kontinuita - Komunálna Poisťovňa

REPORT OF THE BOARD
OF DIRECTORS ON ECONOMIC
RESULTS, BUSINESS ACTIVITIES
AND COMPANY´S ASSETS
AS OF DECEMBER 31, 2008
Selected indicators 2004 – 2008
2003 2004 2005 2006 2007 2008
No. of employees – administration 70 63 68 61 66 67
No. of employees – sales (internal network) 0 0 54 102 184 89
No. of employees – financial consul tants 2,571 1,745 1,932 1,449 1,190 1,256
No. of employees – brokers 2 35 54 60 72 82
basic capital (in ‘000 Sk) 300,000 300,000 300,000 300,000 300,000 300,000
total assets (in ‘000 Sk) 1,702,180 2,107,030 2,630,993 3,160,195 3,857,424 4,365,491
premium income (in ‘000 Sk) 861,468 952,284 1,277,881 1,638,824 2,429,622 2,722,368
life insurance 839,078 939,550 1,262,398 1,624,402 2,416,648 2,708,445
non-life insurance 22,390 12,734 15,483 14,422 12,974 13,923
claims (in ‘000 Sk) 354,238 458,066 607,110 997,007 2,277,286 2,240,194
life insurance 349,577 453,071 603,404 993,930 2,271,358 2,237,548
non-life insurance 4,661 4,995 3,706 3,077 5,928 2,646
number of policies 13,144 13,283 19,504 16,237 19,284 18,337
total revenues (in ‘000 Sk) 3,169,001 3,754,677 6,321,340 4,222,775 2,507,864 3,242,472
total expenses (in ‘000 Sk) 3,191,385 3,743,285 6,310,609 4,202,728 2,500,628 3,314,533
after-tax profit (in ‘000 Sk) -22,384 11,392 10,359 20,047 7,236 -72,061
Reserves (net) 2003 2004 2005 2006 2007 2008
Technical reserve for future premiums 72,104 77,452 92,243 102,111 101,361 101,303
Technical reserve for life insurance 1,171,794 1,515,374 1,995,522 2,432,862 2,913,239 3,221,611
Technical reserve for claims 24,955 26,903 25,454 21,727 28,871 28,556
Technical reserve for premium discounts and bonuses 71,257 78,183 56,835 27,794 18,594 12,798
Technical reserve for extraordinary risk 2,154 0 0 0 0 0
Technical reserve for risk from investments on behalf
of insured’s
0 8,271 30,694 91,037 306,189 218,128
Total 1,342,264 1,706,183 2,200,748 2,675,531 3,368,254 3,582,396
Reserves (gross) 2003 2004 2005 2006 2007 2008
Technical reserve for future premiums 83,375 85,256 103,128 112,174 109,878 109,785
Technical reserve for life insurance 1,171,794 1,515,374 1,995,522 2,432,862 2,913,239 3,221,611
Technical reserve for claims 42,636 45,491 45,823 39,767 47,913 41,564
Technical reserve for premium discounts and bonuses 71,257 78,183 56,835 27,794 18,594 12,798
Technical reserve for extraordinary risk 2,154 0 0 0 0 0
Technical reserve for risk from investments on behalf
of insured’s
0 8,271 30,694 91,037 306,189 218,128
Total 1,371,216 1,732,575 2,232,002 2,703,634 3,395,813 3,603,886
KONTINUITA ANNUAL REPORT 71