Revenues and Expenses

Revenue & Expenses – Property & Casualty

Description

Note No.

30/6/2017

30/6/2016

Revenues

 

 

Adjusted

Direct premiums

27

 796 769 412

 615 344 666

Inward R/I premiums

27

3 274 758

  977 529

Gross premiums

27

800 044 170

 616 322 195

Outward R/I premiums

27

( 398 728 270)

(259 973 676)

Net Premiums

27

 401 315 900

356 348 519

Unexpired risks reserve changes

 

 

 

At the beginning of the year

17

159 679 420

 126 837 599

At the end of the year

17

194 989 125

 157 011 346

Earned Premiums

 

366 06 195

 326 174 772

Outward Re-insurance commissions

29

 86 863 534

 61 281 026

Other income

25

 9 781 538

 10 142 890

Total Revenues

 

 462 651 267

 397 598 688

Expenses

 

 

 

Direct claims paid

28

 284 641 665

 284 641 665

Inward reinsurance claims Paid

28

364 679

 24 154 888

Total claims

28

 308 796 553