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| Segment statement of income |
| |
| | | | | |
| |
Property and casualty reinsurance | Life and health reinsurance | Consolidation | Total |
| in EUR thousand |
1.1. – 31.3.2016 |
1.1. – 31.3.2015 | 1.1. – 31.3.2016 | 1.1. – 31.3.2015 | 1.1. – 31.3.2016 | 1.1. – 31.3.2015 | 1.1. – 31.3.2016 | 1.1. – 31.3.2015 |
| Gross written premium |
2,502,137 |
2,617,080 | 1,761,397 | 1,783,306 | 52 | (161) | 4,263,586 | 4,400,225 |
| thereof |
|
| | | | | | |
| From insurance business with other segments |
– |
– | (52) | 161 | 52 | (161) | – | – |
| From insurance business with external third parties |
2,502,137 |
2,617,080 | 1,761,449 | 1,783,145 | – | – | 4,263,586 | 4,400,225 |
| Net premium earned |
1,961,310 |
1,882,294 | 1,580,659 | 1,549,530 | 49 | 26 | 3,542,018 | 3,431,850 |
| Net investment income |
207,167 |
195,069 | 157,578 | 219,369 | 1,500 | 1,216 | 366,245 | 415,654 |
| thereof |
|
| | | | | | |
| Change in fair value of financial instruments |
(1,957) |
(21,096) | 12,424 | 10,485 | – | (27) | 10,467 | (10,638) |
| Total depreciation, impairments and appreciation of investments |
13,755 |
5,813 | 8 | 8 | – | 2,365 | 13,763 | 8,186 |
| Income / expense on funds withheld and contract deposits |
4,075 |
3,888 | 79,475 | 95,121 | – | – | 83,550 | 99,009 |
| Claims and claims expenses |
1,316,531 |
1,330,983 | 1,365,098 | 1,381,864 | (328) | – | 2,681,301 | 2,712,847 |
| Change in benefit reserve |
– |
– | (24,855) | (41,390) | 11 | 24 | (24,844) | (41,366) |
| Commission and brokerage, change in deferred acquisition costs
and other technical income / expenses |
496,244 |
423,077 | 258,391 | 242,522 | 1 | 2 | 754,636 | 665,601 |
| Administrative expenses |
48,229 |
51,635 | 46,616 | 49,265 | 61 | 84 | 94,906 | 100,984 |
| Other income and expense |
(7,812) |
(16,492) | 12,544 | 36,692 | (326) | (640) | 4,406 | 19,560 |
| Operating profit / loss (EBIT) |
299,661 |
255,176 | 105,531 | 173,330 | 1,478 | 492 | 406,670 | 428,998 |
| Interest on hybrid capital |
– |
– | – | – | 17,847 | 24,997 | 17,847 | 24,997 |
| Net income before taxes |
299,661 |
255,176 | 105,531 | 173,330 | (16,369) | (24,505) | 388,823 | 404,001 |
| Taxes |
80,538 |
82,445 | 26,799 | 48,519 | (5,376) | (5,288) | 101,961 | 125,676 |
| Net income |
219,123 |
172,731 | 78,732 | 124,811 | (10,993) | (19,217) | 286,862 | 278,325 |
| thereof |
|
| | | | | | |
| Non-controlling interest in profit or loss |
14,809 |
1,319 | 876 | (2,705) | – | – | 15,685 | (1,386) |
| Group net income |
204,314 |
171,412 | 77,856 | 127,516 | (10,993) | (19,217) | 271,177 | 279,711 |
| Segment statement of income |
| |
| | | | | |
| |
Property and casualty reinsurance | Life and health reinsurance | Consolidation | Total |
| in EUR thousand |
1.1. – 31.3.2016 |
1.1. – 31.3.2015 | 1.1. – 31.3.2016 | 1.1. – 31.3.2015 | 1.1. – 31.3.2016 | 1.1. – 31.3.2015 | 1.1. – 31.3.2016 | 1.1. – 31.3.2015 |
| Gross written premium |
2,502,137 |
2,617,080 | 1,761,397 | 1,783,306 | 52 | (161) | 4,263,586 | 4,400,225 |
| thereof |
|
| | | | | | |
| From insurance business with other segments |
– |
– | (52) | 161 | 52 | (161) | – | – |
| From insurance business with external third parties |
2,502,137 |
2,617,080 | 1,761,449 | 1,783,145 | – | – | 4,263,586 | 4,400,225 |
| Net premium earned |
1,961,310 |
1,882,294 | 1,580,659 | 1,549,530 | 49 | 26 | 3,542,018 | 3,431,850 |
| Net investment income |
207,167 |
195,069 | 157,578 | 219,369 | 1,500 | 1,216 | 366,245 | 415,654 |
| thereof |
|
| | | | | | |
| Change in fair value of financial instruments |
(1,957) |
(21,096) | 12,424 | 10,485 | – | (27) | 10,467 | (10,638) |
| Total depreciation, impairments and appreciation of investments |
13,755 |
5,813 | 8 | 8 | – | 2,365 | 13,763 | 8,186 |
| Income / expense on funds withheld and contract deposits |
4,075 |
3,888 | 79,475 | 95,121 | – | – | 83,550 | 99,009 |
| Claims and claims expenses |
1,316,531 |
1,330,983 | 1,365,098 | 1,381,864 | (328) | – | 2,681,301 | 2,712,847 |
| Change in benefit reserve |
– |
– | (24,855) | (41,390) | 11 | 24 | (24,844) | (41,366) |
| Commission and brokerage, change in deferred acquisition costs
and other technical income / expenses |
496,244 |
423,077 | 258,391 | 242,522 | 1 | 2 | 754,636 | 665,601 |
| Administrative expenses |
48,229 |
51,635 | 46,616 | 49,265 | 61 | 84 | 94,906 | 100,984 |
| Other income and expense |
(7,812) |
(16,492) | 12,544 | 36,692 | (326) | (640) | 4,406 | 19,560 |
| Operating profit / loss (EBIT) |
299,661 |
255,176 | 105,531 | 173,330 | 1,478 | 492 | 406,670 | 428,998 |
| Interest on hybrid capital |
– |
– | – | – | 17,847 | 24,997 | 17,847 | 24,997 |
| Net income before taxes |
299,661 |
255,176 | 105,531 | 173,330 | (16,369) | (24,505) | 388,823 | 404,001 |
| Taxes |
80,538 |
82,445 | 26,799 | 48,519 | (5,376) | (5,288) | 101,961 | 125,676 |
| Net income |
219,123 |
172,731 | 78,732 | 124,811 | (10,993) | (19,217) | 286,862 | 278,325 |
| thereof |
|
| | | | | | |
| Non-controlling interest in profit or loss |
14,809 |
1,319 | 876 | (2,705) | – | – | 15,685 | (1,386) |
| Group net income |
204,314 |
171,412 | 77,856 | 127,516 | (10,993) | (19,217) | 271,177 | 279,711 |
