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FOR EVERYTHING VALUABLE TO YOU... Press conference Jahorina osiguranje ad Dr Miroslav Miskic, General Manager "Jahorina osiguranje" ad Pale – RS/BiH Banja.

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Presentation on theme: "FOR EVERYTHING VALUABLE TO YOU... Press conference Jahorina osiguranje ad Dr Miroslav Miskic, General Manager "Jahorina osiguranje" ad Pale – RS/BiH Banja."— Presentation transcript:

1 FOR EVERYTHING VALUABLE TO YOU... Press conference Jahorina osiguranje ad Dr Miroslav Miskic, General Manager "Jahorina osiguranje" ad Pale – RS/BiH Banja Luka, April 18, 2012

2 Insurance market in BH Macroeconomic indicators Population (millions)3,84 * GDP (BAM billions)24,024,025,225,2 GDP per capita (BAM) Growth of real GDP, % change -3,10,5 Unemployment rate42% Inflation rate-0,42,4 Rating: Standard & Poor's: B+/Stable/B 1 EUR = 1,95583 BAM (*) – evaluation according to MMF and Global Finance -Total share of insurance (share of annual premium per capita) in Bosnia and Herzegovina in 2010 amounted approximately 63 EUR -In comparison with approximately 75 EUR in Serbia -And with over EUR in 15 EU countries

3 ABOUT JAHORINA OSIGURANJE "JAHORINA OSIGURANJE" AD Pale, established on August 11, 1992 as a mixed owned joint stock company. As of September 02, 2002 registered as a joint stock company with legal and natural entities as founders. As of January 20, 2012 Jahorina osiguranje ad is 100% owned by Vienna Insurance Group Insurance company Jahorina osiguranje а.d. has been registered for following groups of business activities: Other insurance Life insurance (from IQ 2010) Auxiliary activities for insurance.

4 ABOUT JAHORINA OSIGURANJE Jahorina osiguranje a.d. Pale operates at entire territory of Bosnia and Herzegovina. Business network comprises 8 branch offices with over 40 local offices and field offices throughout BH. Company is founder and owner of Jahorina auto DOO, with capital share of 100%. Jahorina auto DOO is specialized for vehicle technical checkup services and has widespread network of 30 stations for technical checkup of vehicles in all Republic Srpska.

5 ABOUT JAHORINA OSIGURANJE Since 2002, the Company has Certificate of Quality Management System ISO 9001 : 2000, given by RW TÜV Essen

6 JAHORINA AT THE BH MARKET -Leading company – absolute leader in RS, progressive growth in FBH -Growth of market share of Jahorina osiguranje ad in BH is constant in last years -Jahorina osiguranje ad was the first in RS at the end of 2011 with 15,9% of share -Takes 8 th position on BH insurance market with 5,1% of share -THE COMPANY VALUE exceeds 40 mill BAM (according to DUE DILLIGANCE E&Y evaluation)

7 JAHORINA in Total income of the Company 30,8 MILL BAM -Expenditures in 2011 amounted 30.2 MILl BAM -24,5 MILL BAM of premium was invoiced in 2011, and collected over 23, 1 MILL BAM -We paid 8,2 MILL BAM for 3765 claims in 2011 (8,3 mill BAM for 3558 claims in 2010) -Profit was BAM in 2011

8 JAHORINA TODAY -We have 215 employees -We sold 2517 risk packages, as a new product -We insured approximately motor vehicles against liability -Casco insurance of approximately vehicles -Approximately life insurance policies

9 -Achieve long term cumulative growth of premium and incomes (ultimate goal) -Continuous training and development of young talents -Employment of experienced professionals -Investment in long term relationships with clients -Efficient, fair and quick settlement of claims -Continuous spreading of insurance business in all aspects -Adequate portfolio structure with focus on life insurance. BUSINESS STRATEGY

10 Fundamental plan goals for 2012 are: - Invoiced premium in amount of 26,7 MILL BAM - Collected premium in amount 26,2 MILL BAM - Expected amount of paid claims 8,5 MILL BAM - Expenditures of conducting insurance 12,0 MILL BAM - Expected profit 0,76 MILL BAM - Number of permanently employed workers 249 PLAN FOR 2012

11 ACHIEVED IN IQ 2012 Invoiced premium BAM % Collected premium BAM % MTPL ,86% ,66% CASCO ,07% ,68% Property other ,88% ,96% Non-life total ,81% ,30% Life ,19% ,70% GRAND TOTAL ,00% ,00%

12 JAHORINA IN VIG -Jahorina osiguranje ad owned 100% by VIG since January 20, Extraordinary Assembly held on February 21, 2012 in Trebinje -New MANAGEMENT BOARD elected -We are getting used to work in the great and powerful international group

13 CSR ACTIVITIES IN 2011

14 Forthcoming activities -Social Activity day (corporative voluntary work) -Celebration of 20 th anniversary of the Company

15 THANK YOU FOR ATTENTION THANK YOU FOR PATIENCE


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