Consolidated statement of income 2011
Figures in EUR thousand | Notes | 1.1.- 31.12.2011 | 1.1.- 31.12.20101 |
---|---|---|---|
1 adjusted on the basis of IAS 1 |
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Gross written premium | 6.1 | 12,096,113 | 11,428,717 |
Ceded written premium | 1,069,745 | 1,127,465 | |
Change in gross unearned premium | (269,189) | (287,536) | |
Change in ceded unearned premium | (5,668) | 33,300 | |
Net premium earned | 10,751,511 | 10,047,016 | |
Ordinary investment income | 6.2 | 966,171 | 880,521 |
Profit/loss from investments in associated companies | 6.2 | 3,088 | 3,857 |
Realised gains and losses on investments | 6.2 | 179,560 | 162,003 |
Unrealised gains and losses on investments | 6.2 | (38,795) | (39,893) |
Total depreciation, impairments and appreciation of investments | 6.2 | (5,801) | (3,448) |
Other investment expenses | 6.2 | 70,322 | 67,409 |
Net income from investments under own management | 1,045,503 | 942,527 | |
Income/expense on funds withheld and contract deposits | 6.2 | 338,538 | 316,368 |
Net investment income | 1,384,041 | 1,258,895 | |
Other technical income | 6.3 | 8,841 | 16,845 |
Total revenues | 12,144,393 | 11,322,756 | |
Claims and claims expenses | 6.3 | 8,029,895 | 7,008,055 |
Change in benefit reserves | 6.3 | 621,460 | 652,711 |
Commission and brokerage, change in deferred acquisition costs | 6.3 | 2,336,128 | 2,257,948 |
Other acquisition costs | 10,675 | 5,302 | |
Other technical expenses | 6.3 | 8,954 | 44,183 |
Administrative expenses | 6.3 | 289,063 | 280,720 |
Total technical expenses | 11,296,175 | 10,248,919 | |
Other income and expenses | 6.4 | (6,801) | 104,020 |
Operating profit/loss (EBIT) | 841,417 | 1,177,857 | |
Interest on hybrid capital | 5.12 | 99,169 | 89,323 |
Net income before taxes | 742,248 | 1,088,534 | |
Taxes | 6.5 | 65,460 | 257,629 |
Net income | 676,788 | 830,905 | |
thereof | |||
Non-controlling interest in profit and loss | 70,815 | 82,015 | |
Group net income | 605,973 | 748,890 | |
Earnings per share | |||
Basic earnings per share | 5.02 | 6.21 | |
Diluted earnings per share | 5.02 | 6.21 |