Financial Statements

Major Indicators :

Indicator 31.12.2015 31.12.216 31.12.2017
Gross Premium 22,901,691 23,002,825 23,475,644
Gross Paid Claims 12,975,143 19,609,776 17,902,531
Net Paid Claims 7,887,501 9,907,369 10,877,033
Change of Outstanding Claims 1,714,701 16,841 151,193
Change of Unearned Premium Reserve (346035) (76773) 293,443
Administration Expenses 2,784,742 3,193,342 3,439,488
Investment Revenue 854,298 813,331 1,204,545
Major Ratios
Solvency Margin 267% 292% 302%
Technical Loss Ratio 60% 61% 46%
Administration Expense Ratio14,6% 12,2% 13,9% 14,6%
Net Profit (Share holders) after tax 1,787,628 1,863,302 2,002,246
Net Profit (Policy holders) after tax 502,099 451,001 369,830