CONSOLIDATED UNAUDITED

QUARTERLY REPORT,

FOR THE PERIOD

1 January 2022 - 30 September 2022

Zagreb, October 2022

This document is a translation of the original Croatian version and is intended to be used for informational purposes only. While every effort has been made to ensure the accuracy and completeness of the translation, please note that the Croatian original is binding.

CONTENT

I. UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS ...............................................

3

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME...............................................

4

CONSOLIDATED STATEMENT OF FINANCIAL POSITION (BALANCE SHEET)............................

6

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY ..............................................................

8

CONSOLIDATED STATEMENT OF CASH FLOWS - indirect method............................................

9

II. QUARTERLY MANAGEMENT REPORT ..............................................................................

10

III. NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE

PERIOD I-IX 2022.......................................................................................................................

16

MANAGEMENT BOARD STATEMENT .....................................................................................

30

  1. UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

Annex 1

ISSUER'S GENERAL DATA

Reporting period:

1.1.2022

to

30.9.2022

Year:

2022

Quarter:

3

Quarterly financial statements

Registration number (MB):

03276147

Issuer's home

HR

Member State code:

Entity's registration number (MBS):

080051022

Personal identification number (OIB):

26187994862

LEI:

74780000M0GHQ1VXJU20

Institution code:

199

Name of the issuer:

CROATIA osiguranje d.d.

Postcode and town:

10 000

ZAGREB

Street and house number: Vatroslava Jagića 33

E-mail address: info@crosig.hr

Web address: www.crosig.hr

Number of employees

3733

(end of the reporting period):

Consolidated report:

KD

(KN-notconsolidated/KD-consolidated)

KN

KD

Audited:

RN

(RN-notaudited/RD-audited)

RN

RD

Names of subsidiaries (according to IFRS):

Registered office:

MB:

CROATIA PREMIUM d.o.o.

ZAGREB 01885880

CORE 1 d.o.o.

ZAGREB 04570243

AUTO MAKSIMIR VOZILA d.o.o.

ZAGREB 01804812

CROATIA OSIGURANJE DD

MOSTAR 20097647

MILENIJUM OSIGURANJE A.D.

BEOGRAD

7810318

CROATIA OSIGURANJE A.D. - ZA ŽIVOTNA OSIG.

SKOPJE 05920922

CROATIA OSIGURANJE A.D. - ZA NEŽIVOTNA OSIG.

SKOPJE 06479570

CROATIA OSIGURANJE MIROVINSKO DRUŠTVO D.O.O.

ZAGREB 01731742

RAZNE USLUGE D.O.O. - U LIKVIDACIJI

ZAGREB 01892037

CROATIA - TEHNIČKI PREGLEDI D.O.O.

ZAGREB 01450930

PBZ CROATIA OSIGURANJE DD

ZAGREB 01583999

CO ZDRAVLJE D.O.O.

ZAGREB 04837550

STRMEC PROJEKT d.o.o.

ZAGREB 02586649

AGROSERVIS STP d.o.o.

VIROVITICA 01233033

ASTORIA d.o.o.

ZAGREB 080339352

CO LOGISTIKA d.o.o.

ZAGREB 081353961

Bookkeeping firm:

No

(Yes/No)

(name of the bookkeeping firm)

Contact person: Jelena Matijević

(only name and surname of the contact person) Telephone: 072 00 1884

E-mailaddress: izdavatelji@crosig.hr

Audit firm:

(name of the audit firm)

Certified auditor:

(name and surname)

3

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

(STATEMENT OF PROFIT OR LOSS) For the period: 1.1.2022 - 30.9.2022

in HRK

ADP

Same period of the previous year

Current year

Item

code

Life

Non-life

Total

Life

Non-life

Total

1

2

3

4

5(3+4)

6

7

8(6+7)

I Earned premiums (ADP 119 to 123)

118

424.717.233

1.896.023.121

2.320.740.354

319.295.797

2.090.312.199

2.409.607.996

1 Gross w ritten premium

119

425.111.021

2.309.935.005

2.735.046.026

318.931.073

2.656.490.991

2.975.422.064

2 Value adjustment and charged premium value adjustment

120

0

10.842.198

10.842.198

0

-57.530

-57.530

  1. Outw ard reinsurance premiums (-)
  2. Change of gross provisions for unearned premiums (+/-)
  3. Change of provisions for unearned premiums, reinsurers' share (+/-)II Income from investments (ADP 125 to 131)
  1. Income from branches, associates and joint ventures.
  2. Income from investment in land and buildings
  3. Interest income
  4. Unrealised gains on investments
  5. Realised gains on investments
  6. Net positive exchange rate differences
  7. Other income from investments

III Income from commissions and fees

IV Other insurance-technical income, net amount from reinsurance

V Other income

VI Claims incurred, net (ADP 136 + 139)

1 Claims settled (ADP 137+138)

  1. Gross amount (-)
  2. Reinsurers' share (+)

2 Change in the provision for claims (+/-) (ADP 140+141)

  1. Gross amount
  1. Reinsurers' share

VII Change in mathematical provision and other technical provisions, net of reinsurance (ADP 143+146)

1 Change in mathematical provisions (+/-) (ADP 144+145)

  1. Gross amount (-)
  2. Reinsurers' share (+)

2 Change in other technical provisions, net of reinsurance (+/-) (ADP 147+148)

  1. Gross amount (-)
  2. Reinsurers' share (+)

VIII Change of special provision for life assurance w here policyholders bear the investment risk, net of reinsurance (+/-)(ADP 150+151)

1 Gross amount (-)

3 Reinsurers' share (+)

IX Cash payments for bonuses and rebates, net of reinsurance (ADP

153+154)

  1. Performance-dependent(bonuses)
  2. Performance-independent(rebates)

121

-343.619

-263.717.142

-264.060.761

-410.274

-323.894.272

-324.304.546

122

-166.263

-223.275.447

-223.441.710

646.956

-309.544.114

-308.897.158

123

116.094

62.238.507

62.354.601

128.042

67.317.124

67.445.166

124

90.815.305

262.977.513

353.792.818

93.209.844

292.374.691

385.584.535

125

2.783.512

34.668.383

37.451.895

4.717.849

49.475.523

54.193.372

126

124.590

76.464.889

76.589.479

60.638

89.311.081

89.371.719

127

77.320.213

63.665.704

140.985.917

76.483.634

69.138.784

145.622.418

128

4.266.109

17.855.129

22.121.238

1.795.288

8.764.070

10.559.358

129

5.953.365

47.643.839

53.597.204

7.123.976

42.447.633

49.571.609

130

0

0

0

3.015.419

21.530.574

24.545.993

131

367.516

22.679.569

23.047.085

13.040

11.707.026

11.720.066

132

1.427.808

24.199.683

25.627.491

1.243.817

40.655.186

41.899.003

133

118.313

33.580.598

33.698.911

86.618

32.772.297

32.858.915

134

243.891

124.433.901

124.677.792

279.054

132.120.178

132.399.232

  1. -332.088.988-985.717.263-1.317.806.251-369.747.751-1.104.747.624-1.474.495.375
  2. -343.794.455-983.040.770-1.326.835.225-360.777.405-1.010.803.659-1.371.581.064
  3. -343.794.455-1.131.776.178-1.475.570.633 -360.777.405-1.132.823.473-1.493.600.878

138

0

148.735.408

148.735.408

0

122.019.814

122.019.814

139

11.705.467

-2.676.493

9.028.974

-8.970.346

-93.943.965

-102.914.311

140

11.705.467

89.690.179

101.395.646

-8.970.346

-125.566.156

-134.536.502

141

0

-92.366.672

-92.366.672

0

31.622.191

31.622.191

142

-82.447.277

-14.022.169

-96.469.446

-56.990.511

-991.058

-57.981.569

143

-82.447.277

3.803.012

-78.644.265

-56.990.511

2.411.539

-54.578.972

144

-82.462.922

3.803.012

-78.659.910

-56.997.643

2.411.539

-54.586.104

145

15.645

0

15.645

7.132

0

7.132

146

0

-17.825.181

-17.825.181

0

-3.402.597

-3.402.597

147

0

-17.949.192

-17.949.192

0

-3.402.605

-3.402.605

148

0

124.011

124.011

0

8

8

149

4.836.946

0

4.836.946

121.965.659

0

121.965.659

150

4.836.946

0

4.836.946

121.965.659

0

121.965.659

151

0

0

0

0

0

0

152

0

-7.616.415

-7.616.415

0

-11.920.440

-11.920.440

153

0

-5.284.314

-5.284.314

0

-9.026.130

-9.026.130

154

0

-2.332.101

-2.332.101

0

-2.894.310

-2.894.310

4

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

(STATEMENT OF PROFIT OR LOSS) For the period: 1.1.2022 - 30.9.2022

Item

1

X Operating expenses (business expenditures), net (ADP 156+160)

1

Acquisition costs (ADP 157 to 159)

1.1

Commission

1.2

Other acquisition costs

1.3

Change in deferred acquisition costs

2

Administration expenses (administrative costs) (ADP 161 to 163)

  1. Depreciation
  2. Salaries, taxes and contributions from/on salaries
  3. Other administration expenses

XI Investment expenses (ADP 165 to 171) 1 Depreciation of land and buildings not occupied by an undertaking for its ow n activities

  1. Interest
  2. Impairment of investments
  3. Realised loss on investments
  4. Unrealised loss on investments
  5. Net negative exchange rate differences
  6. Other investment expenses

XII Other technical expenses, net of reinsurance (ADP 173+174)

1 Expenses of preventive activities

2 Other technical expenses of insurance

XIII Other activities, including value adjustments

XIV Profit or loss for the accounting period before tax (+/-)

(ADP

118+124+132 to 135+142+149+152+155+164+172+175)

XV Profit or loss tax (ADP 178+179)

1 Current tax expense

2 Deferred tax expense (income)

XVI Profit or loss for the accounting period after tax (+/-) (ADP 176+177)

1 Attributable to ow ners of the parent

2 Attributable to non-controlling interest

XVII TOTAL INCOME (ADP 118+124+132+133+134+179)

XVIII TOTAL EXPENSES (ADP 135+142+149+152+155+164+172+175+178)

IX Other comprehensive income (ADP 186 to 193)

1

Gains/losses arising from translation of financial statements relating to foreign

operations

2

Gains/losses arising from the revaluation of financial assets available for sale

3

Gains/losses arising from the revaluation of land and buildings occupied by an

undertaking for its ow n activities

4

Gains/losses arising from the revaluation of other tangible (other than land

and property) and intangible assets

5

Effects of cash flow hedging instruments

6

Actuarial gains/losses on pension plans w ith defined pensions

7

Share in other comprehensive income of associates

8

Income tax on other comprehensive income

  1. Total comprehensive income (ADP 180 +185)
    1 Attributable to ow ners of the parent

2 Attributable to non-controlling interests XXI Reclassification adjustments

in HRK

ADP

Same period of the previous year

Current year

code

Life

Non-life

Total

Life

Non-life

Total

2

3

4

5(3+4)

6

7

8(6+7)

155

-54.727.068

-875.200.984

-929.928.052

-41.181.496

-994.324.176

-1.035.505.672

156

-26.894.781

-460.181.052

-487.075.833

-19.193.553

-524.950.761

-544.144.314

157

-9.262.041

-237.632.113

-246.894.154

-9.268.483

-289.942.395

-299.210.878

158

-17.632.740

-230.514.727

-248.147.467

-9.925.070

-252.254.784

-262.179.854

159

0

7.965.788

7.965.788

0

17.246.418

17.246.418

160

-27.832.287

-415.019.932

-442.852.219

-21.987.943

-469.373.415

-491.361.358

161

-2.663.054

-57.477.980

-60.141.034

-1.943.683

-66.403.274

-68.346.957

162

-10.901.564

-147.469.837

-158.371.401

-9.385.666

-170.804.895

-180.190.561

163

-14.267.669

-210.072.115

-224.339.784

-10.658.594

-232.165.246

-242.823.840

164

-21.218.812

-58.702.739

-79.921.551

-7.803.568

-91.539.253

-99.342.821

165

0

0

0

0

0

0

166

-819.635

-7.642.106

-8.461.741

-459.183

-8.502.053

-8.961.236

167

0

-2.402.624

-2.402.624

-1.032.515

-2.209.408

-3.241.923

168

-3.018.634

-9.557.996

-12.576.630

-3.281.477

-19.379.217

-22.660.694

169

-278.147

-3.890.722

-4.168.869

-1.582.758

-29.363.169

-30.945.927

170

-15.685.922

-9.987.388

-25.673.310

0

0

0

171

-1.416.474

-25.221.903

-26.638.377

-1.447.635

-32.085.406

-33.533.041

172

-1.354.419

-45.768.042

-47.122.461

-1.066.614

-46.252.929

-47.319.543

173

0

-804.841

-804.841

0

-789.757

-789.757

174

-1.354.419

-44.963.201

-46.317.620

-1.066.614

-45.463.172

-46.529.786

175

-7.632

-973.377

-981.009

-6.471

-15.430.492

-15.436.963

176

30.315.300

353.213.827

383.529.127

59.284.378

323.028.579

382.312.957

177

-5.275.917

-58.716.654

-63.992.571

-10.274.102

-50.135.996

-60.410.098

178

-5.275.917

-58.843.690

-64.119.607

-10.274.102

-49.141.378

-59.415.480

179

0

127.036

127.036

0

-994.618

-994.618

180

25.039.383

294.497.173

319.536.556

49.010.276

272.892.583

321.902.859

181

25.074.271

294.093.506

319.167.777

48.941.217

272.643.322

321.584.539

182

-34.888

403.667

368.779

69.059

249.261

318.320

183

517.322.550

2.341.341.852

2.858.664.402

414.115.130

2.587.239.933

3.001.355.063

184 -492.283.167-2.046.844.679-2.539.127.846-365.104.854-2.314.347.350-2.679.452.204

185

-6.995.314

133.304.788

126.309.474

-259.684.847

-373.400.514

-633.085.361

186

-823.064

-995.743

-1.818.807

281.827

458.101

739.928

187

-8.706.404

164.136.590

155.430.186

-311.010.464

-451.880.928

-762.891.392

188

0

0

0

0

0

0

189

0

0

0

0

0

0

190

0

0

0

0

0

0

191

0

0

0

0

0

0

192

0

0

0

0

0

0

193

2.534.154

-29.836.059

-27.301.905

51.043.790

78.022.313

129.066.103

194

18.044.069

427.801.961

445.846.030

-210.674.571

-100.507.931

-311.182.502

195

18.080.951

427.408.250

445.489.201

-210.744.667

-100.738.529

-311.483.196

196

-36.882

393.711

356.829

70.096

230.598

300.694

197

0

0

0

0

0

0

5

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Croatia osiguranje dd published this content on 28 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 October 2022 12:49:03 UTC.