CROATIA osiguranje d d : Financial report - 2022, Third quarter, Unrevised, Unconsolidated.xlsx

October 28, 2022 at 08:50 am EDT

UNCONSOLIDATED UNAUDITED

QUARTERLY REPORT,

FOR THE PERIOD

1 January 2022 - 30 September 2022

Zagreb, October 2022

This document is a translation of the original Croatian version and is intended to be used for informational purposes only. While every effort has been made to ensure the accuracy and completeness of the translation, please note that the Croatian original is binding.

CONTENT

I. UNAUDITED FINANCIAL STATEMENTS .................................................................................	3
STATEMENT OF COMPREHENSIVE INCOME ..................................................................................	4
STATEMENT OF FINANCIAL POSITION (BALANCE SHEET)...........................................................	6
STATEMENT OF CHANGES IN EQUITY .............................................................................................	8
STATEMENT OF CASH FLOWS - indirect method...........................................................................	9
II. QUARTERLY MANAGEMENT REPORT ..............................................................................	10
III. NOTES TO THE UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD I-IX 2022 ....	17
MANAGEMENT BOARD STATEMENT ......................................................................................	29

I. UNAUDITED FINANCIAL STATEMENTS

Annex 1

ISSUER'S GENERAL DATA

Reporting period:	1.1.2022	to	30.9.2022

Year:2022

Quarter:3

Quarterly financial statements

Registration number (MB):	03276147	Issuer's home	HR
	Member State code:

Entity's registration number (MBS):	080051022
Personal identification number
26187994862		LEI:	74780000M0GHQ1VXJU20
(OIB):

Institution code:	199

Name of the issuer:	CROATIA osiguranje d.d.

Postcode and town:	10 000		ZAGREB

Street and house number:	Vatroslava Jagića 33

E-mail address: info@crosig.hr

Web address: www.crosig.hr

Number of employees	2440
(end of the reporting period):

Consolidated report:	KN	(KN-notconsolidated/KD-consolidated)	KN	KD
Audited:	RN	(RN-notaudited/RD-audited)	RN	RD
Names of subsidiaries (according to IFRS):	Registered office:	MB:

Bookkeeping firm:

(Yes/No)

(name of the bookkeeping firm)

Contact person: Jelena Matijević

(only name and surname of the contact person) Telephone: 072 00 1884

E-mailaddress: izdavatelji@crosig.hr

Audit firm:

(name of the audit firm)

Certified auditor:

(name and surname)

STATEMENT OF COMPREHENSIVE INCOME

(STATEMENT OF PROFIT OR LOSS)

For the period: 1.1.2022 - 30.9.2022

	Item
	1
I Earned premiums (ADP 119 to 123)
1	Gross w ritten premium
2	Value adjustment and charged premium value
adjustment

Outw ard reinsurance premiums (-)
Change of gross provisions for unearned premiums (+/-)
Change of provisions for unearned premiums, reinsurers' share (+/-)

II Income from investments (ADP 125 to 131)

Income from branches, associates and joint ventures.
Income from investment in land and buildings
Interest income
Unrealised gains on investments
Realised gains on investments
Net positive exchange rate differences
Other income from investments

III Income from commissions and fees

IV Other insurance-technical income, net amount from reinsurance V Other income

VI Claims incurred, net (ADP 136 + 139) 1 Claims settled (ADP 137+138)

Gross amount (-)
Reinsurers' share (+)

2 Change in the provision for claims (+/-) (ADP 140+141)

Gross amount

Reinsurers' share

VII Change in mathematical provision and other technical provisions, net of reinsurance (ADP 143+146) 1 Change in mathematical provisions (+/-)(ADP 144+145)

Gross amount (-)
Reinsurers' share (+)

2 Change in other technical provisions, net of reinsurance (+/-) (ADP 147+148)

	2.1	Gross amount (-)
	2.2	Reinsurers' share (+)
VIII Change of special provision for life assurance
w here policyholders bear the investment risk, net
of reinsurance (+/-)(ADP 150+151)
1	Gross amount (-)
3	Reinsurers' share (+)
IX Cash payments for bonuses and rebates, net of
reinsurance (ADP 153+154)

Performance-dependent(bonuses)
Performance-independent(rebates)

						in HRK
ADP	Same period of the previous year		Current year

code
	Life	Non-life	Total	Life	Non-life	Total
2	3	4	5(3+4)	6	7	8(6+7)
118	358.189.182	1.601.610.149	1.959.799.331	248.236.780	1.737.489.198	1.985.725.978
119	358.313.988	1.977.880.657	2.336.194.645	247.596.744	2.252.877.306	2.500.474.050
120	0	11.708.810	11.708.810	0	1.137.948	1.137.948
121	-53.578	-238.965.219	-239.018.797	-46.964	-297.508.352	-297.555.316
122	-81.735	-208.364.699	-208.446.434	678.033	-282.950.594	-282.272.561
123	10.507	59.350.600	59.361.107	8.967	63.932.890	63.941.857
124	75.286.095	232.272.318	307.558.413	80.118.471	270.005.022	350.123.493
125	2.783.512	58.975.830	61.759.342	4.717.849	82.544.580	87.262.429
126	0	23.600.527	23.600.527	0	34.297.115	34.297.115
127	64.167.540	63.615.333	127.782.873	62.930.909	68.785.889	131.716.798
128	2.428.970	17.739.079	20.168.049	1.677.298	8.756.311	10.433.609
129	5.903.659	46.748.751	52.652.410	7.095.271	42.302.483	49.397.754
130	0	0	0	3.689.093	21.717.332	25.406.425
131	2.414	21.592.798	21.595.212	8.051	11.601.312	11.609.363
132	1.427.808	22.952.685	24.380.493	1.105.297	39.196.284	40.301.581
133	118.246	20.541.576	20.659.822	86.553	20.446.087	20.532.640
134	1	4.616.656	4.616.657	3.707	17.655.713	17.659.420
135	-291.231.755	-833.963.688	-1.125.195.443	-329.021.909	-930.718.264	-1.259.740.173
136	-304.169.366	-843.515.879	-1.147.685.245	-318.216.913	-860.105.708	-1.178.322.621
137	-304.169.366	-987.765.193	-1.291.934.559	-318.216.913	-974.555.395	-1.292.772.308
138	0	144.249.314	144.249.314	0	114.449.687	114.449.687
139	12.937.611	9.552.191	22.489.802	-10.804.996	-70.612.556	-81.417.552
140	12.937.611	104.868.637	117.806.248	-10.804.996	-104.898.608	-115.703.604
141	0	-95.316.446	-95.316.446	0	34.286.052	34.286.052
142	-67.118.032	-11.415.496	-78.533.528	-43.016.273	-1.087.255	-44.103.528
143	-67.118.032	3.803.012	-63.315.020	-43.016.273	2.411.539	-40.604.734
144	-67.133.677	3.803.012	-63.330.665	-43.023.405	2.411.539	-40.611.866
145	15.645	0	15.645	7.132	0	7.132
146	0	-15.218.508	-15.218.508	0	-3.498.794	-3.498.794
147	0	-15.218.508	-15.218.508	0	-3.498.794	-3.498.794
148	0	0	0	0	0	0
149	11.198.774	0	11.198.774	125.582.628	0	125.582.628
150	11.198.774	0	11.198.774	125.582.628	0	125.582.628
151	0	0	0	0	0	0
152	0	-4.970.138	-4.970.138	0	-6.754.234	-6.754.234
153	0	-4.970.138	-4.970.138	0	-6.754.234	-6.754.234
154	0	0	0	0	0	0

STATEMENT OF COMPREHENSIVE INCOME

(STATEMENT OF PROFIT OR LOSS)

For the period: 1.1.2022 - 30.9.2022

															in HRK
	Item		ADP		Same period of the previous year				Current year
		code		Life		Non-life		Total		Life		Non-life		Total

	1	2	3	4	5(3+4)	6	7	8(6+7)

X Operating expenses (business expenditures), net	155	-40.158.024	-641.185.262	-681.343.286	-23.965.015	-734.211.753	-758.176.768
(ADP 156+160)

1 Acquisition costs (ADP 157 to 159)		156		-17.521.682		-378.478.591		-396.000.273		-6.802.276		-440.110.466		-446.912.742
1.1	Commission		157		-4.692.805		-218.558.545		-223.251.350		-3.070.317		-254.728.810		-257.799.127
1.2	Other acquisition costs	158	-12.828.877	-167.362.774	-180.191.651	-3.731.959	-200.651.906	-204.383.865

1.3	Change in deferred acquisition costs		159		0		7.442.728		7.442.728		0		15.270.250		15.270.250
2 Administration expenses (administrative costs) (ADP	160	-22.636.342	-262.706.671	-285.343.013	-17.162.739	-294.101.287	-311.264.026
161 to 163)


2.1	Depreciation	161	-1.798.612	-40.578.963	-42.377.575	-1.033.646	-44.417.048	-45.450.694

2.2	Salaries, taxes and contributions from/on salaries		162		-9.064.101		-89.639.570		-98.703.671		-7.357.246		-102.280.900		-109.638.146
2.3	Other administration expenses	163	-11.773.629	-132.488.138	-144.261.767	-8.771.847	-147.403.339	-156.175.186

XI Investment expenses (ADP 165 to 171)	164	-20.653.546	-52.008.732	-72.662.278	-6.763.307	-83.129.270	-89.892.577

1 Depreciation of land and buildings not occupied by an undertaking for its ow n activities

Interest
Impairment of investments
Realised loss on investments
Unrealised loss on investments
Net negative exchange rate differences
Other investment expenses

XII Other technical expenses, net of reinsurance (ADP 173+174)

1 Expenses of preventive activities

2 Other technical expenses of insurance

XIII Other activities, including value adjustments

XIV Profit or loss for the accounting period before

tax (+/-) (ADP 118+124+132 to 135+142+149+152+155+164+172+175)

165	0	0	0	0	0	0

166		-716.161		-6.414.809		-7.130.970	-351.256	-7.084.740	-7.435.996
167	0	-2.398.403	-2.398.403	-1.032.515	-2.209.408	-3.241.923

168		-3.018.634		-9.557.996		-12.576.630	-3.281.477	-19.379.217	-22.660.694
169		-1.267		-3.885.894		-3.887.161	-935.893	-28.467.701	-29.403.594
170	-15.607.055	-9.901.056	-25.508.111	0	0	0

171		-1.310.429		-19.850.574		-21.161.003	-1.162.166	-25.988.204	-27.150.370
172	-763.702	-29.023.198	-29.786.900	-587.234	-27.318.506	-27.905.740

173		0		0		0	0	0	0
174		-763.702		-29.023.198		-29.786.900	-587.234	-27.318.506	-27.905.740
175	-7.632	-591.089	-598.721	-6.471	-15.253.040	-15.259.511

176	26.287.415	308.835.781	335.123.196	51.773.227	286.319.982	338.093.209

XV Profit or loss tax (ADP 178+179)

1 Current tax expense

2 Deferred tax expense (income)

XVI Profit or loss for the accounting period after tax (+/-) (ADP 176+177)

1 Attributable to ow ners of the parent

2 Attributable to non-controlling interest

XVII TOTAL INCOME (ADP 118+124+132+133+134+179)

XVIII TOTAL EXPENSES (ADP 135+142+149+152+155+164+172+175+178)

IX Other comprehensive income (ADP 186 to 193)

1 Gains/losses arising from translation of financial statements relating to foreign operations

2 Gains/losses arising from the revaluation of financial assets available for sale

3 Gains/losses arising from the revaluation of land and buildings occupied by an undertaking for its ow n activities

4 Gains/losses arising from the revaluation of other tangible (other than land and property) and intangible assets

5 Effects of cash flow hedging instruments

6 Actuarial gains/losses on pension plans w ith defined pensions

7 Share in other comprehensive income of associates

8 Income tax on other comprehensive income

Total comprehensive income (ADP 180 +185)
1 Attributable to ow ners of the parent

2 Attributable to non-controlling interests XXI Reclassification adjustments

177		-4.240.392		-45.199.894		-49.440.286	-8.730.430	-36.911.942	-45.642.372
178		-4.240.392		-45.199.894		-49.440.286	-8.730.430	-36.911.942	-45.642.372
179	0	0	0	0	0	0

180	22.047.023	263.635.887	285.682.910	43.042.797	249.408.040	292.450.837

181		0		0		0	0	0	0
182		0		0		0	0	0	0
183	435.021.332	1.881.993.384	2.317.014.716	329.550.808	2.084.792.304	2.414.343.112

184 -412.974.309-1.618.357.497-2.031.331.806-286.508.011-1.835.384.264-2.121.892.275

185		-17.051.011		136.074.731		119.023.720	-204.413.115	-353.966.851	-558.379.966
186	0	113.773	113.773	0	-30.783	-30.783

187	-20.793.916	165.806.046	145.012.130	-249.284.287	-431.629.351	-680.913.638

188	0	0	0	0	0	0

189	0	0	0	0	0	0

190		0		0		0	0	0	0
191	0	0	0	0	0	0

192	0	0	0	0	0	0

193		3.742.905		-29.845.088		-26.102.183	44.871.172	77.693.283	122.564.455
194		4.996.012		399.710.618		404.706.630	-161.370.318	-104.558.811	-265.929.129
195	0	0	0	0	0	0

196	0	0	0	0	0	0

197	0	0	0	0	0	0

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

Original Link
Original Document
Permalink

Disclaimer

Croatia osiguranje dd published this content on 28 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 October 2022 12:49:03 UTC.

	1st Jan change	Capi.
CROATIA OSIGURANJE D.D.	+47.98%	575M
ALLIANZ SE	+10.31%	110B
CHUBB LIMITED	+8.61%	99.67B
MARSH & MCLENNAN COMPANIES	+4.48%	97.53B
ZURICH INSURANCE GROUP LTD	+0.71%	69.25B
HARTFORD FINANCIAL SERVICES GROUP (THE), INC.	+18.56%	28.19B
TALANX AG	+10.21%	19.64B
BB SEGURIDADE PARTICIPAÇÕES S.A.	-4.64%	12.38B
POWSZECHNY ZAKLAD UBEZPIECZE? SPÓLKA AKCYJNA	+8.14%	10.98B
ASR NEDERLAND N.V.	+9.23%	10.43B

1st Jan change

Capi.

CROATIA OSIGURANJE D.D.

+47.98%

575M

ALLIANZ SE

+10.31%

110B

CHUBB LIMITED

+8.61%

99.67B

MARSH & MCLENNAN COMPANIES

+4.48%

97.53B

ZURICH INSURANCE GROUP LTD

+0.71%

69.25B

HARTFORD FINANCIAL SERVICES GROUP (THE), INC.

+18.56%

28.19B

TALANX AG

+10.21%

19.64B

BB SEGURIDADE PARTICIPAÇÕES S.A.

-4.64%

12.38B

POWSZECHNY ZAKLAD UBEZPIECZE? SPÓLKA AKCYJNA

+8.14%

10.98B

ASR NEDERLAND N.V.

+9.23%

10.43B

End-of-day quote Zagreb S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
1,280 ^EUR	+1.59%		+4.07%	+47.98%

Feb. 27	Croatia osiguranje d.d. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	CI
Feb. 27	Croatia osiguranje d.d. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Croatia osiguranje d.d. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 27	CI
Croatia osiguranje d.d. Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 27	CI
Bosnian Unit of Croatia Osiguranje Plans Buyout Bid for Croatia - Remont	Dec. 12	CI
Croatia osiguranje d.d. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	23-10-26	CI
Croatia osiguranje d.d. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-07-31	CI
Croatia osiguranje d.d. Reports Earnings Results for the First Quarter Ended March 31, 2023	23-04-28	CI
Croatia osiguranje d.d. Reports Earnings Results for the Fourth Quarter Ended December 31, 2022	23-02-23	CI
Croatia osiguranje d.d. Reports Earnings Results for the Full Year Ended December 31, 2022	23-02-23	CI
Croatia osiguranje d.d. Reports Earnings Results for the Nine Months Ended September 30, 2022	22-10-28	CI
Croatia osiguranje d.d. Reports Earnings Results for the Half Year Ended June 30, 2022	22-07-27	CI
Croatia osiguranje d.d. Reports Earnings Results for the First Quarter Ended March 31, 2022	22-04-28	CI
Croatia osiguranje d.d. Reports Earnings Results for the Fourth Quarter Ended December 31, 2021	22-02-28	CI
Croatia osiguranje d.d. Reports Earnings Results for the Full Year Ended December 31, 2021	22-02-28	CI
Croatia osiguranje d.d. Reports Earnings Results for the Nine Months Ended September 30, 2021	21-10-27	CI
Croatia Osiguranje D.D. Reports Earnings Results for the Half Year Ended June 30, 2021	21-07-28	CI
Croatia Osiguranje D.D. Reports Earnings Results for the Full Year Ended December 31, 2020	21-02-26	CI
Croatia Osiguranje D.D. Reports Earnings Results for the First Quarter Ended March 31, 2020	20-04-28	CI
Croatia Osiguranje D.D. Reports Earnings Results for the Full Year Ended December 31, 2019	20-02-27	CI
Croatia osiguranje d.d. cancelled the acquisition of an additional 14% stake in Pozavarovalnica Sava, d.d..	19-05-27	CI
Croatia osiguranje d.d. Announces Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018	19-02-21	CI
Uljanik Draws Interest From Potential Investors	19-01-17	CI
Croatia osiguranje d.d. Reports Earnings Results for the Nine Months Ended September 30, 2018	18-10-25	CI
Croatia Osiguranje Announces Earnings Results for the First Half Ended June 2018	18-07-26	CI
Croatia osiguranje d.d. made a bid to acquire an additional 14% stake in Pozavarovalnica Sava, d.d..	18-05-27	CI
Croatia Osiguranje Announces Earnings Results for the First Quarter of March 31, 2018	18-04-30	CI

Croatia osiguranje d.d.

Equities

CROS

HRCROSRA0002

Multiline Insurance & Brokers

CROATIA osiguranje d d : Financial report - 2022, Third quarter, Unrevised, Unconsolidated.xlsx

Latest news about Croatia osiguranje d.d.

Chart Croatia osiguranje d.d.

Company Profile

Income Statement Evolution

Sector Other Multiline Insurance & Brokers