Revenue and Expenses

Statement

 

30, June, 2014

 

30, June, 2013 Revised

Revenues
Direct premiums
Reinsurance premiums received

 

4064951361912976

 

361393017311072

Total of Premiums

408408112

361704089

Insurance premiums paid

200543723

194743931

Net premiums

207864389

166960158

Change the value of unexpired risk reserve
Unexpired risk reserve at the opening
Unexpired risk reserve at the closing

 

88303843
105795376

 

76502362
88149626

Premiums Earned

190372856

155312894

Reinsurance commissions paid
Other direct revenue

51061386
6741002

52556312
6083820

Total Revenues

248175244

213953026

Expenses
Compensations paid on direct operations
Compensations paid on reinsurance received

 

136322398
465726

 

218357481
4696

Total Compensations

136788124

218362177

Recovered compensations on reinsurance paid

41989837

131423042

Net Compensations

94798287

86939135

Change outstanding claims reserve
Outstanding claims reserve at the opening
Outstanding claims reserve at the closing

 

90531485
90683355

 

90555807
93293210

Compensation payable

94646417

84201732

Change in inverse fluctuations
Inverse fluctuations at the closing
Inverse fluctuations at the opening
Direct commissions
Reinsurance commissions received
Production costs

 

63786498
55862042
20668300
123441
59032497

 

55862042
45420831
24295201
63125
46800639

Total Commissions and Production Costs

79824238

71158965

General and Management Expenses
provisions otherwise investment provisions

69719608
2223305

61198037
460922

Total Expenses

254338024

227460867

Surplus (Deficit in Subscriptions)

(6162780)

(13507841)

Net income of Allocated Investments
Provisions of Allocated Investments

44419910
178675

42168000
181802

Surplus(Deficit) insurance activity of properties and liabilities carried forward the income statement

38078455

28478357

Surplus(Deficit) insurance activity of properties and liabilities carried forward the income statement

38078455

28478357