Consolidated cash flow statement 2015

 
 
 
in EUR thousand 1.1. – 31.12.2015 1.1. – 31.12.2014
I. Cash flow from operating activities
Net income 1,214,713 1,065,107
Appreciation / depreciation 64,493 58,384
Net realised gains and losses on investments (135,847) (182,453)
Change in fair value of financial instruments (through profit or loss) (901) 33,257
Realised gains and losses on deconsolidation (835) (2,602)
Amortisation of investments 96,540 83,382
Changes in funds withheld 3,454,332 (482,106)
Net changes in contract deposits (1,923,135) 119,362
Changes in prepaid reinsurance premium (net) 256,527 157,349
Changes in tax assets / provisions for taxes 159,250 182,543
Changes in benefit reserve (net) (958,105) 57,841
Changes in claims reserves (net) 1,229,670 1,106,308
Changes in deferred acquisition costs (97,673) (121,881)
Changes in other technical provisions (9,106) 38,995
Changes in clearing balances (97,390) 73,975
Changes in other assets and liabilities (net) (147,658) (256,569)
Cash flow from operating activities 3,104,875 1,930,892
     
II. Cash flow from investing activities
Fixed-income securities – held to maturity
Maturities 1,184,382 618,208
Purchases (1,395)
Fixed-income securities – loans and receivables
Maturities, sales 358,350 427,121
Purchases (153,057) (100,302)
Fixed-income securities – available for sale
Maturities, sales 10,400,105 11,304,019
Purchases (12,362,146) (13,167,728)
Fixed-income securities – at fair value through profit or loss
Maturities, sales 20,211 9,649
Purchases (58,570) (34,622)
Equity securities – available for sale
Sales 5,284 10,932
Purchases (402,902) (9,793)
Other financial assets – at fair value through profit or loss
Sales 74,043 59,706
Purchases (33,312) (19,148)
Other invested assets
Sales 183,271 142,588
Purchases (379,296) (259,511)
Affiliated companies and participating interests
Sales 59,723 24,688
Purchases (28,453) (45,408)
Real estate and real estate funds
Sales 104,414 102,472
Purchases (458,294) (230,502)
Short-term investments
Changes (531,057) 11,735
Other changes (net) (30,771) (38,050)
Cash flow from investing activities (2,048,075) (1,195,341)
     
III. Cash flow from financing activities
Contribution from capital measures 4,007 876
Payment on capital measures (3,604) (4,769)
Structural change without loss of control (2,509) (20,080)
Dividends paid (557,435) (403,380)
Proceeds from long-term debts 23,400 554,095
Repayment of long-term debts (518,642) (774,338)
Other changes (net) (10) (13)
Cash flow from financing activities (1,054,793) (647,609)
IV. Exchange rate differences on cash 17,715 46,058
Cash and cash equivalents at the beginning of the period 772,882 642,936
Change in cash and cash equivalents (I.+II.+III.+IV.) 19,722 134,000
Changes in the consolidated group (4,054)
Cash and cash equivalents at the end of the period 792,604 772,882
Supplementary information on the cash flow statement1
Income taxes paid (on balance) (311,241) (113,032)
Dividend receipts2 162,612 71,844
Interest received 1,509,625 1,415,936
Interest paid (182,910) (175,025)
 

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