Indicators	Figures in KPW (exchange rate: CHF1 = KPW 130)
	2017	2018	2019
Gross premium written	1 848 775 206	2 842 105 037	3 213 157 061
Earned premium	1 568 419 534	2 516 255 759	2 819 703 771
Total assets	8 135 712 808	8 872 345 568	8 980 556 865
Losses paid	638 406 655	1 721 554 005	2 737 985 201
Paid-up capital	3 000 000 000	3 000 000 000	3 000 000 000
Equity	7 601 805 492	8 046 057 819	7 914 271 619
Result before payment to state	828 725 186	634 646 181	(131 786 200)
Profit after payment to state	580 107 630	444 252 327	(131 786 200)

 

Fire

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Engineering

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Agriculture

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Credit

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Travel

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Balance Sheet as at 31 December 2019

All figures in KPW

No	ASSETS	2017	2018	2019
1	Property, plant and equipment	185,920,000	186,544,000	194,776,000
2	Intangible assets	12,169,600	12,207,040	13,412,960
3	Cash and cash equivalents	7,907,623,208	8,659,038,178	8,764,607,867
4	Trade and other receivables	30,000,000	14,210,525	7,395,000
5	Other receivables and Prepayments	-	345,825	365,038
Total assets		8,135,712,808	8,872,345,568	8,980,556,865

No	EQUITY AND LIABILITIES	2017	2018	2019
1	Equity	7,601,805,492	8,046,057,819	7,914,271,619
1)	Paid-up capital	3,000,000,000	3,000,000,000	3,000,000,000
2)	Organization fund	2,000,000,000	2,000,000,000	2,000,000,000
3)	Reserves	2,000,000,000	2,000,000,000	2,000,000,000
4)	Retained earnings	21,697,862	601,805,492	1,046,057,819
5)	Profit or loss for the period/year	580,107,630	444,252,327	(131,786,200)
2	Gross underwriting provisions	486,472,173	748,622,096	973,119,845
1)	Provision for unearned premium	457,572,173	710,822,096	895,619,845
2)	Provisions for outstanding claims	28,900,000	37,800,000	77,500,000
3	Total liabilities	47,435,143	77,665,653	93,165,401
Total equity and liabilities		8,135,712,808	8,872,345,568	8,980,556,865

 

Income Statement for the Year Ended 31 December 2019

All figures in KPW

		2017	2018	2019
1	Net earned premium	1,568,419,534	2,516,255,759	2,819,703,771
1)	Gross premium written	1,848,775,206	2,842,105,037	3,213,157,061
2)	Change in unearned premium	(267,603,758)	(253,249,923)	(184,797,749)
3)	Reinsurance premium	(12,751,914)	(72,599,355)	(208,655,541)
2	Other income	30,000,000	30,462,840	77,892,948
3	Net claims incurred	(667,306,655)	(1,745,143,480)	(2,808,090,201)
1)	Claims incurred	(638,406,655)	(1,721,554,005)	(2,737,985,201)
2)	Outstanding losses	(28,900,000)	(23,589,475)	(70,105,000)
4	Management expenses	(101,878,693)	(166,098,938)	(220,191,719)
5	Other expenses	(509,000)	(830,000)	(1,101,000)
6	Result before payment to state	828,725,186	634,646,181	(131,786,200)
7	Payment to state	(248,617,556)	(190,393,854)	-
Profit after payment to state		580,107,630	444,252,327	(131,786,200)

 

Cash Flow Statement for the Year Ended 31 December 2019

All figures in KPW

		2017	2018	2019
1	Operating activities
1)	Cash generated from operations	1,141,658,352	942,470,264	115,007,609
2)	Payment to state	(248,617,556)	(190,393,854)	-
	Net cash flows from operating activities	893,040,796	752,076,410	115,007,609
2	Investing activities
1)	Purchase of property, plant and equipment	(84,480,000)	(624,000)	(8,232,000)
2)	Purchase of intangible assets	(5,068,800)	(37,440)	(1,205,920)
	Net cash flows from investing activities	(89,548,800)	(661,440)	(9,437,920)
3	Financial activities
	Net cash flows from investing activities	-	-	-
4	Net change in cash and cash equivalents	803,491,996	751,414,970	105,569,689
5	Cash and cash equivalents at beginning of year	7,104,131,212	7,907,623,208	8,659,038,178
Cash and cash equivalents at end of year		7,907,623,208	8,659,038,178	8,764,607,867