Consolidated statement of income as at 31 March 2013
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in EUR thousand |
1.1. - 31.3.2013 |
1.1. - 31.3.20121 |
Gross written premium |
3,757,875 |
3,510,567 |
Ceded written premium |
380,921 |
314,209 |
Change in gross unearned premium |
(338,481) |
(423,141) |
Change in ceded unearned premium |
42,388 |
42,948 |
Net premium earned |
3,080,861 |
2,816,165 |
Ordinary investment income |
246,107 |
258,159 |
Profit/loss from investments in associated companies |
1,090 |
1,803 |
Realised gains and losses on investments |
34,772 |
37,807 |
Unrealised gains and losses on investments |
3,311 |
84,562 |
Total depreciation, impairments and appreciation of investments |
3,093 |
7,052 |
Other investment expenses |
21,267 |
18,393 |
Net income from investments under own management |
260,920 |
356,886 |
Income/expense on funds withheld and contract deposits |
93,823 |
83,730 |
Net investment income |
354,743 |
440,616 |
Other technical income |
705 |
385 |
Total revenues |
3,436,309 |
3,257,166 |
Claims and claims expenses |
2,270,013 |
2,046,111 |
Change in benefit reserves |
79,143 |
109,036 |
Commission and brokerage, change in deferred acquisition costs |
624,477 |
582,693 |
Other acquisition costs |
848 |
3,274 |
Other technical expenses |
1,367 |
1,016 |
Administrative expenses |
88,359 |
74,091 |
Total technical expenses |
3,064,207 |
2,816,221 |
Other income and expenses |
(19,593) |
(47,775) |
Operating profit (EBIT) |
352,509 |
393,170 |
Interest on hybrid capital |
31,379 |
25,371 |
Net income before taxes |
321,130 |
367,799 |
Taxes |
82,327 |
92,507 |
Net income |
238,803 |
275,292 |
thereof |
|
|
Non-controlling interest in profit and loss |
17,399 |
13,991 |
Group net income |
221,404 |
261,301 |
Earnings per share (in EUR) |
|
|
Basic earnings per share |
1.84 |
2.17 |
Diluted earnings per share |
1.84 |
2.17 |
in EUR thousand |
1.1. - 31.3.2013 |
1.1. - 31.3.20121 |
Gross written premium |
3,757,875 |
3,510,567 |
Ceded written premium |
380,921 |
314,209 |
Change in gross unearned premium |
(338,481) |
(423,141) |
Change in ceded unearned premium |
42,388 |
42,948 |
Net premium earned |
3,080,861 |
2,816,165 |
Ordinary investment income |
246,107 |
258,159 |
Profit/loss from investments in associated companies |
1,090 |
1,803 |
Realised gains and losses on investments |
34,772 |
37,807 |
Unrealised gains and losses on investments |
3,311 |
84,562 |
Total depreciation, impairments and appreciation of investments |
3,093 |
7,052 |
Other investment expenses |
21,267 |
18,393 |
Net income from investments under own management |
260,920 |
356,886 |
Income/expense on funds withheld and contract deposits |
93,823 |
83,730 |
Net investment income |
354,743 |
440,616 |
Other technical income |
705 |
385 |
Total revenues |
3,436,309 |
3,257,166 |
Claims and claims expenses |
2,270,013 |
2,046,111 |
Change in benefit reserves |
79,143 |
109,036 |
Commission and brokerage, change in deferred acquisition costs |
624,477 |
582,693 |
Other acquisition costs |
848 |
3,274 |
Other technical expenses |
1,367 |
1,016 |
Administrative expenses |
88,359 |
74,091 |
Total technical expenses |
3,064,207 |
2,816,221 |
Other income and expenses |
(19,593) |
(47,775) |
Operating profit (EBIT) |
352,509 |
393,170 |
Interest on hybrid capital |
31,379 |
25,371 |
Net income before taxes |
321,130 |
367,799 |
Taxes |
82,327 |
92,507 |
Net income |
238,803 |
275,292 |
thereof |
|
|
Non-controlling interest in profit and loss |
17,399 |
13,991 |
Group net income |
221,404 |
261,301 |
Earnings per share (in EUR) |
|
|
Basic earnings per share |
1.84 |
2.17 |
Diluted earnings per share |
1.84 |
2.17 |
See: Quarterly financial report incl. notes (PDF 1.0 MB)