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kontinuita - Komunálna Poisťovňa

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PROFIT AND LOSS<br />

STATEMENT<br />

Note 2008 2007<br />

Gross written premium 17 2,722,368 2,429,622<br />

Written premium assigned to reinsurers 17 -46,534 -47,812<br />

Net written premium 17 2,675,834 2,381,810<br />

Fee income - insurance contract 158 1,904<br />

Investment income 18 157,010 141,293<br />

Net realized losses from assets available for sale 19 -306,049 -32,370<br />

Reinsurance commissions 31,178 26,727<br />

Other operating income 3,173 5,016<br />

Net income 2,561,304 2,524,380<br />

Insurance benefits in life insurance 20 2,240,194 2,277,286<br />

Insurance benefits in life insurance assigned<br />

to reinsurers<br />

20 -9,305 -11,902<br />

Net insurance benefits and claims 20 2,230,889 2,265,384<br />

Cost of insurance and investment contracts 21,22 307,702 184,014<br />

Marketing and administrative costs 21,22 80,323 72,623<br />

Other operating expenses 1,341 1,716<br />

Expenses 2,620,255 2,523,737<br />

Profit/(loss) before taxes -58,951 643<br />

Corporate income tax expense/(income) 24 13,110 -6,593<br />

Loss for the year -72,061 7,236<br />

KONTINUITA ANNUAL REPORT 87

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