28 семтември семинарска
DESCRIPTION
семинарскаTRANSCRIPT
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: 01.11.2009
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13 (11 ; 2 )12 5 115 1787
61,66 (53,9 ; 7,76 ) : 1.283
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:> 2009: 101,06 (96,15 ; 4,92 )> 2008: 105,02 (100,67 ; 4,34 ) 09/08: (- 3,38%) 09/08: (- 4,09%); 09/08: (13,18%) > 2009: 1.018.722; 2008: 943 225: 09/08: (8,00%) % - 1,53% 7,07% 278,28% 2,79% ( ) 49,44 / 442,11 272135,09 208,67
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Chart1
00.6640.13030.12110.0846
0.00333130920.74796745880.11381703850.07544885320.0594353402
0.00236592880.82715544630.07660734650.05264035690.0412309215
0.0020.8060.0899684670.0670.035
: 1, 3, 4, 5, 6, 7,9,10,117 , Worksheet Capital14
1 8 415
3 9 16 Investments
3 110 ,Technical Reserves
4 11 ,Capital Technical Reserves
5 4Q 1 12 5
6 13 1 10
!!!!
:
20091
2
20093
20093
20094
20095
20096
20097
20098
20099
200910 ( )
200911
200912
200913 ,
200914
200915
200916
( )
,
1
200520062007200820092010201120122013
GDP354,322,000398,640,000396,496,000
Total premiums '000 ( )5,105,0005,445,0006,109,0006,421,4356,182,401
Total premiums nonlife 6,154,8195,881,584
Total premiums life 266,670300,817
Total Number of Contracts 000943,2251,018,748
Number of contracts nonlife 923,810996,028
Number of contracts life 19,41522,720
Citiziens2,038,8552,040,2282,044,3082,048,3972,052,494
(, )5,1055,4456,1096,4216,182
(, )4,9965,3295,9386,1555,882
(, )109116171267301
Premiums per capita (left scale) / ( )2,5042,6692,9883,1353,012
Premiums pre capita nonlife 2,866
Premiums per capita life 147
Gross premiums in GDP (right scale) / ( )1.75%1.75%1.72%1.61%1.56%
Gross premiums nonlife in GDP 1.5%
Gross premiums life in GDP 0.1%
Annual growth rate of gross premiums (right scale) ( )6.7%6.7%12.2%5.1%-3.7%
1
&A
Page &P
/ ( )
/ ( )
(, )
2
: %
2008201020112012
TotalLife assuranceNon-life insuranceTotalLife assuranceNon-life insuranceTotalLife assuranceNon-life insuranceTotalLife assuranceNon-life insurance
USA8.70%4.10%4.60%
Canada7.00%3.20%3.80%
EU6.00%3.48%2.52%
Serbia1.80%0.20%1.60%
Croatia3.20%0.80%2.40%
Slovenia5.40%1.70%3.70%
Bulgaria2.80%0.40%2.40%
Romania1.80%0.40%1.40%
Macedonia1.64%0.07%1.57%
2008
&A
Page &P
Premiums per capita (left scale)
Gross premiums in GDP (right scale)
Annual growth rate of gross premiums (right scale)
&C&"Times New Roman,Regular"&12&A
&C&"Times New Roman,Regular"&12Page &P
2
3
Relative Difference 09-08 3QRelative Difference 09-08
2008 3Q2009 3Q20082009
09-08 3Q 09-08
2008 3Q2009 3Q20082009
Number of contract 334,537359,6057.49%452,228477,9025.68%
Gross written premium ()243,851210,370-14%316,932281,000-11%
31693282813003
Total
Life assurance
Non-life insurance
3
2008
2009
09-08
3.169.328.000
2.813.003.000
3
2008
2009
Relative Difference 09-08
3 169 328 000.
2 813 003 000
4
Relative Difference 09-08Relative Difference 09-08
200820092010
* 1000 09-08 10-09
200820092010
nonlifeNumber of contract 923,810996,0287.82%0-100.00%
Gross written premium ()615,482588,158-4.4%0-100%
lifeNumber of contract 19,41522,72017.02%0-100.00%
Gross written premium ()26,66730,08212.8%0-100%
totalNumber of contract 943,2251,018,7488.01%0-100.00%
Gross written premium ()642,144618,240-3.7%0-100%
4
()
2008
2009
09-08
6 154 820 000.
266 670 000
5 882 086 000
300 817 000
5
2008
2009
Relative Difference 09-08
6 154 820 000.
266 670 000
5 882 086 000
300 817000
6
Absolute Difference 09-08 1QRelative Difference 09-08 1QAbsolute Difference 09-08 2QRelative Difference 09-08 2QAbsolute Difference 09-08 3QRelative Difference 09-08 3QAbsolute Difference 09-08Relative Difference 09-08Absolute Difference 10-09 1QRelative Difference 10-09 1QAbsolute Difference 10-09 2QRelative Difference 10-09 2QAbsolute Difference 10-09 3QRelative Difference 10-09 3QAbsolute Difference 10-09Relative Difference 10-09 3Q
2008 1Q2009 1Q2008 2Q2009 2Q2007 3Q2008 3Q2009 3Q200820092010 1Q2010 2Q2010 3Q2010
A 09-08 1Q 09-08 1QA 09-08 2Q 09-08 2QA 09-08 3Q 09-08 3QA 09-08 09-08A 10-09 1Q 10-09 1QA 10-09 2Q 10-09 2QA 10-09 3Q 10-09 3QA 10-09 10-09
2008 1Q2009 1Q2008 2Q2009 2Q2007 3Q2008 3Q2009 3Q200820092010 1Q2010 2Q2010 3Q2010
Property insurance15215863.95%506531255%1007737726-11-1%12071189-18-1%-158-100%-531-100%-726-100%-1189-100%
Motor-vehicle insurance (casco) -1781971910.67%393416236%468616608-8-1%830809-21-3%-197-100%-416-100%-608-100%-809-100%
Accident insurance144158149.72%2963323612%382413451389%552577255%-158-100%-332-100%-451-100%-577-100%
Third-party liabilty insuranceA.O.627574-53-8.45%15821327-255-16%220524392104-335-14%31692813-356-11%-574-100%-1327-100%-2104-100%-2813-100%
Insurance of travel 2534936.00%56772138%811001121212%151144-7-5%-34-100%-77-100%-112-100%-144-100%
Other non-life insurance 8763-24-27.59%1181331513%1251711952414%24634910342%0-63-100%0-133-100%0-195-100%0-349-100%
Life assurance5055510.00%941717782%1251762042816%2673013413%-55-100%-171-100%-204-100%-301-100%
Total12631239-24-1.90%30452987-58-2%439346524400-252-5%64226182-240-4%-1239-100%-2987-100%-4400-100%-6182-100%
6
2008 1Q
2009 1Q
09-08 1Q
7
2008 2Q
2009 2Q
09-08 2Q
8
2008 3Q
2009 3Q
09-08 3Q
9
2008 1Q
2009 1Q
Relative Difference 09-08 1Q
in million denars
10
2008 2Q
2009 2Q
Relative Difference 09-08 2Q
in million denars
11
2008 3Q
2009 3Q
Relative Difference 09-08 3Q
in million denars
12
2008
2009
09-08
13
2008
2009
Relative Difference 09-08
in million denars
14
in million denars 200520062Q 20073Q 200720072Q 20083Q 200820082Q 20093Q 200920091Q 20102Q 20103Q 20102010
Total Premiums 5,1055,4452,6924,3946,1093,0454,6526,4212,9884,3996,1820
340664353258312-57-253-239-2,988-4,399-6,1820
6.7%12.2%13.1%5.9%5.1%-1.9%-5.4%-3.7%-100.0%-100.0%-100.0%0.0%
Premiums - nonlife insurance 4,9965,3302,5964,2695,9382,9274,48161552,8554,2045,8820
334608331212217-72-277-273-2,855-4,204-5,8820
6.7%11.4%12.8%5.0%3.7%-2.5%-6.2%-4.4%-100.0%-100.0%-100.0%0.0%
97.86%97.89%97.20%95.86%95.13%0.00%0.00%
Premiums - life assurance 109116961251711181712671331953010
755224696152434-133-195-3010
6.4%47.4%22.9%36.8%56.1%12.7%14.0%12.7%-100.0%-100.0%-100.0%0.0%
2.14%2.13%2.80%4.16%4.87%0.00%0.00%
200506-0507-06 2Q07-06 3Q07-0608-07 2Q08-07 3Q08-0709-08 2Q09-08 3Q09-0810-09 1Q10-09 2Q10-09 3Q10-09
Total (left scale) ( )340664353258312-57-253-239-2,988-4,399-6,1820
Non-life insurance (left scale) ( )334608331212217-72-277-273-2,855-4,204-5,8820
Life assurance (left scale) ( )755224696152434-133-195-3010
Total (right scale) ( )6.7%12.2%13.1%5.9%5.1%-1.9%-5.4%-3.7%-100.0%-100.0%-100.0%0.0%
Non-life insurance (right scale) ( )6.7%11.4%12.8%5.0%3.7%-2.5%-6.2%-4.4%-100.0%-100.0%-100.0%0.0%
Life assurance (left scale) ( )6.4%47.4%22.9%36.8%56.1%12.7%14.0%12.7%-100.0%-100.0%-100.0%0.0%
14
353331220.13112927190.12750385210.2291666667
-57-7215-0.0187192118-0.02459856510.1271186441
Total (left scale)
Non-life insurance (left scale)
Life assurance (left scale)
Total (right scale)
Non-life insurance (right scale)
Life assurance (left scale)
in million denars
5,1%
3,7%
56,1%
15
258212460.05871643150.0496603420.368
-253-27724-0.0543852107-0.06181655880.1403508772
Total (left scale)
Non-life insurance (left scale)
Life assurance (left scale)
Total (right scale)
Non-life insurance (right scale)
Life assurance (left scale)
in million denars
5,1%
3,7%
56,1%
16
Total (left scale)
Non-life insurance (left scale)
Life assurance (left scale)
Total (right scale)
Non-life insurance (right scale)
Life assurance (left scale)
in million denars
06-05
06-05
06-05
0
0
0
07-06
07-06
07-06
08-07
08-07
08-07
09-08
09-08
09-08
340
334
7
0.0666013712
0.0668534828
0.0642201835
664
608
55
0.1219467401
0.1140712946
0.474137931
312
217
96
0.0510721886
0.036544291
0.5614035088
-238.599
-273.416
33.817
-0.0371591652
-0.0444217709
0.1266554307
( )
( )
( )
( )
( )
( )
5,1%
3,7%
56,1%
Sheet1
000
( )
( )
( )
( )
( )
( )
( )
( )
( )
( )
( )
( )
5,1%
3,7%
56,1%
participationparticipationparticipationparticipationparticipationparticipationparticipation
20072007200820082009200920102010201120112012201220132013
QBE1,30721.4%1,36821.3%91114.7%0.0%0.0%0.0%0.0%
Vardar1,55525.5%1,18618.5%1,31621.3%0.0%0.0%0.0%0.0%
Sava Tabak 87714.3%1,00415.6%1,02316.5%0.0%0.0%0.0%0.0%
Euroins2754.5%2724.2%4156.7%0.0%0.0%0.0%0.0%
Winer3255.3%3325.2%3054.9%0.0%0.0%0.0%0.0%
Eurolink5268.6%6069.4%6139.9%0.0%0.0%0.0%0.0%
Insig1983.2%5759.0%1712.8%0.0%0.0%0.0%0.0%
Uniqa2854.7%1903.0%3605.8%0.0%0.0%0.0%0.0%
Os.Policy. 5689.3%3675.7%5078.2%0.0%0.0%0.0%0.0%
Albsig761.2%1432.2%2494.0%0.0%0.0%0.0%0.0%
Croatia non-life -340.5%
Croatia life490.8%2874.5%1131.8%0.0%0.0%0.0%0.0%
Grawe691.1%911.4%1652.7%0.0%0.0%0.0%0.0%
6,1096,4216,1820000
2007
2008
2009
participation
participation
participation
Shareholders2006200720082009201020112012
Foreign shareholders 66.4%75.1%83.0%80.8%0.0%0.0%0.0%
Foreign legal entites 66.4%74.8%82.7%80.6%
Natural persons-nonresidents 0.0%0.3%0.2%0.2%
Doestic shareholders 25.1%18.9%12.9%15.7%0.0%0.0%0.0%
Domestic legal entities 12.1%7.5%5.3%6.7%
Natural persons - residents 13.0%11.4%7.7%9.0%
State8.5%5.9%4.1%3.5%
TOTAL100.0%100.0%100.0%100.0%0.0%0.0%0.0%
Natural persons-nonresidents
Foreign legal entites
Natural persons - residents
Domestic legal entities
State
2009
in million denars
Class2006200720072Q 20082Q 20083Q20083Q2008200820082Q 20092Q 20093Q20093Q2009200920091Q 20101Q 20102Q 20102Q 20103Q 20103Q 201020103Q 2010
Property insurance 13491,30421.35%50616.62%73716.62%120718.8%53117.77%72616.50%118919.2%00.0%00.0%00.00%00.00%
Motor-vehicle insurance (casco) -60369511.37%39312.91%61612.91%83012.9%41613.94%60813.82%80913.1%00.00%00.00%00.00%00.00%
Accident insurance5045488.98%2969.72%4139.72%5528.6%33211.12%45110.25%5779.3%00.00%00.00%00.00%00.00%
Motor-vehicle responsibility 25843,08650.52%1,58251.95%2,43951.95%316949.3%1,32745.41%2,10447.82%281345.5%00.00%00.00%00.00%00.00%
Insurance of travel 110981.61%561.85%1001.85%1512.4%772.59%1122.55%1442.3%00.00%00.00%00.00%00.00%
Other non-life insurance - 2063.38%943.09%1763.09%2674.2%1714.72%2044.64%3495.6%00.00%00.00%00.00%00.00%
Life assurance 1161712.80%1183.86%1713.86%2463.8%1334.45%1954.43%3014.9%00.00%00.00%00.00%00.00%
TOTAL6,1093,0454,65264222,9874,40061820000
2009
2009
2007
2007
21,3%
11,4%
9,0%
50,5%
1,6%
2,8%
3,4%
2008
2008
18,8%
12,9%
8,6%
49,4%
2,4%
4,2%
3,8%
2Q 2008
2Q 2008
2Q 2009
2Q 2009
3Q2008
3Q 2008
3Q2009
3Q 2009
2007
2007
21,3%
11,4%
9,0%
50,5%
1,6%
2,8%
3,4%
2008
2008
18,8%
12,9%
8,6%
49,4%
2,4%
4,2%
3,8%
2Q 2008
2Q 2008
2Q 2009
2Q 2009
3Q2008
3Q 2008
3Q2009
3Q 2009
2008
2008
2009
2009
2008
2008
2009
2009
ASSETS200520062007200820092010201120122013
Non-material and material investments 8.9%8.8%11.5%11.9%10.9%
Investments in connected entities and other financial entities 9.7%11.1%17.5%18.3%24.1%
Receivables based on insurance activities 28.9%26.2%34.9%33.5%30.7%
Other receivables 12.1%12.9%22.9%22.2%23.1%
Cash and securities 8.0%6.4%6.2%11.2%8.3%
Other assets 32.4%34.5%7.0%2.8%3.0%
Total Assets 12,202,707,583
LIABILITIES200520062007200820092010201120122013
Capital and provisions 18.5%18.4%30.3%35.7%35.1%
Technical provisions 30.9%29.7%41.7%41.5%41.7%
Other liabilities 50.5%52.0%28.0%22.8%23.2%
Total Liabilities 12,202,707,602
Assets structureLiabilities structureLiabilities structure
11,5%
11,9%
17,5%
18,3%
34,9%
33,5%
22,9%
22,2%
6,2%
11,2%
7,0%
2,8%
Capital and provisions
Technical provisions
Other liabilities
Capital and provisions
Technical provisions
Other liabilities
Non-material and material investments
Investments in connected entities and other financial entities
Receivables based on insurance activities
Other receivables
Cash and securities
Other assets
11,5%
11,9%
17,5%
18,3%
34,9%
33,5%
22,9%
22,2%
6,2%
11,2%
7,0%
2,8%
Assets Covering Technical Provision . . .
non-life insirance 2005200620072007200820082008200920092009201020102009
current accounts and deposits in banks 41.6%45.2%1,69572.9%1,81444.1%37.6%2,15763.1%43.8%0.0%0.0%
securities issued by the state 22.1%43.3%1757.5%57413.9%11.9%54816.0%11.1%0.0%0.0%
shares18.7%9.4%45419.5%3378.2%7.0%2878.4%5.8%0.0%0.0%
units of investment funds in RM operating in compliance of the Investment Funds Law 10.0%0.0%80.2%0.2%0.0%
receivables owed by policyholders 1,13027.5%23.4%0.0%0.0%0.0%
other receivables 1313.2%2.7%712.1%1.4%0.0%
loans17.5%2.1%0.0%0.0%0.0%20.1%0.0%0.0%0.0%
securities issued by foreign entities 0.0%00.0%300.7%0.6%00.0%0.0%0.0%0.0%
real estate (not used for the insurance operations) ( )992.4%2.1%3359.8%6.8%0.0%
participations in affiliated entities 00.0%0.0%100.3%0.2%0.0%
TOTAL2,3244,11685.41%3,41869.33%00.00%
Technical Provisions - nonlife
Unearned premium 2,18351.9%2,49151.7%2,40648.8%0.0%
Bonuses and rebates 811.9%501.0%240.5%0.0%
Claims provisions 1,94146.1%2,27547.2%2,49850.7%0.0%
Other technical provisions 20.0%30.1%20.0%0.0%
Total:4,2074,8194,930000
life assurance 200520062007200720082008200820092009200820102010
current accounts and deposits in banks 100%89.30%321,23791.9%298,18264.2%73.7%262,36851.0%54.9%0.0%
securities issued by the state 10.70%25,5757.3%114,53224.7%28.3%242,82047.2%50.8%0.0%
shares2,7780.8%1,3880.3%0.3%00.0%0.0%0.0%
corporate bonds 1,8600.4%0.5%1,8820.4%0.4%0.0%
real estate38,9878.4%9.6%00.0%0.0%
receivables from policyholders 9,6362.1%2.4%7,3451.4%1.5%
TOTAL349,590464,585514,415107.55%0
Technical Provisions - life
Unearned premium 37,34866,00878,58816%0%
Bonuses and rebates 0000%0%
Claims provisions 6123,7549,4522%0%
Mathematical reserve 320,371335,099390,28482%0%
Other technical provisions - life 0000%0%
Total - math.provision-. 37,96069,76288,040
Total:358,331404,861478,3240
Assets covering the technical provisions (in million denars) ( .)2005200620072008 08/07% 08/072009 09/08% 09/082010 10/09% 10/09
Non-life insurance 2,3242,75843418.7%-2,758-100.0%00.0%
Life assurance 3504166618.9%-416-100.0%00.0%
TOTAL131516282,6743,17450018.7%0-3,174-100.0%000.0%
2009 non-life
current accounts and deposits in banks
securities issued by the state
shares
units of investment funds in RM operating in compliance of the Investment Funds Law
receivables owed by policyholders
other receivables
loans
securities issued by foreign entities
real estate (not used for the insurance operations)
participations in affiliated entities
Unearned premium
Bonuses and rebates
Claims provisions
72,9%
65,8%
19,5%
12,2%
1,1%
72,9%
65,8%
19,5%
12,2%
1,1%
91,9%
71,7%
7,3%
27,5%
0,8%
0,3%
() ()
( )
72,9%
65,8%
19,5%
12,2%
1,1%
91,9%
71,7%
7,3%
27,5%
0,8%
0,3%
2009
( )
72,9%
65,8%
19,5%
12,2%
1,1%
3 400 000 000
4 851 000 000
Total 3 400 000 000
Total 4 851 000 000
2009
72,9%
65,8%
514 415 000
478 324 000
Total 514 415 000
Total 478 324 000
current accounts and deposits in banks
securities issued by the state
shares
securities issued by foreign entities
loans
72,9%
65,8%
19,5%
12,2%
1,1%
current accounts and deposits in banks
securities issued by the state
shares
corporate bonds
91,9%
71,7%
7,3%
27,5%
0,8%
0,3%
current accounts and deposits in banks
securities issued by the state
shares
units of investment funds in RM operating in compliance of the Investment Funds Law
receivables owed by policyholders
other receivables
loans
securities issued by foreign entities
real estate (not used for the insurance operations)
participations in affiliated entities
72,9%
65,8%
19,5%
12,2%
1,1%
current accounts and deposits in banks
securities issued by the state
shares
corporate bonds
real estate
receivables from policyholders
91,9%
71,7%
7,3%
27,5%
0,8%
0,3%
2009 life
current accounts and deposits in banks
securities issued by the state
corporate bonds
receivables from policyholders
Mathematical reserve
Unearned premium
Claims provisions
72,9%
65,8%
&A
Page &P
in thousand denars
in million denars
2008
2009
Technical Provisions - nonlife
Mathematical reserve
Other technical provisions - life
378834%
2.56%
20062007200820092010
Capital and reserves 2,6852,6623,6783,772
Solvency margin 8719671,041998
Capital and reserves/solvency margin / / 3.12.83.53.80.0
Profit272227198
20062007200820092010
Capital and reserves 2,6853,3584,256
Solvency margin 871967997
Capital and reserves/solvency margin / / 3.13.54.30.0
Profit272227198
2007
/
20052006200720082009
Gross Writen Premiums00000
Structure of premiums
Non-life0.00%0.00%0.00%0.00%0.00%
Life0.00%0.00%0.00%0.00%0.00%
Capital and reserves
Solvency margin
Capital and reserves/solvency margin
in million denars
Non-lifeLife
(in million denars)200720082009200720082009
Total Assets2,3244,1163,418350465514
Total Technical Provisions4,2074,8194,930358405478
Mathematical Provisions320335390
Assets Covering Technical Provisions\GDP0.66%1.03%0.86%0.10%0.12%0.13%
Technical provisions\GDP1.19%1.21%1.24%0.10%0.10%0.12%
Mathematical Provisions\GDP0.09%0.00%0.10%
20062007200820092010
ROA nonlifeROA 2.06%2.13%1.96%-1.69%
ROE nonlifeROE / 9.50%7.10%5.72%-5.00%
ROA lifeROA -1.89%0.81%-2.04%1.85%
ROE lifeROE -8.23%2.22%-3.87%3.78%
ROAROA 1.86%2.05%1.66%-1.40%
ROEROE8.58%6.77%4.65%-3.99%
ROA
ROE
Investments of Technical Provisionsnon-life
2007200820092010 1Q2010 2Q2010 3Q2010
Bank accounts and deposits 1,617,5191,809,7992,157,430
Securities isuued by the state 197,626570,361548,857
Shares462,654337,094287,701
Corporate bond 30,38449,165
Investment funds 1,4008,202
National bureau 68,054107,287
Real estate
Loans
Other59,29555,9719,441
life
2007200820092010 1Q2010 2Q2010 3Q2010
Bank accounts and deposits 39,980295,368262,027
Securities isuued by the state 3,160114,532242,821
Shares2,1481,3880
Corporate bond 1,882
Investment funds
National bureau
Real estate
Loans
Other
Investments of Capital
2007200820092010 1Q2010 2Q2010 3Q2010
Bank accounts and deposits 911,4391,090,8771,431,101
Securities isuued by the state 49,669153,300251,414
Shares10,38210,3825,076
Corporate bond
Investment funds 12,03020,92226,777
National bureau
Real estate314,474713,690603,073
Loans185,573163,80878,337
Other3,708
2007200820092010 1Q2010 2Q2010 3Q2010
Bank accounts and deposits 45,884229,499202,824
Securities isuued by the state 134,811118,176
Shares
Corporate bond
Investment funds
National bureau
Real estate46,31138,986
Loans9,6357,345
Other
Investments
2007200820092010 1Q2010 2Q2010 3Q2010
Bank accounts and deposits 2,528,9582,900,6763,588,531
Securities isuued by the state 247,295723,661800,271
Shares473,036347,476292,777
Corporate bond 030,38449,165
Investment funds 12,03022,32234,979
National bureau 68,0540107,287
Real estate314,474713,690603,073
Loans185,573163,80878,337
Other59,29555,97113,149
2007200820092010 1Q2010 2Q2010 3Q2010
Bank accounts and deposits 85,864524,867464,851
Securities isuued by the state 3,160249,343360,997
Shares2,1481,3880
Corporate bond 001,882
Investment funds 000
National bureau 000
Real estate46,31138,9860
Loans09,6357,345
Other000
2007200820092010 1Q2010 2Q2010 3Q2010
Bank accounts and deposits 2,614,8223,425,5434,053,382
Securities isuued by the state 250,455973,0041,161,268
Shares475,184348,864292,777
Corporate bond 030,38451,047
Investment funds 12,03022,32234,979
National bureau 68,0540107,287
Real estate360,785752,676603,073
Loans185,573173,44385,682
Other59,29555,97113,149
-
-
-
-
-
-
Thousand denars
Bank accounts and deposits
Securities isuued by the state
Shares
Corporate bond
Investment funds
National bureau
Real estate
Loans
Other
Thousand denars
Bank accounts and deposits
Securities isuued by the state
Shares
Corporate bond
Investment funds
National bureau
Other
Thousand denars
Bank accounts and deposits
Securities isuued by the state
Shares
Corporate bond
Thousand denars
Bank accounts and deposits
Securities isuued by the state
Shares
Investment funds
Real estate
Loans
Other
Thousand denars
Bank accounts and deposits
Securities isuued by the state
Real estate
Loans
Thousand denars
Bank accounts and deposits
Securities isuued by the state
Shares
Corporate bond
Real estate
Loans
Thousand denars
Bank accounts and deposits
Securities isuued by the state
Shares
Corporate bond
Investment funds
National bureau
Real estate
Loans
Other
2006200720082009
311,710,863310,660,678275,818,962-100,848,992
-94,104,97077,634,59812,803,100-356,425,070
- 405,815,833233,026,080263,015,862255,576,078
94,104,970-255,576,078
Investment Technical Provisions (nonlife)
Investment Technical Provisions (life)
Investment Capital (life)
Investment Capital (nonlife)
Investment (nonlife)
Investment (life)
Investment
311710863-9410497040581583394104970
31066067877634598233026080
27581896212803100263015862
-100848992-356425070255576078-255576078
-
-
-
1.1%
1.7%2.10%0%3.10%3.78% 0.30%0.40%
1.8%9.40%19.50%8.20%6.23%0.80%
3.2% 43.30%7.50%13.90%11.89% 10.70%7.30%24.70%51.40%
5.4% 45.20%72.90%44.00%46.74% 89.30%91.90%64.20%55.47%
2.8%
0.4160.2210.18720050.175
0.4520.4330.09400.021
0.72934595520.07530120480.195352839900
0.44071914480.13945578230.08187560740.00728862970
0.63107080160.1603276770.083967232300.0005851375
72,9%
65,8%
19,5%
12,2%
1,1%
2006200620062006
2007200720072007
2008200820082008
2009200920092009
2006200620062006
2007200720072007
2008200820082008
2009200920092009
-
: 3 10% : 1234,94 ( 1352,27, 4496,42)
Chart1
0.1473633128
0.2128760919
0.165480427
0.0671303785
0.0493367842
0.0991588483
0.0276609511
0.0582335814
0.0820122938
0.0402782271
0.0054998382
0.0182788742
0.0266903915
: 1, 3, 4, 5, 6, 7,9,10,117 , Worksheet Capital14
1 8 415
3 9 16 Investments
3 110 ,Technical Reserves
4 11 ,Capital Technical Reserves
5 4Q 1 12 5
6 13 1 10
!!!!
:
20091
2
20093
20093
20094
20095
20096
20097
20098
20099
200910 ( )
200911
200912
200913 ,
200914
200915
200916
( )
,
1
200520062007200820092010201120122013
GDP354,322,000398,640,000396,496,000
Total premiums '000 ( )5,105,0005,445,0006,109,0006,421,4356,182,401
Total premiums nonlife 6,154,8195,881,584
Total premiums life 266,670300,817
Total Number of Contracts 000943,2251,018,748
Number of contracts nonlife 923,810996,028
Number of contracts life 19,41522,720
Citiziens2,038,8552,040,2282,044,3082,048,3972,052,494
(, )5,1055,4456,1096,4216,182
(, )4,9965,3295,9386,1555,882
(, )109116171267301
Premiums per capita (left scale) / ( )2,5042,6692,9883,1353,012
Premiums pre capita nonlife 2,866
Premiums per capita life 147
Gross premiums in GDP (right scale) / ( )1.75%1.75%1.72%1.61%1.56%
Gross premiums nonlife in GDP 1.5%
Gross premiums life in GDP 0.1%
Annual growth rate of gross premiums (right scale) ( )6.7%6.7%12.2%5.1%-3.7%
1
&A
Page &P
/ ( )
/ ( )
(, )
2
: %
2008201020112012
TotalLife assuranceNon-life insuranceTotalLife assuranceNon-life insuranceTotalLife assuranceNon-life insuranceTotalLife assuranceNon-life insurance
USA8.70%4.10%4.60%
Canada7.00%3.20%3.80%
EU6.00%3.48%2.52%
Serbia1.80%0.20%1.60%
Croatia3.20%0.80%2.40%
Slovenia5.40%1.70%3.70%
Bulgaria2.80%0.40%2.40%
Romania1.80%0.40%1.40%
Macedonia1.64%0.07%1.57%
2008
&A
Page &P
Premiums per capita (left scale)
Gross premiums in GDP (right scale)
Annual growth rate of gross premiums (right scale)
&C&"Times New Roman,Regular"&12&A
&C&"Times New Roman,Regular"&12Page &P
2
3
Relative Difference 09-08 3QRelative Difference 09-08
2008 3Q2009 3Q20082009
09-08 3Q 09-08
2008 3Q2009 3Q20082009
Number of contract 334,537359,6057.49%452,228477,9025.68%
Gross written premium ()243,851210,370-14%316,932281,000-11%
31693282813003
Total
Life assurance
Non-life insurance
3
2008
2009
09-08
3.169.328.000
2.813.003.000
3
2008
2009
Relative Difference 09-08
3 169 328 000.
2 813 003 000
4
Relative Difference 09-08Relative Difference 09-08
200820092010
* 1000 09-08 10-09
200820092010
nonlifeNumber of contract 923,810996,0287.82%0-100.00%
Gross written premium ()615,482588,158-4.4%0-100%
lifeNumber of contract 19,41522,72017.02%0-100.00%
Gross written premium ()26,66730,08212.8%0-100%
totalNumber of contract 943,2251,018,7488.01%0-100.00%
Gross written premium ()642,144618,240-3.7%0-100%
4
()
2008
2009
09-08
6 154 820 000.
266 670 000
5 882 086 000
300 817 000
5
2008
2009
Relative Difference 09-08
6 154 820 000.
266 670 000
5 882 086 000
300 817000
6
Absolute Difference 09-08 1QRelative Difference 09-08 1QAbsolute Difference 09-08 2QRelative Difference 09-08 2QAbsolute Difference 09-08 3QRelative Difference 09-08 3QAbsolute Difference 09-08Relative Difference 09-08Absolute Difference 10-09 1QRelative Difference 10-09 1QAbsolute Difference 10-09 2QRelative Difference 10-09 2QAbsolute Difference 10-09 3QRelative Difference 10-09 3QAbsolute Difference 10-09Relative Difference 10-09 3Q
2008 1Q2009 1Q2008 2Q2009 2Q2007 3Q2008 3Q2009 3Q200820092010 1Q2010 2Q2010 3Q2010
A 09-08 1Q 09-08 1QA 09-08 2Q 09-08 2QA 09-08 3Q 09-08 3QA 09-08 09-08A 10-09 1Q 10-09 1QA 10-09 2Q 10-09 2QA 10-09 3Q 10-09 3QA 10-09 10-09
2008 1Q2009 1Q2008 2Q2009 2Q2007 3Q2008 3Q2009 3Q200820092010 1Q2010 2Q2010 3Q2010
Property insurance15215863.95%506531255%1007737726-11-1%12071189-18-1%-158-100%-531-100%-726-100%-1189-100%
Motor-vehicle insurance (casco) -1781971910.67%393416236%468616608-8-1%830809-21-3%-197-100%-416-100%-608-100%-809-100%
Accident insurance144158149.72%2963323612%382413451389%552577255%-158-100%-332-100%-451-100%-577-100%
Third-party liabilty insuranceA.O.627574-53-8.45%15821327-255-16%220524392104-335-14%31692813-356-11%-574-100%-1327-100%-2104-100%-2813-100%
Insurance of travel 2534936.00%56772138%811001121212%151144-7-5%-34-100%-77-100%-112-100%-144-100%
Other non-life insurance 8763-24-27.59%1181331513%1251711952414%24634910342%0-63-100%0-133-100%0-195-100%0-349-100%
Life assurance5055510.00%941717782%1251762042816%2673013413%-55-100%-171-100%-204-100%-301-100%
Total12631239-24-1.90%30452987-58-2%439346524400-252-5%64226182-240-4%-1239-100%-2987-100%-4400-100%-6182-100%
6
2008 1Q
2009 1Q
09-08 1Q
7
2008 2Q
2009 2Q
09-08 2Q
8
2008 3Q
2009 3Q
09-08 3Q
9
2008 1Q
2009 1Q
Relative Difference 09-08 1Q
in million denars
10
2008 2Q
2009 2Q
Relative Difference 09-08 2Q
in million denars
11
2008 3Q
2009 3Q
Relative Difference 09-08 3Q
in million denars
12
2008
2009
09-08
13
2008
2009
Relative Difference 09-08
in million denars
14
in million denars 200520062Q 20073Q 200720072Q 20083Q 200820082Q 20093Q 200920091Q 20102Q 20103Q 20102010
Total Premiums 5,1055,4452,6924,3946,1093,0454,6526,4212,9884,3996,1820
340664353258312-57-253-239-2,988-4,399-6,1820
6.7%12.2%13.1%5.9%5.1%-1.9%-5.4%-3.7%-100.0%-100.0%-100.0%0.0%
Premiums - nonlife insurance 4,9965,3302,5964,2695,9382,9274,48161552,8554,2045,8820
334608331212217-72-277-273-2,855-4,204-5,8820
6.7%11.4%12.8%5.0%3.7%-2.5%-6.2%-4.4%-100.0%-100.0%-100.0%0.0%
97.86%97.89%97.20%95.86%95.13%0.00%0.00%
Premiums - life assurance 109116961251711181712671331953010
755224696152434-133-195-3010
6.4%47.4%22.9%36.8%56.1%12.7%14.0%12.7%-100.0%-100.0%-100.0%0.0%
2.14%2.13%2.80%4.16%4.87%0.00%0.00%
200506-0507-06 2Q07-06 3Q07-0608-07 2Q08-07 3Q08-0709-08 2Q09-08 3Q09-0810-09 1Q10-09 2Q10-09 3Q10-09
Total (left scale) ( )340664353258312-57-253-239-2,988-4,399-6,1820
Non-life insurance (left scale) ( )334608331212217-72-277-273-2,855-4,204-5,8820
Life assurance (left scale) ( )755224696152434-133-195-3010
Total (right scale) ( )6.7%12.2%13.1%5.9%5.1%-1.9%-5.4%-3.7%-100.0%-100.0%-100.0%0.0%
Non-life insurance (right scale) ( )6.7%11.4%12.8%5.0%3.7%-2.5%-6.2%-4.4%-100.0%-100.0%-100.0%0.0%
Life assurance (left scale) ( )6.4%47.4%22.9%36.8%56.1%12.7%14.0%12.7%-100.0%-100.0%-100.0%0.0%
14
353331220.13112927190.12750385210.2291666667
-57-7215-0.0187192118-0.02459856510.1271186441
Total (left scale)
Non-life insurance (left scale)
Life assurance (left scale)
Total (right scale)
Non-life insurance (right scale)
Life assurance (left scale)
in million denars
5,1%
3,7%
56,1%
15
258212460.05871643150.0496603420.368
-253-27724-0.0543852107-0.06181655880.1403508772
Total (left scale)
Non-life insurance (left scale)
Life assurance (left scale)
Total (right scale)
Non-life insurance (right scale)
Life assurance (left scale)
in million denars
5,1%
3,7%
56,1%
16
Total (left scale)
Non-life insurance (left scale)
Life assurance (left scale)
Total (right scale)
Non-life insurance (right scale)
Life assurance (left scale)
in million denars
06-05
06-05
06-05
0
0
0
07-06
07-06
07-06
08-07
08-07
08-07
09-08
09-08
09-08
340
334
7
0.0666013712
0.0668534828
0.0642201835
664
608
55
0.1219467401
0.1140712946
0.474137931
312
217
96
0.0510721886
0.036544291
0.5614035088
-238.599
-273.416
33.817
-0.0371591652
-0.0444217709
0.1266554307
( )
( )
( )
( )
( )
( )
5,1%
3,7%
56,1%
Sheet1
000
( )
( )
( )
( )
( )
( )
( )
( )
( )
( )
( )
( )
5,1%
3,7%
56,1%
participationparticipationparticipationparticipationparticipationparticipationparticipation
20072007200820082009200920102010201120112012201220132013
QBE1,30721.4%1,36821.3%91114.7%0.0%0.0%0.0%0.0%
Vardar1,55525.5%1,18618.5%1,31621.3%0.0%0.0%0.0%0.0%
Sava Tabak 87714.3%1,00415.6%1,02316.5%0.0%0.0%0.0%0.0%
Euroins2754.5%2724.2%4156.7%0.0%0.0%0.0%0.0%
Winer3255.3%3325.2%3054.9%0.0%0.0%0.0%0.0%
Eurolink5268.6%6069.4%6139.9%0.0%0.0%0.0%0.0%
Insig1983.2%5759.0%1712.8%0.0%0.0%0.0%0.0%
Uniqa2854.7%1903.0%3605.8%0.0%0.0%0.0%0.0%
Os.Policy. 5689.3%3675.7%5078.2%0.0%0.0%0.0%0.0%
Albsig761.2%1432.2%2494.0%0.0%0.0%0.0%0.0%
Croatia non-life -340.5%
Croatia life490.8%2874.5%1131.8%0.0%0.0%0.0%0.0%
Grawe691.1%911.4%1652.7%0.0%0.0%0.0%0.0%
6,1096,4216,1820000
2007
2008
2009
participation
participation
participation
Shareholders2006200720082009201020112012
Foreign shareholders 66.4%75.1%83.0%80.8%0.0%0.0%0.0%
Foreign legal entites 66.4%74.8%82.7%80.6%
Natural persons-nonresidents 0.0%0.3%0.2%0.2%
Doestic shareholders 25.1%18.9%12.9%15.7%0.0%0.0%0.0%
Domestic legal entities 12.1%7.5%5.3%6.7%
Natural persons - residents 13.0%11.4%7.7%9.0%
State8.5%5.9%4.1%3.5%
TOTAL100.0%100.0%100.0%100.0%0.0%0.0%0.0%
Natural persons-nonresidents
Foreign legal entites
Natural persons - residents
Domestic legal entities
State
2009
in million denars
Class2006200720072Q 20082Q 20083Q20083Q2008200820082Q 20092Q 20093Q20093Q2009200920091Q 20101Q 20102Q 20102Q 20103Q 20103Q 201020103Q 2010
Property insurance 13491,30421.35%50616.62%73716.62%120718.8%53117.77%72616.50%118919.2%00.0%00.0%00.00%00.00%
Motor-vehicle insurance (casco) -60369511.37%39312.91%61612.91%83012.9%41613.94%60813.82%80913.1%00.00%00.00%00.00%00.00%
Accident insurance5045488.98%2969.72%4139.72%5528.6%33211.12%45110.25%5779.3%00.00%00.00%00.00%00.00%
Motor-vehicle responsibility 25843,08650.52%1,58251.95%2,43951.95%316949.3%1,32745.41%2,10447.82%281345.5%00.00%00.00%00.00%00.00%
Insurance of travel 110981.61%561.85%1001.85%1512.4%772.59%1122.55%1442.3%00.00%00.00%00.00%00.00%
Other non-life insurance - 2063.38%943.09%1763.09%2674.2%1714.72%2044.64%3495.6%00.00%00.00%00.00%00.00%
Life assurance 1161712.80%1183.86%1713.86%2463.8%1334.45%1954.43%3014.9%00.00%00.00%00.00%00.00%
TOTAL6,1093,0454,65264222,9874,40061820000
2009
2009
2007
2007
21,3%
11,4%
9,0%
50,5%
1,6%
2,8%
3,4%
2008
2008
18,8%
12,9%
8,6%
49,4%
2,4%
4,2%
3,8%
2Q 2008
2Q 2008
2Q 2009
2Q 2009
3Q2008
3Q 2008
3Q2009
3Q 2009
2007
2007
21,3%
11,4%
9,0%
50,5%
1,6%
2,8%
3,4%
2008
2008
18,8%
12,9%
8,6%
49,4%
2,4%
4,2%
3,8%
2Q 2008
2Q 2008
2Q 2009
2Q 2009
3Q2008
3Q 2008
3Q2009
3Q 2009
2008
2008
2009
2009
2008
2008
2009
2009
ASSETS200520062007200820092010201120122013
Non-material and material investments 8.9%8.8%11.5%11.9%10.9%
Investments in connected entities and other financial entities 9.7%11.1%17.5%18.3%24.1%
Receivables based on insurance activities 28.9%26.2%34.9%33.5%30.7%
Other receivables 12.1%12.9%22.9%22.2%23.1%
Cash and securities 8.0%6.4%6.2%11.2%8.3%
Other assets 32.4%34.5%7.0%2.8%3.0%
Total Assets 12,202,707,583
LIABILITIES200520062007200820092010201120122013
Capital and provisions 18.5%18.4%30.3%35.7%35.1%
Technical provisions 30.9%29.7%41.7%41.5%41.7%
Other liabilities 50.5%52.0%28.0%22.8%23.2%
Total Liabilities 12,202,707,602
Assets structureLiabilities structureLiabilities structure
11,5%
11,9%
17,5%
18,3%
34,9%
33,5%
22,9%
22,2%
6,2%
11,2%
7,0%
2,8%
Capital and provisions
Technical provisions
Other liabilities
Capital and provisions
Technical provisions
Other liabilities
Non-material and material investments
Investments in connected entities and other financial entities
Receivables based on insurance activities
Other receivables
Cash and securities
Other assets
11,5%
11,9%
17,5%
18,3%
34,9%
33,5%
22,9%
22,2%
6,2%
11,2%
7,0%
2,8%
Assets Covering Technical Provision . . .
non-life insirance 2005200620072007200820082008200920092009201020102009
current accounts and deposits in banks 41.6%45.2%1,69572.9%1,81444.1%37.6%2,15763.1%43.8%0.0%0.0%
securities issued by the state 22.1%43.3%1757.5%57413.9%11.9%54816.0%11.1%0.0%0.0%
shares18.7%9.4%45419.5%3378.2%7.0%2878.4%5.8%0.0%0.0%
units of investment funds in RM operating in compliance of the Investment Funds Law 10.0%0.0%80.2%0.2%0.0%
receivables owed by policyholders 1,13027.5%23.4%0.0%0.0%0.0%
other receivables 1313.2%2.7%712.1%1.4%0.0%
loans17.5%2.1%0.0%0.0%0.0%20.1%0.0%0.0%0.0%
securities issued by foreign entities 0.0%00.0%300.7%0.6%00.0%0.0%0.0%0.0%
real estate (not used for the insurance operations) ( )992.4%2.1%3359.8%6.8%0.0%
participations in affiliated entities 00.0%0.0%100.3%0.2%0.0%
TOTAL2,3244,11685.41%3,41869.33%00.00%
Technical Provisions - nonlife
Unearned premium 2,18351.9%2,49151.7%2,40648.8%0.0%
Bonuses and rebates 811.9%501.0%240.5%0.0%
Claims provisions 1,94146.1%2,27547.2%2,49850.7%0.0%
Other technical provisions 20.0%30.1%20.0%0.0%
Total:4,2074,8194,930000
life assurance 200520062007200720082008200820092009200820102010
current accounts and deposits in banks 100%89.30%321,23791.9%298,18264.2%73.7%262,36851.0%54.9%0.0%
securities issued by the state 10.70%25,5757.3%114,53224.7%28.3%242,82047.2%50.8%0.0%
shares2,7780.8%1,3880.3%0.3%00.0%0.0%0.0%
corporate bonds 1,8600.4%0.5%1,8820.4%0.4%0.0%
real estate38,9878.4%9.6%00.0%0.0%
receivables from policyholders 9,6362.1%2.4%7,3451.4%1.5%
TOTAL349,590464,585514,415107.55%0
Technical Provisions - life
Unearned premium 37,34866,00878,58816%0%
Bonuses and rebates 0000%0%
Claims provisions 6123,7549,4522%0%
Mathematical reserve 320,371335,099390,28482%0%
Other technical provisions - life 0000%0%
Total - math.provision-. 37,96069,76288,040
Total:358,331404,861478,3240
Assets covering the technical provisions (in million denars) ( .)2005200620072008 08/07% 08/072009 09/08% 09/082010 10/09% 10/09
Non-life insurance 2,3242,75843418.7%-2,758-100.0%00.0%
Life assurance 3504166618.9%-416-100.0%00.0%
TOTAL131516282,6743,17450018.7%0-3,174-100.0%000.0%
2009 non-life
current accounts and deposits in banks
securities issued by the state
shares
units of investment funds in RM operating in compliance of the Investment Funds Law
receivables owed by policyholders
other receivables
loans
securities issued by foreign entities
real estate (not used for the insurance operations)
participations in affiliated entities
Unearned premium
Bonuses and rebates
Claims provisions
72,9%
65,8%
19,5%
12,2%
1,1%
72,9%
65,8%
19,5%
12,2%
1,1%
91,9%
71,7%
7,3%
27,5%
0,8%
0,3%
() ()
( )
72,9%
65,8%
19,5%
12,2%
1,1%
91,9%
71,7%
7,3%
27,5%
0,8%
0,3%
2009
( )
72,9%
65,8%
19,5%
12,2%
1,1%
3 400 000 000
4 851 000 000
Total 3 400 000 000
Total 4 851 000 000
2009
72,9%
65,8%
514 415 000
478 324 000
Total 514 415 000
Total 478 324 000
current accounts and deposits in banks
securities issued by the state
shares
securities issued by foreign entities
loans
72,9%
65,8%
19,5%
12,2%
1,1%
current accounts and deposits in banks
securities issued by the state
shares
corporate bonds
91,9%
71,7%
7,3%
27,5%
0,8%
0,3%
current accounts and deposits in banks
securities issued by the state
shares
units of investment funds in RM operating in compliance of the Investment Funds Law
receivables owed by policyholders
other receivables
loans
securities issued by foreign entities
real estate (not used for the insurance operations)
participations in affiliated entities
72,9%
65,8%
19,5%
12,2%
1,1%
current accounts and deposits in banks
securities issued by the state
shares
corporate bonds
real estate
receivables from policyholders
91,9%
71,7%
7,3%
27,5%
0,8%
0,3%
2009 life
current accounts and deposits in banks
securities issued by the state
corporate bonds
receivables from policyholders
Mathematical reserve
Unearned premium
Claims provisions
72,9%
65,8%
&A
Page &P
in thousand denars
in million denars
2008
2009
Technical Provisions - nonlife
Mathematical reserve
Other technical provisions - life
378834%
2.56%
20062007200820092010
Capital and reserves 2,6852,6623,6783,772
Solvency margin 8719671,041998
Capital and reserves/solvency margin / / 3.12.83.53.80.0
Profit272227198
20062007200820092010
Capital and reserves 2,6853,3584,256
Solvency margin 871967997
Capital and reserves/solvency margin / / 3.13.54.30.0
Profit272227198
2007
/
20052006200720082009
Gross Writen Premiums00000
Structure of premiums
Non-life0.00%0.00%0.00%0.00%0.00%
Life0.00%0.00%0.00%0.00%0.00%
Capital and reserves
Solvency margin
Capital and reserves/solvency margin
in million denars
Non-lifeLife
(in million denars)200720082009200720082009
Total Assets2,3244,1163,418350465514
Total Technical Provisions4,2074,8194,930358405478
Mathematical Provisions320335390
Assets Covering Technical Provisions\GDP0.66%1.03%0.86%0.10%0.12%0.13%
Technical provisions\GDP1.19%1.21%1.24%0.10%0.10%0.12%
Mathematical Provisions\GDP0.09%0.00%0.10%
20062007200820092010
ROA nonlifeROA 2.06%2.13%1.96%-1.69%
ROE nonlifeROE / 9.50%7.10%5.72%-5.00%
ROA lifeROA -1.89%0.81%-2.04%1.85%
ROE lifeROE -8.23%2.22%-3.87%3.78%
ROAROA 1.86%2.05%1.66%-1.40%
ROEROE8.58%6.77%4.65%-3.99%
ROA
ROE
Investments of Technical Provisionsnon-life
2007200820092010 1Q2010 2Q2010 3Q2010
Bank accounts and deposits 1,617,5191,809,7992,157,430
Securities isuued by the state 197,626570,361548,857
Shares462,654337,094287,701
Corporate bond 30,38449,165
Investment funds 1,4008,202
National bureau 68,054107,287
Real estate
Loans
Other59,29555,9719,441
life
2007200820092010 1Q2010 2Q2010 3Q2010
Bank accounts and deposits 39,980295,368262,027
Securities isuued by the state 3,160114,532242,821
Shares2,1481,3880
Corporate bond 1,882
Investment funds
National bureau
Real estate
Loans
Other
Investments of Capital
2007200820092010 1Q2010 2Q2010 3Q2010
Bank accounts and deposits 911,4391,090,8771,431,101
Securities isuued by the state 49,669153,300251,414
Shares10,38210,3825,076
Corporate bond
Investment funds 12,03020,92226,777
National bureau
Real estate314,474713,690603,073
Loans185,573163,80878,337
Other3,708
2007200820092010 1Q2010 2Q2010 3Q2010
Bank accounts and deposits 45,884229,499202,824
Securities isuued by the state 134,811118,176
Shares
Corporate bond
Investment funds
National bureau
Real estate46,31138,986
Loans9,6357,345
Other
Investments
2007200820092010 1Q2010 2Q2010 3Q2010
Bank accounts and deposits 2,528,9582,900,6763,588,531
Securities isuued by the state 247,295723,661800,271
Shares473,036347,476292,777
Corporate bond 030,38449,165
Investment funds 12,03022,32234,979
National bureau 68,0540107,287
Real estate314,474713,690603,073
Loans185,573163,80878,337
Other59,29555,97113,149
2007200820092010 1Q2010 2Q2010 3Q2010
Bank accounts and deposits 85,864524,867464,851
Securities isuued by the state 3,160249,343360,997
Shares2,1481,3880
Corporate bond 001,882
Investment funds 000
National bureau 000
Real estate46,31138,9860
Loans09,6357,345
Other000
2007200820092010 1Q2010 2Q2010 3Q2010
Bank accounts and deposits 2,614,8223,425,5434,053,382
Securities isuued by the state 250,455973,0041,161,268
Shares475,184348,864292,777
Corporate bond 030,38451,047
Investment funds 12,03022,32234,979
National bureau 68,0540107,287
Real estate360,785752,676603,073
Loans185,573173,44385,682
Other59,29555,97113,149
-
-
-
-
-
-
Thousand denars
Bank accounts and deposits
Securities isuued by the state
Shares
Corporate bond
Investment funds
National bureau
Real estate
Loans
Other
Thousand denars
Bank accounts and deposits
Securities isuued by the state
Shares
Corporate bond
Investment funds
National bureau
Other
Thousand denars
Bank accounts and deposits
Securities isuued by the state
Shares
Corporate bond
Thousand denars
Bank accounts and deposits
Securities isuued by the state
Shares
Investment funds
Real estate
Loans
Other
Thousand denars
Bank accounts and deposits
Securities isuued by the state
Real estate
Loans
Thousand denars
Bank accounts and deposits
Securities isuued by the state
Shares
Corporate bond
Real estate
Loans
Thousand denars
Bank accounts and deposits
Securities isuued by the state
Shares
Corporate bond
Investment funds
National bureau
Real estate
Loans
Other
2006200720082009
311,710,863310,660,678275,818,962-100,848,992
-94,104,97077,634,59812,803,100-356,425,070
- 405,815,833233,026,080263,015,862255,576,078
94,104,970-255,576,078
Investment Technical Provisions (nonlife)
Investment Technical Provisions (life)
Investment Capital (life)
Investment Capital (nonlife)
Investment (nonlife)
Investment (life)
Investment
311710863-9410497040581583394104970
31066067877634598233026080
27581896212803100263015862
-100848992-356425070255576078-255576078
-
-
-
1.1%
1.7%2.10%0%3.10%3.78% 0.30%0.40%
1.8%9.40%19.50%8.20%6.23%0.80%
3.2% 43.30%7.50%13.90%11.89% 10.70%7.30%24.70%51.40%
5.4% 45.20%72.90%44.00%46.74% 89.30%91.90%64.20%55.47%
2.8%
0.4160.2210.18720050.175
0.4520.4330.09400.021
0.72934595520.07530120480.195352839900
0.44071914480.13945578230.08187560740.00728862970
0.63107080160.1603276770.083967232300.0005851375
72,9%
65,8%
19,5%
12,2%
1,1%
2006200620062006
2007200720072007
2008200820082008
2009200920092009
2006200620062006
2007200720072007
2008200820082008
2009200920092009
-
Chart1
43.515787959415.80757586662.7528438469
60.124368187417.01725592253.5331412104
61.66098879916.31433372783.7795591182
/
Premii
20062007200820092010201120122013
GDP354,322,000398,640,000396,496,000
Total premiums '000 ()5,448,797,6886,102,063,9996,424,537,4696,207,573,746
Total premiums nonlife 5,343,314,5205,931,029,8976,158,749,1365,906,756,983
Total premiums life 105,483,168171,034,102265,788,333300,816,763
Premiums per capita (left scale) ( )5,4496,1026,4256,208
Premiums pre capita nonlife ( )5,3435,9316,1595,907
Premiums per capita life ( )105171266301
Annual growth rate of gross premiums (right scale) ( )6.66%11.99%5.28%-3.38%
Annual growth rate of gross premiums (right scale) ( )11.00%3.84%-4.09%
Annual growth rate of gross premiums (right scale) ( )62.14%55.40%13.18%
Premii
&A
Page &P
( )
( )
( )
( )
( )
( )
5
in million denars 200520062Q 20073Q 200720072Q 20083Q 200820082Q 20093Q 200920091Q 20102Q 20103Q 20102010
Total Premiums 5,1055,4452,6924,3946,1093,0454,6526,4212,9884,3996,1820
340664353258312-57-253-239-2,988-4,399-6,1820
6.7%12.2%13.1%5.9%5.1%-1.9%-5.4%-3.7%-100.0%-100.0%-100.0%0.0%
Premiums - nonlife insurance 4,9965,3302,5964,2695,9382,9274,48161552,8554,2045,8820
334608331212217-72-277-273-2,855-4,204-5,8820
6.7%11.4%12.8%5.0%3.7%-2.5%-6.2%-4.4%-100.0%-100.0%-100.0%0.0%
97.86%97.89%97.20%95.86%95.13%0.00%0.00%
Premiums - life assurance 109116961251711181712671331953010
755224696152434-133-195-3010
6.4%47.4%22.9%36.8%56.1%12.7%14.0%12.7%-100.0%-100.0%-100.0%0.0%
2.14%2.13%2.80%4.16%4.87%0.00%0.00%
200506-0507-06 2Q07-06 3Q07-0608-07 2Q08-07 3Q08-0709-08 2Q09-08 3Q09-0810-09 1Q10-09 2Q10-09 3Q10-09
Total (left scale) ( )340664353258312-57-253-239-2,988-4,399-6,1820
Non-life insurance (left scale) ( )334608331212217-72-277-273-2,855-4,204-5,8820
Life assurance (left scale) ( )755224696152434-133-195-3010
Total (right scale) ( )6.7%12.2%13.1%5.9%5.1%-1.9%-5.4%-3.7%-100.0%-100.0%-100.0%0.0%
Non-life insurance (right scale) ( )6.7%11.4%12.8%5.0%3.7%-2.5%-6.2%-4.4%-100.0%-100.0%-100.0%0.0%
Life assurance (left scale) ( )6.4%47.4%22.9%36.8%56.1%12.7%14.0%12.7%-100.0%-100.0%-100.0%0.0%
( )
( )
( )
( )
5
000000
Total (left scale)
Non-life insurance (left scale)
Life assurance (left scale)
Total (right scale)
Non-life insurance (right scale)
Life assurance (left scale)
in million denars
5,1%
3,7%
56,1%
Aktiva
000000
Total (left scale)
Non-life insurance (left scale)
Life assurance (left scale)
Total (right scale)
Non-life insurance (right scale)
Life assurance (left scale)
in million denars
5,1%
3,7%
56,1%
roe
000000
Total (left scale)
Non-life insurance (left scale)
Life assurance (left scale)
Total (right scale)
Non-life insurance (right scale)
Life assurance (left scale)
in million denars
0
0
0
0
0
0
0
0
0
( )
( )
( )
( )
( )
( )
5,1%
3,7%
56,1%
avto
000000
( )
( )
( )
( )
( )
( )
shteti
000000
( )
( )
( )
( )
( )
( )
5,1%
3,7%
56,1%
Investments
20062007200820092010201120122013
GDP354,322,000398,640,000396,496,000
Total assets MKD ()14,608,135,98511,074,519,77111,920,429,08512,202,707,583
Total assets nonlife 13,855,760,96810,447,579,32511,018,587,94011,193,958,907
Total assets life 752,375,017626,940,446901,841,1451,008,748,676
Premiums per capita (left scale) ( )14,60811,07511,92012,203
( )13,85610,44811,01911,194
( )7526279021,009
Annual growth rate of total assets (right scale) ( )-24.19%7.64%2.37%
( )-24.60%5.47%1.59%
( )-16.67%43.85%11.85%
Investments
&A
Page &P
( )
( )
( )
( )
( )
( )
Invest_Obraboteni
20062007200820092010
ROA non-lifeROA 2.06%2.13%1.96%-1.69%
ROA lifeROA -1.89%0.81%-2.04%1.85%
ROE non-lifeROE / 9.50%7.10%5.72%-5.00%
ROE lifeROE -8.23%2.22%-3.87%3.78%
20062007200820092010
ROA 2.06%2.13%1.96%-1.69%
ROE / 9.50%7.10%5.72%-5.00%
ROA -1.89%0.81%-2.04%1.85%
ROE -8.23%2.22%-3.87%3.78%
( )
( )
( )
( )
Invest_Obraboteni
ROA
ROA
ROE
ROE
Invest_Group
ROA
ROA
ROE
ROE
ROA
ROE
ROA
ROE
2008200920082009
149,792171,172553577
- 45,94448,735830809
- 8010471188
- 2,7952,5427667
49,88752,1381,3671,189
452,228477,9023,0082,813
1,5071,9695264
186,233211,013151144
35,34430,4514730
19,41522,720267301
2006200720082009
504376548307552552584818
- 603372694677829710809451
- 420813193871382187751
- 63910584357477866953
1348731130418112029491188873
2584477308619631693282813003
35573527295174064366
10980198063151145143890
37219631074706830161.9
115699171206266670293132
5447245611084664193306184407.9
Nezgoda577,1349.34%171,172552,5528.60%
Dobrovolno zdravstveno osiguruvawe24,8730.40%29,95730,1510.47%
Patni~ki vozila - kasko809,45113.09%48,735829,71012.92%
[inski vozila - kasko00.00%000.00%
Vozduhoplovi - kasko123,8432.00%3845,3730.71%
Plovni objekti - kasko7600.01%278680.01%
Stoka vo prevoz - kargo66,9531.08%2,54276,0451.18%
Imot od po`ar i prirodni nepogodi373,9106.05%18,014393,1956.12%
Ostanati osiguruvawa na imot814,96313.18%34,124974,25915.17%
Odgovornost od upotreba na motorni vozila2,813,00345.50%477,9023,007,57846.84%
Odgovornost od upotreba na vozduhoplovi63,9081.03%6626,0630.41%
Odgovornost od upotreba na plovni objekti1,6750.03%3131,4170.02%
Op{to osiguruvawe od odgovornost64,3661.04%1,96951,7400.81%
Osiguruvawe na krediti1090.00%81,3050.02%
Osiguruvawe na garancii2200.00%682110.00%
Osiguruvawe od finansiski zagubi2,5240.04%7813,2070.21%
Osiguruvawe na pravna za{tita00.00%000.00%
Osiguruvawe na turisti~ka pomo{143,8902.33%211,013151,1452.35%
Osiguruvawe na `ivot i rentno osiguruvawe300,8174.87%22,720266,6704.15%
VKUPNO NE@IVOT (1-18)5,881,58295.13%996,0266,154,81995.85%
VKUPNO @IVOT ( 19 )300,8174.87%22,720266,6704.15%
VKUPNO @IVOT I NE@IVOT6,182,399100.00%1,018,7466,421,489100.00%
2009200920082008
577134171172552552149792
- 8094514873582971045944
- 1877511047143680
- 669532542760452795
118887352138136745449887
28130034779023007578452228
643661969517401507
143890211013151145186233
30161304514715935344
3008172272026667019415
618239910187466421489943225
2008
2009
.
EBIT
2008
2009
Herfindahl
20062007200820092010
Loss ratio 69.65%71.02%72.42%
Combined Ratio 88.94%83.25%111.99%
Herfindahl
31.12.2007
000 .
.
1234571069811131214151617181919
1 180,000202,70672,620143,29270,76932,136131,67754,93323,30645,884911,43945,884957,3232,614,822
120,087682,084145,692143,5009,094102,000114,255131,299124,93113,39531,18213,34626,6341,617,51939,9801,657,499
2 00011,410
11,41011,410011,410
3 0000
000
4 0000
000
5 12,00015,00022,66949,669049,669239,045
129,78634,01522,4153,160186,2163,160189,376
6 , 10,38210,382010,382475,184
83,053148,268216,07815,2552,148462,6542,148464,802
7 1 2 0000
000
8 0000
000
9 12,03012,030012,03012,030
000
10 , 0000
000
11 , 0000
000
12 , 0000
000
13 , 0000
000
14 0000
000
15 2 89 00059,295
59,29559,295059,295
16194,24366,88053,35146,311314,47446,311360,785360,785
17 140,51311,68928,1035,268185,5730185,573185,573
18 29,9319,55713,87314,69368,054068,05468,054
190,382334,75690,599230,80984,620158,29270,76985,487131,67760,20145,97546,311045,8841,483,56792,1951,575,762
233,071841,762361,770143,50068,389256,598162,143145,992124,93113,39553,59715,494029,7942,405,14845,2882,450,436
423,4531,176,518452,369374,309153,009414,890232,912231,479256,60873,59699,57261,805075,6783,888,715137,4834,026,198
000
000
000
- 190,382334,75690,599230,80984,620158,29270,76985,487131,67760,20145,97546,311045,8841,483,56792,1951,575,762
- 233,071841,762361,770143,50068,389256,598162,143145,992124,93113,39553,59715,494029,7942,405,14845,2882,450,436
- 423,4531,176,518452,369374,309153,009414,890232,912231,479256,60873,59699,57261,805075,6783,888,715137,4834,026,198
31.12.2008
000 .
.
1234571069811131214151617181919
1 274,00034,500169,18983,006179,295130,136131,78188,97045,500183,9991,090,877229,4991,320,3763,425,543
241,899556,208164,571218,20946,39194,718151,542137,272158,16440,825215,12328,38251,8631,809,799295,3682,105,167
2 0000
000
3 0000
000
4 0000
000
5 57,82095,480134,811153,300134,811288,111973,004
308,283191,59317,44629,04123,99885,78228,750570,361114,532684,893
6 , 10,38210,382010,382348,864
81,94343,316207,2804,5551,388337,0941,388338,482
7 1 2 0000
000
8 0000
000
9 20,92220,922020,92222,322
1,4001,40001,400
10 , 0000
000
11 , 00030,384
30,38430,384030,384
12 , 0000
000
13 , 0000
000
14 0000
000
15 ' 2 89 0000
000
16181,421201,649273,94856,67238,986713,69038,986752,676752,676
17 154,1479,6618,797838163,8089,635173,443173,443
18 28,40012,36011,2143,99755,971055,97155,971
465,803355,796304,53134,500227,00983,006179,295186,808131,781184,450047,783180,311184,8372,152,979412,9312,565,910
352,242909,207371,851248,59346,391303,226180,202166,313158,16468,8200216,511114,16480,6132,805,009411,2883,216,297
818,0451,265,003676,382283,093273,400386,232359,497353,121289,945253,2700264,294294,475265,4504,957,988824,2195,782,207
969,052430,448436,677266,319153,726226,548179,295219,788131,782176,7900114,831189,221183,5703,190,425487,6223,678,047
000
000
- -503,249-74,652-132,146-231,81973,283-143,5420-32,980-17,6600-67,048-8,9101,267-1,037,446-74,691-1,112,137
- 352,242909,207371,851248,59346,391303,226180,202166,313158,16468,8200216,511114,16480,6132,805,009411,2883,216,297
- -151,007834,555239,70516,774119,674159,684180,202133,333158,16376,4800149,463105,25481,8801,767,563336,5972,104,160
31.12.2009
000 .
.
1234571069811131214151617181919
1 427,200203,847161,58546,284189,963114,516177,09942,01568,59219,300183,5241,431,101202,8241,633,9254,053,382
241,920731,027155,633203,845110,788177,000187,096140,381178,54127,5143,685168,29234,90058,8352,157,430262,0272,419,457
2 000104,814
7,40781,8951,61213,90090,91413,900104,814
3 0000
000
4 0001,693
1,6931,69301,693
5 142,287109,127118,176251,414118,176369,5901,054,761
177,296300145,48050,00083,174132,62196,300456,250228,921685,171
6 , 5,0765,07605,076292,777
36,72543,069202,6725,235287,7010287,701
7 1 2 0001,882
1,88201,8821,882
8 0000
000
9 26,77726,777026,77734,979
1,7026,5008,20208,202
10 , 00049,165
49,16549,165049,165
11 , 0000
000
12 , 0000
000
13 , 0000
000
14 0000
000
15 ' 2 89 3,7083,70803,70813,149
1,6937,7489,44109,441
1696,570198,893252,39155,219603,0730603,073603,073
17 062,5273,6543,3888,7686,67367278,3377,34585,68285,682
18 16,16116,05414,0199,67917,01020,27814,086107,2870107,287107,287
528,846261,420282,822207,235161,58546,284189,963169,735185,867184,302181,4276,673137,476184,1962,399,486328,3452,727,831
294,806960,501358,305272,450192,983341,734196,775207,391205,319132,5225,297168,292167,521170,9173,168,083506,7303,674,813
823,6521,221,921641,127479,685354,568388,018386,738377,126391,186316,824186,724174,965304,997355,1135,567,569835,0756,402,644
1,002,121495,369151,797207,850161,585259,038189,963244,039212,059184,303199,59392,258191,069191,3353,307,717474,6623,782,379
534,9821,423,832651,119272,118221,633327,658170,111326,019352,775132,51324,017168,670165,4594,436,777334,1294,770,906
1,537,1031,919,201802,916479,968383,218586,696360,074570,058564,834316,816223,61092,258359,739356,7947,744,494808,7918,553,285
- -473,275-233,949131,025-6150-212,7540-74,304-26,192-1-18,166-85,585-53,593-7,139-908,231-146,317-1,054,548
- -240,176-463,331-292,814332-28,65014,07626,664-118,628-147,4569-18,720168,292-1,1495,458-1,268,694172,601-1,096,093
- -713,451-697,280-161,789-283-28,650-198,67826,664-192,932-173,6488-36,88682,707-54,742-1,681-2,176,92526,284-2,150,641
184,637284,03762,693531,3670531,367
31.03.2010
000 .
.
1234571069811131214151617181919
1 0000
000
2 0000
000
3 0000
000
4 0000
000
5 0000
000
6 , 0000
000
7 1 2 0000
000
8 0000
000
9 0000
000
10 , 0000
000
11 , 0000
000
12 , 0000
000
13 , 0000
000
14 0000
000
15 ' 2 89 0000
000
160000
17 0000
18 0000
00000000000000000
00000000000000000
00000000000000000
000
000
000
- 00000000000000000
- 00000000000000000
- 00000000000000000
Loss ratio
Combined Ratio
CR5
31.12.2007
000 . 000 .
.
123457106981113121415161718191917181919
1 180,000202,70672,620143,29270,76932,136131,67754,93323,30645,884911,43945,884957,3232,614,822911,43945,884957,3232,614,822
120,087682,084145,692143,5009,094102,000114,255131,299124,93113,39531,18213,34626,6341,617,51939,9801,657,4991,617,51939,9801,657,4991,617,51967.25%39,98088.28%911,43961.44%45,88449.77%2,528,95865.03%85,86462.45%2,614,82264.95%
2 00011,41000000.00%0.00%000
11,41011,410011,41000.00%0.00%000
3 000000000.00%0.00%000
00000000.00%00.00%000
4 000000000.00%0.00%000
0000000.00%00.00%000
5 12,00015,00022,66949,669049,669239,04549,669049,669250,4550.00%0.00%000
129,78634,01522,4153,160186,2163,160189,376197,6263,160200,786197,6268.22%3,1606.98%49,6693.35%247,2956.36%3,1602.30%250,4556.22%
6 , 10,38210,382010,382475,18410,382010,382475,1840.00%0.00%0000.00%
83,053148,268216,07815,2552,148462,6542,148464,802462,6542,148464,802462,65419.24%2,1484.74%10,3820.70%473,03612.16%2,1481.56%475,18411.80%
7 1 2 000000000.00%0.00%000
00000000.00%00.00%000
8 000000000.00%0.00%000
00000000.00%00.00%000
9 12,03012,030012,03012,03012,030012,03012,0300.00%0.00%000
00000000.00%00.00%12,0300.81%12,0300.31%012,0300.30%
10 , 000000000.00%0.00%000
00000000.00%00.00%000
11 , 000000000.00%0.00%000
00000000.00%00.00%000
12 , 000000000.00%0.00%000
00000000.00%00.00%000
13 , 000000000.00%0.00%000
00000000.00%00.00%000
14 000000000.00%0.00%000
00000000.00%00.00%000
15 2 89 00059,29500059,2950.00%0.00%000
59,29559,295059,29559,295059,29559,2952.47%0.00%059,2951.52%059,2951.47%
16194,24366,88053,35146,311314,47446,311360,785360,785314,47446,311360,785360,7850.00%0.00%314,47421.20%46,31150.23%314,4748.09%46,31133.68%360,7858.96%
17 140,51311,68928,1035,268185,5730185,573185,573185,5730185,573185,5730.00%0.00%185,57312.51%185,5734.77%0185,5734.61%
18 29,9319,55713,87314,69368,054068,05468,05468,054068,05468,05468,0542.83%0.00%68,0541.75%068,0541.69%
190,382334,75690,599230,80984,620158,29270,76985,487131,67760,20145,97546,311045,8841,483,56792,1951,575,7621,483,56792,1951,575,7622,405,148100.00%45,288100.00%1,483,567100.00%92,195100.00%3,888,715100.00%137,483100.00%4,026,198100.00%
233,071841,762361,770143,50068,389256,598162,143145,992124,93113,39553,59715,494029,7942,405,14845,2882,450,4362,405,14845,2882,450,436
423,4531,176,518452,369374,309153,009414,890232,912231,479256,60873,59699,57261,805075,6783,888,715137,4834,026,1983,888,715137,4834,026,198
000000
000000
000000
- 190,382334,75690,599230,80984,620158,29270,76985,487131,67760,20145,97546,311045,8841,483,56792,1951,575,7621,483,56792,1951,575,762
- 233,071841,762361,770143,50068,389256,598162,143145,992124,93113,39553,59715,494029,7942,405,14845,2882,450,4362,405,14845,2882,450,436
- 423,4531,176,518452,369374,309153,009414,890232,912231,479256,60873,59699,57261,805075,6783,888,715137,4834,026,1983,888,715137,4834,026,198
31.12.2008
000 . 000 .
.
123457106981113121415161718191917181919
1 274,00034,500169,18983,006179,295130,136131,78188,97045,500183,9991,090,877229,4991,320,3763,425,5431,090,877229,4991,320,3763,425,543
241,899556,208164,571218,20946,39194,718151,542137,272158,16440,825215,12328,38251,8631,809,799295,3682,105,1671,809,799295,3682,105,1671,809,79964.52%295,36871.82%1,090,87750.67%229,49955.58%2,900,67658.51%524,86763.68%3,425,54359.24%
2 00000000000
000000000
3 00000000000
00000000000
4 00000000000
0000000000
5 57,82095,480134,811153,300134,811288,111973,004153,300134,811288,111973,004000
308,283191,59317,44629,04123,99885,78228,750570,361114,532684,893570,361114,532684,893570,36120.33%114,53227.85%153,3007.12%134,81132.65%723,66114.60%249,34330.25%973,00416.83%
6 , 10,38210,382010,382348,86410,382010,382348,864000
81,94343,316207,2804,5551,388337,0941,388338,482337,0941,388338,482337,09412.02%1,3880.34%10,3820.48%347,4767.01%1,3880.17%348,8646.03%
7 1 2 00000000000
00000000000
8 00000000000
00000000000
9 20,92220,922020,92222,32220,922020,92222,322000
1,4001,40001,4001,40001,4001,4000.05%20,9220.97%22,3220.45%022,3220.39%
10 , 00000000000
00000000000
11 , 00030,38400030,384000
30,38430,384030,38430,384030,38430,3841.08%030,3840.61%030,3840.53%
12 , 00000000000
00000000000
13 , 00000000000
00000000000
14 00000000000
00000000000
15 ' 2 89 00000000000
000000000000
16181,421201,649273,94856,67238,986713,69038,986752,676752,676713,69038,986752,676752,676713,69033.15%38,9869.44%713,69014.39%38,9864.73%752,67613.02%
17 154,1479,6618,797838163,8089,635173,443173,443163,8089,635173,443173,443163,8087.61%9,6352.33%163,8083.30%9,6351.17%173,4433.00%
18 28,40012,36011,2143,99755,971055,97155,97155,971055,97155,97155,9712.00%055,9711.13%00.00%55,9710.97%
465,803355,796304,53134,500227,00983,006179,295186,808131,781184,450047,783180,311184,8372,152,979412,9312,565,9102,152,979412,9312,565,9102,805,009100.00%411,288100.00%2,152,979100.00%412,931100.00%4,957,988100.00%824,219100.00%5,782,207100.00%
352,242909,207371,851248,59346,391303,226180,202166,313158,16468,8200216,511114,16480,6132,805,009411,2883,216,2972,805,009411,2883,216,297
818,0451,265,003676,382283,093273,400386,232359,497353,121289,945253,2700264,294294,475265,4504,957,988824,2195,782,2074,957,988824,2195,782,207
969,052430,448436,677266,319153,726226,548179,295219,788131,782176,7900114,831189,221183,5703,190,425487,6223,678,0473,190,425487,6223,678,047
000000
000000
- -503,249-74,652-132,146-231,81973,283-143,5420-32,980-17,6600-67,048-8,9101,267-1,037,446-74,691-1,112,137-1,037,446-74,691-1,112,137
- 352,242909,207371,851248,59346,391303,226180,202166,313158,16468,8200216,511114,16480,6132,805,009411,2883,216,2972,805,009411,2883,216,297
- -151,007834,555239,70516,774119,674159,684180,202133,333158,16376,4800149,463105,25481,8801,767,563336,5972,104,1601,767,563336,5972,104,160
31.12.2009
000 . 000 .
.
123457106981113121415161718191917181919
1 427,200203,847161,58546,284189,963114,516177,09942,01568,59219,300183,5241,431,101202,8241,633,9254,053,3821,431,101202,8241,633,9254,053,382
241,920731,027155,633203,845110,788177,000187,096140,381178,54127,5143,685168,29234,90058,8352,157,430262,0272,419,4572,157,430262,0272,419,4572,157,43068.10%262,02751.71%1,431,10159.64%202,82461.77%3,588,53164.45%464,85155.67%4,053,38263.31%
2 000104,8140000000
7,40781,8951,61213,90090,91413,900104,814000
3 00000000000
00000000000
4 0001,6930000000
1,6931,69301,69300000
5 142,287109,127118,176251,414118,176369,5901,054,761251,414118,176369,5901,161,268000
177,296300145,48050,00083,174132,62196,300456,250228,921685,171548,857242,821791,678548,85717.32%242,82147.92%251,41410.48%118,17635.99%800,27114.37%360,99743.23%1,161,26818.14%
6 , 5,0765,07605,076292,7775,07605,076292,777000
36,72543,069202,6725,235287,7010287,701287,7010287,701287,7019.08%5,0760.21%292,7775.26%0292,7774.57%
7 1 2 0001,8820001,882000
1,88201,8821,88201,8821,8821,8820.37%01,8820.23%1,8820.03%
8 00000000000
0000000000
9 26,77726,777026,77734,97926,777026,77734,979000
1,7026,5008,20208,2028,20208,2028,2020.26%26,7771.12%34,9790.63%034,9790.55%
10 , 00049,16500049,165000
49,16549,165049,16549,165049,16549,1651.55%49,165049,165
11 , 00000000000
0000000000
12 , 00000000000
0000000000
13 , 00000000000
0000000000
14 00000000000
0000000000
15 ' 2 89 3,7083,70803,70813,1493,70803,70813,149000
1,6937,7489,44109,4419,44109,4419,4410.30%3,7080.15%13,1490.24%013,1490.21%
1696,570198,893252,39155,219603,0730603,073603,073603,0730603,073603,073603,07325.13%603,07310.83%0603,0739.42%
17 062,5273,6543,3888,7686,67367278,3377,34585,68285,68278,3377,34585,68285,68278,3373.26%7,3452.24%78,3371.41%7,3450.88%85,6821.34%
18 16,16116,05414,0199,67917,01020,27814,086107,2870107,287107,287107,2870107,287107,287107,2873.39%107,2870107,2871.68%
528,846261,420282,822207,235161,58546,284189,963169,735185,867184,302181,4276,673137,476184,1962,399,486328,3452,727,8312,399,486328,3452,727,8316,402,6443,168,083100.00%506,730100.00%2,399,486100.00%328,345100.00%5,567,569100.00%835,075100.00%6,402,644100.00%
294,806960,501358,305272,450192,983341,734196,775207,391205,319132,5225,297168,292167,521170,9173,168,083506,7303,674,8133,168,083506,7303,674,813
823,6521,221,921641,127479,685354,568388,018386,738377,126391,186316,824186,724174,965304,997355,1135,567,569835,0756,402,6445,567,569835,0756,402,644
1,002,121495,369151,797207,850161,585259,038189,963244,039212,059184,303199,59392,258191,069191,3353,307,717474,6623,782,3793,307,717474,6623,782,379
534,9821,423,832651,119272,118221,633327,658170,111326,019352,775132,51324,017168,670165,4594,436,777334,1294,770,9064,436,777334,1294,770,906
1,537,1031,919,201802,916479,968383,218586,696360,074570,058564,834316,816223,61092,258359,739356,7947,744,494808,7918,553,2857,744,494808,7918,553,285
- -473,275-233,949131,025-6150-212,7540-74,304-26,192-1-18,166-85,585-53,593-7,139-908,231-146,317-1,054,548-908,231-146,317-1,054,548
- -240,176-463,331-292,814332-28,65014,07626,664-118,628-147,4569-18,720168,292-1,1495,458-1,268,694172,601-1,096,093-1,268,694172,601-1,096,093
- -713,451-697,280-161,789-283-28,650-198,67826,664-192,932-173,6488-36,88682,707-54,742-1,681-2,176,92526,284-2,150,641-2,176,92526,284-2,150,641
184,637284,03762,693531,3670531,367531,3670531,367
Margina
EUR
000 12/31/08
20072008200920072008200920072008200920072008200920072008200920072008200920072008200961.1732
Bank accounts and deposits26,44229,58535,2686544,8284,28314,89917,83323,3947503,7523,31641,34147,41758,6621,4048,58027,67842,74555,99786,339
Government securities3,2319,3248,972521,8723,9698122,5064,1102,2041,9324,04311,83013,082524,0768,0794,09415,90621,161
Equities7,5635,5104,70335230170170837,7335,6804,7863523837,7685,7034,869
Corporate bonds49780431049780400310497834
Investment funds23134197342438197365572004381973651,010
National biro000000000
Properties5,14111,6679,8587576375,14111,6679,8587576379,8585,89812,30419,717
Loans3,0342,6781,2811581203,0342,6781,28101581,2813,0342,8352,561
Other2,0829151,908612,0829151,96900612,0829152,029
Investments
Margina
Bank accounts and deposits
Government securities
Equities
Corporate bonds
Investment funds
Properties
Loans
Other
Investments - non life
Pokazateli
Bank accounts and deposits
Government securities
Equities
Corporate bonds
Investment funds
Other
EUR thousand
Investments from technical reserves - non life
Dobivka
Bank accounts and deposits
Government securities
Equities
Corporate bonds
EUR thousand
Investments from technical reserves - life
Rast
Bank accounts and deposits
Government securities
Equities
Investment funds
Properties
Loans
Other
EUR thousand
Investments from capital - non life
Sheet1
Bank accounts and deposits
Government securities
Properties
Loans
EUR thousand
Investments from capital - life
Bank accounts and deposits
Government securities
Equities
Corporate bonds
Properties
Loans
Investments - life
Bank accounts and deposits
Government securities
Equities
Corporate bonds
Investment funds
Properties
Loans
Other
Investments
: (3) Outline
CC
200620072008200920102011201220132006200720082009201020112012201320062007200820092010201120122013200620072008200920102011201220132006200720082009201020112012201320062007200820092010201120122013200620072008200920102011201220132006200720082009201020112012201320062007200820092010201120122013200620072008200920102011201220132006200720082009201020112012201320062007200820092010201120122013200620072008200920102011201220132006200720082009201020112012201320062007200808/07200909/08201020112012201320062007200808/07200909/08201020112012201320062007200808/07200909/08201010/09201111/10201212/112013
120.0%0.0%0.0%000
1. , 0010000000000.0%00.0%00000000.0%00.0%00000000.0%00.0%0000000
2. 0029,578,50313,325,05213,668,40914,744,5040000451,890258,972112,22346,819000073,286,62559,320,05285,456,85853,770,8570000000000002,105,76300000003,816,2801,670,2061,122,071899,5960000000000002,609,3613,018,2942,890,4062,622,63800002,203,9043,931,1784,883,2121,937,2830000000000000002,570,725000000000000000313,922000000028,159000094,052,32681,523,754108,133,17932.6%76,592,422-29.2%00000000.00%342,0810.0%000094,052,32681,523,754108,133,17932.64%76,934,503-28.9%0-100000
2.1. 00300000000002,105,7630000000000000000002,105,763000.0%00.0%00000000.00%00.0%00002,105,763000.00%00.0%0000000
2.2. Goodwill00400000000000000000000000000000000.0%00.0%00000000.00%00.0%00000000.00%00.0%0000000
2.3. 0059,578,50313,325,05213,668,40914,744,504451,890258,972112,22346,81973,286,62559,320,05285,456,85853,770,8570003,816,2801,670,2061,122,071899,5960002,609,3613,018,2942,890,4062,622,6382,203,9043,931,1784,883,2121,937,283002,570,7250000313,922028,15991,946,56381,523,754108,133,17932.6%76,592,422-29.2%00000000.00%342,0810.0%000091,946,56381,523,754108,133,17932.64%76,934,503-28.9%0-100000
3. 006813,444,620782,310,489673,298,747613,642,0150000223,938,784208,943,855216,593,130214,476,858000090,680,66691,832,201285,842,645266,937,11800005,861,2084,419,51419,741,45520,008,199000034,122,91210,225,0899,840,6489,889,18100008,522,7565,885,54910,211,20813,794,35500004,473,8023,471,1172,534,0353,303,11600004,522,28961,957,27362,961,53060,915,12500009,268,94813,796,52014,885,22315,042,669000005,835,09411,173,05621,503,23600000005,586,0310000000000002,022,8183,781,4802,595,2043,317,94400000908,418784,201766,97500001,194,835,9851,188,676,7011,307,081,67710.0%1,245,097,903-4.7%00002,022,8184,689,8983,379,405-27.94%4,084,91920.9%00001,196,858,8031,193,366,5991,310,461,0829.81%1,249,182,822-4.7%0-100000
3.1. 007692,442,858679,153,095640,680,531597,480,145147,807,374157,899,290153,285,903189,275,14968,847,06467,824,199255,261,56813,561,414002,667,6102,599,3562,531,10100000055,841,98956,671,96755,218,8890000011,613,1480000909,097,296963,386,1831,108,499,32515.1%869,679,846-21.5%00000000.00%00.0%0000909,097,296963,386,1831,108,499,32515.06%869,679,846-21.5%0-100000
3.2. 00834,421,26823,395,28713,438,86010,737,98623,650,94519,339,82314,318,3229,835,5899,598,7517,923,97711,894,25214,546,4065,861,2084,419,51419,741,45520,008,19910,431,5817,557,4797,241,2927,358,0808,297,2115,335,9009,576,41013,426,0133,198,8952,889,4962,138,8322,872,9144,522,2895,989,7356,289,5635,696,2369,268,94811,929,48714,879,44115,036,8874,824,0388,763,5846,762,4865,586,03102,022,8183,541,3112,355,0353,077,775908,418784,201766,975109,251,09693,604,736108,282,01115.7%111,866,8273.3%00002,022,8184,449,7293,139,236-29.45%3,844,75022.5%0000111,273,91498,054,465111,421,24713.63%115,711,5773.9%0-100000
3.3. 009000000004,144,0670017,738,7500000000001,561,2125,7825,78200000017,738,7501,561,2125,782-99.6%4,149,84971671.9%00000000.00%00.0%000017,738,7501,561,2125,782-99.63%4,149,84971671.9%0-100000
3.4. 010951,616498,02897,9403,601,64551,886,53031,078,89348,363,05614,740,27112,234,85116,084,02518,686,825234,685,231005,952,581072,806396,910482,059215,603000000000000071,098,38448,057,85667,629,88040.7%253,242,750274.5%00000000.00%00.0%000071,098,38448,057,85667,629,88040.73%253,242,750274.5%0-100000
3.5. 01185,628,87879,264,07919,081,4161,822,239593,935625,849625,849625,84900000152,739152,739152,739152,7391,274,907581,621395,203430,202125,54900305,82101,011,0562,409,4723,127,6020240,169240,169240,169087,650,45982,066,71422,664,679-72.4%6,158,631-72.8%00000240,169240,1690.00%240,1690.0%000087,650,45982,306,88322,904,848-72.17%6,398,800-72.1%0-100000
4. 012780,070,369710,515,177740,744,450952,774,3350000179,110,997207,720,89298,785,95997,798,2080000178,352,932230,076,593229,648,17384,801,963000087,913,67510,506,84115,033,90319,625,750000011,038,44114,737,34110,433,17010,433,170000073,925,95888,599,07559,440,789133,142,1470000164,789,292225,907,976357,163,658380,560,964000018,186,22923,746,58617,751,05419,580,458000015,963,931106,420,971137,538,151197,681,7700000059,578,599133,565,856126,708,2870000000183,036,1750000118,000,000248,184,000212,000,000163,000,00000001,072,77510,056,99898,663,223344,100,93100000075,227,287222,144,88000001,509,351,8241,677,810,0511,800,105,1637.3%2,206,143,22722.6%0000119,072,775258,240,998385,890,51049.43%729,245,81189.0%00001,628,424,5991,936,051,0492,185,995,67312.91%2,935,389,03834.3%0-100000
4.1. 01318,289,54229,938,64025,327,48516,169,244000075,230,25313,790,9030000004,192,40000000000000000011,038,44114,737,34110,433,17010,433,1700000000000000000000012,260,75514,692,95915,180,58717,009,99100000000000003,997,29914,086,57713,249,64300000001,365,0240000000000000000000000000000121,011,39177,157,14265,027,819-15.7%58,227,072-10.5%00000000.00%00.0%0000121,011,39177,157,14265,027,819-15.72%58,227,072-10.5%0-100000
4.1.1. ( ) )01418,289,54229,938,64025,327,48516,169,24475,230,25313,790,9030000011,038,44114,737,34110,433,17010,433,17000000012,260,75514,692,95915,180,58717,009,991000000000116,818,99173,159,84350,941,242-30.4%43,612,405-14.4%00000000.00%00.0%0000116,818,99173,159,84350,941,242-30.37%43,612,405-14.4%0-100000
4.1.2. 0150000000000000000000000000000000.0%00.0%00000000.00%00.0%00000000.00%00.0%0000000
4.1.3. ()0160000004,192,4000000000000000003,997,29914,086,57713,249,6431,365,02400004,192,4003,997,29914,086,577252.4%14,614,6673.7%00000000.00%00.0%00004,192,4003,997,29914,086,577252.40%14,614,6673.7%0-100000
4.2. 017761,780,827680,576,537715,416,965936,605,0910000103,880,744193,929,98998,785,95997,798,2080000174,160,532230,076,593229,648,17384,801,963000087,913,67510,506,84115,033,90319,625,75000000000000073,925,95888,599,07559,440,789133,142,1470000164,789,292225,907,976357,163,658380,560,96400005,925,4749,053,6272,570,4672,570,467000015,963,931106,420,971137,538,151197,681,7700000055,581,300119,479,279113,458,6440000000181,671,1510000118,000,000248,184,000212,000,000163,000,00000001,072,77510,056,99898,663,223344,100,93100000075,227,287222,144,88000001,388,340,4331,600,652,9091,735,077,3448.4%2,147,916,15523.8%0000119,072,775258,240,998385,890,51049.43%729,245,81189.0%00001,507,413,2081,858,893,9072,120,967,85414.10%2,877,161,96635.7%0-100000
4.2.1. 018245,403,59595,585,30041,801,77841,801,778103,880,744135,559,11753,165,56552,177,814159,686,762216,078,429207,280,13056,882,52178,427,6551,637,5551,693,4221,693,4220015,254,9994,555,0005,235,000000000045,933,884000089,662,1930587,398,756510,049,284308,495,895-39.5%157,790,535-48.9%00000089,662,1930.00%0-100.0%0000587,398,756510,049,284398,158,088-21.94%157,790,535-60.4%0-100000
4.2.2. 0190000000000066,535,37963,786,87542,525,587114,194,193104,702,26134,014,24017,813,44400000119,479,279113,458,644111,578,75501,072,77510,056,9989,001,030308,675,055010,360,00015,760,000171,237,64097,801,115179,818,31083.9%339,231,59288.7%00001,072,77510,056,99819,361,03092.51%324,435,0551575.7%0000172,310,415107,858,113199,179,34084.67%663,666,647233.2%0-100000
4.2.3. 020000058,370,87245,620,39445,620,39412,030,18012,256