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6.6 Quantitative data

Annual Report 2019 > 6.6 Quantitative data
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Corporate insurance (non-life insurance) 1 January 2019 – 31 December 2019 1 January 2018 – 31 December 2018
Gross written premium – external 3,264 3,059
Gross written premium – cross-segment 52 38
Gross written premiums 3,316 3,097
Movement in provision for unearned premiums and gross provision for unexpired risks (283) (322)
Gross earned premium 3,033 2,775
Reinsurers’ share in gross written premium (786) (582)
Reinsurer’s share in the movement in provision for unearned premiums and the gross provision for unexpired risk 229 133
Net earned premiums 2,476 2,326
Investment income, including: 100 113
external operations 100 113
intersegment operations
Other net technical income 32 50
Income 2,608 2,489
     
Net insurance claims and benefits (1,610) (1,591)
Movement in other net technical provisions 7 2
Acquisition expenses (519) (477)
Administrative expenses (131) (131)
Reinsurance commissions and profit participation 43 39
     
Other (71) (63)
Insurance result 327 268
 
Mass insurance (non-life insurance) 1 January 2019 – 31 December 2019 1 January 2018 – 31 December 2018
Gross written premium – external 10,332 10,325
Gross written premium – cross-segment 71 76
Gross written premiums 10,403 10,401
Movement in provision for unearned premiums and gross provision for unexpired risks (21) (106)
Gross earned premium 10,382 10,295
Reinsurers’ share in gross written premium (149) (113)
Reinsurer’s share in the movement in provision for unearned premiums and the gross provision for unexpired risk 28 (14)
Net earned premiums 10,261 10,168
Investment income, including: 481 526
external operations 481 526
intersegment operations
Other net technical income 126 114
Income 10,868 10,808
     
Net insurance claims and benefits (6,410) (6,171)
Movement in other net technical provisions (1) (44)
Acquisition expenses (1,986) (1,890)
Administrative expenses (651) (594)
Reinsurance commissions and profit participation 3 (6)
     
Other (374) (378)
Insurance result 1,449 1,725
   
Group and individually continued insurance (life insurance) 1 January 2019 – 31 December 2019 1 January 2018 – 31 December 2018
Gross written premium – external 6,966 6,891
Gross written premium – cross-segment
Gross written premiums 6,966 6,891
Movement in the provision for unearned premiums
Gross earned premium 6,966 6,891
Reinsurers’ share in gross written premium (1) (1)
Reinsurer’s share in the movement in provision for unearned premiums and the gross provision for unexpired risk
Net earned premiums 6,965 6,890
Investment income, including: 668 581
external operations 668 581
intersegment operations
Other net technical income 3 2
Income 7,636 7,473
     
Net insurance claims and benefits and movement in other net technical provisions (5,057) (4,931)
Acquisition expenses (388) (349)
Administrative expenses (640) (604)
     
Other (54) (46)
Insurance result 1,497 1,543
 
Individual insurance (life insurance) 1 January 2019 – 31 December 2019 1 January 2018 – 31 December 2018
Gross written premium – external 1,581 1,346
Gross written premium – cross-segment
Gross written premiums 1,581 1,346
Movement in the provision for unearned premiums (2) (2)
Gross earned premium 1,579 1,344
Reinsurers’ share in gross written premium
Reinsurer’s share in the movement in provision for unearned premiums and the gross provision for unexpired risk
Net earned premiums 1,579 1,344
Investment income, including: 548 59
external operations 548 59
intersegment operations
Other net technical income 1
Income 2,128 1,403
     
Net insurance claims and benefits and movement in other net technical provisions (1,640) (976)
Acquisition expenses (139) (126)
Administrative expenses (72) (69)
     
Other (6) (5)
Insurance result 271 227
   
Investments 1 January 2019 – 31 December 2019 1 January 2018 – 31 December 2018 (restated)
Investment income, including: 397 (328)
– external operations 333 (390)
– intersegment operations 64 62
Operating result 397 (328)
 
Banking activity 1 January 2019 – 31 December 2019 1 January 2018 – 31 December 2018 (restated)
Revenue from commissions and fees 4,008 3,868
– external operations 3,901 3,810
– intersegment operations 107 58
Investment income 9,014 8,861
– external operations 9,014 8,861
– intersegment operations
Income 13,022 12,729
     
Fee and commission expenses (862) (753)
Interest expenses (2,013) (1,904)
Administrative expenses (4,850) (4,989)
     
Other (1,799) (1,047)
Operating result 3,498 4,036
 
Pension insurance 1 January 2019 – 31 December 2019 1 January 2018 – 31 December 2018
Investment income, including: 6 5
external operations 6 5
intersegment operations
Other income 142 149
Income 148 154
     
Administrative expenses (43) (40)
     
Other (4) (7)
Operating result 101 107
   
Insurance – Baltic States 1 January 2019 – 31 December 2019 1 January 2018 – 31 December 2018
Gross written premium – external 1,713 1,592
Gross written premium – cross-segment
Gross written premiums 1,713 1,592
Movement in provision for unearned premiums and gross provision for unexpired risks (54) (62)
Gross earned premium 1,659 1,530
Reinsurers’ share in gross written premium (57) (48)
Reinsurer’s share in the movement in provision for unearned premiums and the gross provision for unexpired risk (2) (2)
Net earned premiums 1,600 1,480
Investment income, including: 38 2
external operations 38 2
intersegment operations
Income 1,638 1,482
     
Net insurance claims and benefits paid (989) (905)
Acquisition expenses (335) (317)
Administrative expenses (133) (125)
     
Other 4 3
Insurance result 185 138
 
Insurance – Ukraine 1 January 2019 – 31 December 2019 1 January 2018 – 31 December 2018
Gross written premium – external 335 257
Gross written premium – cross-segment
Gross written premiums 335 257
Movement in provision for unearned premiums and gross provision for unexpired risks (8) (12)
Gross earned premium 327 245
Reinsurers’ share in gross written premium (106) (96)
Reinsurer’s share in the movement in provision for unearned premiums and the gross provision for unexpired risk (4) 3
Net earned premiums 217 152
Investment income, including: 33 19
external operations 33 19
intersegment operations
Income 250 171
     
Net insurance claims and benefits paid (81) (59)
Acquisition expenses (118) (82)
Administrative expenses (31) (25)
     
Other 19 18
Insurance result 39 23
   
Investment contracts 1 January 2019 – 31 December 2019 1 January 2018 – 31 December 2018
Gross written premium 35 40
Movement in the provision for unearned premiums
Gross earned premium 35 40
Reinsurers’ share in gross written premium
Reinsurer’s share in the movement in the provision for unearned premiums
Net earned premiums 35 40
Investment income, including: 16 (14)
external operations 16 (14)
intersegment operations
Other income
Income 51 26
     
Net insurance claims and benefits and movement in other net technical provisions (42) (15)
Acquisition expenses (1)
Administrative expenses (4) (5)
     
Other (2)
Operating result 5 3
 
Other segments 1 January 2019 – 31 December 2019 1 January 2018 – 31 December 2018
Investment income, including: 6 6
– external operations 6 6
– intersegment operations
Other income 1,086 1,004
Income 1,092 1,010
     
Expenses (1,149) (1,081)
     
Other 22 33
Operating result (35) (38)
   
Reconciliations 1 January 2019 – 31 December 2019 Net earned premiums Investment income Net insurance claims and benefits Acquisition expenses Administrative expenses Operating result
Corporate insurance 2,476 100 (1,610) (519) (131) 327
Mass insurance 10,261 481 (6,410) (1,986) (651) 1,449
Group and individually continued insurance 6,965 668 (5,057) (388) (640) 1,497
Individual insurance 1,579 548 (1,640) (139) (72) 271
Investments 397 397
Banking activity 9,014 (4,850) 3,498
Pension insurance 6 (5) (43) 101
Insurance – Baltic States 1,600 38 (989) (335) (133) 185
Insurance – Ukraine 217 33 (81) (118) (31) 39
Investment contracts 35 16 (42) (4) 5
Other segments 6 (35)
Total segments 23,133 11,307 (15,829) (3,490) (6,555) 7,734
Presentation of investment contracts (35) (7) 42
Estimated salvage and subrogation (4) (4)
Valuation of equity instruments (14) (14)
Measurement of properties (4) (2) (9)
Elimination of the equalization provision and prevention fund (12)
Allowances to the Company Social Benefit Fund and actuarial costs (12) (12)
Consolidation adjustments (8) 58 96 127 (37) (599)1
Consolidated data 23,090 11,3402 (15,695) (3,363) (6,606) 7,084

1 Consolidation adjustments ensue chiefly from the dividends paid between the various segments and the various accounting standards in which the specific reporting segments are reported (PAS and IFRS) and consolidated data (IFRS).
2 The sum of the following line items in the consolidated profit and loss account: “Net investment income”, “Net result on realization of financial instruments and investments”, “Movement in allowances for expected credit losses and impairment losses on financial instruments” and “Net movement in fair value of assets and liabilities measured at fair value”.

   

Reconciliations 1 January 2018 – 31 December 2018(restated) Net earned premiums Investment income Net insurance claims and benefits Acquisition expenses Administrative expenses Operating result
Corporate insurance 2,326 113 (1,591) (477) (131) 268
Mass insurance 10,168 526 (6,171) (1,890) (594) 1,725
Group and individually continued insurance 6,890 581 (4,931) (349) (604) 1,543
Individual insurance 1,344 59 (976) (126) (69) 227
Investments (328) (328)
Banking activity 8,861 (4,989) 4,036
Pension insurance 5 (6) (40) 107
Insurance – Baltic States 1,480 2 (905) (317) (125) 138
Insurance – Ukraine 152 19 (59) (82) (25) 23
Investment contracts 40 (14) (15) (1) (5) 3
Other segments 6 (38)
Total segments 22,400 9,830 (14,648) (3,248) (6,582) 7,704
Presentation of investment contracts (40) 20 15
Estimated salvage and subrogation (5) (5)
Valuation of equity instruments 55 55
Measurement of properties (27) (5) (45)
Elimination of the equalization provision and prevention fund 24
Allowances to the Company Social Benefit Fund and actuarial costs (5) (5)
Consolidation adjustments (10) 17 75 118 (17) (641)1
Consolidated data 22,350 9,8952 (14,563) (3,130) (6,609) 7,087

1 Consolidation adjustments ensue chiefly from the dividends paid between the various segments and the various accounting standards in which the specific reporting segments are reported (PAS and IFRS) and consolidated data (IFRS).
2 The sum of the following line items in the consolidated profit and loss account: “Net investment income”, “Net result on realization of financial instruments and investments”, “Movement in allowances for expected credit losses and impairment losses on financial instruments” and “Net movement in fair value of assets and liabilities measured at fair value”.

 

Geographic breakdown 2019 Poland Baltic States Ukraine Not allocated (consolidation eliminationsand other) Consolidated value
Gross written premium – external 22,143 1,713 335 24,191
Gross written premium – cross-segment 93 (93)
Revenue from commissions and fees 4,138 1 4,139
Investment income1 11,269 38 33 11,340
           
Non-current assets, other than financial assets2 7,069 247 6 7,322
Deferred tax assets 2,310 3 2,313
Assets 341,327 2,877 596 (1,460) 343,340

1 The sum of the following line items in the consolidated profit and loss account: “Net investment income”, “Net result on realization of financial instruments and investments”, “Movement in allowances for expected credit losses and impairment losses on financial instruments” and “Net movement in fair value of assets and liabilities measured at fair value”.
2 applies to intangible assets and property, plant and equipment

   

Geographic breakdown 2018 Poland Baltic States Ukraine Not allocated (consolidation eliminationsand other) Consolidated value
Gross written premium – external 21,621 1,592 257 23,470
Gross written premium – cross-segment 94 (94)
Revenue from commissions and fees 4,109 4,109
Investment income1 9,874 2 19 9,895
           
Non-current assets, other than financial assets2 6,122 238 4 6,364
Deferred tax assets 2,231 3 2,234
Assets 326,874 2,704 409 (1,433) 328,554

1 The sum of the following line items in the consolidated profit and loss account: “Net investment income”, “Net result on realization of financial instruments and investments”, “Movement in allowances for expected credit losses and impairment losses on financial instruments” and “Net movement in fair value of assets and liabilities measured at fair value”.
2 applies to intangible assets and property, plant and equipment