Quarterly Statement as at 30 September 2016

Table as Excel file: download (27 KB)

in EUR thousand	1.7. – 30.9.2016	1.1. – 30.9.2016	1.7. – 30.9.2015	1.1. – 30.9.2015
Gross written premium	4,170,231	12,454,022	4,359,352	12,945,888
Ceded written premium	441,542	1,290,122	555,711	1,560,007
Change in gross unearned premium	(133,879)	(450,830)	(3,587)	(621,768)
Change in ceded unearned premium	5,080	53,482	10,693	65,990
Net premium earned	3,599,890	10,766,552	3,810,747	10,830,103
Ordinary investment income	283,952	851,978	313,810	912,488
Profit / loss from investments in associated companies	922	2,574	4,219	8,838
Realised gains and losses on investments	74,057	153,585	57,537	124,181
Change in fair value of financial instruments	8,699	29,238	(7,582)	(9,207)
Total depreciation, impairments and appreciation of investments	12,911	60,991	9,399	24,111
Other investment expenses	27,398	79,878	28,086	80,351
Net income from investments under own management	327,321	896,506	330,499	931,838
Income / expense on funds withheld and contract deposits	74,281	249,888	95,465	292,892
Net investment income	401,602	1,146,394	425,964	1,224,730
Other technical income	465	691	1,020	2,045
Total revenues	4,001,957	11,913,637	4,237,731	12,056,878
Claims and claims expenses	2,809,884	8,127,236	2,859,004	8,282,390
Change in benefit reserves	(79,716)	75,803	134,299	133,489
Commission and brokerage, change in deferred acquisition costs	714,269	2,198,386	749,194	2,172,004
Other acquisition costs	8,959	16,007	2,097	4,317
Other technical expenses	378	1,166	2,463	4,688
Administrative expenses	99,426	304,191	97,623	308,061
Total technical expenses	3,553,200	10,722,789	3,844,680	10,904,949
Other income and expenses	(4,839)	(1,725)	7,837	38,346
Operating profit (EBIT)	443,918	1,189,123	400,888	1,190,275
Interest on hybrid capital	17,953	53,858	17,991	66,44
Net income before taxes	425,965	1,135,265	382,897	1,123,831
Taxes	111,947	306,802	113,576	297,738
Net income	314,018	828,463	269,321	826,093
thereof
Non-controlling interest in profit and loss	10,122	38,495	15,226	40,095
Group net income	303,896	789,968	254,095	785,998
Earnings per share (in EUR)
Basic earnings per share	2.52	6.55	2.11	6.52
Diluted earnings per share	2.52	6.55	2.11	6.52

in EUR thousand	1.7. – 30.9.2016	1.1. – 30.9.2016	1.7. – 30.9.2015	1.1. – 30.9.2015
Gross written premium	4,170,231	12,454,022	4,359,352	12,945,888
Ceded written premium	441,542	1,290,122	555,711	1,560,007
Change in gross unearned premium	(133,879)	(450,830)	(3,587)	(621,768)
Change in ceded unearned premium	5,080	53,482	10,693	65,990
Net premium earned	3,599,890	10,766,552	3,810,747	10,830,103
Ordinary investment income	283,952	851,978	313,810	912,488
Profit / loss from investments in associated companies	922	2,574	4,219	8,838
Realised gains and losses on investments	74,057	153,585	57,537	124,181
Change in fair value of financial instruments	8,699	29,238	(7,582)	(9,207)
Total depreciation, impairments and appreciation of investments	12,911	60,991	9,399	24,111
Other investment expenses	27,398	79,878	28,086	80,351
Net income from investments under own management	327,321	896,506	330,499	931,838
Income / expense on funds withheld and contract deposits	74,281	249,888	95,465	292,892
Net investment income	401,602	1,146,394	425,964	1,224,730
Other technical income	465	691	1,020	2,045
Total revenues	4,001,957	11,913,637	4,237,731	12,056,878
Claims and claims expenses	2,809,884	8,127,236	2,859,004	8,282,390
Change in benefit reserves	(79,716)	75,803	134,299	133,489
Commission and brokerage, change in deferred acquisition costs	714,269	2,198,386	749,194	2,172,004
Other acquisition costs	8,959	16,007	2,097	4,317
Other technical expenses	378	1,166	2,463	4,688
Administrative expenses	99,426	304,191	97,623	308,061
Total technical expenses	3,553,200	10,722,789	3,844,680	10,904,949
Other income and expenses	(4,839)	(1,725)	7,837	38,346
Operating profit (EBIT)	443,918	1,189,123	400,888	1,190,275
Interest on hybrid capital	17,953	53,858	17,991	66,44
Net income before taxes	425,965	1,135,265	382,897	1,123,831
Taxes	111,947	306,802	113,576	297,738
Net income	314,018	828,463	269,321	826,093
thereof
Non-controlling interest in profit and loss	10,122	38,495	15,226	40,095
Group net income	303,896	789,968	254,095	785,998
Earnings per share (in EUR)
Basic earnings per share	2.52	6.55	2.11	6.52
Diluted earnings per share	2.52	6.55	2.11	6.52