The Group KD Group and KD Group dd

The KD Group Annual Report 2009
In terms of the structure of assets by business segment, the major share is taken by the insurance segment with 68 percent,
and financial services (25 percent), whereas banking segment accounts for only 5 percent of total assets. All segments
recorded an increase in assets with exception of banking services where due to impairment and write-offs, the assets
declined by 26 percent compared to 2008. The highest growth in assets (34 percent ) was recorded by the life insurance
segment.
Structure of assets by business segment as at 31 December 2009 (in %):
Banking
6%
Other
2%
Financial services
25%
Property insurance
29%
Health insurance
5%
Life insurance
33%
Assets by business segment as at 31 December 2009 and 2008 (in EUR thousand):
350.000
300.000
292.170
282.420
Assets ( in EUR thousand)
250.000
200.000
150.000
100.000
50.000
0
243.796 239.434
218.568
209.467
39.974 38.227
46.752
15.625 16.363
0
Property insurance Life insurance H ealth insurance Financial serv ices Banking Other
2009 2008
Equity and liabilities
Equity was reduced by 22 percent to EUR 151.6 million at the end of 2009, primarily due to a reduction in capital surplus.
Liabilities to the unit-linked investments rose to EUR 140 million and there was also an increase in liabilities from insurance
contracts which at the end of 2009 stood at EUR 296.1 million. Financial liabilities of EUR 196.1 million represent an 8
percent increase, slightly more than the 7 percent increase of total equity and liabilities.
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