By Helgi Library - February 23, 2018
Kooperativa pojistovna made a net profit of CZK 1,790 mil under revenues of CZK 28,088 mil in 2016, down 36.5% and up 4.46% ...
By Helgi Library - February 23, 2018
Kooperativa pojistovna made a net profit of CZK 1,790 mil under revenues of CZK 28,088 mil in 2016, down 36.5% and up 4.46% ...
By Helgi Library - February 23, 2018
Kooperativa pojistovna employed 3,679 persons in 2016, up 0.191% when compared to the previous year. Historically, the firm's wo...
| Profit Statement | 2014 | 2015 | 2016 | |
| Gross Written Premiums | CZK mil | 31,738 | 31,447 | 32,331 |
| Net Written Premiums | CZK mil | 26,121 | 25,654 | 26,053 |
| Total Revenues | CZK mil | 28,827 | 26,889 | 28,088 |
| Expenses For Claims & Benefits | CZK mil | 17,036 | 13,905 | 13,468 |
| Total Cost | CZK mil | 25,756 | 23,561 | 25,945 |
| Pre-Tax Profit | CZK mil | 3,072 | 3,328 | 2,143 |
| Net Profit | CZK mil | 2,665 | 2,818 | 1,790 |
| Balance Sheet | 2014 | 2015 | 2016 | |
| Total Assets | CZK mil | 69,386 | 70,064 | 70,035 |
| Intangible Assets | CZK mil | 99.2 | 106 | 120 |
| Investments | CZK mil | 55,900 | 57,456 | 54,692 |
| Reinsurance Assets | CZK mil | 3,556 | 3,762 | 4,220 |
| Shareholders' Equity | CZK mil | 13,795 | 13,595 | 12,479 |
| Liabilities | CZK mil | 55,591 | 56,469 | 57,556 |
| Underwritting Provisions | CZK mil | 43,104 | 43,543 | 44,412 |
| Ratios | 2014 | 2015 | 2016 | |
| ROE | % | 19.0 | 20.6 | 13.7 |
| ROA | % | 3.88 | 4.04 | 2.55 |
| Net Margin | % | 9.24 | 10.5 | 6.37 |
| Investment Yield | % | 2.46 | 1.65 | 1.61 |
| Combined Ratio | % | 67.3 | 57.4 | 63.5 |
| Claims Ratio | % | 57.6 | 48.0 | 49.7 |
| Acquisition Cost (As % Of Premiums) | % | 9.65 | 9.45 | 13.8 |
| Equity (As % Of Assets) | % | 19.9 | 19.4 | 17.8 |
| Growth Rates | 2014 | 2015 | 2016 | |
| Gross Written Premiums Growth | % | 1.33 | -0.915 | 2.81 |
| Total Revenue Growth | -2.00 | -6.72 | 4.46 | |
| Pre-Tax Profit Growth | % | -25.1 | 8.36 | -35.6 |
| Net Profit Growth | % | -23.0 | 5.75 | -36.5 |
| Investments Growth | % | 0.234 | 2.78 | -4.81 |
| Reinsurance Assets Growth | % | 5.36 | 5.77 | 12.2 |
| Total Asset Growth | % | 2.09 | 0.976 | -0.040 |
| Shareholders' Equity Growth | % | -3.63 | -1.46 | -8.21 |
| Underwritting Provisions Growth | % | 1.25 | 1.02 | 2.00 |
Get all company financials in excel:
| summary | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
| income statement | ||||||||||||||||||
| Gross Written Premiums | CZK mil | ... | 30,895 | 30,503 | 30,617 | 31,320 | 31,738 | |||||||||||
| Total Revenues | CZK mil | ... | 30,471 | 28,999 | 29,847 | 29,416 | 28,827 | |||||||||||
| Total Cost | CZK mil | ... | 26,399 | 25,679 | 25,553 | 25,317 | 25,756 | |||||||||||
| Net Profit | CZK mil | ... | 3,477 | 2,790 | 3,246 | 3,459 | 2,665 | |||||||||||
| balance sheet | ||||||||||||||||||
| Cash & Cash Equivalents | CZK mil | ... | 105 | 121 | 1,643 | 962 | 1,689 | |||||||||||
| Investments | CZK mil | ... | 53,793 | 53,866 | 54,923 | 55,769 | 55,900 | |||||||||||
| Reinsurance Assets | CZK mil | ... | 1,948 | 2,181 | 2,624 | 3,375 | 3,556 | |||||||||||
| Total Assets | CZK mil | ... | 61,568 | 62,668 | 65,904 | 67,966 | 69,386 | |||||||||||
| Shareholders' Equity | CZK mil | ... | 13,531 | 13,019 | 13,914 | 14,315 | 13,795 | |||||||||||
| Liabilities | CZK mil | ... | 48,036 | 49,649 | 51,990 | 53,651 | 55,591 | |||||||||||
| Underwritting Provisions | CZK mil | ... | 40,752 | 41,583 | 42,592 | 42,572 | 43,104 | |||||||||||
| ratios | ||||||||||||||||||
| ROE | % | ... | ... | 27.1 | 21.0 | 24.1 | 24.5 | 19.0 | ||||||||||
| ROA | % | ... | 5.82 | 4.49 | 5.05 | 5.17 | 3.88 | |||||||||||
| Net Margin | % | ... | 11.4 | 9.62 | 10.9 | 11.8 | 9.24 | |||||||||||
| Investment Yield | % | ... | 5.23 | 4.37 | 6.32 | 2.80 | 2.46 | |||||||||||
| Combined Ratio | % | ... | 76.1 | 68.0 | 67.6 | 71.9 | 67.3 | |||||||||||
| Claims Ratio | % | ... | 63.1 | 58.2 | 53.5 | 62.8 | 57.6 | |||||||||||
| Cost Ratio | % | ... | 20.8 | 20.1 | 21.7 | 21.9 | 21.6 | |||||||||||
| Acquisition Cost (As % Of Premiums) | % | ... | 13.0 | 9.72 | 14.1 | 9.03 | 9.65 | |||||||||||
| Administrative Cost (As % Of Assets) | % | ... | 2.60 | 3.48 | 1.86 | 4.18 | 3.74 | |||||||||||
| Equity (As % Of Assets) | % | ... | 22.0 | 20.8 | 21.1 | 21.1 | 19.9 | |||||||||||
| Life Insurance (As % Of Total Premium) | % | ... | ... | ... | ... | ... | 27.0 | 28.7 | 29.8 | 31.6 | 31.9 | |||||||
| Non-Life Insurance (As % Of Total Premium) | % | ... | ... | ... | ... | ... | 73.0 | 71.3 | 70.2 | 68.4 | 68.1 |
| income statement | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
| income statement | ||||||||||||||||||
| Gross Written Premiums | CZK mil | ... | 30,895 | 30,503 | 30,617 | 31,320 | 31,738 | |||||||||||
| Premiums Ceded To Reinsurers | CZK mil | ... | 4,186 | 5,028 | 5,247 | 5,555 | 5,617 | |||||||||||
| Net Written Premiums | CZK mil | ... | 26,708 | 25,475 | 25,369 | 25,765 | 26,121 | |||||||||||
| Financial Result | CZK mil | ... | 2,813 | 2,355 | 3,470 | 1,560 | 1,377 | |||||||||||
| Other Income | CZK mil | ... | 950 | 1,170 | 1,008 | 2,091 | 1,330 | |||||||||||
| Total Revenues | CZK mil | ... | 30,471 | 28,999 | 29,847 | 29,416 | 28,827 | |||||||||||
| Expenses For Claims & Benefits | CZK mil | ... | 18,276 | 15,519 | 14,608 | 16,387 | 17,036 | |||||||||||
| Of Which Reinsurers' Share | CZK mil | ... | 2,859 | 2,248 | 1,776 | 3,290 | 1,253 | |||||||||||
| Acquisition Cost | CZK mil | ... | 4,002 | 2,964 | 4,305 | 2,829 | 3,062 | |||||||||||
| Administrative Cost | CZK mil | ... | 1,554 | 2,164 | 1,193 | 2,800 | 2,568 | |||||||||||
| Other Cost | CZK mil | ... | 2,566 | 5,032 | 5,448 | 582 | 428 | |||||||||||
| Total Cost | CZK mil | ... | 26,399 | 25,679 | 25,553 | 25,317 | 25,756 | |||||||||||
| Other And Extra Cost | CZK mil | ... | -5.73 | 34.2 | 409 | 0 | 0 | |||||||||||
| Pre-Tax Profit | CZK mil | ... | 4,078 | 3,286 | 3,885 | 4,099 | 3,072 | |||||||||||
| Tax | CZK mil | ... | 601 | 496 | 639 | 641 | 407 | |||||||||||
| Minorities | CZK mil | ... | 0 | 0 | 0 | 0 | 0 | |||||||||||
| Net Profit | CZK mil | ... | 3,477 | 2,790 | 3,246 | 3,459 | 2,665 | |||||||||||
| growth rates | ||||||||||||||||||
| Gross Written Premiums Growth | % | ... | ... | -0.328 | -1.27 | 0.374 | 2.30 | 1.33 | ||||||||||
| Net Written Premiums Growth | % | ... | ... | -2.94 | -4.62 | -0.414 | 1.56 | 1.38 | ||||||||||
| Total Revenues Growth | % | ... | ... | -1.74 | -4.83 | 2.92 | -1.44 | -2.00 | ||||||||||
| Gross Claims Growth | % | ... | ... | 15.4 | -8.91 | -7.79 | 20.1 | -7.06 | ||||||||||
| Acquisition Cost Growth | % | ... | ... | 13.0 | -25.9 | 45.2 | -34.3 | 8.23 | ||||||||||
| Administrative Cost Growth | % | ... | ... | -43.0 | 39.3 | -44.9 | 135 | -8.32 | ||||||||||
| Operating Cost Growth | % | ... | ... | -5.10 | -2.72 | -0.494 | -0.923 | 1.73 | ||||||||||
| Pre-Tax Profit Growth | % | ... | ... | 34.8 | -19.4 | 18.2 | 5.51 | -25.1 | ||||||||||
| Net Profit Growth | % | ... | ... | 44.0 | -19.8 | 16.4 | 6.53 | -23.0 | ||||||||||
| market share | ||||||||||||||||||
| Market Share in Total Insurance Premium | % | ... | 19.8 | 19.7 | 19.9 | 20.8 | 20.8 | |||||||||||
| Market Share in Life Insurance Premium | % | ... | ... | ... | ... | ... | 11.6 | 12.2 | 12.6 | 13.8 | ... | ... | ... | |||||
| Market Share in Non-Life Insurance Premium | % | ... | ... | ... | ... | ... | 26.7 | 26.2 | 26.4 | 25.3 | ... | ... | ... | |||||
| Market Share in Net Profit | % | ... | 16.3 | 28.6 | 26.9 | 30.7 | ... | ... | ... |
| balance sheet | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
| balance sheet | ||||||||||||||||||
| Intangible Assets | CZK mil | ... | 60.0 | 54.8 | 66.4 | 76.3 | 99.2 | |||||||||||
| Investments | CZK mil | ... | 53,793 | 53,866 | 54,923 | 55,769 | 55,900 | |||||||||||
| Reinsurance Assets | CZK mil | ... | 1,948 | 2,181 | 2,624 | 3,375 | 3,556 | |||||||||||
| Receivables | CZK mil | ... | 1,352 | 1,453 | 1,388 | 2,254 | 2,024 | |||||||||||
| Cash & Cash Equivalents | CZK mil | ... | 105 | 121 | 1,643 | 962 | 1,689 | |||||||||||
| Other Assets | CZK mil | ... | 4,309 | 4,993 | 5,260 | 5,529 | 6,118 | |||||||||||
| Total Assets | CZK mil | ... | 61,568 | 62,668 | 65,904 | 67,966 | 69,386 | |||||||||||
| Equity | CZK mil | ... | 13,531 | 13,019 | 13,914 | 14,315 | 13,795 | |||||||||||
| Of Which Minority Interest | CZK mil | ... | 0 | 0 | 0 | 0 | 0 | |||||||||||
| Subordinated Liabilities | CZK mil | ... | 551 | 557 | 557 | 557 | 557 | |||||||||||
| Underwritting Provisions | CZK mil | ... | 40,752 | 41,583 | 42,592 | 42,572 | 43,104 | |||||||||||
| Other Provisions | CZK mil | ... | 118 | 156 | 253 | 131 | 85.0 | |||||||||||
| Other Liabilities | CZK mil | ... | 6,615 | 7,352 | 8,589 | 10,391 | 11,845 | |||||||||||
| Liabilities | CZK mil | ... | 48,036 | 49,649 | 51,990 | 53,651 | 55,591 | |||||||||||
| investment portfolio | ||||||||||||||||||
| Real Estate | CZK mil | ... | 1,957 | 1,741 | 1,724 | 1,743 | 1,808 | |||||||||||
| Cash And Deposits | CZK mil | ... | 46,904 | 46,214 | 46,100 | 47,010 | 47,513 | |||||||||||
| Loans | CZK mil | ... | 0 | 0 | 0 | 0 | 0 | |||||||||||
| Other | CZK mil | ... | 4,933 | 5,910 | 7,098 | 7,016 | 6,579 | |||||||||||
| Total Portfolio | CZK mil | ... | 53,793 | 53,866 | 54,923 | 55,769 | 55,900 | |||||||||||
| growth rates | ||||||||||||||||||
| Investments Growth | % | ... | ... | 4.26 | 0.134 | 1.96 | 1.54 | 0.234 | ||||||||||
| Reinsurance Assets Growth | % | ... | ... | ... | 43.7 | 11.9 | 20.3 | 28.7 | 5.36 | |||||||||
| Total Asset Growth | % | ... | ... | 6.26 | 1.79 | 5.16 | 3.13 | 2.09 | ||||||||||
| Shareholders' Equity Growth | % | ... | ... | 11.6 | -3.79 | 6.87 | 2.88 | -3.63 | ||||||||||
| Underwritting Provisions Growth | % | ... | ... | 1.04 | 2.04 | 2.42 | -0.046 | 1.25 | ||||||||||
| market share | ||||||||||||||||||
| Market Share in Assets | % | ... | 14.3 | 14.6 | 14.1 | 15.0 | ... | ... | ... | |||||||||
| Market Share in Net Profit | % | ... | 16.3 | 28.6 | 26.9 | 30.7 | ... | ... | ... | |||||||||
| Market Share in Technical Reserves | % | ... | 13.1 | 13.0 | 11.3 | 11.6 | ... | ... | ... |
| ratios | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
| ratios | ||||||||||||||||||
| ROE | % | ... | ... | 27.1 | 21.0 | 24.1 | 24.5 | 19.0 | ||||||||||
| ROA | % | ... | 5.82 | 4.49 | 5.05 | 5.17 | 3.88 | |||||||||||
| Net Margin | % | ... | 11.4 | 9.62 | 10.9 | 11.8 | 9.24 | |||||||||||
| Investment Yield | % | ... | 5.23 | 4.37 | 6.32 | 2.80 | 2.46 | |||||||||||
| Combined Ratio | % | ... | 76.1 | 68.0 | 67.6 | 71.9 | 67.3 | |||||||||||
| Claims Ratio | % | ... | 63.1 | 58.2 | 53.5 | 62.8 | 57.6 | |||||||||||
| Cost Ratio | % | ... | 20.8 | 20.1 | 21.7 | 21.9 | 21.6 | |||||||||||
| Acquisition Cost (As % Of Premiums Written) | % | ... | 13.0 | 9.72 | 14.1 | 9.03 | 9.65 | |||||||||||
| Administrative Cost (As % Of Assets) | % | ... | 2.60 | 3.48 | 1.86 | 4.18 | 3.74 | |||||||||||
| Equity (As % Of Assets) | % | ... | 22.0 | 20.8 | 21.1 | 21.1 | 19.9 | |||||||||||
| Employees | 3,754 | 3,775 | 3,838 | 3,809 | 3,715 | |||||||||||||
| Cost Per Employee | USD per month | ... | 3,116 | 3,259 | 3,115 | 3,040 | 2,794 | |||||||||||
| Cost Per Employee (Local Currency) | CZK per month | ... | 59,541 | 57,633 | 60,936 | 59,470 | 59,716 | |||||||||||
| Staff Cost (As % Of Total Cost) | % | ... | 10.2 | 10.2 | 11.0 | 10.7 | 10.3 | |||||||||||
| Life Insurance (As % Of Total Premium) | % | ... | ... | ... | ... | ... | 27.0 | 28.7 | 29.8 | 31.6 | 31.9 | |||||||
| Non-Life Insurance (As % Of Total Premium) | % | ... | ... | ... | ... | ... | 73.0 | 71.3 | 70.2 | 68.4 | 68.1 |
| other data | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
| other data | ||||||||||||||||||
| Life Insurance Premium | CZK mil | ... | ... | ... | ... | ... | 8,357 | 8,761 | 9,110 | 9,884 | 10,138 | |||||||
| Non-Life Insurance Premium | CZK mil | ... | ... | ... | ... | ... | 22,538 | 21,742 | 21,506 | 21,436 | 21,600 | |||||||
| Technical Insurance Reserves | CZK mil | ... | 40,752 | 41,583 | 42,592 | 42,572 | 43,104 | |||||||||||
| Number Of Insurance Policies | mil | 3.79 | 3.84 | 3.80 | 3.85 | 3.83 | ||||||||||||
| Premium Per Insurance Policy | CZK | ... | 8,150 | 7,934 | 8,051 | 8,129 | 8,287 |
Get all company financials in excel:
By Helgi Library - February 23, 2018
Kooperativa pojistovna employed 3,679 persons in 2016, up 0.191% when compared to the previous year. Historically, the firm's workforce hit an all time high of 3,902 persons in 2008 and an all time low of 2,821 in 2001. Average cost reached USD 2,150 per month pe...
By Helgi Library - February 7, 2018
Kooperativa pojistovna's cost to assets ratio reached 2.42% in 2016, up from 2.09% when compared to the previous year. Historically, the insurance’s costs reached an all time high of 12.7% in 2001 and an all time low of 1.86% in 2012. The average figure for the l...
By Helgi Library - February 7, 2018
Kooperativa pojistovna's cost to assets ratio reached 2.42% in 2016, up from 2.09% when compared to the previous year. Historically, the insurance’s costs reached an all time high of 12.7% in 2001 and an all time low of 1.86% in 2012. The average figure for the l...
By Helgi Library - February 23, 2018
Kooperativa pojistovna's total investments reached CZK 54,692 mil at the end of 2016, down 4.81% when compared to the previous year. Financial investments formed 82.3% of total investment portfolio at the end of 2016. Loans represented 0.000% and real ...
By Helgi Library - February 23, 2018
Kooperativa pojistovna's total investments reached CZK 54,692 mil at the end of 2016, down 4.81% when compared to the previous year. Financial investments formed 82.3% of total investment portfolio at the end of 2016. Loans represented 0.000% and real ...
By Helgi Library - February 23, 2018
Kooperativa pojistovna generated total net revenues of CZK 28,088 mil in 2016, up 4.46% when compared to the previous year. Historically, the firm’s revenues reached an all time high of CZK 31,009 mil in 2009 and an all time low of CZK 10,661 mil in 2001. The av...
By Helgi Library - February 23, 2018
Kooperativa pojistovna generated total net revenues of CZK 28,088 mil in 2016, up 4.46% when compared to the previous year. Historically, the firm’s revenues reached an all time high of CZK 31,009 mil in 2009 and an all time low of CZK 10,661 mil in 2001. The av...
By Helgi Library - February 23, 2018
Kooperativa pojistovna sold gross insurance premium worth CZK 32,331 mil in 2016, up 2.81% when compared to the previous year. This represented 115% of total firm's revenues. Life premium amounted to CZK 8,658 mil, or 26.8% of total gross premium written while non-...
By Helgi Library - February 23, 2018
Kooperativa pojistovna sold gross insurance premium worth CZK 32,331 mil in 2016, up 2.81% when compared to the previous year. This represented 115% of total firm's revenues. Life premium amounted to CZK 8,658 mil, or 26.8% of total gross premium written while non-...
By Helgi Library - February 23, 2018
Kooperativa pojistovna generated total net revenues of CZK 28,088 mil in 2016, up 10.7% when compared to the previous year. Some CZK 26,053 mil, or 92.8% of the revenues came from net written premium. Gross claims reached CZK 13,468 mil in 2016, so average claims ...
Kooperativa is the second largest insurance company in the Czech Republic with a 20% market share. The Company offers a full range of services and all standard types of insurance for individuals as well as company clients from small businesses to large industrial companies. Kooperativa is part of the Vienna Insurance Group (VIG), one of the leading insurance groups in Austria and Central and Eastern Europe. VIG is represented by approximately 50 insurance companies in 24 countries ranging from Albania to Turkey. It earns more than 50% of its total Group premiums in the CEE region with the heaviest contribution coming from the Czech Republic, Slovakia, Poland and Romania. VIG also benefits from a strategic partnership with Erste Bank, Austria's second largest bank
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