Statement of Financial Position - Vertical

\f\fAs of 31 December 2019, 2013 {In Philippine Pesos} 2019 2018 Amount Percent Amount Percent Gross Premium 3,450,355,820 100,094 2,129,192,941 100.0% Earned Premium 3,323,625,632 963% 2,554,130,918 93.6% Claims 1,327,270,072 33.5% 325,514,132 30.3% Commission 81 Brokerage 1,434,042,907r 43.0% 1,045,011,963 33.3% Administrative Expenses 506,908,319 14.19% 380,194,289 13.9% Investments 8: Other Income 45,312,355 1.3% 20,201,787 0.8% Net Income After Tax 106,338,213 3.1% 224,513,585 3. 2% Administrative Expense Ratio 12% 1596 Combined Ratio 97% 83% As of 31 December 2019, 2013 {In Philippine Pesos} Increase or {Decrease} Amount Percent Gross Premium 3,450,355,320 2,?29,?92,941_ 720,562,8?9_ 26,495 Earned Premium 3,323,625,632 2,554,130,918 169,494,164 30.11% Ciaims 1,321,270,012 325,514,132 500,755,940 60.6% Commission 81 Brokerage 1,434,047,90? 1,045,011,963 439,035,944 42.01% Administrative Expenses 506,908,319 380,194,289 126,?14,030 33.3% Investments Be Other Income 45,312,355 20,701,713? 24,610,563 113.9% Net Income After Tall 106,338,278 224,615,686 418,335,408 ~52.\" Administrative Expense Ratio 12% 15% Combined Ratio 97% 88%