By Helgi Library - February 23, 2018
Ceska Pojistovna made a net profit of CZK 5,140 mil in 2016, up 22.2% when compared to the last year. This implies a return on e...
By Helgi Library - February 23, 2018
Ceska Pojistovna made a net profit of CZK 5,140 mil in 2016, up 22.2% when compared to the last year. This implies a return on e...
By Helgi Library - February 23, 2018
Ceska Pojistovna employed 4,254 persons in 2016, up 5.48% when compared to the previous year. Historically, the firm's workforce...
| Profit Statement | 2014 | 2015 | 2016 | |
| Gross Written Premiums | CZK mil | 28,048 | 28,652 | 28,098 |
| Net Written Premiums | CZK mil | 21,504 | 18,697 | 18,181 |
| Total Revenues | CZK mil | 28,048 | 26,019 | 25,936 |
| Expenses For Claims & Benefits | CZK mil | 13,845 | 10,881 | 11,003 |
| Total Cost | CZK mil | 24,059 | 19,717 | 19,893 |
| Pre-Tax Profit | CZK mil | 4,550 | 6,302 | 6,043 |
| Net Profit | CZK mil | 3,673 | 4,207 | 5,140 |
| Dividends | CZK mil | 3,272 | 3,684 | ... |
| Balance Sheet | 2014 | 2015 | 2016 | |
| Total Assets | CZK mil | 209,425 | 208,154 | 219,551 |
| Intangible Assets | CZK mil | 3,013 | 2,369 | 2,312 |
| Investments | CZK mil | 182,973 | 183,267 | 193,187 |
| Reinsurance Assets | CZK mil | 9,977 | 9,820 | 9,732 |
| Shareholders' Equity | CZK mil | 31,413 | 34,636 | 38,386 |
| Liabilities | CZK mil | 178,012 | 173,518 | 181,165 |
| Underwritting Provisions | CZK mil | 77,397 | 94,490 | 104,822 |
| Ratios | 2014 | 2015 | 2016 | |
| ROE | % | 13.4 | 13.1 | 14.9 |
| ROA | % | 1.80 | 2.01 | 2.40 |
| Net Margin | % | 13.1 | 16.2 | 19.8 |
| Investment Yield | % | 1.88 | 2.98 | 3.16 |
| Combined Ratio | % | 77.1 | 64.3 | 64.6 |
| Claims Ratio | % | 66.2 | 55.0 | 54.4 |
| Acquisition Cost (As % Of Premiums) | % | 10.9 | 9.38 | 10.1 |
| Equity (As % Of Assets) | % | 15.0 | 16.6 | 17.5 |
| Growth Rates | 2014 | 2015 | 2016 | |
| Gross Written Premiums Growth | % | -10.4 | 2.15 | -1.93 |
| Total Revenue Growth | -10.4 | -7.23 | -0.319 | |
| Pre-Tax Profit Growth | % | -15.1 | 38.5 | -4.11 |
| Net Profit Growth | % | -17.0 | 14.5 | 22.2 |
| Investments Growth | % | 7.93 | 0.161 | 5.41 |
| Reinsurance Assets Growth | % | -3.05 | -1.57 | -0.896 |
| Total Asset Growth | % | 4.99 | -0.607 | 5.48 |
| Shareholders' Equity Growth | % | 27.6 | 10.3 | 10.8 |
| Underwritting Provisions Growth | % | -7.36 | 22.1 | 10.9 |
Get all company financials in excel:
| summary | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
| income statement | |||||||||||||||||||
| Gross Written Premiums | CZK mil | 37,664 | 34,406 | 33,709 | 31,313 | 28,048 | |||||||||||||
| Total Revenues | CZK mil | 37,643 | 31,200 | 33,976 | 31,319 | 28,048 | |||||||||||||
| Total Cost | CZK mil | 30,845 | 27,405 | 29,199 | 25,954 | 24,059 | |||||||||||||
| Net Profit | CZK mil | 9,466 | 3,110 | 3,693 | 4,427 | 3,673 | |||||||||||||
| balance sheet | |||||||||||||||||||
| Cash & Cash Equivalents | CZK mil | ... | ... | 9,862 | 5,722 | 9,647 | 7,272 | 5,050 | |||||||||||
| Investments | CZK mil | ... | ... | 146,536 | 150,672 | 163,866 | 169,523 | 182,973 | |||||||||||
| Reinsurance Assets | CZK mil | ... | ... | 10,276 | 9,508 | 9,735 | 10,291 | 9,977 | |||||||||||
| Total Assets | CZK mil | ... | ... | 183,116 | 178,230 | 196,084 | 199,477 | 209,425 | |||||||||||
| Shareholders' Equity | CZK mil | ... | ... | 24,761 | 17,019 | 24,906 | 24,617 | 31,413 | |||||||||||
| Liabilities | CZK mil | ... | ... | 158,355 | 161,211 | 171,178 | 174,860 | 178,012 | |||||||||||
| Underwritting Provisions | CZK mil | ... | ... | 90,414 | 87,357 | 87,267 | 83,548 | 77,397 | |||||||||||
| ratios | |||||||||||||||||||
| ROE | % | ... | ... | ... | 38.8 | 14.9 | 17.8 | 18.3 | 13.4 | ||||||||||
| ROA | % | ... | ... | 5.21 | 1.72 | 1.97 | 2.24 | 1.80 | |||||||||||
| Net Margin | % | 25.1 | 9.97 | 10.9 | 14.1 | 13.1 | |||||||||||||
| Investment Yield | % | ... | ... | 6.90 | 2.94 | 6.07 | 3.16 | 1.88 | |||||||||||
| Combined Ratio | % | ... | ... | 80.6 | 71.3 | 75.2 | 77.2 | 77.1 | |||||||||||
| Claims Ratio | % | ... | ... | 71.3 | 59.2 | 61.9 | 65.9 | 66.2 | |||||||||||
| Cost Ratio | % | ... | ... | 25.2 | 29.3 | 31.0 | 27.8 | 28.9 | |||||||||||
| Acquisition Cost (As % Of Premiums) | % | ... | ... | 9.32 | 12.1 | 13.3 | 11.3 | 10.9 | |||||||||||
| Administrative Cost (As % Of Assets) | % | ... | ... | 1.78 | 1.57 | 1.47 | 1.35 | 1.55 | |||||||||||
| Equity (As % Of Assets) | % | ... | ... | 13.5 | 9.55 | 12.7 | 12.3 | 15.0 | |||||||||||
| Life Insurance (As % Of Total Premium) | % | ... | ... | 41.6 | 38.4 | 37.0 | 37.6 | 38.7 | |||||||||||
| Non-Life Insurance (As % Of Total Premium) | % | ... | ... | 57.0 | 59.2 | 58.4 | 60.8 | 65.4 |
| income statement | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
| income statement | |||||||||||||||||||
| Gross Written Premiums | CZK mil | 37,664 | 34,406 | 33,709 | 31,313 | 28,048 | |||||||||||||
| Premiums Ceded To Reinsurers | CZK mil | ... | ... | 10,836 | 10,495 | 10,411 | 8,906 | 6,544 | |||||||||||
| Net Written Premiums | CZK mil | 26,828 | 23,911 | 23,298 | 22,407 | 21,504 | |||||||||||||
| Financial Result | CZK mil | ... | ... | 10,108 | 4,427 | 9,951 | 5,351 | 3,438 | |||||||||||
| Other Income | CZK mil | ... | ... | 707 | 2,862 | 727 | 3,561 | 3,106 | |||||||||||
| Total Revenues | CZK mil | 37,643 | 31,200 | 33,976 | 31,319 | 28,048 | |||||||||||||
| Expenses For Claims & Benefits | CZK mil | 20,386 | 15,816 | 16,101 | 14,764 | 13,845 | |||||||||||||
| Of Which Reinsurers' Share | CZK mil | ... | ... | 6,457 | 4,547 | 4,777 | 5,875 | 4,713 | |||||||||||
| Acquisition Cost | CZK mil | ... | ... | 3,512 | 4,176 | 4,471 | 3,547 | 3,055 | |||||||||||
| Administrative Cost | CZK mil | ... | ... | 3,237 | 2,841 | 2,745 | 2,672 | 3,164 | |||||||||||
| Other Cost | CZK mil | ... | ... | 3,710 | 4,572 | 5,882 | 4,971 | 3,995 | |||||||||||
| Total Cost | CZK mil | 30,845 | 27,405 | 29,199 | 25,954 | 24,059 | |||||||||||||
| Other And Extra Cost | CZK mil | 97.0 | -61.0 | 174 | 6.00 | -561 | |||||||||||||
| Pre-Tax Profit | CZK mil | ... | ... | 6,701 | 3,856 | 4,603 | 5,359 | 4,550 | |||||||||||
| Tax | CZK mil | ... | ... | 1,053 | 735 | 898 | 857 | 828 | |||||||||||
| Minorities | CZK mil | ... | ... | 11.0 | 11.0 | 12.0 | 75.0 | 49.0 | |||||||||||
| Net Profit | CZK mil | 9,466 | 3,110 | 3,693 | 4,427 | 3,673 | |||||||||||||
| Dividends | CZK mil | ... | ... | ... | 9,400 | 3,000 | 3,400 | 3,344 | 3,272 | ... | |||||||||
| growth rates | |||||||||||||||||||
| Gross Written Premiums Growth | % | ... | -3.67 | -8.65 | -2.03 | -7.11 | -10.4 | ||||||||||||
| Net Written Premiums Growth | % | ... | -3.50 | -10.9 | -2.56 | -3.82 | -4.03 | ||||||||||||
| Total Revenues Growth | % | ... | -2.14 | -17.1 | 8.90 | -7.82 | -10.4 | ||||||||||||
| Gross Claims Growth | % | ... | ... | ... | 10.6 | -24.1 | 2.53 | -1.14 | -10.1 | ||||||||||
| Acquisition Cost Growth | % | ... | ... | ... | 0.978 | 18.9 | 7.06 | -20.7 | -13.9 | ||||||||||
| Administrative Cost Growth | % | ... | ... | ... | -3.60 | -12.2 | -3.38 | -2.66 | 18.4 | ||||||||||
| Operating Cost Growth | % | ... | ... | ... | 6.20 | -11.2 | 6.55 | -11.1 | -7.30 | ||||||||||
| Pre-Tax Profit Growth | % | ... | ... | ... | -27.7 | -42.5 | 19.4 | 16.4 | -15.1 | ||||||||||
| Net Profit Growth | % | ... | 7.24 | -67.1 | 18.7 | 19.9 | -17.0 | ||||||||||||
| market share | |||||||||||||||||||
| Market Share in Total Insurance Premium | % | 24.1 | 22.2 | 22.0 | 20.0 | ... | ... | ... | |||||||||||
| Market Share in Life Insurance Premium | % | ... | ... | 21.8 | 18.3 | 17.3 | 16.5 | ... | ... | ... | |||||||||
| Market Share in Non-Life Insurance Premium | % | ... | ... | 25.4 | 24.6 | 24.2 | 22.4 | ... | ... | ... | |||||||||
| Market Share in Net Profit | % | ... | 44.4 | 31.9 | 30.6 | 39.4 | ... | ... | ... |
| balance sheet | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
| balance sheet | |||||||||||||||||||
| Intangible Assets | CZK mil | ... | ... | 2,886 | 2,893 | 3,269 | 3,274 | 3,013 | |||||||||||
| Investments | CZK mil | ... | ... | 146,536 | 150,672 | 163,866 | 169,523 | 182,973 | |||||||||||
| Reinsurance Assets | CZK mil | ... | ... | 10,276 | 9,508 | 9,735 | 10,291 | 9,977 | |||||||||||
| Receivables | CZK mil | ... | ... | 11,831 | 7,407 | 7,431 | 7,498 | 6,940 | |||||||||||
| Cash & Cash Equivalents | CZK mil | ... | ... | 9,862 | 5,722 | 9,647 | 7,272 | 5,050 | |||||||||||
| Other Assets | CZK mil | ... | ... | 1,725 | 2,028 | 2,136 | 1,619 | 1,472 | |||||||||||
| Total Assets | CZK mil | ... | ... | 183,116 | 178,230 | 196,084 | 199,477 | 209,425 | |||||||||||
| Equity | CZK mil | ... | ... | 24,761 | 17,019 | 24,906 | 24,617 | 31,413 | |||||||||||
| Of Which Minority Interest | CZK mil | ... | ... | 67.0 | 90.0 | 414 | 618 | 657 | |||||||||||
| Subordinated Liabilities | CZK mil | ... | ... | 0 | 0 | 0 | 0 | 0 | |||||||||||
| Underwritting Provisions | CZK mil | ... | ... | 90,414 | 87,357 | 87,267 | 83,548 | 77,397 | |||||||||||
| Other Provisions | CZK mil | ... | ... | 1,875 | 1,446 | 1,256 | 1,725 | 1,652 | |||||||||||
| Other Liabilities | CZK mil | ... | ... | 66,066 | 72,408 | 82,655 | 89,587 | 98,963 | |||||||||||
| Liabilities | CZK mil | ... | ... | 158,355 | 161,211 | 171,178 | 174,860 | 178,012 | |||||||||||
| investment portfolio | |||||||||||||||||||
| Real Estate | CZK mil | ... | ... | 1,889 | 1,891 | 2,409 | 5,227 | 7,454 | |||||||||||
| Cash And Deposits | CZK mil | ... | ... | 140,579 | 143,286 | 158,265 | 160,858 | 169,114 | |||||||||||
| Loans | CZK mil | ... | ... | 4,062 | 5,489 | 3,181 | 3,051 | 5,942 | |||||||||||
| Other | CZK mil | ... | ... | 6.00 | 6.00 | 11.0 | 387 | 463 | |||||||||||
| Total Portfolio | CZK mil | ... | ... | 146,536 | 150,672 | 163,866 | 169,523 | 182,973 | |||||||||||
| growth rates | |||||||||||||||||||
| Investments Growth | % | ... | ... | ... | -0.182 | 2.82 | 8.76 | 3.45 | 7.93 | ||||||||||
| Reinsurance Assets Growth | % | ... | ... | ... | 10.9 | -7.47 | 2.39 | 5.71 | -3.05 | ||||||||||
| Total Asset Growth | % | ... | ... | ... | 1.66 | -2.67 | 10.0 | 1.73 | 4.99 | ||||||||||
| Shareholders' Equity Growth | % | ... | ... | ... | 2.65 | -31.3 | 46.3 | -1.16 | 27.6 | ||||||||||
| Underwritting Provisions Growth | % | ... | ... | ... | 2.50 | -3.38 | -0.103 | -4.26 | -7.36 | ||||||||||
| market share | |||||||||||||||||||
| Market Share in Assets | % | ... | ... | 42.5 | 41.5 | 41.9 | 43.9 | ... | ... | ... | |||||||||
| Market Share in Net Profit | % | ... | 44.4 | 31.9 | 30.6 | 39.4 | ... | ... | ... | ||||||||||
| Market Share in Technical Reserves | % | ... | ... | 29.2 | 27.2 | 23.2 | 22.7 | ... | ... | ... | |||||||||
| Market Share in Life Insurance Reserves | % | 31.4 | 28.8 | 22.9 | 22.6 | ... | ... | ... | |||||||||||
| Market Share in Non-Life Insurance Reserves | % | 23.5 | 22.4 | 22.4 | 23.0 | ... | ... | ... |
| ratios | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
| ratios | |||||||||||||||||||
| ROE | % | ... | ... | ... | 38.8 | 14.9 | 17.8 | 18.3 | 13.4 | ||||||||||
| ROA | % | ... | ... | 5.21 | 1.72 | 1.97 | 2.24 | 1.80 | |||||||||||
| Net Margin | % | 25.1 | 9.97 | 10.9 | 14.1 | 13.1 | |||||||||||||
| Investment Yield | % | ... | ... | 6.90 | 2.94 | 6.07 | 3.16 | 1.88 | |||||||||||
| Combined Ratio | % | ... | ... | 80.6 | 71.3 | 75.2 | 77.2 | 77.1 | |||||||||||
| Claims Ratio | % | ... | ... | 71.3 | 59.2 | 61.9 | 65.9 | 66.2 | |||||||||||
| Cost Ratio | % | ... | ... | 25.2 | 29.3 | 31.0 | 27.8 | 28.9 | |||||||||||
| Acquisition Cost (As % Of Premiums Written) | % | ... | ... | 9.32 | 12.1 | 13.3 | 11.3 | 10.9 | |||||||||||
| Administrative Cost (As % Of Assets) | % | ... | ... | 1.78 | 1.57 | 1.47 | 1.35 | 1.55 | |||||||||||
| Equity (As % Of Assets) | % | ... | ... | 13.5 | 9.55 | 12.7 | 12.3 | 15.0 | |||||||||||
| Payout Ratio | % | ... | ... | ... | 99.3 | 96.5 | 92.1 | 75.5 | 89.1 | ... | |||||||||
| Employees | 3,957 | 4,375 | 4,596 | 4,621 | 4,674 | ||||||||||||||
| Cost Per Employee | USD per month | ... | ... | 2,979 | 3,037 | 2,566 | 2,927 | 2,768 | |||||||||||
| Cost Per Employee (Local Currency) | CZK per month | ... | ... | 56,924 | 53,714 | 50,189 | 57,275 | 59,157 | |||||||||||
| Staff Cost (As % Of Total Cost) | % | ... | ... | 8.76 | 10.3 | 9.48 | 12.2 | 13.8 | |||||||||||
| Revenues From Abroad (As % Of Total) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 5.95 | 9.01 | ... | ... |
| Life Insurance (As % Of Total Premium) | % | ... | ... | 41.6 | 38.4 | 37.0 | 37.6 | 38.7 | |||||||||||
| Non-Life Insurance (As % Of Total Premium) | % | ... | ... | 57.0 | 59.2 | 58.4 | 60.8 | 65.4 | |||||||||||
| Life Insurance (As % Of Total Reserves) | % | ... | ... | 74.4 | 74.2 | 72.5 | 72.8 | 71.5 | |||||||||||
| Non-Life Insurance (As % Of Total Reserves) | % | ... | ... | 24.9 | 24.6 | 25.6 | 27.2 | 28.5 |
| other data | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
| other data | |||||||||||||||||||
| Revenues From Abroad | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1,865 | 2,527 | ... | ... |
| Life Insurance Premium | CZK mil | ... | ... | 15,656 | 13,205 | 12,462 | 11,774 | 10,844 | |||||||||||
| Non-Life Insurance Premium | CZK mil | ... | ... | 21,452 | 20,381 | 19,678 | 19,038 | 18,347 | |||||||||||
| Technical Insurance Reserves | CZK mil | ... | ... | 90,414 | 87,357 | 87,267 | 83,548 | 77,397 | |||||||||||
| Life Insurance Reserves | CZK mil | 67,259 | 64,826 | 63,283 | 60,823 | 55,344 | |||||||||||||
| Non-Life Insurance Reserves | CZK mil | 22,535 | 21,456 | 22,357 | 22,725 | 22,053 | |||||||||||||
| Number Of Insurance Policies | mil | 8.77 | 8.39 | 8.37 | 8.45 | 8.44 |
Get all company financials in excel:
By Helgi Library - February 23, 2018
Ceska Pojistovna employed 4,254 persons in 2016, up 5.48% when compared to the previous year. Historically, the firm's workforce hit an all time high of 6,585 persons in 2003 and an all time low of 3,957 in 2010. Average cost reached USD 2,582 per month per emplo...
By Helgi Library - February 23, 2018
Ceska Pojistovna's total investments reached CZK 193,187 mil at the end of 2016, up 5.41% when compared to the previous year. Financial investments formed 89.9% of total investment portfolio at the end of 2016. Loans represented 4.61% and real estate a...
By Helgi Library - February 23, 2018
Ceska Pojistovna's total investments reached CZK 193,187 mil at the end of 2016, up 5.41% when compared to the previous year. Financial investments formed 89.9% of total investment portfolio at the end of 2016. Loans represented 4.61% and real estate a...
By Helgi Library - February 23, 2018
Ceska Pojistovna managed total insurance reserves worth CZK 104,822 mil at the end of 2016, up 10.9% when compared to the previous year. Historically, the firm’s technical reserves reached an all time high of CZK 104,822 mil in 2016 and an all time low of CZK 77,...
By Helgi Library - February 23, 2018
Ceska Pojistovna managed total insurance reserves worth CZK 104,822 mil at the end of 2016, up 10.9% when compared to the previous year. Historically, the firm’s technical reserves reached an all time high of CZK 104,822 mil in 2016 and an all time low of CZK 77,...
By Helgi Library - February 23, 2018
Ceska Pojistovna's total assets reached CZK 219,551 mil at the end of 2016, up 5.48% when compared to the previous year. Assets were funded mostly by under-writting provisions, which amounted to CZK 104,822 mil at the year-end, or 47.7% of assets. In addition, equity...
By Helgi Library - February 23, 2018
Ceska Pojistovna's total assets reached CZK 219,551 mil at the end of 2016, up 5.48% when compared to the previous year. Assets were funded mostly by under-writting provisions, which amounted to CZK 104,822 mil at the year-end, or 47.7% of assets. In addition, equity...
By Helgi Library - February 23, 2018
Ceska Pojistovna sold gross insurance premium worth CZK 28,098 mil in 2016, down 1.93% when compared to the previous year. This represented 108% of total firm's revenues. Life premium amounted to CZK 9,153 mil, or 32.6% of total gross premium written while non-life...
By Helgi Library - February 23, 2018
Ceska Pojistovna sold gross insurance premium worth CZK 28,098 mil in 2016, down 1.93% when compared to the previous year. This represented 108% of total firm's revenues. Life premium amounted to CZK 9,153 mil, or 32.6% of total gross premium written while non-life...
By Helgi Library - February 23, 2018
Ceska Pojistovna generated total net revenues of CZK 25,936 mil in 2016, down 0.319% when compared to the previous year. Historically, the firm’s revenues reached an all time high of CZK 49,161 mil in 2006 and an all time low of CZK 25,936 mil in 2016. The avera...
Česká pojišťovna is the largest Czech insurance company with a history dating back more than 185 years. Today's Česká pojišťovna was founded in 1992 and the company's shares were listed on the Prague Stock Exchange in 1993. The company's shares have been gradually bought by the PPF Group and the company was delisted from the Stock Exchange in 2005 in conjunction with a squeeze-out of minority shareholders. As a composite insurer, Česká pojišťovna provides a comprehensive range of services, encompassing life and non-life personal lines, insurance for small, mid-sized, and large customers covering industrial and business risks, and agriculture. Since 2008, Česká pojišťovna has been part of Generali Group. In January 2013, the PPF Group announced that it had agreed to sell its 49% stake in Generali PPF Holding B.V. to Assicurazioni Generali S.p.A.
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