Consolidated segmental report
Consolidated segmental report statement of income
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| Segmental statement of income in EUR thousand | Non-life reinsurance | Life/health reinsurance | Consolidation | Total | ||||
|---|---|---|---|---|---|---|---|---|
| 1.1.- 31.12.2011 | 1.1.- 31.12.2010 | 1.1.- 31.12.2011 | 1.1.- 31.12.2010 | 1.1.- 31.12.2011 | 1.1.- 31.12.20101 | 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 | 6,825,522 | 6,339,285 | 5,270,137 | 5,090,123 | 454 | (691) | 12,096,113 | 11,428,717 |
| thereof | ||||||||
| From insurance business with other segments | — | — | (454) | 691 | 454 | (691) | — | — |
| From insurance business with external third parties | 6,825,522 | 6,339,285 | 5,270,591 | 5,089,432 | — | — | 12,096,113 | 11,428,717 |
| Net premium earned | 5,960,764 | 5,393,884 | 4,788,893 | 4,653,910 | 1,854 | (778) | 10,751,511 | 10,047,016 |
| Net investment income | 845,426 | 721,225 | 512,616 | 508,243 | 25,999 | 29,427 | 1,384,041 | 1,258,895 |
| thereof | ||||||||
| Deposit interest and expenses | 14,239 | 12,200 | 324,299 | 304,168 | — | — | 338,538 | 316,368 |
| Claims and claims expenses | 4,701,962 | 3,873,129 | 3,328,609 | 3,135,785 | (676) | (859) | 8,029,895 | 7,008,055 |
| Change in benefit reserve | — | — | 619,713 | 653,496 | 1,747 | (785) | 621,460 | 652,711 |
| Commission and brokerage, change in deferred acquisition costs and other technical income/expenses | 1,367,299 | 1,273,906 | 985,803 | 1,022,800 | (6,186) | (6,118) | 2,346,916 | 2,290,588 |
| Administrative expenses | 160,223 | 164,498 | 130,568 | 118,698 | (1,728) | (2,476) | 289,063 | 280,720 |
| Other income and expenses | 22,553 | 75,984 | (19,170) | 52,979 | (10,184) | (24,943) | (6,801) | 104,020 |
| Operating profit/loss (EBIT) | 599,259 | 879,560 | 217,646 | 284,353 | 24,512 | 13,944 | 841,417 | 1,177,857 |
| Interest on hybrid capital | — | — | — | — | 99,169 | 89,323 | 99,169 | 89,323 |
| Net income before taxes | 599,259 | 879,560 | 217,646 | 284,353 | (74,657) | (75,379) | 742,248 | 1,088,534 |
| Taxes | 77,618 | 220,363 | 30,626 | 60,914 | (42,784) | (23,648) | 65,460 | 257,629 |
| Net income | 521,641 | 659,197 | 187,020 | 223,439 | (31,873) | (51,731) | 676,788 | 830,905 |
| thereof | ||||||||
| Non-controlling interest in profit or loss | 66,051 | 78,201 | 4,764 | 3,814 | — | — | 70,815 | 82,015 |
| Group net income | 455,590 | 580,996 | 182,256 | 219,625 | (31,873) | (51,731) | 605,973 | 748,890 |