Key figures

Consolidated Income Statement

  2016 2015
Own premiums ISK 14,060 million ISK 12,635 million
Financial income and income from investment assets ISK 3,178 million ISK 4,061 million
Other income ISK 41 million ISK 44 million
Total income ISK 17,279 million ISK 16,741 million
     
Own loss or damage costs ISK (10,719) million  ISK (10,318) million
Other costs ISK (3,607) million ISK (3,256) million
Total costs  ISK (14,326) million ISK (13,573) million
Operating profits before income tax ISK 2,953 million ISK 3,167 million
     
Income tax ISK (356) million ISK (340) million
Year’s profits ISK 2,597 million ISK 2,827 million
Base profits and diluted earnings per share ISK 3.80 ISK 3.84

Consolidated Balance Sheet

Assets 31.12.2016 31.12.2015
Property, plant and equipment ISK 386 million ISK 430 million
Investment assets ISK 120 million  ISK 719 million
Loans ISK 1,561 million ISK 1,313 million
Securities ISK 23,949 million ISK 22,000 million
Accounts receivable ISK 4,036 million ISK 4,172 million
Other assets ISK 1,394 million ISK 873 million
Cash and cash equivalents and fixed deposits ISK 903 million ISK 2,214 million
Total assets ISK 32,350 million ISK 31,720 million
     
Total equity ISK 12,479 million ISK 12,159 million
     
Technical provisions ISK 16,197 million ISK 15,630 million
Other liabilities ISK 3,674 million ISK 3,932 million
Total equity and liabilities ISK 32,350 million ISK 31,720 million
     
Own loss or damages ratio 76.2% 81.7%
Cost ratio of insurance operations 20.8% 21.6%
Composite ratio (own loss or damages ratio + cost income ratio) 97.0% 103.3%
Equity ratio 38.6% 38.3%
Solvency ratio 1.50 1.56