Financial Statements

Major Indicators :

Indicators 31/12/2018 31/12/2017 31/12/2016
Gross Premium 24,611,242 23,475,644 23,002,825
Gross Paid Claims 18,595,111 17,902,531 19,609,776
Net Paid Claims 10,369,750 10,877,033 9,907,369
Change of Outstanding Claims 1,174,597 151,193 16,841
Change of Unearned Premium Reserve (170,029) (293,443) (76,773)
Administration Expenses 3,755,966 3,439,488 3,193,342
Investment Revenue 1,087,381 1,204,545 813,331
Major Ratios
Solvency Margin 270 % 302 % 292 %
Technical Loss Ratio 47 % 46 % 43 %
Administration Expense Ratio 15 % 14,6 % 13,9 %
Net Profit (Share holders) after tax 1,114,427 2,002,246 1,863,302
Net Profit (Policy holders) after tax 15,484 369,830

451,001