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v3.20.1

NET PREMIUMS EARNED (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
NET PREMIUMS EARNED |
Schedule of insurance premium revenue | a) This item consists of the following:
|  |  |  |  |  |  |  |  |  | Results of |  |
|  |  |  |  |  |  |  |  |  | financial assets |  |
|  |  |  |  |  |  |  |  |  | designated at fair |  |
|  |  |  |  |  | Total gross |  | Premiums ceded |  | value through |  | Total Net
|  | Gross written |  | Technical reserve |  | written |  | to reinsurers and |  | profit and loss, |  | premiums
|  | premiums |  | adjustment |  | premiums (*) |  | co-insurers, net (**) |  | Note 8 |  | earned
|  | S/(000) |  | S/(000) |  | S/(000) |  | S/(000) |  | S/(000) |  | S/(000)
2019 |  |  |  |  |  |  |  |  |  |  |  |
Life insurance |  | 1,984,279 |  | (738,421) |  | 1,245,858 |  | (119,310) |  | 93,664 |  | 1,220,212
Health insurance |  | 571,006 |  | (22,843) |  | 548,163 |  | (12,828) |  | — |  | 535,335
General insurance |  | 1,076,595 |  | 14,229 |  | 1,090,824 |  | (427,022) |  | — |  | 663,802
Total |  | 3,631,880 |  | (747,035) |  | 2,884,845 |  | (559,160) |  | 93,664 |  | 2,419,349
2018 |  |  |  |  |  |  |  |  |  |  |  |
Life insurance |  | 1,821,867 |  | (677,708) |  | 1,144,159 |  | (116,043) |  | (53,935) |  | 974,181
Health insurance |  | 554,517 |  | (18,383) |  | 536,134 |  | (10,257) |  | — |  | 525,877
General insurance |  | 1,014,705 |  | (52,051) |  | 962,654 |  | (371,346) |  | — |  | 591,308
Total |  | 3,391,089 |  | (748,142) |  | 2,642,947 |  | (497,646) |  | (53,935) |  | 2,091,366
2017 |  |  |  |  |  |  |  |  |  |  |  |
Life insurance |  | 1,498,943 |  | (611,621) |  | 887,322 |  | (106,652) |  | 67,633 |  | 848,303
Health insurance |  | 502,148 |  | (5,147) |  | 497,001 |  | (15,294) |  | — |  | 481,707
General insurance |  | 936,316 |  | (12,496) |  | 923,820 |  | (377,857) |  | — |  | 545,963
Total |  | 2,937,407 |  | (629,264) |  | 2,308,143 |  | (499,803) |  | 67,633 |  | 1,875,973
(*)This item includes earned premiums, reinsurance premiums accepted and coinsurance premiums accepted and received. (**)“Premiums ceded to reinsurers and coinsurers, net” include:
Schedule of summary of components of premiums ceded to reinsurers and coinsurers, net |
|  | 2019 |  | 2018 |  | 2017
|  | S/(000) |  | S/(000) |  | S/(000)
Premiums ceded for automatic contracts (mainly excess of loss), Note 9(b) |  | (254,839) |  | (243,427) |  | (257,617)
Premiums ceded for facultative contracts, Note 9(b) |  | (289,386) |  | (288,928) |  | (263,378)
Annual variation of reserve risk in progress of premiums ceded, Note 9(b) |  | (14,935) |  | 34,709 |  | 21,192
|  | (559,160) |  | (497,646) |  | (499,803)
Schedule of gross written premiums after adjustments by insurance types | b) Gross written premiums by insurance type are described below:
|  | 2019 |  | 2018 |  | 2017 |
|  | S/(000) |  | % |  | S/(000) |  | % |  | S/(000) |  | % |
Life insurance (i) |  | 1,245,858 |  | 43.19 |  | 1,144,159 |  | 43.29 |  | 887,322 |  | 38.44 |
Health insurance (ii) |  | 548,163 |  | 19.00 |  | 536,134 |  | 20.29 |  | 497,001 |  | 21.54 |
General insurance (iii) |  | 1,090,824 |  | 37.81 |  | 962,654 |  | 36.42 |  | 923,820 |  | 40.02 |
Total |  | 2,884,845 |  | 100.00 |  | 2,642,947 |  | 100.00 |  | 2,308,143 |  | 100.00 |
| (i) |  | The breakdown of life insurance gross written premiums is as follows:
|  | 2019 |  | 2018 |  | 2017 |
|  | S/(000) |  | % |  | S/(000) |  | % |  | S/(000) |  | % |
Credit life |  | 536,091 |  | 43.03 |  | 507,496 |  | 44.36 |  | 436,443 |  | 49.19 |
Disability and survival (*) |  | 470,066 |  | 37.73 |  | 272,144 |  | 23.79 |  | 237,559 |  | 26.77 |
Individual life (**) |  | 60,705 |  | 4.87 |  | 203,662 |  | 17.80 |  | 69,647 |  | 7.85 |
Group life |  | 128,656 |  | 10.33 |  | 113,273 |  | 9.90 |  | 117,580 |  | 13.25 |
Annuities |  | 50,340 |  | 4.04 |  | 47,584 |  | 4.15 |  | 26,093 |  | 2.94 |
Total |  | 1,245,858 |  | 100.00 |  | 1,144,159 |  | 100.00 |  | 887,322 |  | 100.00 |
(*)This item includes Complementary Work Risk Insurance (“SCTR” from its Spanish acronym). (**)Individual life insurance premiums include Investment Link insurance contracts.
| (ii) |  | Health insurance gross written premiums after adjustments include medical assistance which amounts to S/464.7 million at December 31, 2019 (S/420.5 and S/386.3 million at December 31, 2018 and 2017, respectively) and represents 84.78 percent of this line of business at December 31, 2019 (78.44 and 77.73 percent at December 31, 2018 and 2017,respectively).
| (iii) |  | General insurance gross written premiums consist of the following:
|  | 2019 |  | 2018 |  | 2017 |
|  | S/(000) |  | % |  | S/(000) |  | % |  | S/(000) |  | % |
Automobile |  | 357,796 |  | 32.80 |  | 340,236 |  | 35.34 |  | 308,910 |  | 33.44 |
Fire and allied lines |  | 293,392 |  | 26.90 |  | 248,832 |  | 25.85 |  | 244,474 |  | 26.46 |
Theft and robbery |  | 110,395 |  | 10.12 |  | 91,369 |  | 9.49 |  | 81,699 |  | 8.84 |
Technical lines (*) |  | 70,364 |  | 6.45 |  | 64,141 |  | 6.66 |  | 62,973 |  | 6.82 |
Third party liability |  | 50,024 |  | 4.59 |  | 49,421 |  | 5.13 |  | 44,536 |  | 4.82 |
Transport |  | 44,368 |  | 4.07 |  | 49,441 |  | 5.14 |  | 46,534 |  | 5.04 |
SOAT (Mandatory automobile line) |  | 41,068 |  | 3.76 |  | 32,015 |  | 3.33 |  | 24,573 |  | 2.66 |
Marine Hull |  | 27,005 |  | 2.48 |  | 27,394 |  | 2.85 |  | 27,317 |  | 2.96 |
Aviation |  | 42,191 |  | 3.87 |  | 16,173 |  | 1.68 |  | 25,185 |  | 2.73 |
Others |  | 54,221 |  | 4.96 |  | 43,632 |  | 4.53 |  | 57,619 |  | 6.23 |
Total |  | 1,090,824 |  | 100.00 |  | 962,654 |  | 100.00 |  | 923,820 |  | 100.00 |
(*)Technical lines include Contractor’s All Risk (CAR), Machinery breakdown, All Risk (EAR), Electronic equipment (EE), All Risk Contractor’s Equipment (ARCE).

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