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Profit and Loss Account
for the year ended 31st December 2009
I. Technical account 2009 2008
1. Earned premiums
in EUR
in TEUR
a) Premiums written
aa) Gross amount 42,945,392.70
ab) Reinsurers’ share -24,802,526.00 18,142,866.70 19,844
b) Change in premium deferrals
ba) Gross amount -603,469.00
bb) Reinsurers’ share 403,655.00 -199,814.00 -71
2. Other technical income 34,649.70 8
3. Claims incurred
a) Claims paid
aa) Gross amount -27,996,191.16
ab) Reinsurers’ share 14,361,131.00 -13,635,060.16 -7,660
b) Change in the provision for outstanding claims
ba) Gross amount -5,931,504.20
bb) Reinsurers’ share 3,793,134.00 -2,138,370.20 -3,054
4. Decrease in technical provisions
a) Other technical provisions
aa) Gross amount 7,734,892.92
ab) Reinsurers’ share -5,930,930.00 1,803,962.92 193
5. Bonuses and rebates
a) Gross amount -3,051,407.09
b) Reinsurers’ share 1,805,880.00 -1,245,527.09 -1,877
6. Operating expenses
a) Acquisition costs -5,232,726.14
b) Other operating expenses -4,232,668.45
c) Reinsurance commission and
profit participation from ceded reinsurance 7,942,722.00 -1,522,672.59 -8
7. Change in the equalization reserve 3,574,340.00 -453
8. Balance on the technical account for general business 4,814,375.28 6,922
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