Consolidated statement of income as at 30 September 2013
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in EUR thousand | 1.7. – 30.9.2013 | 1.1. – 30.9.2013 | 1.7. – 30.9.20121 | 1.1. – 30.9.20121 |
---|---|---|---|---|
Gross written premium | 3,311,242 | 10,537,904 | 3,407,522 | 10,295,966 |
Ceded written premium | 448,697 | 1,173,087 | 360,552 | 1,064,313 |
Change in gross unearned premium | 46,063 | (299,645) | 68,069 | (385,037) |
Change in ceded unearned premium | 17,146 | 52,101 | 19,144 | 112,353 |
Net premium earned | 2,925,754 | 9,117,273 | 3,134,183 | 8,958,969 |
Ordinary investment income | 277,474 | 781,075 | 290,026 | 821,984 |
Profit/loss from investments in associated companies | 3,572 | 9,812 | 1,866 | 5,315 |
Realised gains and losses on investments | 12,915 | 97,413 | 82,552 | 150,546 |
Unrealised gains and losses on investments | 18,727 | (18,796) | 58,085 | 61,030 |
Total depreciation, impairments and appreciation of investments | 5,228 | 13,393 | 3,449 | 15,469 |
Other investment expenses | 23,324 | 70,526 | 21,050 | 62,208 |
Net income from investments under own management | 284,136 | 785,585 | 408,030 | 961,198 |
Income/expense on funds withheld and contract deposits | 80,081 | 267,630 | 91,281 | 247,564 |
Net investment income | 364,217 | 1,053,215 | 499,311 | 1,208,762 |
Other technical income | 1,600 | 2,436 | 134 | 951 |
Total revenues | 3,291,571 | 10,172,924 | 3,633,628 | 10,168,682 |
Claims and claims expenses | 2,226,173 | 6,800,868 | 2,289,276 | 6,558,039 |
Change in benefit reserves | (6,197) | 45,270 | 135,059 | 273,291 |
Commission and brokerage, change in deferred acquisition costs | 659,568 | 2,050,707 | 676,189 | 1,942,220 |
Other acquisition costs | 1,730 | 3,620 | 2,050 | 9,541 |
Other technical expenses | 1,536 | 8,246 | 852 | 2,825 |
Administrative expenses | 87,728 | 259,726 | 70,592 | 226,948 |
Total technical expenses | 2,970,538 | 9,168,437 | 3,174,018 | 9,012,864 |
Other income and expenses | (30,060) | (42,860) | (40,026) | (139,045) |
Operating profit (EBIT) | 290,973 | 961,627 | 419,584 | 1,016,773 |
Interest on hybrid capital | 31,947 | 94,988 | 25,556 | 76,159 |
Net income before taxes | 259,026 | 866,639 | 394,028 | 940,614 |
Taxes | 52,039 | 217,411 | 90,174 | 215,093 |
Net income | 206,987 | 649,228 | 303,854 | 725,521 |
thereof | ||||
Non-controlling interest in profit and loss | 1,523 | 36,049 | 38,351 | 54,724 |
Group net income | 205,464 | 613,179 | 265,503 | 670,797 |
Earnings per share (in EUR) | ||||
Basic earnings per share | 1.70 | 5.08 | 2.20 | 5.56 |
Diluted earnings per share | 1.70 | 5.08 | 2.20 | 5.56 |
1 Adjusted on the basis of IAS 8 (cf. Section 2 of the Notes) |