Consolidated cash flow statement 2014

 
 
 
 

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in EUR thousand 1.1. – 31.12.2014 1.1. – 31.12.2013
I. Cash flow from operating activities
Net income 1,065,107 939,249
Appreciation / depreciation 58,384 30,622
Net realised gains and losses on investments (182,453) (144,151)
Change in fair value of financial instruments (through profit or loss) 33,257 27,136
Realised gains and losses on deconsolidation (2,602) (6,661)
Income from the recognition of negative goodwill (173)
Amortisation of investments 83,382 98,146
Changes in funds withheld (482,106) (70,492)
Net changes in contract deposits 119,362 (78,143)
Changes in prepaid reinsurance premium (net) 157,349 193,824
Changes in tax assets / provisions for taxes 182,543 (89,114)
Changes in benefit reserve (net) 57,841 75,705
Changes in claims reserves (net) 1,106,308 1,118,155
Changes in deferred acquisition costs (121,881) 67,431
Changes in other technical provisions 38,995 70,075
Changes in clearing balances 73,975 (106,432)
Changes in other assets and liabilities (net) (256,569) 100,319
Cash flow from operating activities 1,930,892 2,225,496
     
II. Cash flow from investing activities
Fixed-income securities – held to maturity
Maturities 618,208 912,993
Purchases (1,395) (46,980)
Fixed-income securities – loans and receivables
Maturities, sales 427,121 462,581
Purchases (100,302) (283,585)
Fixed-income securities – available for sale
Maturities, sales 11,304,019 8,220,723
Purchases (13,167,728) (10,519,496)
Fixed-income securities – at fair value through profit or loss
Maturities, sales 9,649 79,646
Purchases (34,622) (12,074)
Equity securities – available for sale
Sales 10,932 15,432
Purchases (9,793) (12,302)
Other financial assets – at fair value through profit or loss
Sales 59,706 4,481
Purchases (19,148) (92)
Other invested assets
Sales 142,588 131,650
Purchases (259,511) (172,207)
Affiliated companies and participating interests
Sales 24,688 22,514
Purchases (45,408) (3,105)
Real estate and real estate funds
Sales 102,472 55,963
Purchases (230,502) (508,308)
Short-term investments
Changes 11,735 (74,218)
Other changes (net) (38,050) (35,134)
Cash flow from investing activities (1,195,341) (1,761,518)
     
III. Cash flow from financing activities
Contribution from capital measures 876 1,920
Payment on capital measures (4,769) (6,096)
Structural change without loss of control (20,080) 77
Dividends paid (403,380) (410,284)
Proceeds from long-term debts 554,095 77,405
Repayment of long-term debts (774,338) (10,705)
Acquisition / disposal of treasury shares (13) 5
Cash flow from financing activities (647,609) (347,678)
     
IV. Exchange rate differences on cash 46,058 (41,719)
     
Cash and cash equivalents at the beginning of the period 642,936 572,188
Change in cash and cash equivalents (I. + II. + III. + IV.) 134,000 74,581
Changes in the consolidated group (4,054) (3,833)
Cash and cash equivalents at the end of the period 772,882 642,936
     
Supplementary information on the cash flow statement1    
Income taxes paid (on balance) (113,032) (278,326)
Dividend receipts2 71,844 60,673
Interest received 1,415,936 1,457,912
Interest paid (175,025) (168,701)
 

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