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Diamars, 29 Juni 2021 AWEMainta 15
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TECHNICAL RESERVE TAXES
( In Aruban florin) ( In Aruban florin)
TECHNICAL RESERVE FOR CLAIMS 31-12-2020 31-12-2019 TAXES AND SOCIAL SECURITY CONTRIBUTIONS 31-12-2020 31-12-2019
Reserve for claims motor 1,169,988 1,710,888 Value added tax 27,335 31,884
Reserve for claims medical 281,754 401,135 Wage tax 8,863 85,021
1,451,742 2,112,023 Dividend tax (ruling 2015) 131,771 131,771
Pension premiums 31,578 23,225
TECHNICAL RESERVE FOR UNEARNED PREMIUMS 31-12-2020 31-12-2019 Company tax 443,662 515,978
Unearned premium for motor 2,440,316 3,254,049 Social security premiums 16,011 31,632
Unearned premium for property 33,353 13,798 659,220 819,511
Unearned premium for medical 30,755 30,948
2,504,424 3,298,795 Other liabilities 31-12-2020 31-12-2019
ACCOUNTS PAYABLE 134,170 76,521
Payments received in advance 95,031 0
SHORTTERM LIABILITIES (12) 31-12-2020 31-12-2019 Accruals expenses and other payables 64,194 33,094
Taxes and social security contributions 659,220 819,511 Clearing account Setar N.V. 26,884 109,396
Other liabilities 322,373 219,209 Risk reinsurance premiums 2,094 0
981,593 1,038,720 Prepaid commissions Medical 0 194
322,373 219,205
Notes to the profit and loss account for the year
ended 31 December 2020
( In Aruban florin) ( In Aruban florin)
NET EARNED PREMIUMS (13) 2020 2019 CLAIMS INCURRED (14) 2020 2019
Premium written motor 6,309,614 7,717,625 Claims paid motor 2,458,324 3,911,602
Premium written medical 4,095,741 3,788,026 Road services costs 649,285 436,191
Premium written AD&D 0 258,702 Deductibles motor claims - 90,800 - 165,375
Premium written property 58,087 16,652 Subrogation claim motor - 23,372 - 200,992
Alteration unearned premium motor 813,733 89,669 Claims paid medical 2,396,053 2,287,071
Alteration unearned premium medical 193 1,831 Alteration claim reserve motor - 540,900 - 1,285,331
Alteration unearned premium property - 19,555 - 13,798 Alteration claim reserve medical - 119,381 69,341
Other insurance income 94,592 106,367 Medical consulting fees 27,600 27,600
11,352,405 11,965,074 Property claims and expertise costs 670 636
4,757,479 5,080,743
REINSURANCE PREMIUM (15) 2020 2019
Net reinsurance premium motor 223,773 212,403
Net reinsurance premium AD&D 14,443 16,058
Net reinsurance premium property 14,529 3,499
252,745 231,960
