Management Board of Amplico Life First American-Polish Life Insurance and Reinsurance Company SA announced financial results obtained by the Company in 2006. Total gross premium collected in this period amounted to PLN 1 602 mln an increase of 31% against 2005.
Assets of the Company totaled PLN 7 131 mln as for 31 December 2006.
The gross claims and benefits paid in 2006 totaled PLN 611 mln.
Gross profit totaled PLN 314 mln, Net profit stood at PLN 254 mln.
Financial results of Amplico Life |
I-XII 2005 In PLN'000 |
I-XII 2006 In PLN'000 |
Growth dynamic |
|---|---|---|---|
| Gross premium written | 1 224 296 |
1 602 331 |
31% |
| Gross claims and benefits paid | 500 155 |
611 104 |
22% |
| Capital stock | 11 000 |
11 000 |
0% |
| Gross technical-insurance reserves | 4 603 700 |
5 451 842 |
18% |
| Costs of insurance activity including: | 210 207 |
340 414 |
62% |
| -acquisition costs | 136 069 |
260 046 |
91% |
| -administrative costs | 99 540 |
106 793 |
7% |
| Gross financial result | 355 580 |
314 014 |
-12% |
| Net financial result | 291 765 |
254 560 |
-13% |
| Solvency margin | 202 275 |
233 072 |
15% |
