Suez Canal Insurance ::

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

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