Croatia osiguranje d.d.

Quarterly Report • Oct 28, 2021

Vatroslava Jagica 33,10 000 Zagreb www.crosig.hr

CONSOLIDATED UNAUDITED QUARTERLY REPORT, FOR THE PERIOD 1 January 2021 - 30 September 2021

Zagreb, October 2021

CONTENT

I.	U N AU DITED CO N SO LID A TED FIN AN CIAL STA TEM EN TS3
	CO N SO LIDA TED STATEM ENT OF COM PREHENSIVE IN C O M E 4
	CO N SO LIDA TED STATEM ENT OF FINANCIAL POSITION (BALANCE SH E ET)6
	CO N SO LIDA TED STATEM ENT OF CHANGES IN E Q U IT Y 8
	CO N SO LIDA TED STATEM ENT OF CASH FLOWS - indirect method 9
II.	QUARTERLY M ANAGEM EN T R E P O R T 10
III.	NOTES TO THE UN AUDITED CO N SO LID A TED FIN AN CIAL STATEM ENTS FOR THE
	PERIOD I-IX 2 0 2 1 14
	M ANAGEM EN T BOARD S T A T E M E N T 25

I UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

Annex 1		ISSUER'S GENERAL DATA
R ep o rtin g perio d:		1.1.2021	to	30.9.2021
Y ear:		2021
Q uarter		3
	Quarterly financial statements
R egistration num ber (M B):	03 276147		Issuer's hom e M em ber I S ta te code:	HR
E n tity's registration num ber (M B S):	080051022
Personal identification num ber (OIB):	26187994862		LEI	747800 00 M 0G H Q 1 V X JU 20
Institution code:	199
N am e o f the issuer:	C R O A TIA o sigu ra n je d.d.
P ostcode and town:	10 000		ZA G R EB
S tre et and ho use num ber:	V a tro s la v a Jag ića 33
E-m ail address:	info@crosig.hr
W eb address	www.crosig.hr
N um ber of em ployees (end of the reporting period):	3550
C on solida te d report:	KD	(K N -n ot consolid ated/K D -con solidated)
Audited:	RN	(R N -no t audited/R D -audited)
	N am es of subsidiaries (according to IFRS):			R egistered office:	M B
	C R O A TIA PR E M IU M d.o.o.				ZA G R EB 01885880
	C O R E 1 d.o.o.				ZA G R EB 04570243
	A U TO M A K S IM IR V O Z IL A d .o.o.				ZA G R EB 01 804812
	C R O A TIA O S IG U R A N J E DD				M O STA R 20097647
	M IL E N IJU M O S IG U R A N J E A.D.			B EO G R A D	7810318
	C R O A TIA O S IG U R A N J E A .D . - ZA Ž IV O T N A OSIG.				SK O P JE 05920922
	C R O A TIA O S IG U R A N JE A .D . - ZA N E Ž IV O T N A O SIG .				SK O P JE 06479570
	C R O A TIA O S IG U R A N J E M IR O V IN S K O D R U Š T V O D.O.O .			ZA G R EB	01731742
	RA ZN E U S L U G E D .O .O . - U L IK VID A C IJI			ZA G R EB	01 892037
	C R O A TIA - T E H N IČ K I PR EG LED I D.O.O .				ZA G R EB 01450930
	PBZ C R O A TIA O S IG U R A N J E DD				ZA G R EB 01583999
	CO Z D R A V LJ E D.O.O .				ZA G R EB 04837550
	ST R M E C PR O JE K T d.o.o.				ZA G R EB 02586649
	A G R O S E R V IS S T P d.o.o.			V IR O V IT IC A 01233033
	A S T O R IA d .o.o.				ZA G R EB 08 03 39 35 2
	C O L O G IS T IK A d.o.o.				ZA G R EB 081353961
Bookkeeping firm:	No	(Yes/No)		(nam e of the bookkeeping firm)
C on tact person:	J e le n a M atije vic (only nam e and surnam e of the con ta ct p erson)
T elephone:	072 00 1884
E-mail address:	izdavatelji@crosig.hr
A u dit firm:
C ertified auditor:	(nam e of the a u dit firm)
	(nam e and surnam e)

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (STATEMENT OF PROFIT OR LOSS) For the period: 1.1.2021 - 30.9.2021

							in HRK
Item	A D P		S a m e p e rio d o f t h e p re v io u s y e a r		C u rre n t y e a r
		Life	N o n -life	T o ta l	L ife	N o n -life	T o ta l
1	2	3	4	5 (3 + 4 )	6	7	8 (6 + 7 )
I E a rn e d p re m iu m s (A D P 11 9 to 123)	1 1 8	4 2 2 .5 7 8 .2 9 2	1 .8 0 6 .9 0 1 .1 3 2	2 .2 2 9 .4 7 9 .4 2 4	4 2 4 .7 1 7 .2 3 3	1 .8 9 6 .0 2 3 .1 2 1	2 .3 2 0 .7 4 0 .3 5 4
1 G ro s s w ritte n p re m iu m	1 1 9	4 2 2 .5 3 9 .8 3 4	2 .1 7 2 .2 3 8 .5 7 9	2 .5 9 4 .7 7 8 .4 1 3	4 2 5 .1 1 1 .0 2 1	2 .3 0 9 .9 3 5 .0 0 5	2 .7 3 5 .0 4 6 .0 2 6
2 V a lu e a d ju s tm e n t a n d c h a rg e d p re m iu m v a lu e a d ju s tm e n t	1 2 0	0	-7 .5 8 3 .1 1 2	-7 .5 8 3 .1 1 2	0	1 0 .8 4 2 .1 9 8	1 0 .8 4 2 .1 9 8
3 O u tw a rd re in s u ra n c e p re m iu m s (-)	121	-3 1 8 .1 2 5	-2 1 7 .0 3 5 .4 4 3	-2 1 7 .3 5 3 .5 6 8	-3 4 3 .6 1 9	-2 6 3 .7 1 7 .1 4 2	-2 6 4 .0 6 0 .7 6 1
4 C h a n g e o f g ro s s p ro v is io n s fo r u n e a rn e d p re m iu m s (+/-)	1 2 2	2 3 3 .1 8 6	-1 7 1 .5 4 9 .7 7 4	-1 7 1 .3 1 6 .5 8 8	-1 6 6 .2 6 3	-2 2 3 .2 7 5 .4 4 7	-2 2 3 .4 4 1 .7 1 0
5 C h a n g e o f p ro v is io n s fo r u n e a rn e d p re m iu m s , re in su re rs' s h a re (+/-)	1 2 3	1 2 3 .3 9 7	3 0 .8 3 0 .8 8 2	3 0 .9 5 4 .2 7 9	1 1 6 .0 9 4	6 2 .2 3 8 .5 0 7	6 2 .3 5 4 .6 0 1
II In c o m e f ro m in v e s tm e n ts (A D P 1 2 5 to 13 1 )	1 2 4	1 3 6 .6 4 2 .6 4 9	2 4 6 .3 4 1 .6 4 5	3 8 2 .9 8 4 .2 9 4	9 0 .8 1 5 .3 0 5	2 6 2 .9 7 7 .5 1 3	3 5 3 .7 9 2 .8 1 8
1 In co m e fro m b ra n c h e s , a s s o c ia te s an d jo in t ven tu re s.	1 2 5	1 .9 3 9 .6 8 7	1 3 .9 9 9 .5 7 6	1 5 .9 3 9 .2 6 3	2 .7 8 3 .5 1 2	3 4 .6 6 8 .3 8 3	3 7 .4 5 1 .8 9 5
2 In co m e fro m in v e s tm e n t in lan d an d b u ild in g s	1 2 6	5 5 .4 0 8	6 8 .6 1 8 .5 2 6	6 8 .6 7 3 .9 3 4	1 2 4 .5 9 0	7 6 .4 6 4 .8 8 9	7 6 .5 8 9 .4 7 9
3 In te re st in c o m e	1 2 7	7 9 .8 8 2 .9 8 5	6 8 .4 7 2 .5 9 1	1 4 8 .3 5 5 .5 7 6	7 7 .3 2 0 .2 1 3	6 3 .6 6 5 .7 0 4	1 4 0 .9 8 5 .9 1 7
4 U n re a lis e d g a in s o n in ve stm e n ts	1 2 8	8 6 9 .4 2 3	3 5 3 .3 1 2	1 .2 2 2 .7 3 5	4 .2 6 6 .1 0 9	1 7 .8 5 5 .1 2 9	2 2 .1 2 1 .2 3 8
5 R e a lis e d g a in s on in ve stm e n ts	1 2 9	1 9 .2 2 5 .3 3 5	6 4 .6 6 6 .1 1 1	8 3 .8 9 1 .4 4 6	5 .9 5 3 .3 6 5	4 7 .6 4 3 .8 3 9	5 3 .5 9 7 .2 0 4
6 N e t p o s itiv e e x c h a n g e ra te d iffe re n c e s	1 3 0	3 4 .3 1 9 .1 6 6	1 2 .0 6 3 .9 5 3	4 6 .3 8 3 .1 1 9	0	0	0
7 O th e r in c o m e fro m in ve stm e n ts	131	3 5 0 .6 4 5	1 8 .1 6 7 .5 7 6	1 8 .5 1 8 .2 2 1	3 6 7 .5 1 6	2 2 .6 7 9 .5 6 9	2 3 .0 4 7 .0 8 5
III In c o m e f ro m c o m m is s io n s a n d fe e s	1 3 2	1 .5 7 3 .8 8 7	3 0 .5 9 0 .3 3 9	3 2 .1 6 4 .2 2 6	1 .4 2 7 .8 0 8	2 4 .1 9 9 .6 8 3	2 5 .6 2 7 .4 9 1
IV O th e r in s u r a n c e -te c h n ic a l in c o m e , n e t a m o u n t fro m re in s u ra n c e	1 3 3	3 8 4 .8 8 8	3 5 .8 6 2 .5 3 4	3 6 .2 4 7 .4 2 2	1 1 8 .3 1 3	3 3 .5 8 0 .5 9 8	3 3 .6 9 8 .9 1 1
V O th e r in c o m e	1 3 4	5 5 8 .1 8 0	8 6 .9 3 9 .4 1 1	8 7 .4 9 7 .5 9 1	24 3 .8 9 1	1 2 4 .4 3 3 .9 0 1	1 2 4 .6 7 7 .7 9 2
V I C la im s in c u r re d , n e t (A D P 13 6 + 139)	1 3 5	-4 0 8 .1 4 6 .0 5 6	-1 .0 2 9 .4 5 3 .1 6 0	-1 .4 3 7 .5 9 9 .2 1 6	-3 3 2 .0 8 8 .9 8 8	-9 8 5 .7 1 7 .2 6 3	-1 .3 1 7 .8 0 6 .2 5 1
1 C la im s s e ttle d (A D P 1 3 7 + 1 3 8 )	1 3 6	-4 0 0 .4 9 1 .7 5 7	-9 6 0 .4 9 2 .8 3 5	-1 .3 6 0 .9 8 4 .5 9 2	-3 4 3 .7 9 4 .4 5 5	-9 8 3 .0 4 0 .7 7 0	-1 .3 2 6 .8 3 5 .2 2 5
1.1 G ro s s a m o u n t (-)	1 3 7	-4 0 0 .4 9 1 .7 5 7	-1 .0 0 8 .5 3 9 .9 8 4	-1 .4 0 9 .0 3 1 .7 4 1	-3 4 3 .7 9 4 .4 5 5	-1 .1 3 1 .7 7 6 .1 7 8	-1 .4 7 5 .5 7 0 .6 3 3
1.2 R e in su re rs' s h a re (+)	1 3 8	0	4 8 .0 4 7 .1 4 9	4 8 .0 4 7 .1 4 9	0	1 4 8 .7 3 5 .4 0 8	1 4 8 .7 3 5 .4 0 8
2 C h a n g e in th e p ro v is io n fo r c la im s (+/-) (A D P 1 4 0 + 1 4 1 )	1 3 9	-7 .6 5 4 .2 9 9	-6 8 .9 6 0 .3 2 5	-7 6 .6 1 4 .6 2 4	1 1 .7 0 5 .4 6 7	-2 .6 7 6 .4 9 3	9 .0 2 8 .9 7 4
2.1 G ro s s a m o u n t	1 4 0	-7 .6 5 4 .2 9 9	-1 5 7 .0 8 8 .2 1 3	-1 6 4 .7 4 2 .5 1 2	1 1 .7 0 5 .4 6 7	8 9 .6 9 0 .1 7 9	1 0 1 .3 9 5 .6 4 6
2.3 R e in su re rs' sh a re	141	0	8 8 .1 2 7 .8 8 8	8 8 .1 2 7 .8 8 8	0	-9 2 .3 6 6 .6 7 2	-9 2 .3 6 6 .6 7 2
V II C h a n g e in m a th e m a tic a l p ro v is io n a n d o t h e r t e c h n ic a l p ro v is io n s , n e t o f re in s u ra n c e (A D P 1 4 3 + 1 4 6 )	1 4 2	-3 3 .2 0 0 .6 2 6	2 0 .6 0 2 .5 2 6	-1 2 .5 9 8 .1 0 0	-8 2 .4 4 7 .2 7 7	-1 4 .0 2 2 .1 6 9	-9 6 .4 6 9 .4 4 6
1 C h a n g e in m a th e m a tic a l p ro v is io n s (+/-) (A D P 1 4 4 + 1 4 5 )	1 4 3	-3 3 .2 0 0 .6 2 6	5 .2 0 6 .3 7 2	-2 7 .9 9 4 .2 5 4	-8 2 .4 4 7 .2 7 7	3 .8 0 3 .0 1 2	-7 8 .6 4 4 .2 6 5
1.1 G ro s s a m o u n t (-)	1 4 4	-3 3 .1 9 5 .2 0 8	5 .2 0 6 .3 7 2	-2 7 .9 8 8 .8 3 6	-8 2 .4 6 2 .9 2 2	3 .8 0 3 .0 1 2	-7 8 .6 5 9 .9 1 0
1.2 R e in su re rs' s h a re (+)	1 4 5	-5 .4 1 8	0	-5 .4 1 8	1 5 .6 4 5	0	1 5 .6 4 5
2 C h a n g e in o th e r te c h n ic a l p ro v is io n s , n e t of re in s u ra n c e (+/-) (A D P 1 4 7 + 1 4 8 )	1 4 6	0	1 5 .3 9 6 .1 5 4	1 5 .3 9 6 .1 5 4	0	-1 7 .8 2 5 .1 8 1	-1 7 .8 2 5 .1 8 1
2.1 G ro s s a m o u n t (-)	1 4 7	0	1 5 .3 9 6 .1 5 4	1 5 .3 9 6 .1 5 4	0	-1 7 .9 4 9 .1 9 2	-1 7 .9 4 9 .1 9 2
2 .2 R e in su re rs' s h a re (+)	1 4 8	0	0	0	0	12 4.01 1	12 4.01 1
V III C h a n g e o f s p e c ia l p ro v is io n f o r life a s s u r a n c e w h e r e p o lic y h o ld e r s b e a r th e in v e s tm e n t ris k , n e t o f re in s u ra n c e (+/-) (A D P 1 5 0 + 1 5 1 )	1 4 9	8 .9 3 1 .9 6 2	0	8 .9 3 1 .9 6 2	4 .8 3 6 .9 4 6	0	4 .8 3 6 .9 4 6
1 G ro s s a m o u n t (-)	1 5 0	8 .9 3 1 .9 6 2	0	8 .9 3 1 .9 6 2	4 .8 3 6 .9 4 6	0	4 .8 3 6 .9 4 6
3 R e in s u re rs ' s h a re (+)	151	0	0	0	0	0	0
IX C a s h p a y m e n ts f o r b o n u s e s a n d re b a te s , n e t o f re in s u ra n c e (A D P 1 5 3 + 1 5 4 )	1 5 2	0	-7 .8 8 7 .3 8 8	-7 .8 8 7 .3 8 8	0	-7 .6 1 6 .4 1 5	-7 .6 1 6 .4 1 5
1 P e rfo rm a n c e -d e p e n d e n t (b o n u se s)	1 5 3	0	-5 .2 0 0 .4 1 6	-5 .2 0 0 .4 1 6	0	-5 .2 8 4 .3 1 4	-5 .2 8 4 .3 1 4
2 P e rfo rm a n c e -in d e p e n d e n t (re b a te s )	1 5 4	0	-2 .6 8 6 .9 7 2	-2 .6 8 6 .9 7 2	0	-2 .3 3 2 .1 0 1	-2 .3 3 2 .1 0 1

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (STATEMENT OF PROFIT OR LOSS)

For the period: 1.1.2021 - 30.9.2021

					in HRK
Ite m	A D P	S a m e p e rio d o f t h e p re v io u s y e a r			C u rre n t y e a r
	c o d e	Life	N o n -life	T o ta l	L ife	N o n -life	T o ta l
1	2	3	4	5 (3 + 4 )	6	7	8 (6 + 7 )
X O p e ra tin g e x p e n s e s (b u s in e s s e x p e n d itu re s ), n e t (A D P 1 5 6 + 1 6 0 )	1 5 5	-6 2 .9 5 6 .9 2 7	-7 6 5 .0 8 2 .7 4 9	-8 2 8 .0 3 9 .6 7 6	-5 4 .7 2 7 .0 6 8	-8 7 5 .2 0 0 .9 8 4	-9 2 9 .9 2 8 .0 5 2
1 A c q u is itio n c o s ts (A D P 1 5 7 to 15 9)	1 5 6	-3 0 .5 4 0 .6 7 8	-3 9 9 .6 1 8 .1 1 5	-4 3 0 .1 5 8 .7 9 3	-2 6 .8 9 4 .7 8 1	-4 6 0 .1 8 1 .0 5 2	-4 8 7 .0 7 5 .8 3 3
1.1 C o m m is s io n	1 5 7	-1 1 .5 7 0 .8 3 4	-2 0 9 .3 7 0 .0 3 2	-2 2 0 .9 4 0 .8 6 6	-9 .2 6 2 .0 4 1	-2 3 7 .6 3 2 .1 1 3	-2 4 6 .8 9 4 .1 5 4
1.2 O th e r a c q u is itio n c o sts	1 5 8	-1 8 .9 6 9 .8 4 4	-1 8 9 .6 8 0 .9 6 6	-2 0 8 .6 5 0 .8 1 0	-1 7 .6 3 2 .7 4 0	-2 3 0 .5 1 4 .7 2 7	-2 4 8 .1 4 7 .4 6 7
1.3 C h a n g e in d e fe rre d a c q u is itio n c o sts	1 5 9	0	-5 6 7 .1 1 7	-5 6 7 .1 1 7	0	7 .9 6 5 .7 8 8	7 .9 6 5 .7 8 8
2 A d m in is tra tio n e x p e n s e s (a d m in is tra tiv e c o s ts ) (A D P 161 to 1 6 3 )	1 6 0	-3 2 .4 1 6 .2 4 9	-3 6 5 .4 6 4 .6 3 4	-3 9 7 .8 8 0 .8 8 3	-2 7 .8 3 2 .2 8 7	-4 1 5 .0 1 9 .9 3 2	-4 4 2 .8 5 2 .2 1 9
2.1 D e p re c ia tio n	161	-3 .3 9 8 .3 3 2	-5 7 .5 0 6 .2 9 9	-6 0 .9 0 4 .6 3 1	-2 .6 6 3 .0 5 4	-5 7 .4 7 7 .9 8 0	-6 0 .1 4 1 .0 3 4
2 .2 S a la rie s , ta xe s an d c o n trib u tio n s fro m /o n s a la rie s	1 6 2	-1 3 .3 2 5 .8 2 8	-1 1 8 .9 6 3 .7 7 8	-1 3 2 .2 8 9 .6 0 6	-1 0 .9 0 1 .5 6 4	-1 4 7 .4 6 9 .8 3 7	-1 5 8 .3 7 1 .4 0 1
2.3 O th e r a d m in is tra tio n e x p e n s e s	1 6 3	-1 5 .6 9 2 .0 8 9	-1 8 8 .9 9 4 .5 5 7	-2 0 4 .6 8 6 .6 4 6	-1 4 .2 6 7 .6 6 9	-2 1 0 .0 7 2 .1 1 5	-2 2 4 .3 3 9 .7 8 4
X I In v e s tm e n t e x p e n s e s (A D P 1 6 5 to 17 1 )	1 6 4	-1 7 .7 5 4 .5 0 5	-7 1 .6 9 0 .4 1 5	-8 9 .4 4 4 .9 2 0	-2 1 .2 1 8 .8 1 2	-5 8 .7 0 2 .7 3 9	-7 9 .9 2 1 .5 5 1
1 D e p re c ia tio n o f land an d b u ild in g s n o t o c c u p ie d b y a n u n d e rta k in g fo r its ow n a c tiv itie s	1 6 5	0	0	0	0	0	0
2 In tere st	1 6 6	-1 .0 9 8 .7 2 5	-6 .9 7 7 .9 7 8	-8 .0 7 6 .7 0 3	-8 1 9 .6 3 5	-7 .6 4 2 .1 0 6	-8 .4 6 1 .7 4 1
3 Im p a irm e n t o f in v e s tm e n ts	1 6 7	-1 .1 5 9 .4 1 2	-4 .7 0 5 .8 2 1	-5 .8 6 5 .2 3 3	0	-2 .4 0 2 .6 2 4	-2 .4 0 2 .6 2 4
4 R e a lis e d loss o n in v e s tm e n ts	1 6 8	-9 .1 3 9 .6 0 8	-1 8 .7 1 9 .7 8 5	-2 7 .8 5 9 .3 9 3	-3 .0 1 8 .6 3 4	-9 .5 5 7 .9 9 6	-1 2 .5 7 6 .6 3 0
5 U n re a lis e d lo ss o n in ve stm e n ts	1 6 9	-3 .8 0 5 .2 0 9	-1 3 .8 3 7 .8 0 5	-1 7 .6 4 3 .0 1 4	-2 7 8 .1 4 7	-3 .8 9 0 .7 2 2	-4 .1 6 8 .8 6 9
6 N e t n e g a tiv e e x c h a n g e ra te d iffe re n c e s	1 7 0	0	0	0	-1 5 .6 8 5 .9 2 2	-9 .9 8 7 .3 8 8	-2 5 .6 7 3 .3 1 0
7 O th e r in v e s tm e n t e x p e n s e s	171	-2 .5 5 1 .5 5 1	-2 7 .4 4 9 .0 2 6	-3 0 .0 0 0 .5 7 7	-1 .4 1 6 .4 7 4	-2 5 .2 2 1 .9 0 3	-2 6 .6 3 8 .3 7 7
X II O th e r t e c h n ic a l e x p e n s e s , n e t o f re in s u ra n c e (A D P 1 7 3 + 1 7 4 )	1 7 2	-1 .3 9 8 .5 7 6	-4 4 .0 7 2 .3 3 2	-4 5 .4 7 0 .9 0 8	-1 .3 5 4 .4 1 9	-4 5 .7 6 8 .0 4 2	-4 7 .1 2 2 .4 6 1
1 E x p e n s e s o f p re v e n tiv e a c tiv itie s	1 7 3	0	-1 .1 4 0 .5 8 6	-1 .1 4 0 .5 8 6	0	-8 0 4 .8 4 1	-8 0 4 .8 4 1
2 O th e r te c h n ic a l e x p e n s e s o f in s u ra n c e	1 7 4	-1 .3 9 8 .5 7 6	-4 2 .9 3 1 .7 4 6	-4 4 .3 3 0 .3 2 2	-1 .3 5 4 .4 1 9	-4 4 .9 6 3 .2 0 1	-4 6 .3 1 7 .6 2 0
X III O th e r a c tiv itie s , in c lu d in g v a lu e a d ju s tm e n ts	1 7 5	-1 7 .2 1 2	-2 .1 7 0 .7 4 7	-2 .1 8 7 .9 5 9	-7 .6 3 2	-9 7 3 .3 7 7	-9 8 1 .0 0 9
X IV P ro fit o r lo s s f o r t h e a c c o u n tin g p e rio d b e fo re ta x (+ /-) (A D P
118 + 1 2 4 + 1 3 2 to 1 3 5 + 1 4 2 + 1 4 9 + 1 5 2 + 1 5 5 + 1 6 4 + 1 7 2 + 1 7 5 )	1 7 6	4 7 .1 9 5 .9 5 6	3 0 6 .8 8 0 .7 9 6	3 5 4 .0 7 6 .7 5 2	3 0 .3 1 5 .3 0 0	3 5 3 .2 1 3 .8 2 7	3 8 3 .5 2 9 .1 2 7
X V P ro fit o r lo s s ta x (A D P 1 7 8 + 1 7 9 )	1 7 7	-7 .8 6 1 .1 0 8	-5 4 .1 2 1 .7 7 4	-6 1 .9 8 2 .8 8 2	-5 .2 7 5 .9 1 7	-5 8 .7 1 6 .6 5 4	-6 3 .9 9 2 .5 7 1
1 C u rre n t ta x e x p e n s e	1 7 8	-7 .8 6 1 .1 0 8	-5 4 .1 8 6 .2 8 3	-6 2 .0 4 7 .3 9 1	-5 .2 7 5 .9 1 7	-5 8 .8 4 3 .6 9 0	-6 4 .1 1 9 .6 0 7
2 D e fe rre d ta x e x p e n s e (in c o m e )	1 7 9	0	6 4 .5 0 9	6 4 .5 0 9	0	1 2 7 .0 3 6	1 2 7 .0 3 6
X V I P ro fit o r lo s s f o r th e a c c o u n tin g p e rio d a fte r t a x (+ /-) (A D P 1 7 6 + 1 7 7 )	1 8 0	3 9 .3 3 4 .8 4 8	2 5 2 .7 5 9 .0 2 2	2 9 2 .0 9 3 .8 7 0	2 5 .0 3 9 .3 8 3	2 9 4 .4 9 7 .1 7 3	3 1 9 .5 3 6 .5 5 6
1 A ttrib u ta b le t o o w n e r s o f t h e p a re n t	181	3 9 .2 0 0 .7 3 8	2 5 2 .4 6 1 .2 6 7	2 9 1 .6 6 2 .0 0 5	2 5 .0 7 4 .2 7 1	2 9 4 .0 9 3 .5 0 6	3 1 9 .1 6 7 .7 7 7
2 A ttrib u ta b le t o n o n -c o n tro llin g in te re s t	1 8 2	1 3 4 .1 1 0	2 9 7 .7 5 5	4 3 1 .8 6 5	-3 4 .8 8 8	4 0 3 .6 6 7	3 6 8 .7 7 9
X V II T O T A L IN C O M E (A D P 1 1 8 + 1 2 4 + 1 3 2 + 1 3 3 + 1 3 4 + 1 7 9 )	1 8 3	5 6 1 .7 3 7 .8 9 6	2 .2 0 6 .6 9 9 .5 7 0	2 .7 6 8 .4 3 7 .4 6 6	5 1 7 .3 2 2 .5 5 0	2 .3 4 1 .3 4 1 .8 5 2	2 .8 5 8 .6 6 4 .4 0 2
X V III T O T A L E X P E N S E S (A D P 1 3 5 + 1 4 2 + 1 4 9 + 1 5 2 + 1 5 5 + 1 6 4 + 1 7 2 + 1 7 5 + 1 7 8 )	1 8 4	-5 2 2 .4 0 3 .0 4 8	-1 .9 5 3 .9 4 0 .5 4 8	-2 .4 7 6 .3 4 3 .5 9 6	-4 9 2 .2 8 3 .1 6 7	-2 .0 4 6 .8 4 4 .6 7 9	-2 .5 3 9 .1 2 7 .8 4 6
IX O th e r c o m p re h e n s iv e in c o m e (A D P 1 8 6 to 19 3 )	1 8 5	-2 0 .9 1 8 .2 8 6	-9 1 .4 5 6 .2 1 3	-1 1 2 .3 7 4 .4 9 9	-6 .9 9 5 .3 1 4	1 3 3 .3 0 4 .7 8 8	1 2 6 .3 0 9 .4 7 4
1 G a in s /lo s s e s a ris in g fro m tra n s la tio n o f fin a n c ia l s ta te m e n ts re la tin g to fo re ig n o p e ra tio n s	1 8 6	1 .1 0 9 .2 0 1	2 .1 7 2 .3 5 6	3 .2 8 1 .5 5 7	-8 2 3 .0 6 4	-9 9 5 .7 4 3	-1 .8 1 8 .8 0 7
2 G a in s /lo s s e s a ris in g fro m th e re v a lu a tio n o f fin a n c ia l a s s e ts a v a ila b le fo r s a le	1 8 7	-2 7 .0 7 2 .4 8 0	-1 1 1 .6 2 0 .3 0 6	-1 3 8 .6 9 2 .7 8 6	-8 .7 0 6 .4 0 4	1 6 4 .1 3 6 .5 9 0	1 5 5 .4 3 0 .1 8 6
3 G a in s /lo s s e s a ris in g fro m th e re v a lu a tio n o f lan d a n d b u ild in g s o c c u p ie d b y a n u n d e rta k in g fo r its o w n a c tiv itie s	1 8 8	0	-1 .8 9 2 .1 0 5	-1 .8 9 2 .1 0 5	0	0	0
4 G a in s /lo s s e s a ris in g fro m th e re v a lu a tio n o f o th e r ta n g ib le (o th e r th a n lan d and p ro p e rty ) a n d in ta n g ib le a s s e ts	1 8 9	0	0	0	0	0	0
5 E ffe c ts o f c a s h flo w h e d g in g in stru m e n ts	1 9 0	0	0	0	0	0	0
6 A c tu a ria l g a in s /lo s s e s o n p e n s io n p la n s w ith d e fin e d p e n s io n s	191	0	0	0	0	0	0
7 S h a re in o th e r c o m p re h e n s iv e in c o m e o f a s s o c ia te s	1 9 2	0	0	0	0	0	0
8 In co m e ta x on o th e r c o m p re h e n s iv e in c o m e	1 9 3	5 .0 4 4 .9 9 3	1 9 .8 8 3 .8 4 2	2 4 .9 2 8 .8 3 5	2 .5 3 4 .1 5 4	-2 9 .8 3 6 .0 5 9	-2 7 .3 0 1 .9 0 5
X X T o ta l c o m p re h e n s iv e in c o m e (A D P 1 8 0 + 1 8 5 )	1 9 4	1 8 .4 1 6 .5 6 2	1 6 1 .3 0 2 .8 0 9	1 7 9 .7 1 9 .3 7 1	1 8 .0 4 4 .0 6 9	4 2 7 .8 0 1 .9 6 1	4 4 5 .8 4 6 .0 3 0
1 A ttrib u ta b le to o w n e r s o f th e p a re n t	1 9 5	1 8 .2 7 3 .8 5 7	1 6 1 .0 5 1 .5 4 7	1 7 9 .3 2 5 .4 0 4	1 8 .0 8 0 .9 5 1	4 2 7 .4 0 8 .2 5 0	4 4 5 .4 8 9 .2 0 1
2 A ttrib u ta b le to n o n -c o n tro llin g in te re s ts	1 9 6	1 4 2 .7 0 5	2 5 1 .2 6 2	3 9 3 .9 6 7	-3 6 .8 8 2	3 9 3 .7 1 1	3 5 6 .8 2 9
X X I R e c la s s ific a tio n a d ju s tm e n ts	1 9 7	0	0	0	0	0	0

CONSOLIDATED STATEMENT OF FINANCIAL POSITION (BALANCE SHEET)

As at: 30.9.2021

							in HRK
Item	A D P co d e		L as t d a y o f th e p rec ed in g b u s in e s s y ear			A t th e rep o rtin g d ate o f th e c u rre n t p erio d
1	2	Life 3	N on-life 4	T o tal 5(3+4)	Life 6	N on-life 7	T o tal 8(6+7)
A S S E T S
A ) IN T A N G IB L E A S S E T S (A D P 00 2 + 003)	001	40 0.57 5	10 7 .4 7 2 .3 6 4	107.87 2.9 39	403.201	1 3 3.70 3.7 75	134.10 6.9 76
1 G oodw ill	002	0	0	0	0	0	0
2 O ther intangible assets	003	40 0.57 5	1 0 7.47 2.3 64	107.87 2.9 39	403.201	1 3 3.70 3.7 75	1 3 4.10 6.9 76
B) T A N G IB L E A S S E T S (A D P 005 to 007)	00 4	19 .9 88 .40 8	85 6 .9 7 7 .2 4 5	876.96 5.6 53	1 9 .1 75 .72 2	7 8 9.68 4.4 28	8 0 8.86 0.1 50
1 Land and b u ilding s occu pie d b y an undertaking for its ow n activitie s	005	15 .9 50 .76 8	48 0 .7 1 2 .5 5 5	4 9 6.66 3.3 23	1 5 .6 92 .58 7	4 0 8.38 3.5 60	42 4.0 7 6 .1 4 7
2 E q uipm ent	006	337.421	77.673.901	7 8 .0 11 .32 2	266.883	7 7 .9 65 .49 6	78 .2 32 .37 9
3 O ther tangible asse ts and inventories	007	3.70 0.2 19	2 9 8.59 0.7 89	3 0 2.29 1.0 08	3.21 6.2 52	30 3.3 3 5 .3 7 2	30 6.5 5 1 .6 2 4
C ) IN V E S T M E N T S (A D P 0 0 9+ 0 10 + 0 14 + 03 3)	008	3 .68 1.0 60 .1 07	5 .93 6.1 44 .7 75	9.61 7.2 04 .8 82	3.72 5.9 90 .2 68		6 .34 8.5 91 .6 87 1 0 .0 74 .58 1.95 5
I In v es tm e n ts in lan d a n d b u ild in g s n o t o c c u p ie d b y an u n d ertak in g fo r its o w n activities	009	1.85 6.3 38	1.01 1.3 90 .3 53	1.013.246.691	1.23 9.0 82	1.087.642.681	1 .08 8.8 81 .7 63
II In v es tm e n ts in b ran c h es , a s so c ia te s a n d jo in t v e n tu re s (A D P 011 to 013)	010	0	7 6 .5 92 .89 5	7 6 .5 92 .89 5	0	6 8 .9 78 .30 7	6 8 .9 78 .30 7
1 S h ares and holdings in branches	011	0	0	0	0	0	0
2 S h ares and holdings in asso ciate s	012	0	1 0 .0 91 .23 2	10 .0 91 .23 2	0	4.78 2.5 90	4.78 2.5 90
3 S h ares and holdings in jo in t ventures	013	0	66 .5 01 .66 3	6 6 .5 01 .66 3	0	6 4 .1 95 .71 7	64 .1 95 .71 7
III Fin an cial a s se ts (A D P 0 1 5 + 0 18 + 0 23 + 02 9)	01 4	3.67 9.2 03 .7 69	4 .84 8.1 61 .5 27	8.52 7.3 65 .2 96	3.72 4.7 51 .1 86	5.19 1.9 70 .6 99	8.91 6.7 21 .8 85
1 F inancial asse ts held to m aturity (A D P 01 6+ 0 17 )	015	1.13 1.8 58 .9 40	1.03 7.9 23 .9 09	2.16 9.7 82 .8 49	1 .16 6.8 30 .6 64	1 .01 0.2 65 .0 52	2.17 7.0 95 .7 16
1.1 D e b t financial instrum ents	016	1.13 1.8 58 .9 40	1.03 7.9 23 .9 09	2.16 9.7 82 .8 49	1 .16 6.8 30 .6 64	1 .01 0.2 65 .0 52	2.17 7.0 95 .7 16
1.2 Other	017	0	0	0	0	0	0
2 F inancial a sse ts a va ilab le for sale (A D P 0 1 9 to 022)	018	2.12 8.9 51 .8 96	2 .99 4.6 96 .5 76	5.12 3.6 48 .4 72	2 .26 7.0 15 .5 92	3 .49 5.8 76 .8 83	5.76 2.8 92 .4 75
2.1 E q uity financial instrum ents	019	29 .2 89 .28 4	50 7 .4 0 9 .8 9 5	5 3 6.69 9.1 79	7 4 .5 74 .48 7	7 4 8.17 2.6 57	82 2.7 4 7 .1 4 4
2.2 D e b t financial instrum ents	020	2.04 2.8 02 .2 69	2.35 2.0 73 .1 39	4.39 4.8 75 .4 08	2 .10 7.9 52 .9 52	2 .49 4.6 63 .8 25	4.60 2.6 16 .7 77
2.3 U nits in investm ent funds	021	56 .8 60 .34 3	13 5 .2 1 3 .5 4 2	192.07 3.8 85	84 .4 88 .15 3	253.040.401	33 7.5 2 8 .5 5 4
2 .4 O ther	022	0	0	0	0	0	0
3 F inancial a sse ts a t fair value through sta tem e nt o f p ro fit or loss (A D P 02 4 to 028) 3.1 E q uity financial instrum ents	023 02 4	7.62 2.1 44 0	39 .7 28 .66 9 17.187.511	47 .3 50 .81 3 17.187.511	1 0 .6 35 .57 4 0	49 .9 10 .44 3 2 3 .9 85 .33 6	6 0 .5 46 .01 7 23 .9 85 .33 6
3 .2 D eb t financial instrum ents	025	0	0	0	0	0	0
3 .3 D erivative financial instrum ents	026	31 8 .1 0 8	3.79 7.1 09	4.11 5.2 17	1.25 8.4 18	6.54 0.2 76	7.79 8.6 94
3 .4 Units in investm ent funds	027	7.30 4.0 36	1 8 .7 44 .04 9	2 6 .0 48 .08 5	9.37 7.1 56	19.384.831	28 .7 61 .98 7
3.5 Other	028	0	0	0	0	0	0
4 Loans a n d rece iva ble s (A D P 03 0 to 032)	029	410.77 0.7 89	7 7 5.81 2.3 73	1.18 6.5 83 .1 62	2 8 0.26 9.3 56	635.918.321	91 6.1 8 7 .6 7 7
4.1 D e p o sits w ith cre d it institutions	030	350.460.991	5 5 7.97 1.9 29	9 0 8.43 2.9 20	2 3 1.34 5.9 14	451.08 3.3 29	68 2.4 2 9 .2 4 3
4.2 Loans	031	56 .8 43 .90 3	4 4 .0 81 .41 9	100.92 5.3 22	48.866.081	37 .0 31 .75 5	85 .8 97 .83 6
4 .3 Other	032	3 .46 5.8 95	17 3 .7 5 9 .0 2 5	177.22 4.9 20	57.361	1 4 7.80 3.2 37	1 4 7.86 0.5 98
IV D e p o s its w ith c e d an ts	033	0	0	0	0	0	0
D) IN V E S T M E N T S FO R T H E A C C O U N T O F LIF E A S S U R A N C E P O L IC Y H O L D E R S W H O
B E A R T H E IN V E S T M E N T R IS K	03 4	412.084.501	0	412.084.501	4 0 5.63 2.8 96	0	40 5.6 3 2 .8 9 6
E) R E IN S U R A N C E A M O U N T IN T E C H N IC A L P R O V IS IO N S (A D P 036 to 042)	035	12 4.07 4	48 8 .1 4 0 .6 7 7	488.264.751	254.629	4 5 8.00 8.5 07	458.26 3.1 36
1 P rovisio ns for unearned prem ium s, reinsurance am ount	036	111.811	6 4 .5 88 .46 2	6 4 .7 00 .27 3	226.721	1 2 6.77 6.2 37	1 2 7.00 2.9 58
2 M athem atical provision, reinsurance am ount	037	12.263	0	12.263	27 .9 08	0	27 .9 08
3 C laim s outstanding, reinsurance am ount	038	0	4 2 3.55 2.2 15	4 2 3.55 2.2 15	0	33 1.1 0 8 .6 7 6	33 1.1 0 8 .6 7 6
4 P rovisio ns for bonuses a nd rebates, reinsurance a m o un t	039	0	0	0	0	12 3.59 4	123.594
5 E qualization provision, reinsurance am ount	040	0	0	0	0	0	0
6 O ther technical provisions, reinsurance a m o un t / s p e c ia l p io visio n s ioi me assui an ce w iie ie p o lic y lo ld e is b e ai uie investm ent lis k , lein sui ance	041	0	0	0	0	0	0
am ount	042	0	0	0	0	0	0
F) D E F E R R E D A N D C U R R E N T T A X A S S E T S (A D P 04 4 + 045)	043	1.77 7.3 35	74.974.491	7 6 .7 51 .82 6	1.77 7.3 35	1 1 0.74 8.2 82	112.52 5.6 17
1 D efe rre d tax a ssets	04 4	1.77 7.3 35	67 .5 40 .41 6	69.317.751	1.77 7.3 35	67.669.571	69 .4 46 .90 6
2 C urren t tax a ssets	045	0	7.43 4.0 75	7.43 4.0 75	0	43.078.711	43.078.711
G ) R E C E IV A B L E S (A D P 0 4 7+ 0 50 + 0 51 )	046	17 .1 89 .75 0	85 9 .9 4 8 .8 4 8	8 7 7.13 8.5 98	3 4 .5 44 .18 3	1 .09 4.8 60 .3 20	1 .12 9.4 04 .5 03
1 R e c e iv a b le s arising fro m in s u ra n c e b u s in e s s (A D P 04 8+ 0 49 )	047	234.219	52 6 .1 2 4 .2 5 5	5 2 6.35 8.4 74	23 3.89 6	7 3 3.46 4.0 82	733.69 7.9 78
1.1 From policyholders	048	0	5 2 5.67 4.0 54	5 2 5.67 4.0 54	0	7 3 2.89 5.1 05	73 2.8 9 5 .1 0 5
1.2 From insurance a g e n ts or insurance bro kers	049	234.219	450.201	68 4.42 0	23 3.89 6	56 8.97 7	80 2.87 3
2 R e c e iv a b le s arising fro m re in s u ra n c e b u s in e s s	050	12 8.91 7	5 9 .9 48 .34 7	6 0 .0 77 .26 4	12 8.91 8	116.52 9.9 53	116.658.871
3 O th er re c e iv a b le s (A D P 05 2 to 054)	051	16 .8 26 .61 4	27 3 .8 7 6 .2 4 6	2 9 0.70 2.8 60	3 4 .1 81 .36 9	2 4 4.86 6.2 85	2 7 9.04 7.6 54
3.1 R ece ivab le s arising from other insu ra nce op erations	052	0	166.27 2.6 33	166.27 2.6 33	0	1 3 6.67 6.7 90	1 3 6.67 6.7 90
3.2 R ece ivab le s for investm ent inco m e	053	28 1.51 2	234.653	51 6.16 5	33 8 .8 3 7	10 4.35 0	44 3.18 7
3.3 O ther rece iva ble s	05 4	16 .5 45 .10 2	10 7 .3 6 8 .9 6 0	123.91 4.0 62	33 .8 42 .53 2	1 0 8.08 5.1 45	1 4 1.92 7.6 77
H ) O T H E R A S S E T S (A D P 056+ 060+061 ) 1 C as h a t b a n k an d in h an d (A D P 057 to 059)	055	73 .8 23 .21 3	588.625.771	6 6 2.44 8.9 84	118.34 4.8 83	6 9 2.51 5.5 82	8 1 0.86 0.4 65
	056	73 .8 23 .21 3	58 0 .5 4 0 .2 4 8	654.363.461	118.34 4.8 83	6 8 3.49 2.7 65	8 0 1.83 7.6 48
1.1 Funds in the bu sine ss a cco un t 1.2 Funds in the a cco un t o f a sse ts covering m athem atical pro visio ns	057 058	10 .8 77 .39 0 62 .9 44 .47 4	58 0 .1 0 4 .6 1 0 0	5 9 0.98 2.0 00 6 2 .9 44 .47 4	6.339.159 1 1 2.00 5.4 18	6 8 2.59 6.9 12 0	688.936.071 1 1 2.00 5.4 18
1.3 C ash in hand	059	1.349	43 5.63 8	43 6.98 7	30 6	895.853	89 6.15 9
2 F ix ed a s s e ts held fo r sa le a n d term in a tio n of b u s in e s s o p era tio n s	060	0	1.93 8.7 05	1.93 8.7 05	0	1.883.393	1.88 3.3 93
3 O th er	061	0	6.14 6.8 18	6.14 6.8 18	0	7.13 9.4 24	7.13 9.4 24
I) P R E P A Y M E N T S A N D A C C R U E D IN C O M E (A D P 06 3 to 065)	062	1.24 7.5 94	309.981.881	31 1 .2 2 9 .4 7 5	1.63 5.0 82	30 3.3 4 6 .6 5 5	30 4.9 8 1 .7 3 7
1 D efe rre d inte rest and rent	063	0	1.10 3.8 55	1.10 3.8 55	0	56 9.30 0	56 9.30 0
2 D efe rre d a cq u isitio n costs	06 4	0	247.35 4.1 73	2 4 7.35 4.1 73	0	255.08 2.7 99	25 5.0 8 2 .7 9 9
3 O ther pre pa ym e nts a nd a ccru ed incom e	065	1.24 7.5 94	6 1 .5 23 .85 3	6 2 .7 71 .44 7	1.63 5.0 82	4 7 .6 94 .55 6	49 .3 29 .63 8
J) T O T A L A S S E T S (A D P 001 + 00 4 + 0 0 8 + 0 3 4 + 0 3 5 + 0 4 3 + 0 4 6 + 0 5 5 + 0 6 2 )	066	4.20 7.6 95 .5 57		9.2 2 2 .2 6 6 .0 5 2 13.4 29 .96 1.60 9	4.30 7.7 58 .1 99		9.93 1.4 59 .2 36 1 4 .2 39 .21 7.43 5
K ) O F F -B A L A N C E S H E E T IT E M S	067	3 7 1.78 5.1 33	2 .73 7.8 09 .2 22	3.10 9.5 94 .3 55	204.007.631	2.76 5.0 22 .6 99	2.96 9.0 30 .3 30

CONSOLIDATED STATEMENT OF FINANCIAL POSITION (BALANCE SHEET) As at: 30.9.2021

							in HRK
Item		L as t d a y o f th e p rec ed in g b u s in e s s y e ar			A t th e re po rtin g d ate o f th e c u rre n t p erio d
	co d e	Life	N o n -life	T o tal	Life	N on-life	T o tal
1	2	3	4	5(3+4)	6	7	8(6 +7 )
L IA B IL IT IE S
A) C A P IT A L A N D R E S E R V E S (A D P 06 9+ 0 7 2 + 0 7 3 + 0 7 7 + 0 8 1 + 0 8 4 )	068	5 4 8.82 3.7 26	3.55 8.5 28 .0 83	4.10 7.3 51 .8 09	5 8 1.91 5.7 54	3 .97 2.2 69 .8 23	4.55 4.1 85 .5 77
1 S u b s c rib e d ca p ital (A D P 070 to 071)	069	4 4 .2 88 .72 0	5 4 5.03 7.0 80	5 8 9.32 5.8 00	4 4 .2 88 .72 0	545.03 7.0 80	5 8 9.32 5.8 00
1.1 P a id in cap ital - ord in ary shares	070	4 4 .2 88 .72 0	5 4 5.03 7.0 80	5 8 9.32 5.8 00	4 4 .2 88 .72 0	545.03 7.0 80	5 8 9.32 5.8 00
1.2 P a id in cap ital - preference shares	071	0	0	0	0	0	0
2 P re m iu m o n s h a res is su e d (ca pita l re se rve s)	072	0	6 8 1.48 2.5 25	6 8 1.48 2.5 25	0	681.48 2.5 25	6 8 1.48 2.5 25
3 R ev alu a tio n re s e rv e s (A D P 07 4 to 076)	073	181.95 3.4 64	3 8 6.49 6.1 59	5 6 8.44 9.6 23	174.96 0.1 47	518.51 6.1 15	6 9 3.47 6.2 62
3.1 Land and bu ildings	07 4	0	112.25 6.6 78	112.25 6.6 78	0	11 0.959.988	110.95 9.9 88
3.2 F inancial asse ts ava ilab le for sale	075	181.95 3.4 64	2 7 4.07 4.0 57	456.027.521	174.96 0.1 47	407.39 0.5 27	5 8 2.35 0.6 74
3.3 Other revaluation reserves	076	0	16 5.424	165.424	0	165.600	165.600
4 R e s e rv e s (A D P 07 8 to 080)	077	8 5 .2 95 .93 7	3 1 6.74 2.6 38	4 0 2.03 8.5 75	8 5 .2 95 .93 7	316.74 2.6 38	4 0 2.03 8.5 75
4.1 Legal reserves	078	2.21 4.4 36	27 .8 64 .35 4	3 0 .0 78 .79 0	2.21 4.4 36	2 7 .8 64 .35 4	3 0 .0 78 .79 0
4.2 Statutory reserve	079	7.581.501	139.63 8.9 95	147.22 0.4 96	7.581.501	13 9.638.499	147.22 0.0 00
4.3 Other reserves	080	7 5 .5 00 .00 0	149.23 9.2 89	2 2 4.73 9.2 89	7 5 .5 00 .00 0	14 9.239.785	2 2 4.73 9.7 85
5 R etain e d p ro fit o r lo s s b ro u g h t fo rw a rd (A D P 08 2 + 083)	081	201.886.061	1.33 6.2 67 .1 56	1.53 8.1 53 .2 17	2 5 2.29 6.6 79	1.61 6.3 97 .9 59	1 .86 8.6 94 .6 38
5.1 R etained pro fit	082	201.886.061	1.33 6.2 67 .1 56	1.53 8.1 53 .2 17	2 5 2.29 6.6 79	1.61 6.3 97 .9 59	1.86 8.6 94 .6 38
5.2 Loss bro ug ht forw ard (-)	083	0	0	0	0	0	0
6 P ro fit o r lo s s fo r th e c u rre n t a c co u n tin g p erio d (A D P 08 5+ 0 86 )	08 4	3 5 .3 99 .54 4	2 9 2.50 2.5 25	3 2 7.90 2.0 69	25.074.271	294.09 3.5 06	3 1 9.16 7.7 77
6.1 P rofit for the current a ccounting p e rio d	085	3 5 .3 99 .54 4	2 9 2.50 2.5 25	3 2 7.90 2.0 69	25.074.271	294.09 3.5 06	3 1 9.16 7.7 77
6.2 Loss for the current a ccounting pe rio d(-)	086	0	0	0	0	0	0
B ) S U B O R D IN A T E L IA B IL IT IE S	087	0	0	0	0	0	0
C ) M IN O R IT Y IN T E R E S T	088	74 6.62 7	11 .9 07 .81 4	12.654.441	88 5.77 0	9.37 3.8 60	10 .2 59 .63 0
D ) T E C H N IC A L P R O V IS IO N S (A D P 09 0 to 095)	089	3 .11 8.3 56 .0 79	4.50 5.5 78 .6 86	7.62 3.9 34 .7 65	3 .18 6.6 60 .2 37	4 .65 0.3 13 .6 23	7.83 6.9 73 .8 60
1 P rovisio ns for unearned prem ium s, gro ss am ount	090	6.096.801	1.42 9.1 66 .6 24	1.43 5.2 63 .4 25	6.25 6.7 59	1.65 0.8 33 .6 03	1.65 7.0 90 .3 62
2 M athem atical pro visions, gro ss am ount		3 .01 0.9 39 .2 68	11 .3 08 .89 4	3.02 2.2 48 .1 62	3 .09 0.8 30 .8 78	7.50 5.8 82	3 .09 8.3 36 .7 60
	091
3 C la im s outstanding, gro ss am ount	092	101.32 0.0 10	3.03 9.2 11 .2 16	3.14 0.5 31 .2 26	8 9 .5 72 .60 0	2 .94 8.2 20 .9 97	3 .03 7.7 93 .5 97
4 P rovisio ns for b o nu ses and rebates, gro ss am ount	093	0	9.46 3.9 67	9.46 3.9 67	0	2 1 .2 15 .86 0	2 1 .2 15 .86 0
5 E qualization pro visio n, gro ss am ount	09 4	0	7.05 5.5 33	7.05 5.5 33	0	7.05 5.5 33	7.05 5.5 33
6 O ther technical provisions, gro ss am ount	095	0	9.37 2.4 52	9.37 2.4 52	0	15 .4 81 .74 8	15 .4 81 .74 8
E ) S P E C IA L P R O V IS IO N S FO R LIFE A S S U R A N C E W H E R E P O L IC Y H O L D E R S B E A R T H E IN V E S T M E N T R IS K , g ro s s am o u n t	096	412.084.501	0	412.084.501	4 0 5.63 2.8 96	0	4 0 5.63 2.8 96
F) O T H E R P R O V IS IO N S (A D P 098 + 099)	097	2.84 5.5 37	98 .3 85 .23 2	101.23 0.7 69	4.28 0.1 56	8 9 .5 95 .61 6	9 3 .8 75 .77 2
1 P rovisio ns for p e nsio ns and sim ilar ob liga tion s	098	2.60 8.6 88	95 .3 50 .77 4	9 7 .9 59 .46 2	3.97 5.0 03	8 7 .0 07 .59 9	9 0 .9 82 .60 2
2 O ther provisions	099	23 6.84 9	3.03 4.4 58	3.27 1.3 07	30 5.15 3	2.58 8.0 17	2.89 3.1 70
G) D E F E R R E D A N D C U R R E N T T A X L IA B IL IT IE S (A D P 101 + 102)	100	37.308.321	135.09 5.7 33	172.40 4.0 54	3 8 .4 89 .01 7	211.37 1.7 38	2 4 9.86 0.7 55
1 D efe rre d tax liab ility	101	3 5 .7 81 .83 6	116.63 9.3 92	152.42 1.2 28	3 3 .2 18 .61 3	14 7.385.865	180.60 4.4 78
2 C urren t tax liab ility	102	1.526.485	18.456.341	19 .9 82 .82 6	5.27 0.4 04	6 3 .9 85 .87 3	6 9 .2 56 .27 7
H ) D E P O S IT S H E L D U N D E R B U S IN E S S C E D E D	103	0	0	0	0	0	0
I) F IN A N C IA L L IA B IL IT IE S (A D P 105 to 107)	10 4	5.11 2.6 67	3 1 8.77 9.2 03	3 2 3.89 1.8 70	3.91 7.0 10	372.68 4.6 87	3 7 6.60 1.6 97
1 Loan liab ilities	105	0	0	0	0	2.81 0.6 07	2.81 0.6 07
2 L ia b ilitie s for issue d financial instrum ents	106	0	0	0	0	0	0
3 O ther financial liab ilities	107	5.11 2.6 67	3 1 8.77 9.2 03	3 2 3.89 1.8 70	3.91 7.0 10	369.87 4.0 80	3 7 3.79 1.0 90
J) O T H E R L IA B IL IT IE S (A D P 109 to 112)	108	5 5 .3 74 .06 8	3 2 1.56 6.1 27	3 7 6.94 0.1 95	5 7 .2 70 .37 3	346.73 8.7 68	404.009.141
1 L ia b ilitie s from d ire c t insurance business	109	4.96 8.9 98	87 .7 17 .97 6	9 2 .6 86 .97 4	4.48 6.3 56	9 7 .4 23 .79 8	101.91 0.1 54
2 L ia b ilitie s from coinsurance and reinsurance bu siness	110	242.461	96 .3 69 .66 3	9 6 .6 12 .12 4	31 8.94 7	11 3.038.869	113.35 7.8 16
3 L ia b ilitie s for d isp o sa l and disco ntin ue d op era tion s	111	0	11.742	11.742	0	14.277	14.277
4 O ther liab ilities	112	5 0 .1 62 .60 9	137.46 6.7 46	187.62 9.3 55	5 2 .4 65 .07 0	13 6.261.824	188.72 6.8 94
K ) A C C R U A L S A N D D E F E R R E D IN C O M E (A D P 114+115)	113	27.044.031	2 7 2.42 5.1 74	2 9 9.46 9.2 05	2 8 .7 06 .98 6	279.111.121	3 0 7.81 8.1 07
1 D efe rre d reinsurance com m issio n	11 4	0	0	0	0	13 .6 73 .97 8	13 .6 73 .97 8
2 O ther accruals and d e fe rred inco m e	115	27.044.031	2 7 2.42 5.1 74	2 9 9.46 9.2 05	2 8 .7 06 .98 6	265.43 7.1 43	2 9 4.14 4.1 29
J) T O T A L L IA B IL IT IE S (A D P 06 8+ 0 8 7 + 0 8 8 + 0 8 9 + 0 9 6 + 0 9 7 + 1 0 0 + 1 0 3 + 1 0 4 + 1 0 8 + 1 1 3 )	116	4 .20 7.6 95 .5 57		9.22 2.2 66 .0 52 13.4 29 .96 1.60 9	4 .30 7.7 58 .1 99		9 .93 1.4 59 .2 36 14.2 39 .21 7.43 5
M ) O F F -B A L A N C E S H E E T IT E M S	117	3 7 1.78 5.1 33	2.73 7.8 09 .2 22	3.10 9.5 94 .3 55	204.007.631	2 .76 5.0 22 .6 99	2 .96 9.0 30 .3 30

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

For the period: 1.1.2021 - 30.9.2021

										in HRK
					Attributable to owners of the parent
Item	ADP code	Paid in capital (ordinary and preference shares)	Premium on shares issued	Revaluation reserves	Reserves (legal, statutory, other)	Retained profit or loss brought forward	Profit/loss for the year	Total capital and reserves (3 to 8)	Attributable to non-controlling interest	Total capital and reserves (9+10)
1	2	3	4	5	6	7	8	9	10	11
I Balance on the first day of the previous
business year	1		589.325.800 681.482.525			609.339.271 402.038.575 1.198.062.132	339.392.129	3.819.640.432		12.553.358 3.832.193.790
Change in accounting policies	2	0	0	0	0	0	0	0	0	0
Correction of errors from prior periods	3	0	0	0	0	0	0	0	0	0
II Balance on the first day of the previous business year (restated)	4		589.325.800 681.482.525			609.339.271 402.038.575 1.198.062.132	339.392.129	3.819.640.432		12.553.358 3.832.193.790
III Comprehensive income or loss for the same period of the previous year (ADP 006 + ADP 007)	5	0	0	-38.971.168	0	0	327.902.069	288.930.901	295.386	289.226.287
Profit or loss for the period	6	0	0	0	0	0	327.902.069	327.902.069	298.786	328.200.855
2 Other comprehensive income or loss for the same period of the previous year (ADP 008 to ADP 11)	7	0	0	-38.971.168	0	0	0	-38.971.168	-3.400	-38.974.568
Unrealised gains or losses on tangible assets (land and buildings)	8	0	0	-5.448.093	0	0	0	-5.448.093	-63.084	-5.511.177
Unrealised gains or losses on financial assets available for sale	9	0	0	14.993.777	0	0	0	14.993.777	-6.590	14.987.187
Realised gains or losses on financial assets available for sale	10	0	0	-51.498.680	0	0	0	-51.498.680	0	-51.498.680
Other changes in equity unrelated to owners	11	0	0	2.981.828	0	0	0	2.981.828	66.274	3.048.102
IV Transactions with owners (previous period)	12	0	0	-1.918.480		0 340.091.085	-339.392.129	-1.219.524	-194.303	-1.413.827
Increase/decrease in subscribed capital	13	0	0	0	0	0	0	0	0	0
Other contributions by owners	14	0	0	0	0	0	0	0	0	0
Payment of share in profit/dividend	15	0	0	0	0	0	0	0	-156.751	-156.751
Other distribution to owners	16	0	0	-1.918.480		0 340.091.085	-339.392.129	-1.219.524	-37.552	-1.257.076
V Balance on the last day of the previous business year reporting period	17	589.325.800	681.482.525			568.449.623 402.038.575 1.538.153.217	327.902.069	4.107.351.809	12.654.441	4.120.006.250
VI Balance on the first day of the current business year	18		589.325.800 681.482.525			568.449.623 402.038.575 1.538.153.217	327.902.069	4.107.351.809	12.654.441	4.120.006.250
Change in accounting policies	19	0	0	0	0	0	0	0	0	0
Correction of errors from prior periods	20	0	0	0	0	0	0	0	0	0
VII Balance on the first day of the current business year (restated)	21		589.325.800 681.482.525			568.449.623 402.038.575 1.538.153.217	327.902.069	4.107.351.809	12.654.441	4.120.006.250
VIII Comprehensive income or loss for the year	22	0	0	126.321.424	0	0	319.167.777	445.489.201	356.829	445.846.030
Profit or loss for the period	23	0	0	0	0	0	319.167.777	319.167.777	368.779	319.536.556
Other comprehensive income or loss for the year	24	0	0	126.321.424	0	0	0	126.321.424	-11.950	126.309.474
Unrealised gains or losses on tangible assets (land and buildings)	25	0	0	0	0	0	0	0	0	0
Unrealised gains or losses on financial assets available for sale	26	0	0	151.213.094	0	0	0	151.213.094	-5.270	151.207.824
Realised gains or losses on financial assets available for sale	27	0	0	-23.079.543	0	0	0	-23.079.543	0	-23.079.543
Other changes in equity unrelated to owners	28	0	0	-1.812.127	0	0	0	-1.812.127	-6.680	-1.818.807
Transactions with owners (current period)	29	0	0	-1.294.785		0 330.541.421	-327.902.069	1.344.567	-2.751.640	-1.407.073
Increase/decrease in subscribed capital	30	0	0	0	0	0	0	0	0	0
Other contributions by owners	31	0	0	0	0	1.092.012	0	1.092.012	-2.647.572	-1.555.560
Payment of share in profit/dividend Other transactions with owners	32 33	0 0	0 0	0 -1.294.785	0	0 0 329.449.409	0 -327.902.069	0 252.555	-134.972 30.904	-134.972 283.459
Balance on the last day of the current year reporting period	34	589.325.800	681.482.525			693.476.262 402.038.575 1.868.694.638	319.167.777	4.554.185.577		10.259.630 4.564.445.207

CONSOLIDATED STATEMENT OF CASH FLOWS - indirect method

For the period: 1.1.2021 - 30.9.2021

			in HRK
It e m	A D P c o d e	S a m e p e rio d o f th e p re v io u s y e a r	C u rre n t b u s in e s s p e rio d
1	2	3	4
I C a s h flo w fro m o p e ra tin g a c tiv itie s (A D P 0 0 2 + 0 1 3 + 0 3 1 )	001	2 6 0 .0 7 8 .5 7 7	8 6 .7 7 5 .1 8 4
1 C a s h flo w b e fo re c h a n g e s in o p e ra tin g a s s e ts a n d lia b ilitie s (A D P 0 0 3 + 0 0 4 )	0 0 2	2 7 2 .4 9 9 .0 5 8	2 3 8 .7 3 2 .5 6 0
1.1 P ro fit/lo s s b e fo re ta x	0 0 3	3 5 4 .0 7 6 .7 5 2	3 8 3 .5 2 9 .1 2 7
1.2 A d ju s tm e n ts : (A D P 0 0 5 to 01 2 )	0 0 4	-8 1 .5 7 7 .6 9 4	-1 4 4 .7 9 6 .5 6 7
1.2.1 D e p re c ia tio n o f p ro p e rty an d e q u ip m e n t	0 0 5	4 5 .7 3 7 .0 8 2	4 0 .6 8 3 .7 6 2
1.2.2 A m o rtiz a tio n o f in ta n g ib le a sse ts	0 0 6	1 5 .1 6 7 .5 4 9	1 9 .4 5 7 .2 7 2
1.2.3 Im p a irm e n t a n d g a in s /lo s s e s o n fa ir v a lu a tio n	0 0 7	1 1 .2 70 .54 1	-3 0 .5 9 3 .6 8 7
1.2.4 In tere st e xp e n s e s	0 0 8	8 .0 7 6 .7 0 3	8 .4 6 1 .7 4 1
1.2.5 In tere st in c o m e	0 0 9	-1 4 8 .3 5 5 .5 7 6	-1 4 0 .9 8 5 .9 1 7
1.2.6 S h are in p ro fit o f a s s o c ia te s	0 1 0	-7 .4 3 8 .2 1 5	-8 .0 1 8 .3 4 3
1 .2 .7 P ro fit/lo ss fro m the s a le o f ta n g ib le a s s e ts (in clu d in g lan d an d b u ild in g s)	011	4 4 4 .7 8 0	-5 5 8 .1 6 3
1.2.8 O th e r a d ju stm e n ts	0 1 2	-6 .4 8 0 .5 5 8	-3 3 .2 4 3 .2 3 2
2 In c re a s e /d e c re a s e in o p e ra tin g a s s e ts a n d lia b ilitie s (A D P 0 1 4 to 0 3 0 )	0 1 3	3 8 .9 1 6 .0 0 0	-1 1 0 .8 1 2 .4 8 2
2.1 In c re a s e /d e c re a s e in fin a n c ia l a s s e ts a va ila b le fo r s ale	0 1 4	-1 5 3 .1 5 2 .2 8 8	-4 2 5 .7 7 3 .1 5 8
2 .2 In c re a s e /d e c re a s e in fin a n c ia l a s s e ts a t fa ir v alue th ro u g h s ta te m e n t o f p ro fit o r loss	0 1 5	1 1 .2 3 8 .3 6 4	4 .1 8 9 .6 6 9
2 .3 In c re a s e /d e c re a s e in lo a n s and re c e iv a b le s	0 1 6	5 2 .4 6 0 .5 7 4	2 3 9 .9 5 7 .0 0 2
2 .4 In c re a s e /d e c re a s e i n d e p o s its w ith ce d a n ts	0 1 7	0	0
2 .5 In c re a s e /d e c re a s e in in ve stm e n ts fo r th e a c c o u n t o f life a ssu ra n ce p o lic y h o ld e rs w ho b e a r the in ve stm e n t risk	0 1 8	7 .8 6 1 .9 6 1	6 .4 5 1 .6 0 5
2 .6 In c re a s e /d e c re a s e in re in su ra n ce a m o u n t in te c h n ic a l p ro v is io n s	0 1 9	-1 1 9 .8 1 9 .1 2 7	3 0 .0 0 1 .6 1 4
2 .7 In c re a s e /d e c re a s e in ta x a sse ts	0 2 0	-3 1 .3 8 4 .3 8 0	-3 5 .6 4 2 .9 1 9
2 .8 In c re a s e /d e c re a s e in r e c e iv a b le s	021	-1 1 2 .8 8 1 .4 5 0	-2 4 2 .8 1 8 .1 7 3
2 .9 In c re a s e /d e c re a s e in o th e r a sse ts	0 2 2	0	0
2 .1 0 In c re a s e /d e c re a s e in p re p a y m e n ts and a c c ru e d in c o m e	0 2 3	-1 3 .3 0 3 .5 3 1	6 .2 4 7 .5 4 7
2.11 In c re a s e /d e c re a s e in te c h n ic a l p ro v is io n s 2 .1 2 In c re a s e /d e c re a s e in s p e c ia l p ro v is io n s fo r life a ss u ra n c e w h e re p o lic y h o ld e rs b e a r th e in v e s tm e n t ris k	0 2 4 02 5	3 6 1 .2 5 8 .1 6 3 -7 .8 6 1 .9 6 1	2 1 3 .0 4 5 .3 1 4 -6 .4 5 1 .6 0 5
2 .1 3 In c re a s e /d e c re a s e in ta x lia b ilitie s	0 2 6	2 9 .6 9 7 .3 0 7	2 7 .4 6 4 .3 7 0
2 .1 4 In c re a s e /d e c re a s e in d e p o s its he ld u n d e r re in su ra n ce b u s in e s s c e d e d	0 2 7	0	0
2 .1 5 In c re a s e /d e c re a s e in fin a n cia l lia b ilitie s	0 2 8	6 5 .5 9 9 .8 9 2	4 2 .5 1 7 .5 3 0
2 .1 6 In c re a s e /d e c re a s e in o th e r lia b ilitie s	0 2 9	-3 7 .0 2 0 .7 5 1	2 1 .6 4 9 .8 1 8
2 .1 7 In c re a s e /d e c re a s e in a cc ru a ls an d d e fe rre d in c o m e	0 3 0	-1 3 .7 7 6 .7 7 3	8 .3 4 8 .9 0 4
3 In c o m e ta x p aid	031	-5 1 .3 3 6 .4 8 1	-4 1 .1 4 4 .8 9 4
II C A S H F L O W F R O M IN V E S T IN G A C T IV IT IE S (A D P 0 3 3 to 0 4 6 )	0 3 2	2 7 5 .2 9 8 .1 9 3	5 9 .9 0 1 .7 4 1
1 C a s h re c e ip ts fro m the sale o f ta n g ib le a sse ts	0 3 3	2 2 3 .7 5 6	3 1 3 .7 7 0
2 C a s h p a ym e n ts fo r th e p u rch a se o f ta n g ib le a sse ts	0 3 4	-2 6 .5 3 6 .3 3 4	-2 0 .6 8 1 .1 7 1
3 C a s h re c e ip ts fro m the sale o f in ta n g ib le a s s e ts	0 3 5	0	0
4 C a s h p a ym e n ts fo r th e p u rch a se o f in ta n g ib le a s s e ts	0 3 6	-4 9 .7 6 2 .2 5 0	-4 2 .2 0 9 .3 4 4
5 C a s h re c e ip ts fro m the sale o f lan d and b u ild in g s no t o c c u p ie d b y a n u n d e rta kin g fo r its ow n a c tiv itie s	0 3 7	8 0 .6 1 4 .5 9 4	2 .5 5 0 .9 0 8
6 C a s h p a ym e n ts fo r th e p u rch a se o f land and b u ild in g s n o t o c c u p ie d b y a n u n d e rta kin g fo r its o w n a c tiv itie s	0 3 8	-2 7 .7 9 0 .5 2 1	-3 .3 8 2 .5 6 2
7 In c re a s e /d e c re a s e o f in ve stm e n ts in b ra n ch e s, a s s o c ia te s an d jo in t ven tu re s. 8 C a s h re c e ip ts fro m fin a n cia l a s s e ts he ld to m atu rity	0 3 9	-7 7 .9 8 7 .2 9 0	7 .8 6 2 .2 4 9
9 C a s h p a ym e n ts fo r fin a n cia l a s s e ts he ld to m a tu rity	0 4 0 041	4 4 0 .2 4 9 .4 0 7 -1 1 8 .1 8 2 .0 3 1	1 5 5 .3 7 8 .6 8 9 -1 1 4 .8 7 3 .1 9 8
10 C a s h re c e ip ts from the sale o f fin a n c ia l instru m e nts		0	0
11 C a s h p a ym e n ts fo r in ve stm e n ts in fin a n c ia l instru m e nts	0 4 2 0 4 3	0	0
12 C a s h re c e ip ts from d iv id e n d s an d sh a re in p ro fit	0 4 4	8 .3 1 7 .0 8 6	2 7 .1 5 8 .4 0 6
13 C a s h re c e ip ts from re p a ym e n ts o f s h o rt-te rm and lo n g -te rm loa ns g ive n	0 4 5	6 7 .9 9 6 .5 6 8	6 7 .8 6 4 .1 8 2
14 C a s h p a ym e n ts fo r sho rt-te rm an d lo n g -te rm loans	0 4 6	-2 1 .8 4 4 .7 9 2	-2 0 .0 8 0 .1 8 8
III C A S H F L O W F R O M F IN A N C IN G A C T IV IT IE S (A D P 0 4 8 to 05 2)	0 4 7	-1 9 .0 5 6 .1 6 2	-2 3 .9 3 8 .7 5 4
1 C a s h re c e ip ts re su ltin g from the in c re a s e o f in itia l c a p ita l	0 4 8	0	0
2 C a s h re c e ip ts fro m s h o rt-te rm an d lo n g -te rm loa ns re ce ive d	0 4 9	0	0
3 C a s h p a ym e n ts fo r th e re p a y m e n t o f sho rt-term an d lo n g -te rm lo a n s re c e iv e d	0 5 0	-1 8 .8 9 9 .4 1 1	-2 1 .8 4 3 .7 8 2
4 C a s h p a ym e n ts fo r th e re d e m p tio n o f tre a s u ry sh a re s	051	0	0
5 C a s h p a ym e n ts o f s h a re in p ro fit (d ivid e n d )	0 5 2	-15 6.7 51	-2 .0 9 4 .9 7 2
N E T C A S H F L O W (A D P 001 + 0 3 2 + 0 4 7 )	0 5 3	5 1 6 .3 2 0 .6 0 8	12 2 .7 3 8 .1 7 1
IV E F F E C T O F E X C H A N G E R A T E F L U C T U A T IO N S O N C A S H A N D C A S H E Q U IV A L E N T S	0 5 4	-4 6 .3 8 3 .1 1 9	2 5 .6 7 3 .3 1 0
V N E T IN C R E A S E /D E C R E A S E IN C A S H A N D C A S H E Q U IV A L E N T S (0 5 3 + 0 5 4 )	0 5 5	4 6 9 .9 3 7 .4 8 9	14 8 .4 1 1 .4 8 1
C a s h and c a s h e q u iva le n ts a t the b e g in n in g o f p e rio d	0 5 6	2 2 0 .3 5 1 .3 9 0	6 6 2 .4 4 8 .9 8 4
C a s h and c a s h e q u iva le n ts a t the end o f p e rio d (A D P 0 5 5 + 0 5 6 )	0 5 7	6 9 0 .2 8 8 .8 7 9	8 1 0 .8 6 0 .4 6 5

II. QUARTERLY MANAGEMENT REPORT

In the period observed, the CROATIA osiguranje Group, operating in Croatia and the markets of the region (BiH, North Macedonia, Serbia and Slovenia), achieved consolidated profit after tax and noncontrolling interest in the amount of HRK 319.2m, which represents an increase of 9.4 percent compared to the comparative period of the previous year.

Gross written premium for the reporting period amounted to HRK 2,735m, which represents an increase of 5.4 percent compared to the comparative period of the previous year. Gross written premium of nonlife insurance amounted to HRK 2,309.9m which represents an increase by 6.3 percent, while gross written premium of life insurance increased by 0.6 percent and amounted to HRK 425.1m.

Earned premium for the reporting period amounted to HRK 2,320.7m, which represents 81.2 percent of total income and an increase of 4.1 percent compared to the comparative period of the previous year.

In the non-life and life insurance business, the Group has achieved income from investments in the amount of HRK 353.8m, which represents a decrease of 7.6 percent compared to the comparative period of the previous year. Income from investments represents 12.4 percent of total income. Investment expenses amounted to HRK 79.9m, which represents a decrease of 10.6 percent compared to the comparative period of the previous year. Investment expenses represent 3.2 percent of total expenses.

Net claims incurred for the reporting period represent 53.2 percent of total expenses and amounted to HRK 1,317.8m, which represents a decrease of 8.3 percent compared to the same period of the previous year, while claims settled amounted to HRK 1,326.8m, representing a decrease of 2.5 percent compared to the same period of the previous year primarily due to the absence of claims arising from earthquake insurance risks that were recorded in the comparable period.

Acquisition and administration costs amounted to HRK 929.9m, representing 37.6 percent of total expenses of the Group. Acquisition and administration costs increased by 12.3 percent compared to the comparative period of the previous year.

Total assets of the Group as at 30 September 2021 amounted to HRK 14.2 billion, representing an increase of 6 percent compared to 31 December 2020.

Technical reserves as at 30 September 2021 amounted to HRK 7.8 billion, representing an increase of 2.8 percent compared to 31 December 2020.

Unaudited consolidated financial statements for the third quarter of 2021 will be available on the web sites of CROATIA osiguranje d.d., Zagreb Stock Exchange and Officially appointed mechanism for the central storage of regulated information.

Significant business events in the reporting period

On 18 June 2021, General Assembly of CROATIA osiguranje d.d. passed the Decision on the use of the profit of CROATIA osiguranje d.d. achieved in 2020. A dividend was voted for 8,750 preferred shares in the amount of HRK 112.00 per share for 2020 and HRK 112.00 per share for 2019, ie in the amount of HRK 980,000.00 for the year ended 31 December 2020 and in the amount of HRK 980,000.00 for the year ended 31 December 2019. The dividend was paid on 16 July 2021.

The Governing Board of the Croatian Financial Services Supervisory Agency (HANFA) held a session on July 14, 2021 and issued a decision approving Željko Lovrinčević to perform the function of a member of the Supervisory Board of CROATIA osiguranje dd for a term starting from September 20, 2021 to September 20, 2025.

Regarding the impact of COVID-19 on operations, due to the further course of the COVID-19 pandemic, the Group continues to closely monitor the situation and possible impacts on operations, with no significant negative impacts on the Group's operations.

The longer-term financial difficulties caused by the COVID-19 pandemic could be reflected in the deteriorating credit quality of non-financial companies and households as well as weakened repayment capacity of existing loans, which could have negative effects on banking institutions and the wider economy. The results for the financial year 2020 mainly show an increase of non-performing loans in most banks and a decrease in profit.

The effects of the pandemic in this regard can be expected in 2021 and later, when the ability of companies and households to repay existing loans and the ability of banks to absorb emerging risks will be demonstrated.

Therefore, in the coming period, the Group will place special emphasis on monitoring the financial results and public announcements of companies to which it has identified credit exposure.

Significant events after the end of the reporting date

The Croatian Financial Services Supervisory Agency (HANFA), at its meeting of the Governing Board held on 7 October 2021, issued a resolution authorising Zoran Barac to act as a member of the Supervisory Board of CROATIA osiguranje d.d. for a term of 4 years, with the beginning of the term from the date of receipt of the decision of HANFA, ie from 11 October 2021.

Expected development in the future

Given the very good tourist season, which shows signs that it could outperform a record 2019, the insurance market is experiencing strong growth of 9% compared to the previous year. Rising real estate prices and low interest rates, as well as penalties for holding higher amounts of cash in banks, contribute to the further growth of insurance products that rely on the bank channel (credit insurance and life insurance). Currently, the only negative effects relate to the delay in deliveries of new vehicles, due to a global problem in supply chains, which will begin to negatively affect the sale of insurance related to motor vehicles.

Numerous transformation initiatives launched in 2019 and 2020 have led to the optimization of business processes and increased business efficiency. The preparation phase of the new transformation cycle

started at the beginning of this year has been completed, the implementation of which should lead to further premium growth and more efficient cost management in the second part of the year.

In accordance with the above, the Group will in the coming period improve and refine digital communication channels:

• development of a new company website
• new functionalities of the mobile application Moja Croatia
• remote damage reporting
• additional emphasis on digital communication (delivery of IDD documentation by e-mail, digital signatures, delivery of invoices by e-mail, "pay-by-link"...)

Furthermore, the earthquakes in city of Zagreb and Banija county left long-term consequences on people's lives and property, but also opened the door to raising awareness of the need to insure property. In the coming period, the Group will try to raise awareness of the need for insurance through various campaigns and will simplify the conditions for accepting certain insurance conditions.

In the forthcoming period, the goal is to continue the best practice of transferring operational excellence from the parent to subsidiaries in the region. New sources of growth in the future are combinations of organic and acquisition activities. New acquisitions are aimed at strengthening the insurance business and further development of healthcare offering in addition to using the synergies arising from the insurance offer.

Research and development activities

Customer focus and continuous innovations are the values of the Group that underlie research activities and new product development. The aim is to provide fast and quality service and increasing client satisfaction.

During 2021, strong support for the introduction of Laqo insurance continued, both in marketing and functional terms. The LaqoPrevent program is part of the offer of Croatia's LAQO insurance, the first fully digital insurance solution in this area. LaqoPrevent promotes safe driving and responsible traffic behavior by using an advanced telematics technology solution, available as part of the LAQO application.

In cooperation with Swiss RE, one of the largest reinsurers in the world, Croatia osiguranje also launched the first crop insurance product against lack of soil moisture (drought). Thanks to this high-tech product, Croatia osiguranje has so far paid HRK 12.6m in compensation for drought damage. Index moisture protection in the soil is the most modern product of its kind on the market, which uses advanced technology for measuring soil moisture via satellite, and the payment of damages takes place automatically, without the need for an appraiser to go to the field. So far, more than 1,000 farmers have received the payment, and 90% of the compensation has been paid in just two weeks. According to estimates, Croatia osiguranje will pay out a total of HRK 13.7m to insured farmers.

The specialist postgraduate study Products, D igital Innovations and Technologies in Insurance (Insurtech)developed in cooperation with the Faculty of Electrical Engineering and Computing in Zagreb continues with work. The aim of the study is to further improve the insurance profession through the education of experts who will handle the development of industry in Croatia and the region.

Education of employees in the field of artificial intelligence has begun. More than 200 employees enrolled in the "Elements o f^/"training. The goal is to use new knowledge and ideas to improve various business processes and services to ensure and increase the satisfaction of both customers and employees of the company.

Description of the most significant risks and uncertainties

In relation to the most significant risks and uncertainties which were described in the audited financial statements for the year 2020, in the period observed there were no significant changes in relation to the risks to which the Group is exposed in the course of its business, except as described in the note Significant business events in the reporting period.

13

III. NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD I-IX 2021

1. GENERAL INFORMATION

The Group consolidated the following entities as at 30 September 2021:

		30 September 2021
	Activity	Shares	Shares	Shares held by
Group		directly	held by	non
		held by	the	controlling
		parent	Group	interests
		(%)	(%)	(%)
Subsidiaries registered in Croatia which are
consolidated:
Croatia premium d.o.o., Zagreb	Real estate business	100.00	100.00
- M teh d.o.o.	Equipm ent rental	100.00	100.00	-
Core 1 d.o.o., Zagreb	Real estate business	100.00	10 0.00
Razne usluge d.o.o. (u likvidaciji)	-	100.00	10 0.00	-
AUTO MAKSIMIR VOZILA d.o.o.	Insurance agency	100.00	100.00	-
CO LOGISTIKA d.o.o.	Real estate business	100.00	100.00	-
Strmec projekt d.o.o	Real estate business	100.00	10 0.00	-
CO Zdravlje d.o.o.	Consulting and services	100.00	10 0.00	-
- CROA TIA Po lik lin ika, Z agreb	Hea lthcare	-	100.00	-
Croatia-Tehnički pregledi d.o.o., Zagreb	MOT*	100.00	10 0.00	-
- Herz d.d, Požega	M O T	-	100.00	-
- Sla vonija trans- Tehnički pregledi d.o.o, S i Brod	M O T	-	76.00	24.00
- S TP Pit o mača, Pit omača	M O T	-	100.00	-
- S TP Bla to	M O T	-	100.00	-
- A uto prije voz d. d.	M O T	-	79.12	20.88
- Crotehna d.o.o, Ljubusk i	M O T	-	100.00	-
- Pont e d.o.o, Mostar	insurance agency	-	100.00	-
- Skadenca d.o.o.,	insurance agency	-	100.00	-
Croatia osiguranje mirovinsko društvo d.o.o., Zagreb	Fund management	100.00	10 0.00	-
ASTORIA d.o.o.	Real estate business	100.00	10 0.00	-
Subsidiaries registered abroad which are
consolidated
Milenijum osiguranje a.d.o., Beograd	Insurance	100.00	10 0.00
Croatia osiguranje d.d., Mostar	Insurance	97.01	97.01	2.99
- Croatia rem ont d.d, Čapljina**	M O T	-	69.79	30.21
- Croauto d.o.o, Mostar	M O T	-	66.79	3 3 2 1
- Hotel Hum d.o.o, Ljubusk i	Hospit ality	-	100.00	-
Croatia osiguranje d.d., non-life insurance
company, Skopje	Insurance	91.75	10 0.00	-
Croatia osiguranje d.d., life insurance company, Skopje	Insurance	9 5 .0 0	100.00	-

*MOT - Motor vehicle examination stations

** Crotehna d.o.o. additionally holds 8.69% in Croatia remont d.d.

In consolidation, the equity method is used for the valuation of investments in associates Agroservis - STP d.o.o., Virovitica (37%) and joint venture PBZ CROATIA osiguranje d.d. (50.0%).

The following is a summary of financial information for PBZ Croatia osiguranje d.d. for the last year for which the annual financial statements have been adopted and which have been presented for the Group using the equity method.

Summary statement of financial position	31 December 2020
	______ in HRK'000
Financial assets	102,892
Other assets	____ 34,225
Total assets	137,117
Liabilities	6,877
Capital and reserves	130,240
Total equity and liabilities	137,117
Summary statement of comprehensive income
Income	67,007
Expenses	(42,813)
Profit before tax	24,194
Income tax	(4,358)
Profit for the year	19,836
Share in profit of joint venture @ 50%	9,918
Summary financial information	31 December 2020
	_ in HRK'000
Opening balance of net assets at 1 January	133,304
Profit for the period	19,836
Dividends	(22,900)
Closing balance of net assets	130,240
Share in profit of joint venture @ 50%	65,120
Carrying amount	65,120

CROATIA osiguranje d.d., Zagreb, Vatroslava Jagica 33 (parent company) is registered in the Court Register of the Commercial Court in Zagreb, Republic of Croatia, under the Company's Court Reg. No. ("MBS") 080051022 and PIN ("OIB") 26187994862. The Company's principal activity is non-life and life insurance business together with activities that are related to insurance activities and reinsurance business in the non-life insurance segment. Among other important activities, the Group also carries out activities of pension fund management, technical examinations and providing medical services of clinics within the segment of non-life.

Croatia osiguranje d.d. is majorly owned by ADRIS GRUPE d.d., Rovinj and is included in the consolidated financial statements of ADRIS GRUPE d.d. which are available on the website of ADRIS GROUP d.d.

The average number of employees of the Group during the current period is 3,472.

Supervisory Board and Management Board

According to the Company Act, Insurance Act and the Articles of Association of the Company the Company's bodies are the General Assembly, the Supervisory Board and the Management Board. Obligations and responsibilities of the members of these bodies are determined by the mentioned acts.

Members of the Supervisory Board are:

Roberto Skopac	President
Zeljko Lovrincevic, PhD	Vice President
Vitomir Palinec	Member
Hrvoje Patajac	Member
Vlasta Pavlicevic	Member

Members of the Management Board are:

Davor Tomašković	President
Robert Vučković	Member
Luka Babić	Member
Vančo Balen	Member

Basis for preparation and consolidation

Financial statements are prepared in accordance with the Company's Act (Official Gazette 65/18, 17/20, 83/21), International Accounting Standard 34 - interim FinanciaiReporting, Rules of the Zagreb Stock Exchange and the Ordinance on the contents and structure of issuers interim reports and on the form and manner of their submission to the Croatian Financial Services Supervisory Agency, which is issued by the Croatian Financial Services Supervisory Agency.

Quarterly financial statements do not include all the information and disclosures required in the annual financial statements and should be read in conjunction with the Group's annual financial statements as at 31 December 2020. The Group's annual financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) as adopted by the European Union. The Annual Financial Report for 2020, for the purpose of understanding the information published in the notes to

the financial statements prepared for the third quarter of the 2021, is available on the company's official website, the official website of the Zagreb Stock Exchange and the Croatian Financial Services Supervisory Agency's Official Register.

Financial statements are prepared by using the accrual principle which is the underlying accounting assumption. Economic events are recognized when they occurred and are reported in financial statements for the period in which they occurred by using the underlying accounting principle of going concern.

Consolidated financial statements comprise the Company and its subsidiaries (together 'the Group'). All significant intragroup transactions and balances are eliminated.

Financial statements for the third quarter of the 2021 have not been audited.

Presentation currency

The Group's financial statements are prepared in Croatian kuna as presentation currency of the Group.

Use of estimates and judgements

Preparation of financial statements in conformity with IFRS requires the Management Board to make judgements, estimates and assumptions that affect the application of accounting policies and reported amounts of assets, liabilities, income and expenses. The estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances, and information available at the date of preparation of financial statements, the results of which form the basis of making the judgements about carrying value of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Changes of accounting estimates are recognised from the period in which an estimate is revised.

Accounting policies

Accounting policies and measurement methods which are used in the preparation of financial statements for the reporting period are the same as those which are used for preparation of the audited financial statements for the year 2020.

Related party transactions

There were no unusual related party transactions of goods and services in the current reporting period.

Seasonality of business activities

Group's operations are not seasonal. However, in the first part of the year, gross written premium and receivables for written premiums are higher than in the rest of the year due to dynamics of conclusion of insurance contracts.

Segment reporting

The Group's reporting segments comprise the life insurance segment and the non-life insurance segment. The description of segments as well as allocation of costs between segment of life insurance and non-life insurance, capital and reserves and assets described in the annual financial statements for 2020, have not changed. There were no significant intersegmental revenues and expenses in the period observed.

Earnings per share

	1 January-30	1 January-30
	September 2020	September 2021
	in HRK	in HRK
Profit for the year attributable to the Company's shareholders	291,662,005	319,167,777
Weighted average of ordinary shares	420,947	420,947
Earnings per share attributable to the Company's shareholders
Basic and diluted earnings per share in HRK	692.9	7582

Fair value

Fair value is the amount that should be received for an asset sold or paid to settle a liability in an arm's length transaction between market participants at the value measurement date. Fair value is based on quoted market prices, where available. If market prices are not available, fair value is estimated by using discounted cash flow models or other appropriate pricing techniques. Changes in assumptions on which the estimates are based, including discount rates and estimated future cash flows, significantly affect the estimates. Therefore, at this point the estimated fair value cannot be certainly achieved from the sale of a financial instrument. The fair value of investments at amortised cost is presented below:

	30 September 2021____ 31 December 2020
	Net book value	Fair value	Difference	Net book value	Fair value	Difference
	in HRK	in HRK	in HRK	in HRK	in HRK	in HRK
Debt securities	2,177,095,716	2,395,269,519	218,173,803	2,169,782,849	2,434,029,051	264,246,202
Loans	233,458,434	233,783,855	325,421	263,179,015	264,053,447	874,432
Deposits	682,729,243	683,931,589	1,202,346	923,404,147	924,807,760	1,403,613
	3,093,283,393	3,312,984,963	219,701,570	3,356,366,011	3,622,890,258	266,524,247

Methods ofassessm ent or assumptions in determining fair value

For measuring the fair value, the Group takes into account the IFRS fair value hierarchy rules that reflect the significance of inputs used in the assessment process. Each instrument is assessed individually and in detail. The levels of the fair value hierarchy are determined on the basis of the lowest level and the input data that are important for determining the fair value of the instrument.

The table below analyses financial instruments carried at fair value using the valuation method. Different levels have been defined as follows:

• Quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1).

• Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (that is, as prices or interest rates information) or indirectly (that is, derived from prices or interest rates) (Level 2).

• Inputs for the asset or liability that are not based on observable market data (unobservable inputs) (Level 3).

	Level 1	Level 2	Level 3	Total
	in HRK	in HRK	in HRK	in HRK
Property for own use	-	-	424, 076,147	424, 076,147
Investment property	-	-	1,088, 881,763	1, 088, 881,763
Equity securities	792,835,269	-	29,911,875	822,747,144
Debt securities	2,385,585,058	2,215,189,067	1,842,652	4,602,616,777
Investment funds	153,231,323	184,166,258	130,973	337,528,554
A vailable-for-sale financial assets	3,331,651,650	2,399,355,325	31, 885,500	5,762,892,475
Equity securities	23,985,336	-	-	23,985,336
Debt securities	-	-	-	-
Investment funds	4 3 4 ,394,883	-	-	4 3 4 ,39 4,88 3
Foreign currency forward contracts	-	7,798,69 4	-	7,7 9 8 ,6 9 4
Financial assets at fair value through profit
or loss	456,380,219	7,798,694		466, 178,913
Total assets at fair value	3,7 9 0 ,031,869	2,4 0 7 ,154,019	1,5 4 4 ,843,410	7,742,029,298

The Group's assets measured at fair value as at 30 September 2021 are presented as follows:

The Group's assets measured at fair value as at 31 December 2020 are presented as follows:

	Level 1	Level 2	Level 3	Total
	in HRK	in HRK	in HRK	in HRK
Property for own use	-	-	496,663,323	496,663,323
Investment property	-	-	1, 013,246,691	1,013,246,691
Equity securities	506,400,695	-	30,298,484	536,699,179
Debt securities	3,270,975,672	1,121,770,063	2,129,673	4 ,3 9 4 ,8 7 5,40 8
Investment funds	60,338,215	128,706,694	3,028,976	192,073,885
A vailable-for-sale financial assets	3, 837,714,582	1,250,476,757	35,457,133	5,123,648,472
Equity securities	17,187,511	-	-	17,187,511
Debt securities	-	-	-	-
Investment funds	438,132,586	-	-	4 3 8 ,132,586
Foreign currency forward contracts	-	4 ,115,217	-	4 ,115,217
Financial assets at fair value through profit
or loss	455,320,097	4,115,217		459,435,314
Total assets at fair value	4 ,293,0 3 4 ,6 7 9	1,2 5 4 ,591,974	1,5 4 5 ,367,147	7,09 2 ,9 9 3 ,8 0 0

The Group has adopted IFRS 13, pursuant to which it is required to disclose the fair value hierarchy of financial assets that are not measured at fair value as well as a description of valuation techniques and inputs used.

Financial liabilities are recorded at amortised cost. The Management Board believes that, due to fact that interest rate of these instruments is in line with market rates, the carrying value of these instruments is not significantly different from their fair value.

The fair value of deposits, loans and financial liabilities are estimated on the basis of inputs that are not commercially available rates, and are therefore classified as Level 3, or by using publicly available rates published by the Croatian national bank (for the Company's loans) and would therefore be classified as Level 2 in the fair value hierarchy. Investments with available market prices that are classified in the portfolio of held-to-maturity investments are classified as Level 1.

The fair values of cash and cash equivalents and insurance receivables and other receivables do not differ significantly from their carrying amounts due to the short-term nature of these financial instruments. Fair value is determined based on Level 2 inputs for cash and cash equivalents and based on Level 3 inputs for insurance receivables and other receivable.

The fair value of financial instruments that are not traded in an active market is determined by using valuation techniques. These valuation techniques maximise the use of observable market data where it is available and rely as little as possible on entity-specific estimates. If all significant inputs required to fair value an instrument are observable, the instrument is included in Level 2. The fair value of financial instruments that are classified as Level 3 is determined by using discontinued cash flow techniques or other valuation techniques by using relevant observable market data, information about current business and estimation of issuer's future business. There was no significant increase or decrease in the value of the parameters that would affect the change in the fair value of financial assets classified in Level 3 fair value.

There have been no significant reclassifications from Level 1 and Level 2 to Level 3 and vice versa of financial assets at fair value through profit or loss in statement of financial position.

The fair value of investment property is derived primarily by applying a sales comparison and income approach, and sometimes lacking information on market parameters by applying the cost method, depending on a particular property.

The fair value of the property for own use was carried out primarily by applying the income method.

The most significant inputs in the valuations were prices or rental income per square meter, generated based on comparable properties in the immediate vicinity and then adjusted by differences in key characteristics.

Information on measurements of the fair value of investment property using significant inputs that are not available on the market (Level 3) is published in the financial statements for 2020.

Intangible assets

In the period observed, intangible assets increased by HRK 26.2m, primarily due to additional investments in the new Core IT system. The Group capitalized the costs of net salaries in the amount of HRK 3.9m, the costs of contributions from salaries in the amount of HRK 1.1m, the costs of taxes and surcharges from salaries in the amount of HRK 0.8m, the costs of contributions to salaries in in the amount of HRK 0.9m and other employee costs in the amount of HRK 0.8m.

Investments in land and buildings not occupied by an undertaking for its own activities

In the period observed Group's investments in land and buildings not occupied by an undertaking for its own activities have increased in the amount of HRK 75.6m which is mostly due to reclassification of assets from the position of Land and buildings occupied by an undertaking for its own activities to the mentioned position due to a change in the purpose of specific property.

Financial assets and financial liabilities

The structure of financial assets as at 30 September 2021 and 31 December 2020 was as follows:

					30 September
			___________2021
	Held-to maturity investments	Available for-sale financial assets	Financial assets at fair value through profit or loss - for trading	Loans and receivables	Total
	in HRK	in HRK	in HRK	in HRK	in HRK
Shares
Shares, listed	_	756,448,908	23,985,336	-	780,434,244
Shares, not listed	-	66,298,236	-	-	66,298,236
	-	822,747,144	23,985,336	-	846,732,480
Debt securities
Government bonds	2,132,963,692	4,209,896,219 392,720,558	-	-	6,342,859,911
Corporate bonds	44,132,024 2,177,095,716	4,602,616,777	-	-	436,852,582 6,779,712,493
Derivative financial instruments
Foreign currency forward contracts			7,798,694		7,798,694
	-	-	7,798,694	-	7,798,694
Investment funds
Open-ended investment funds		337,528,554	28,761,987		366,290,541
Open-ended investment funds - assets
for coverage of unit-linked products	-	-	405,632,896	-	405,632,896
	-	337,528,554	434,394,883	-	771,923,437
Loans and receivables
Deposits with credit institutions	-	-	-	682,729,243	682,729,243
Loans	-	-	-	233,458,434	233,458,434
	-	-	-	916,187,677	916,187,677
	2,177,095,716	5,762,892,475	466,178,913	916,187,677	9,322,354,781

					2020
			Financial
	Held-to	Available	assets at fair
	maturity	for-sale	value	Loans and	Total
	investments	financial	through	receivables
		assets	profit or loss
			- for trading
	in HRK	in HRK	in HRK	in HRK	in HRK
Shares
Shares, listed	-	534,724,501	17,187,511	-	551,912,012
Shares, not listed		1,974,678		-	1,974,678
	-	536,699,179	17,187,511	-	553,886,690
Debt securities
Government bonds	2,125,846,022	4,225,370,460	-	-	6,351,216,482
Corporate bonds	43,936,827	169,504,948	-	-	213,441,775
	2,169,782,849	4 ,394,875,408	-	-	6,564,658,257
Derivative financial instruments
Foreign currency forward contracts	-	-
	-	-	4,115,217	-	4,115,217
			4,115,217	-	4,115,217
Investment funds
Open-ended investment funds	-	192,073,885	26,048,085	-	218,121,970
Open-ended investment funds - assets
for coverage of unit-linked products			412,084,501		412,084,501
	-	192,073,885	438,132,586	-	630,206,471
Loans and receivables
Deposits with credit institutions	-	-	-	923,404,147	923,404,147
Loans	-	-	-	263,179,015	263,179,015
	-	-	-	1,186,583,162	1,186,583,162
	2,169,782,849	5,123,648,472	459,435,314	1,186,583,162	8,939,449,797

The structure of financial liabilities as at 30 September 2021 and 31 December 2020 was as follows:

	30 September 2021	31 December 2020
	in HRK	in HRK
Lease liabilities	307,332,970	301,613,489
Liabilities for repo transactions	4 7 ,574,658	-
Loan liabilities	2,810,607	-
Derivative financial instruments	2,518,561	7,425,656
Preference shares	12,250,000	12,250,000
Other financial liabilities	4 ,114,901	2,602,725
	376,601,697	323,891,870

Share capital and shares

The Company's share capital with a nominal value of 601,575,800 as at 30 September 2021 is divided among 429.697 shares with a nominal value of HRK 1,400. The shares are marked as follows:

Number of shares	Nominal amount:
307.598 ordinary shares I. emission with ticker CROS-R-A/CROS	430,637,200
113349 ordinary shares II. emission with ticker CROS-R-A/CROS	158,688,600
TOTAL OF ORDINARY SHARES	589,325,800
8.750 preference shares I. emission with ticker CROS-P-A/CROS2	12,250,000
TOTAL OF PREFERENCE SHARES	12,250,000

Each share, ordinary and preference, provides the right to 1 (one) vote at the Company's General Assembly. Due to the guaranteed dividend payment, preference shares are classified as financial liabilities. All shares are paid in full, issued in dematerialized form, are transferable and are managed at the central depository of the Central Depository & Clearing Company. CROATIA osiguranje d.d. has no treasury shares.

Liabilities

The structure of liabilities as at 30 September 2021 and 31 December 2020 was as follows:

	30 September 2021
	No later than 1 year	1-5 years	More than 5years	Total
Other provisions	15,081,844	54,404,269	24,389,659	93,875,772
Financial liabilities Liabilities arising from insurance contracts, other liabilities and	71,387,645	77,863,038	227,351,014	376,601,697
deferred income	666,001,130	29,559,064	16,267,054	711,827,248
Total	752,470,619	161,826,371	268,007,727	1,182,304,717

	31 December 2020
	No later than 1 year	1-5 years	More than 5years	Total
Other provisions	10,282,711	65,760,274	25,187,784	101,230,769
Financial liabilities Liabilities arising from insurance contracts, other liabilities and	24,533,855	76,502,749	222,855,266	323,891,870
deferred income	629,178,365	32,864,461	14,366,574	676,409,400
Total	6 6 3 ,994,931	175,127,484	262,409,624	1,101,532,039

Deferred taxes

The Group has recognized deferred tax assets and liabilities as at 30 September 2021. There were no significant changes in deferred tax assets compared to 31 December 2020 while the movement of deferred tax liability is shown in the note below:

	Land and buildings occupied by an undertaking for its own activities	land and buildings not occupied by an undertaking for its own activities	Financial assets available for sale	Other	Total
	in HRK	in HRK	in HRK	in HRK	in HRK
1 January 2021	23,523,624	32,298,123	96,114,191	485,290	152,421,228
Utilization through retained
earning	(280,610)	-	-	-	(280,610)
Recognized deferred tax
liabilities in profit or loss	-	1,191,024	-	-	1,191,024
Change in fair value of
available-for-sale investments
through other comprehensive
income			27,301,905		27,301,905
Foreign exchange differences	-	-	(29,069)	-	(29,069)
30 September 2021	23,243,014	33,489,147	123,387,027	485,290	180,604,478

Commitments

As at 30 September 2021, the Group's contractual obligations for future investments amount to HRK 519m based on binding bids for investments in alternative investment funds.

www.crosig.hr

M ANAGEM ENT BOARD STATEM ENT

Pursuant to article 20 of the Articles of Association of the Company from 9 September 2021 and article 468 of the Capital Market Law (Official Gazette 65/18,17/20, 83/21), the Management Board provides this

STATEMENT

That to the best of our knowledge:

• the set of quarterly consolidated unaudited financial statements of the issuer for the period 1 January - 30 September 2021, prepared by using applicable financial reporting standards, gives a true and fair view of assets and liabilities, the financial position, profit or loss of the issuer and the entities included in consolidation,
• the management report presents an objective view of the development and business results and position of the issuer and entities included in consolidation, with description of significant risks and uncertainties to which they are exposed,

Zagreb, 28 October 2021

C r o a t ia in s u r a n c e c o m p a n y pic., Vatroslava Jagica 33, H R /10 0 0 0 Zagreb, 072 00 1884, ^t +385 (0)1 633 2 0 0 0 , f +385 (0)1 633 2 0 20 , www.crosig.hr, info@crosig.hr, Commercial Court in Zagreb, Registry no. 0 8 0 0 S I0 22, o ib 26187994862, ib a n HR94 2 340 0091 10 0 5 5 5 0 0 8, b ic / s w if t : PBZCHR2X. President of the Management Board Davor Tomaskovic. Members of the Management Board: Robert Vufkovic, Vanco Balen, Luka Babic, President of the Supervisory Board Roberto Skopac