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Statement of profit or loss and other comprehensive income of Insurance companies


SUMMARIZED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME OF INSURANCE COMPANIES FOR 2020
Thousand BGN
Technical account - Non-life insurance
Earned premiums, net of reinsurance 1 726 819
of which:  
Gross premiums written 2 582 464
Outward reinsurance premiums 834 003
Allocated investment return transferred from the non-technical account 10 852
Other technical income, net of reinsurance 28 237
Claims incurred, net of reinsurance 780 746
Changes in other insurance reserves, net of reinsurance, not shown under other headings ..
Bonuses and rebatesand, and participation in the positive financial result , net of reinsurance 7 331
Net operating expenses 645 320
Other technical charges, net of reinsurance 145 448
Change in the equalization provision ..
Sub-total (balance on the technical account for non-life insurance ) 179 111
Technical account - Life assurance business
Earned premiums, net of reinsurance 411 163
of which:  
Gross premiums written 434 322
Outward reinsurance premiums 30 181
Investment income 102 019
Other technical income, net of reinsurance 6 792
Claims incurred, net of reinsurance 182 610
Change in other insurance reserves, net of reinsurance, not shown under other headings 105 411
Bonuses and rebatesand, and participation in the positive financial result , net of reinsurance ..
Net opereting expenses 153 546
Investment charges 45 167
Other technical charges, net of reinsurance 15 102
Allocated investment return transferred to the non-technical account ..
Transfer to or from the Fund for future distribution 0
Sub-total (balance on the technical account for life assurance business) 15 568
Non-technical account
Balance on the technical account - non-life insurance 179 111
Balance on the technical account - life assurance business 15 568
Investment income 121 593
Allocated investment return, transferred from the life assurance technical account ..
Investment charges 101 722
Allocated investmen return, transferred to the non-life insurance technical account 10 852
Other income ..
Other charges, including value adjustments 41 847
Tax on profit or loss on ordinary activities 200 268
Extraordinary income 1 352
Extraordinary charges 1 448
Extraordinary profit or loss -96
Corporate tax 20 472
Other taxes -227
Profit or loss for the financial year 179 927

'..' Confidential data
30.11.2021