Access America 2007 Annual Report Download - page 38

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in thousand EUR 2007 2007 2007 2006
Gross Ceded For own For own
account account
INSURANCE AND ASSISTANCE BUSINESS
Total turnover (premiums and service revenue) 1 523 068 12 382 1 510 686 1 357 082
Written premiums 1 153 975 12 382 1 141 593 1 034 673
Unearned premium reserve change (33 682) 22 (33 704) (26 892)
Earned premiums 1 120 293 12 404 1 107 889 1 007 781
Claims paid current year (410 456) (3 890) (406 566) (375 695)
Transferred claims administration
expenses (ICHC) CY (113 586) (113 586) (103 299)
Change in current year reserves (131 559) (2 106) (129 453) (119 429)
Claims incurred current year (655 601) (5 996) (649 605) (598 423)
Claims paid previous year (88 871) (3 392) (85 479) (75 706)
Transferred claims administration
expenses (ICHC) PY (9 446) (9 446) (12 941)
Change in previous year reserves 111 336 1 667 109 669 95 915
Claims incurred previous year 13 019 (1 725) 14 744 7 268
Other technical income / expenses (17 960) (330) (17 630) (23 010)
Total claims (660 542) (8 051) (652 491) (614 165)
Commission paid (Insurance Business) (260 377) (763) (259 614) (233 402)
Insurance margin 199 374 3 590 195 784 160 214
Service revenue 369 093 322 409
Service income deferred change (12 707) (5 907)
Service revenue earned 356 386 316 502
Other service income / expenses (27 384) (12 755)
Commission paid (service business) (45 203) (38 179)
Transferred service administration expenses (ISHC) (162 222) (158 222)
Service Margin 121 577 107 346
Staff costs (343 705) (310 905)
IT costs (22 324) (19 895)
Telecommunication costs (13 555) (12 886)
Fees for group services (11 802) (2 185)
Other administration costs (146 643) (132 632)
Transfer of ICHC and ISHC 285 253 274 462
General expenses after transfer (252 776) (204 041)
Technical r esult 64 585 63 519
Financial statements of
Mondial Assistance Group
Consolidated Income Statement of
Mondial Assistance Group for the Financial Year 2007
Financial results
28