| in EUR thousand | 1.1. – 31.3.2015 | 1.1. – 31.3.2014 |
|---|---|---|
| I. Cash flow from operating activities | ||
| Net income | 278,325 | 259,499 |
| Appreciation / depreciation | 14,111 | 7,036 |
| Net realised gains and losses on investments | (44,998) | (54,105) |
| Change in fair value of financial instruments (through profit or loss) | 10,638 | (7,447) |
| Realised gains and losses on deconsolidation | (424) | (2,602) |
| Amortisation of investments | 23,452 | 21,786 |
| Changes in funds withheld | (469,217) | 48,475 |
| Net changes in contract deposits | 347,237 | (186,857) |
| Changes in prepaid reinsurance premium (net) | 465,477 | 289,732 |
| Changes in tax assets / provisions for taxes | 89,075 | 17,009 |
| Changes in benefit reserve (net) | (49,069) | 43,482 |
| Changes in claims reserves (net) | 764,116 | 628,482 |
| Changes in deferred acquisition costs | (70,777) | (45,857) |
| Changes in other technical provisions | (36,842) | 15,230 |
| Changes in clearing balances | (675,443) | (744,257) |
| Changes in other assets and liabilities (net) | 43,486 | 6,800 |
| Cash flow from operating activities | 689,147 | 296,406 |
| II. Cash flow from investing activities | ||
| Fixed-income securities – held to maturity | ||
| Maturities | 156,301 | 276,888 |
| Purchases | – | (5) |
| Fixed-income securities – loans and receivables | ||
| Maturities, sales | 27,336 | 231,666 |
| Purchases | (75,000) | – |
| Fixed-income securities – available for sale | ||
| Maturities, sales | 2,466,413 | 2,854,047 |
| Purchases | (2,497,244) | (2,874,095) |
| Fixed-income securities – at fair value through profit or loss | ||
| Maturities, sales | 5,190 | 5,514 |
| Purchases | (4,622) | (1,641) |
| Equity securities – available for sale | ||
| Sales | 511 | 3,939 |
| Purchases | (1,853) | (3,955) |
| Other financial assets – at fair value through profit or loss | ||
| Sales | 1,668 | 7,827 |
| Purchases | – | (5,779) |
| Other invested assets | ||
| Sales | 43,634 | 31,203 |
| Purchases | (84,383) | (45,052) |
| Affiliated companies and participating interests | ||
| Purchases | (8,049) | (32,638) |
| Real estate and real estate funds | ||
| Sales | 28,076 | 21,596 |
| Purchases | (56,328) | (14,294) |
| Short-term investments | ||
| Changes | (329,617) | (16,594) |
| Other changes (net) | (4,282) | (8,791) |
| Cash flow from investing activities | (332,249) | 429,836 |
| III. Cash flow from financing activities | ||
| Contribution from capital measures | 296 | – |
| Payment on capital measures | (35) | (2,574) |
| Dividends paid | (42,250) | (39,946) |
| Proceeds from long-term debts | 16,166 | 36,439 |
| Repayment of long-term debts | (16,616) | (750,331) |
| Cash flow from financing activities | (42,439) | (756,412) |
| IV. Exchange rate differences on cash | 43,123 | 3,942 |
| Cash and cash equivalents at the beginning of the period | 772,882 | 642,936 |
| Change in cash and cash equivalents (I. + II. + III. + IV.) | 357,582 | (26,228) |
| Changes in the consolidated group | – | (4,053) |
| Cash and cash equivalents at the end of the period | 1,130,464 | 612,655 |
| Supplementary information on the cash flow statement1 | ||
| Income taxes paid (on balance) | (50,477) | (37,962) |
| Dividend receipts2 | 9,024 | 7,158 |
| Interest received | 377,383 | 353,474 |
| Interest paid | (11,157) | (60,325) |
| 1 The income taxes paid, dividend receipts as well as interest received and paid are included entirely in the cash flow from operating activities. 2 Including dividend-like profit participations from investment funds |
||
