Revenues and Expenses

 

Statement

 

Explanatory Note

No.

 

30, June, 2015

 

30, June, 2014 Revised

Revenues
Direct premiums
Reinsurance premiums received

 

26

26

 

476805927
4761565

 

406495136
1912976

Total of Premiums

26

481567492

408408112

Insurance premiums paid

26

215221779

200543723

Net premiums

26

266345713

207864389

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

 

16

16

 

105659014
126150978

 

88303843
105795376

Premiums Earned

 

245853749

190372856

Reinsurance commissions paid
Other direct revenue

28

24

56449653
8424496

51061386
6741002

Total Revenues

 

310727898

248175244

Expenses
Compensations paid on direct operations
Compensations paid on reinsurance received

 

27

27

 

172345650
499730

 

136322398
465726

Total Compensations

27

172845380

136788124

Recovered compensations on reinsurance paid

27

57823441

41989837

Net Compensations

27

115021939

94798287

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

 

16

16

 

88203471
90534437

 

90531485
90683355

Compensation payable

 

112690973

94646417

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

 

16

16

29

28

 

65409213
63786498
37477140
169542
83507367

 

63786498
55862042
20668300
123441
59032497

Total Commissions and Production Costs

29

121154049

79824238

General and Management Expenses
provisions otherwise investment provisions

30

86872704
1514517

70829152
2223305

Total Expenses

 

323854958

255447568

Surplus (Deficit in Subscriptions)

20

(13127060)

(7272324)

Net income of Allocated Investments
Provisions of Allocated Investments

22

10

47726301
151559

44419910
178675

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

21

34447682

36968911