Key figures

Consolidated Income Statement

  2017  2016
Own premiums ISK 14,985 million ISK 14,060 million
Financial income and income from investment assets  ISK 3,750 million ISK 3,178 million
Other income  ISK 37 million ISK 41 million
Total income  ISK 18,771 ISK 17,279 million
     
Own loss or damage costs  ISK (11,873) million ISK (10,719) million
Other costs  ISK (3,692) million ISK (3,607) million
Total costs   ISK (15,565) million ISK (14,326) million
Operating profits before income tax  ISK 3,207 million ISK 2,953 million
     
Income tax  ISK (84) million ISK (356) million
Year's profits  ISK 3,123 million ISK 2,597 million
Base profits and diluted earnings per share  ISK 4.61 ISK 3.80

Consolidated Balance Sheet

Assets 31.12.2017  31.12.2016
Property, plant and equipment  ISK 343 million ISK 386 million
Investment assets  ISK 48 million ISK 120 million 
Loans  ISK 1,300 million ISK 1,561 million
Securities  ISK 26,290 million ISK 23,949 million
Accounts receivable  ISK 4,612 million ISK 4,036 million
Other assets  ISK 930 million ISK 1,394 million
Cash and cash equivalents and fixed deposits  ISK 1,137 million ISK 903 million
Total assets  ISK 34,659 million ISK 32,350 million
     
Total equity  ISK 14,102 million ISK 12,479 million
     
Technical provisions  ISK 17,191 million ISK 16,197 million
Other liabilities  ISK 3,365 million ISK 3,674 million
Total equity and liabilities  ISK 34,659 million ISK 32,350 million
     
Own loss or damages ratio  79.2% 76.2%
Cost ratio of insurance operations  20.1% 20.8%
Composite ratio (own loss or damages ratio + cost income ratio)  99.4% 97.0%
Equity ratio  40.7% 38.6%
Solvency ratio  1.46 1.50