Annual report 2016 | Aegon · PDF fileAnnual report 2016 Éves jelentés 2015 ......
Transcript of Annual report 2016 | Aegon · PDF fileAnnual report 2016 Éves jelentés 2015 ......
Éves jelentés 2016
Annual report 2016
Éves jelentés 2015
Annual report 2015
Éves jelentés 2014
Annual report 2014
Éves jelentés 2013
Annual report 2013
Éves jelentés 2012
Annual report 2012
Éves jelentés 2011
Annual report 2011
Éves jelentés 2010
Annual report 2010
Éves jelentés 2009
Annual report 2009
Annual report 2016
Annual report 2016CONSOLIDATED BALANCE SHEET 31 December 2016
1 0 3 8 9 3 9 5 6 5 1 1 1 1 4 0 1
Statistical code
AEGON Magyarország Általános Biztosító Zrt.
Assets HUF millionPDF created on http://www.htm2pdf.co.uk via the HTML to PDF API
Éves jelentés 2008
Annual report 2008
Éves jelentés 2007
Annual report 2007
Kapcsolat:
06-1-477-4800
DescriptionPrevious
yearCurrent year
Total Life Non-lifeOther,
unallocatedTotal
a b c d e
A. Intangible assets 4,425 1,063 1,972 1,601 4,636
B. Investments 178,125 69,943 36,822 77,445 184, 210
I. Real estate 2,020 0 1,922 4 1,926
of which: self-occupied real estate 2,020 0 1,922 4 1,926
II. Investments in affiliatedundertakings
0 -1,199 1,199 0 0
1. Equity investments in parentcompanies and subsidiaries
0 -1,199 1,199 0 0
2. Debt securities issued by, andloans to, parent company andsubsidiaries
0 0 0 0 0
3. Equity investments in joint andassociated companies
0 0 0 0 0
4. Debt securities issued by, andloans to, joint companies
0 0 0 0 0
III. Other investments 176,105 71,142 33,701 77,441 182,284
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1. Equity investments inundertakings with which theinsurance undertaking is linked byvirtue of a participating interest
6,999 3,666 5,610 66 9,342
2. Debt securities (except II/2. andII/4.)
95,691 66,993 28,091 13,584 108,668
3. Participation in investment pools 0 0 0 0 0
4. Loans guaranteed by mortgages(except II/2. and II/4. and III/5.)
71,845 0 0 63,058 63,058
5. Other loans (except II/2. and II/4.and III/4.)
1,570 483 0 733 1,216
6. Deposits with credit institutions 0 0 0 0 0
7. Other investments 0 0 0 0 0
IV. Deposits with cedingundertakings
0 0 0 0 0
V. Revaluation of investments 0 0 0 0 0
VI. Investment valuation difference 0 0 0 0 0
VII. Capital consolidation related tosubsidiaires and associatedundertakings
0 0 0 0 0
C. A Investments for the benefitof unit-linked life assurancepolicyholders
83,114 76,029 0 0 76,029
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D. Debtors 6,914 852 1,650 2,039 4,541
I. Debtors arising out of directinsurance operations 1,133 546 1,260 12 1,818
1. Policyholders 1,076 532 1,068 0 1,600
of which: a) affiliated undertakings 0 0 0 0 0
b) undertakings with which aninsurance undertaking is linked byvirtue of significant participatinginterests
0 0 0 0 0
c) undertakings with which aninsurance undertaking is linked byvirtue of participating interests
0 0 0 0 0
2. Claims on insuranceintermediaries
32 14 41 12 67
of which: a) affiliated undertakings 0 0 0 0 0
b) undertakings with which aninsurance undertaking is linked byvirtue of significant participatinginterests
0 0 0 0 0
c) undertakings with which aninsurance undertaking is linked byvirtue of participating interests
0 0 0 0 0
3. Other debtors arising out of directinsurance activity
25 0 151 0 151
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of which: a) affiliated undertakings 0 0 0 0 0
b) undertakings with which aninsurance undertaking is linked byvirtue of significant participatinginterests
0 0 0 0 0
c) undertakings with which aninsurance undertaking is linked byvirtue of participating interests
0 0 0 0 0
II. Debtors arising out ofreinsurance operations
3 2 4 0 6
of which: a) affiliated undertakings 0 0 0 0 0
b) undertakings with which aninsurance undertaking is linked byvirtue of significant participatinginterests
0 0 0 0 0
c) undertakings with which aninsurance undertaking is linked byvirtue of participating interests
0 0 0 0 0
III. Reinsurers’ share of the lifeassurance premium reserve
0 0 0 0 0
IV. Other debtors 5,778 304 386 2,027 2,727
of which: a) affiliated undertakings 38 0 35 5 40
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b) undertakings with which aninsurance undertaking is linked byvirtue of significant participatinginterests
0 0 0 0 0
c) undertakings with which aninsurance undertaking is linked byvirtue of participating interests
0 0 0 0 0
V. Corporate income tax receivablearising from consolidation(computed)
0 0 0 0 0
VI. Derivates valuation difference 0 0 0 0 0
VII. Corporate income taxreceivable arising fromconsolidation (computed)
0 0 0 0 0
E. Other assets 5,850 499 3,244 2,862 6,605
1. Tangible assets (other than landand buildings), inventories
1,725 181 885 1,132 2,198
2. Cash at bank and in hand 4,125 318 2,359 1,730 4,407
3. Repurchased own shares 0 0 0 0 0
4. Other 0 0 0 0 0
F. Prepayments and accruedincome
8,727 6,308 1,376 505 8,189
1. Accrued interest and rent 1,500 1,075 388 281 1,744
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2. Deferred acquisition costs 5,307 4,425 0 0 4,425
3. Other prepayments and accruedincome
1,920 808 988 224 2,020
Total assets 287,155 154,694 45,064 84,452 284,210
Budapest, 10 April 2017 .............................................Péter Zatykó
Chief Executive Officer
.............................................Gábor ZsigriChief Actuary
.............................................Krisztián Varga
Chief Accounting Officer
CONSOLIDATED BALANCE SHEET, 31 December 2016
1 0 3 8 9 3 9 5 6 5 1 1 1 1 4 0 1
Statistical code
AEGON Magyarország Általános Biztosító Zrt.
Liabilities and equity HUF million
DescriptionPrevious
yearCurrent year
Total Life Non-lifeOther,
unallocatedTotal
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a b c d e
A. Capital and reserves 33,806 12,619 12,587 10,123 35,329
I. Subscribed capital 6,374 3,633 2,741 0 6,374
of which: repurchased participationat nominal value
0 0 0 0 0
II. Subscribed capital no yet paidup (-)
0 0 0 0 0
III. Capital reserve 5,472 3,118 2,353 0 5,471
IV. Retained earnings (+/-) 37,584 2,287 5,584 30,029 37,900
V. Restricted reserve 705 237 632 0 869
VI. Revaluation reserve 0 0 0 0 0
1. Reserve of revaluation 0 0 0 0 0
2. Fair value reserve 0 0 0 0 0
of witch: to the policyholders 0 0 0 0 0
VII. Profit for the financial year (+/-) 13,115 3,344 1,277 8,902 13,523
VIII. Changes in the equity ofsubsidiaries (+/-)
-29,444 0 0 -28,808 -28,808
IX. Changes resulting fromconsolidation (+/-)
0 0 0 0 0
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- from differential of debtconsolidation
0 0 0 0 0
- from differential of interim profits 0 0 0 0 0
X. Participation of externalmembers (other owners)
0 0 0 0 0
B. Subordinated liabilities 68 0 0 68 68
B/1. Differential of debtconsolidation in subsidiaries
68 0 0 68 68
C. Technical provisions 82,854 58,356 28,172 0 86,528
1. Provision for unearnedpremiums [a) + b)]
4,716 65 5,389 0 5,454
a) gross amount 4,760 103 5,418 0 5,521
b) reinsurance amount (-) 44 38 29 0 67
2. Actuarial provisions 60,125 54,044 7,368 0 61,412
a) life assurance premiumprovision [aa)+ab)]
52,823 54,044 0 0 54,044
aa) gross amount 52,823 54,044 0 0 54,044
of which: reinsurance amount 0 0 0 0 0
ab). reinsurance amount (riskinsurance) (-)
0 0 0 0 0
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b) health insurance premiumprovisions (1+
0 0 0 0 0
ba). gross amount 0 0 0 0 0
bb). reinsurance amount 0 0 0 0 0
c) accident insurance annuityprovision
12 0 11 0 11
ca). gross amount 12 0 11 0 11
cb). reinsurance amount (-) 0 0 0 0 0
d) liability insurance annuityprovision (1+2)
7,290 0 7,357 0 7,357
da). gross amount 7,816 0 7,764 0 7,764
db) reinsurance amount (-) 526 0 407 0 407
3. Claims outstanding [a)+b)] 17,487 3,933 15,112 0 19,045
a) case-by-case provisions[aa)+ab)]
12,143 3,463 9,514 0 12,977
aa) gross amount 12,653 3,477 9,869 0 13,346
ab) reinsurance amount (-) 510 14 355 0 369
b) IBNR 5,344 470 5,598 0 6,068
ba) gross amount 5,369 481 5,622 0 6,103
bb) reinsurance amount (-) 25 11 24 0 35
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4. Profit-dependent and profit-independent premiumreimbursement provisions [a)+b)]
47 6 44 0 50
a) Profit-dependent 34 0 35 0 35
aa) gross amount 34 0 35 0 35
ab) reinsurance amount (-) 0 0 0 0 0
b) profit-independent 13 6 9 0 15
ba) gross amount 13 6 9 0 15
bb) reinsurance amount (-) 0 0 0 0 0
5. Equalisation provision 115 0 115 0 115
6. Other technical provisions[a)+b)+c)]
364 308 144 0 452
a) Large claim provisions 21 0 21 0 21
b) Cancellation provisions[ba)+bb)]
152 138 123 0 261
ba) gross amount 165 146 143 0 289
bb) reinsurance amount (-) -13 8 20 0 28
c) other technical provision[ca)+cb)]
191 170 0 0 170
ca) gross amount 191 170 0 0 170
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cb) reinsurance amount (-) 0 0 0 0 0
D. Technical provisions for unit-linked life assurancepolicyholders (1+2)
83,114 76,029 0 0 76,029
a) gross amount 83,114 76,029 0 0 76,029
b) reinsurance amount (-) 0 0 0 0 0
E. Specific provisions 765 732 0 121 853
1. Provisions for contingentliabilities
679 631 0 121 752
2. Provisions for future expenses 86 101 0 0 101
3. Other provisions 0 0 0 0 0
F. Deposits received fromreinsurers
0 0 0 0 0
G. Creditors 81,578 2,529 3,112 73,042 78,683
I. Creditors arising out of directinsurance operations
2,814 168 2,554 0 2,722
of which: a) affiliated undertakings 0 0 0 0 0
b) undertakings with which aninsurance undertaking is linked byvirtue of significant participatinginterests
0 0 0 0 0
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c) undertakings with which aninsurance undertaking is linked byvirtue of participating interests
0 0 0 0 0
II. Creditors arising out ofreinsurance operations
239 21 189 0 210
of which: a) affiliated undertakings 0 0 0 0 0
b) undertakings with which aninsurance undertaking is linked byvirtue of significant participatinginterests
0 0 0 0 0
c) undertakings with which aninsurance undertaking is linked byvirtue of participating interests
0 0 0 0 0
III. Creditors arising out of bondissues
0 0 0 0 0
of which: a) affiliated undertakings 0 0 0 0 0
b) undertakings with which aninsurance undertaking is linked byvirtue of significant participatinginterests
0 0 0 0 0
c) undertakings with which aninsurance undertaking is linked byvirtue of participating interests
0 0 0 0 0
IV. Credits 72,485 0 0 63,750 63,750
of which: a) affiliated undertakings 72,485 0 0 63,750 63,750
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b) undertakings with which aninsurance undertaking is linked byvirtue of significant participatinginterests
0 0 0 0 0
c) undertakings with which aninsurance undertaking is linked byvirtue of participating interests
0 0 0 0 0
V. Other creditors 6,040 2,340 369 9,292 12,001
of which: a) affiliated undertakings 101 1 5 0 6
b) undertakings with which aninsurance undertaking is linked byvirtue of significant participatinginterests
0 0 0 0 0
c) undertakings with which aninsurance undertaking is linked byvirtue of participating interests
0 0 0 0 0
VI. Creditors valuation difference 0 0 0 0 0
VII. Derivates valuation difference 0 0 0 0 0
VIII: Corporate income tax liabilityresulting from consolidation(computed)
0 0 0 0 0
H. Accruals and deferredincome
4,970 4,429 1,193 1,098 6,720
1. Accrued income 1 0 0 1 1
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2. Accrued costs and expenditure 4,969 4,429 1,193 1,097 6,719
3. Deferred income 0 0 0 0 0
Total liabilities and equity 287,155 154,694 45,064 84,452 284,210
Budapest, 10 April 2017 .............................................Péter Zatykó
Chief Executive Officer
.............................................Gábor ZsigriChief Actuary
.............................................Krisztián Varga
Chief Accounting Officer
CONSOLIDATED PROFIT AND LOSS ACCOUNT 31 December 2016
1 0 3 8 9 3 9 5 6 5 1 1 1 1 4 0 1
Statistical code
AEGON Magyarország Általános Biztosító Zrt.
HUF million
DescriptionPrevious
year, totalCurrent year,
total
A) Non-life insurance business a b
01. Earned premiums, net of reinsurance 48,931 53,470
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a) gross premiums written 51,399 56,140
b) outward reinsurance premiums (-) 1,857 1,925
c) change in the gross provision for unearned premiums (+/-) 618 751
d) change in the provision for unearned premiums, reinsurers’ share(+/-)
-7 -6
02. Profit from investments to be returned to policyholders (same asC/06.)
0 0
03. Other technical income 181 262
04. Claims incurred 21,761 23,939
a) claims paid and claim settlement expenses 22,691 22,733
aa) claim payments 20,143 20,360
1. gross amount 20,518 20,742
2. reinsurers’ share (-) 375 382
ab) claim settlement expenses 2,795 2,703
ac) income from claim recovery and claim settlement expensereimbursement (-)
247 330
b) changes in the provision for claims outstanding (+/-) (case-by-case, IBNR)
-930 1,206
ba) case by case -1,911 447
1) gross amount -1,880 349
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2) reinsurers’ share (-) 31 -98
bb) IBNR 981 759
1) gross amount 981 783
2) reinsurers’ share (-) 0 24
05. Changes in actuarial provisions (+/-) -404 66
a) changes in the health insurance premium provision (+/-) 0 0
aa) gross amount 0 0
ab) reinsurers’ share (-) 0 0
b) changes in the accident insurance annuity provision (+/-) 0 -1
ba) gross amount 0 -1
bb) reinsurers’ share (-) 0 0
c) changes in the liability insurance annuity provisions (+/-) -404 67
ca) gross amount -627 -52
cb) reinsurers’ share (-) -223 -119
06. Changes in the profit-dependent and profit-independent premiumreimbursement provisions (+/-)
-2 -1
a) profit-dependent premium reimbursement provisions (+/-) 0 0
aa) gross amount 0 0
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ab) reinsurers’ share (-) 0 0
b) profit-independent premium reimbursement provisions (+/-) 0 3
ba) gross amount 0 3
bb) reinsurers’ share (-) 0 0
07. Changes in the equalisation provision (+/-) 0 0
08. Changes in other technical provisions (+/-) -16 12
a) large claim provisions 0 0
b) cancellation provisions -16 12
ba) gross amount -6 19
bb) reinsurers’ share (-) -10 7
c) changes in other technical provisions 0 0
ca) gross amount 0 0
cb) reinsurers’ share (-) 0 0
09. Net operating expenses 15,799 17,488
a) acquisition costs incurred in the financial year 10,054 11,460
b) change in deferred acquisition costs (+/-) 0 0
c) administrative expenses (except investment costs) 5,749 6,030
d) reinsurance commissions and profit participation (-) 4 2
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10. Other technical charges 4,431 4,675
A) INSURANCE TECHNICAL PROFIT (01+02+03-04-05-06-07-08-09-10)
7,543 7,553
DescriptionPrevious
year, totalCurrent year,
total
B) Life assurance business a b
01. Earned premiums, net of reinsurance 39,122 38,902
a) gross premiums written 39,526 39,129
b) outward reinsurance premiums (-) 412 233
c) change in the provision for unearned premiums (+/-) -8 10
d) change in the provision for unearned premiums, reinsurers’ share(+/-)
0 -16
02. Technical income from investments 3,367 2,927
a) income from participating interests 120 0
of which: derived from affiliated undertakings 0 0
b) income from other investments 3,107 2,958
of which: derived from affiliated undertakings 0 0
ba) income from tangible assets related to the insurance portfolio, 0 0
bb) interest received and interest type income 3,106 2,958
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c) gains on the realisation of investments, other investment income 140 -31
d) allocated investment return transferred from life assurance (sameas C/05.) (-)
0 0
03. Unrealised gains on investments 9,659 8,409
of which valuation difference 0 0
04. Other technical income 94 71
05. Claims incurred 35,131 34,004
a) claims paid and claim settlement expenses 35,229 33,652
aa) claims paid 35,014 33,409
1. gross amount 35,125 33,574
2. reinsurers’ share (-) 112 165
ab) claim settlement expenses 263 260
ac) income from claim recoveries and claim settlement expensereimbursement (-)
47 17
b) change in the provisions for claims outstanding (+/-) (case-by-case, IBNR)
-98 352
ba) case by case -340 386
1) gross amount -339 344
2) reinsurers’ share (-) 1 -42
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DescriptionPrevious
year, totalCurrent year,
total
Life assurance business a b
bb) IBNR 242 -34
1) gross amount 267 -48
2) reinsurers’ share (-) -25 14
06. Change in actuarial provisions (+/-) -2,288 1,222
a) change in the life assurance premium provision (+/-) -2,288 1,222
aa) gross amount -2,288 1,222
ab) reinsurers’ share (risk insurance) (-) 0 0
b) change in the health insurance premium provision (+/-) 0 0
ba) gross amount 0 0
bb) reinsurers’ share (-) 0 0
c) change in the accident insurance annuity provision (+/-) 0 0
ca) gross amount 0 0
cb) reinsurers’ share (-) 0 0
07. Change in the profit-dependent and profit-independent premiumreimbursement provision (+/-)
0 3
a) profit-dependent premium reimbursement provisions (+/-) 0 0
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aa) gross amount 0 0
ab) reinsurers’ share (-) 0 0
b) profit-independent premium reimbursement provisions (+/-) -3 0
ba) gross amount -3 0
bb) reinsurers’ share (-) 0 0
08. Change in the equalisation provision (+/-) 0 0
09. Change in other technical provisions (+/-) -8 75
a) large claim provisions (+/-) 0 0
b) change in cancellation technical provisions (+/-) 17 97
ba) gross amount 17 105
bb) reinsurers’ share (-) 0 8
c) changes in other technical provisions (-) -25 -22
ca) gross amount -25 -22
cb) reinsurers’ share (-) 0 0
10. Change in UL technical provisions (+/-) -4,186 -7,085
a) gross amount -4,186 -7,085
b) reinsurers’ share (-) 0 0
11. Net operating expenses 10,836 11,025
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a) acquisition costs incurred in the financial year 6,272 6,566
b) change in deferred acquisition costs (+/-) 1,126 883
c) administrative expenses (except investment costs) 3,438 3,581
d) reinsurance commissions and profit participation (-) 0 5
12. Technical expenditure arising from investments 347 189
a) operating and maintenance charges on investments, includinginterests paid and interest type expenditure
29 -137
b) value adjustment on investments, value re-adjustments oninvestments (+/-)
0 0
c) losses on the realisation of investments, other investmentexpenditure
318 326
13. Unrealised losses on investments 7,131 5,125
of witch: valuation difference
14. Other technical charges 1,110 1,063
B) INSURANCE TECHNICAL PROFIT (01+02+03+04-05-06-07-08-09-10-11-12-13-14)
4,169 4,688
DescriptionPrevious
year, totalCurrent year,
total
a b
C) Non-technical accounts 2,152 1,896
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01. Dividends and profit sharing received 4 12
of which: derived from affiliated undertakings 4 12
of which: revaluation difference 0 0
02. Interest received and interest type incomes 5,693 4,697
of which: derived from affiliated undertakings 0 0
03. Income from tangible assets related to the insurance portfolio 222 300
04. Gains on the realisation of investments, other investment income 7,040 14,476
05. Allocated investment return transferred from life assurance(same as B/02/d))
0 0
06. Profit from investment to be returned to policyholders (-) (sameas A/02.)
0 0
07. Operating and maintenance charges on investments, includinginterest paid and interest type expenditure
2,514 2,035
of which: revaluation difference 0 0
08. Value adjustments and re-adjustments on investments (+/-) 94 94
09. Losses on the realisation of investments, other investmentexpenditure
8,566 15,101
10. Other income 32,268 23,309
10/A Consolidation differential resulting from debt consolidation andincreasing the profit
0 0
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11. Other expenditure 31,901 23,668
11/A Consolidation differential resulting from debt consolidation anddecreasing the profit
0 0
D) ORDINARY PROFIT FROM OPERATIONS (+/-A+/-B+01+02+03+04+05-06-07-08-09+10-11)
13,864 14,137
12. Extraordinary income 0 0
13. Extraordinary expenditure 0 0
14. Extraordinary profit (12-13) 0 0
E) PROFIT BEFORE TAXATION (+/-D+/-14) 13,864 14,137
15. Tax liability 749 614
15/A Corporate income tax differential resulting from consolidation 0 0
F) NET PROFIT (+/-E-15) 13,115 13,523
Budapest, 10 April 2017 .............................................Péter Zatykó
Chief Executive Officer
.............................................Gábor ZsigriChief Actuary
.............................................Krisztián Varga
Chief Accounting Officer
Download the Annual report in PDF format.Contact: [email protected] | +36-1-477-4800
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