Revenues and Expenses

 

Statement

 

Explanatory Note

No.

 

30, June, 2016

 

30, June, 2015

Revenues
Direct premiums
Reinsurance premiums received

 

26

26

 

615344666
977529

 

476805927
4761565

Total of Premiums

26

616322195

481567492

Insurance premiums paid

26

259973676

215221779

Net premiums

26

356348519

266345713

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

 

16

16

 

126837599
157011346

 

105659014
126150978

Premiums Earned

 

326174772

245853749

Reinsurance commissions paid
Other direct revenue

28

24

61281026
10142890

56449653
8424496

Total Revenues

 

397598688

310727898

Expenses
Compensations paid on direct operations
Compensations paid on reinsurance received

 

27

27

 

284641665
24154888

 

172345650
499730

Total Compensations

27

308796553

172845380

Recovered compensations on reinsurance paid

27

146536614

57823441

Net Compensations

27

162259939

115021939

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

 

16

16

 

83457436
88503732

 

88203471
90534437

Compensation payable

 

157213643

112690973

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

 

71567119
65409213
54145549
20583
90715770

 

65409213
63786498
37477140
169542
83507367

Total Commissions and Production Costs

29

144881902

121154049

General and Management Expenses
provisions otherwise investment provisions

30

94262356
1501270

86872704
1514517

Total Expenses

 

404017077

323854958

Surplus (Deficit in Subscriptions)

20

(6418389)

(13127060)

Net income of Allocated Investments
Provisions of Allocated Investments

22

10

45267985
125868

47726301
151559

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

21

38723728

34447682