| in EUR thousand | 1.1. – 30.9.2015 | 1.1. – 30.9.2014 |
|---|---|---|
| I. Cash flow from operating activities | ||
| Net income | 826,093 | 760,131 |
| Appreciation / depreciation | 48,739 | 33,105 |
| Net realised gains and losses on investments | (124,181) | (137,356) |
| Change in fair value of financial instruments (through profit or loss) | 9,207 | 8,823 |
| Realised gains and losses on deconsolidation | (424) | (2,602) |
| Amortisation of investments | 74,279 | 58,522 |
| Changes in funds withheld | 364,136 | (344,432) |
| Net changes in contract deposits | (450,191) | (32,913) |
| Changes in prepaid reinsurance premium (net) | 555,301 | 351,545 |
| Changes in tax assets / provisions for taxes | 76,122 | 201,845 |
| Changes in benefit reserve (net) | 154,363 | 43,876 |
| Changes in claims reserves (net) | 1,065,118 | 935,513 |
| Changes in deferred acquisition costs | (119,417) | (77,797) |
| Changes in other technical provisions | (11,775) | 4,610 |
| Changes in clearing balances | (639,551) | (223,420) |
| Changes in other assets and liabilities (net) | (27,716) | (202,143) |
| Cash flow from operating activities | 1,800,103 | 1,377,307 |
| II. Cash flow from investing activities | ||
| Fixed-income securities – held to maturity | ||
| Maturities | 879,650 | 442,833 |
| Purchases | – | (4,582) |
| Fixed-income securities – loans and receivables | ||
| Maturities, sales | 248,921 | 348,139 |
| Purchases | (110,001) | – |
| Fixed-income securities – available for sale | ||
| Maturities, sales | 8,182,552 | 8,193,066 |
| Purchases | (8,859,044) | (9,318,583) |
| Fixed-income securities – at fair value through profit or loss | ||
| Maturities, sales | 18,828 | 9,636 |
| Purchases | (44,873) | (24,556) |
| Equity securities – available for sale | ||
| Sales | 4,215 | 9,923 |
| Purchases | (401,723) | (8,546) |
| Other financial assets – at fair value through profit or loss | ||
| Sales | 59,402 | 19,321 |
| Purchases | (11,641) | (6,409) |
| Other invested assets | ||
| Sales | 136,823 | 114,426 |
| Purchases | (255,517) | (191,724) |
| Affiliated companies and participating interests | ||
| Sales | 31,322 | - |
| Purchases | (31,133) | (44,975) |
| Real estate and real estate funds | ||
| Sales | 56,157 | 53,364 |
| Purchases | (242,036) | (201,107) |
| Short-term investments | ||
| Changes | 3,984 | (948) |
| Other changes (net) | (21,045) | (29,367) |
| Cash flow from investing activities | (355,159) | (640,089) |
| III. Cash flow from financing activities | ||
| Contribution from capital measures | 127 | 2,991 |
| Payment on capital measures | (7,009) | (2,152) |
| Structural change without loss of control | (2,542) | (10) |
| Dividends paid | (555,971) | (402,728) |
| Proceeds from long-term debts | 25,561 | 554,627 |
| Repayment of long-term debts | (517,972) | (757,608) |
| Other changes | (10) | (13) |
| Cash flow from financing activities | (1,057,816) | (604,893) |
| IV. Exchange rate differences on cash | (6,959) | 47,259 |
| Cash and cash equivalents at the beginning of the period | 772,882 | 642,936 |
| Change in cash and cash equivalents (I. + II. + III. + IV.) | 380,169 | 179,584 |
| Changes in the consolidated group | – | (4,059) |
| Cash and cash equivalents at the end of the period | 1,153,051 | 818,461 |
| Supplementary information on the cash flow statement1 | ||
| Income taxes paid (on balance) | (201,276) | (36,343) |
| Dividend receipts2 | 92,473 | 65,230 |
| Interest received | 1,154,514 | 966,095 |
| Interest paid | (157,252) | (127,905) |
| 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 |
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