial year Previous financial year ASSETS A. INTANGIBLE ASSETS ( ) Goodwill Other intangible assets B. INVESTMENTS ( ) mkd I. LAND, BUILDINGS AND OTHER TANGIBLE ASSETS ( ) Land and buildings occupied by an insurance undertaking for its own ac vi es ( ) Land Buildings Land and buildings occupied by an insurance undertaking for other purposes than performance of its own activities ( ) Land Buildings Other material assets II.FINANCIAL INVESTMENTS IN COMPANIES FORMING A GROUP - AFFILIATED UNDERTAKINGS, PARTICIPATING INTERESTS ( ) Shares in affiliated undertakings Debt securities issued by, and loans to, affiliated undertakings Participating interests Debt securi es issued by, and loans to, undertakings with which an insurance undertaking is linked by virtue of a par cipa ng interest Other financial investments in affiliated undertakings

28 6. Other financial investments in participating interests Investments in undertakings with which an insurance undertaking is linked by virtue of a participating interest III. OTHER FINANCIAL INVESTMENTS ( ) Financial investments held to maturity ( ) Debt securities whose maturity is shorter than 1 year Debt securities whose maturity is longer than 1 year Financial investments available for sale ( ) Debt securities whose maturity is shorter than 1 year Debt securities whose maturity is longer than 1 year Shares and other variable-yield securities Shares and units in unit trusts Financial investments held for trading ( ) Debt securities whose maturity is shorter than 1 year Debt securities whose maturity is longer than 1 year Shares, units and other ownership instruments Shares and units in unit trusts Deposits, loans and other receivables ( ) Deposits Loans collateralized with mortgage Other loans Other receivables Financial derivatives IV. DEPOSITS WITH CEDING UNDERTAKINGS C. CO-INSURERS' AND REINSURERS' SHARE IN GROSS TECHNICAL PROVISIONS ( )

29 1. Co-insurers' and reinsurers' share in gross unearned premium provisions Co-insurers' and reinsurers' share in gross mathematical provisions Co-insurers' and reinsurers' share in gross claims provisions Co-insurers' and reinsurers' share in gross provisions for bonuses and rebates Co-insurers' and reinsurers' share in gross equilization provision Co-insurers' and reinsurers' share in other gross technical provisions Co-insurers' and reinsurers' share in gross technical provisions in life assurance contracts where the investment risk is born by the policyholders D. FINANCIAL INVESTMENTS WHERE THE POLICYHOLDER UNDERTAKES THE INVESTMENT RISK (INSURANCE CONTRACTS) E. PREPAYMENTS AND DEFERRED TAX ( ) Deferred tax Prepayed tax F. DEBTORS ( ) I. Debtors arising out of direct insurance operations ( ) Policyholders Intermediaries Other debtors arising out of direct insurance operations II. Debtors arising out of co-insurance and reinsurance operations ( ) Debtors arising out of co-insurance and reinsurance premium Debtors arising out of co-insurance and reinsurance share in incurred claims Other debtors arising out of co-insurance and reinsurance operations III. OTHER DEBTORS ( ) Other debtors arising out of direct insurance operations Debtors arising out of financial investments Other debtors

30 IV. SUBSCRIBED UNPAID CAPITAL G. OTHER ASSETS ( ) I. TANGIBLE ASSETS FOR ITS OWN ACTIVITIES (OTHER THAN LAND AND BUILDINGS) ( ) Equipment Other material assets II. CASH AT BANK AND IN HAND AND OTHER CASH EQUIVALENTS ( ) Cash at bank Cash in hand Cash intended for coverage of the mathematical provision Other cash and cash equivalents III. STOCKS H. PREPAYMENTS AND ACCRUED INCOME ( ) Accrued interest and rent Deferred acquisition costs Other prepayments and deferrals I. NON-CURRENT ASSETS HELD FOR TRADING AND DISCONTINUED OPERATIONS J. TOTAL ASSETS (А+B+C+D+E+F+G+H+I) K. OFF BALANCE SHEET ASSETS LIABILITIES ПАСИВА ПАСИВА А. CAPITAL AND RESERVES ( ) I. SUBSCRIBED CAPITAL ( ) Subscribed capital from common shares Subscribed capital from preferred shares Subscribed but unpaid capital II. SHARE PREMIUM ACCOUNT III. REVALUATION RESERVE ( ) Tangible assets Financial investments Other revaluation reserves IV. RESERVES ( ) Legal reserves Statutory reserve Own shares reserve Own shares Other reserves V. NET PROFIT BROUGHT FORWARD

31 VI. LOSS BROUGHT FORWARD VII. PROFIT FOR THE ACCOUNTING PERIOD VIII. LOSS FOR THE ACCOUNTING PERIOD B. SUBORDINATED LIABILITIES C. GROSS TECHNICAL PROVISIONS ( ) I. Gross unearned premium provisions II. Gross mathematical provision III. Gross claims provisions IV. Gross provisions for bonuses and rebates V. Gross equilization provision VI. Other gross technical provisions D. GROSS TECHNICAL PROVISIONS RELATED TO INSURANCE CONTRACTS WHERE THE INVESTMENT RISK IS BORNE BY THE POLICYHOLDERS E. OTHER PROVISIONS ( ) Provisions for pensions and similar obligations Other provisions F.DEFERRED AND CURRENT TAX LIABILITIES ( ) Deferred tax liabilities Current tax liabilities G. DEPOSITS RECEIVED FROM REINSURERS H. CREDITORS ( ) I. CREDITORS ARISING OUT OF DIRECT INSURANCE OPERATIONS ( ) Policyholders Intermediaries Other creditors arising out of direct insurance operations II. CREDITORS ARISING OUT OF CO-INSURANCE AND REINSURANCE OPERATIONS ( ) Creditors arising out of co-insurance and reinsurance premium Creditors arising out of co-insurance and reinsurance share in incurred claims Other creditors arising out of co-insurance and reinsurance operations III. OTHER CREDITORS ( ) Other creditors arising out of direct insurance operations Creditors arising out of financial investments Other creditors

32 I. ACCRUALS AND DEFERRED INCOME J. NON-CURRENT LIABILITIES HELD FOR TRADING AND DISCONTINUED OPERATIONS K. TOTAL LIABILITIES А+B+C+D+E+F+G+H+I+J L. OFF BALANCE SHEET LIABILITIES

33 Items Table 16. Profit and loss account for the non- life insurance undertakings for the period Current financial year Amounts Previous financial year mkd A. REVENUE ( ) I. EARNED PREMIUMS (NET EARNED PREMIUM) ( ) Gross written premiums from direct insurance operations Gross written premiums from coinsurance operations Gross written premiums from reinsurance/retrocession operations Gross written premiums ceded to coinsurance Gross written premiums ceded to reinsurance/retrocession Changes in the gross unearned premium provisions Changes in the gross unearned premium provisions - co-insurer's share Changes in the gross unearned premium provisions - reinsurer's share II. INVESTMENT INCOME ( ) Income from participating interests, with a separate indication of that derived from affiliated undertakings Income from land and buildings ( ) Income from rent Value re-adjustments on investments Gains on the realization of investments Interest income Changes in the foreign exchange rates Value adjustment (unrealized gains, arriving at fair value)