NOTES TO BOSNA RE Co. Ltd. ANNUAL REPORT FOR 2007

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NOTES TO BOSNA RE Co. Ltd. ANNUAL REPORT FOR 2007

ANNUAL REPORT 2007Table 5 TOTAL PREMIUM, RETROCESSION PREMIUM AND SELF-RETAINED PREMIUM FOR THE PERIOD 1996-2007Total Premium Retrocession Premium Self-Retained Premium1996 2.377.100 1.889.706 487.3941997 7.083.261 5.968.412 1.114.8491998 8.702.914 7.510.263 1.192.6511999 12.698.807 9.438.442 3.260.3652000 16.761.244 12.944.731 3.816.5122001 20.180.591 14.614.791 5.565.8002002 24.555.778 15.947.480 8.608.2982003 27.696.659 19.498.141 8.198.5182004 30.986.250 24.128.741 6.857.5092005 30.163.596 16.930.545 13.233.0512006 29.932.347 20.833.435 9.098.9122007 38.726.671 20.552.130 18.174.5412007+IV qtr 48.374.195 24.413.442 23.960.754Graph 4The trend of growth of self-retained premium continued in 2007, which is the result of strengthening of BosnaRE. As we have already mentioned, this trend was interrupted in 2006 as a result of Bosna RE purchase ofadditional protection for accepted risks. Namely, the structure of Bosna RE portfolio is rather inhomogeneousand despite rigorous attention in risk acceptance and constant estimates on exposure, it is exposed to greatchanges in case of only several greater or number of smaller losses. Of course, such a policy of the Companyprotection measures enables it to enter international reinsurance market.26

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