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We build business networks and relationships ... - skupina kd group

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In 2007, the highest relative <strong>and</strong> absolute growth<br />

Net finance income from investments<br />

was achieved in life insurance (40 percent growth)<br />

<strong>and</strong> financial services (92 percent growth). Life<br />

insurance revenue (EUR 76 million) is approaching<br />

the level of health insurance (EUR 89.2 million),<br />

which ranks second, while property insurance (EUR<br />

131.5 million) still ranks first, despite lower growth<br />

of 7 percent compared to the previous year. Growth<br />

was also achieved in cinematography (16 percent).<br />

Finance income from investments recorded 40<br />

percent growth in 2007 compared to the previous<br />

year, totalling EUR 56.7 million. The largest<br />

contribution came from favourable trends in capital<br />

markets which, with successful management of<br />

financial assets, were the biggest contributors to<br />

improved results from financial operations.<br />

A large increase in the net financial result of the<br />

life insurance segment stems from unit-linked<br />

investments. Because of the nature of the product<br />

however, the positive result can be attributed to<br />

premium payments by policyholders.<br />

57<br />

Net finance income from investments by <strong>business</strong> segment in 2007 <strong>and</strong> 2006 (in thous<strong>and</strong> EUR):<br />

2007<br />

2006<br />

Life insurance<br />

Property insurance<br />

27,130<br />

12,986<br />

25,448<br />

11,173<br />

Health insurance<br />

2,479<br />

1,508<br />

Financial services<br />

1,984<br />

14,505<br />

Cinematography<br />

55<br />

-5<br />

Other<br />

-5,000 ddddddddddddddddddddd<br />

0 5,000 10,000 15,000 20,000 25,000 30,000<br />

-409<br />

369

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