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Consolidated Statement of Income

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Figures in EUR thousand Notes 1.1.-31.12.2009 1.1.-31.12.2008
Gross written premium 7.1 10,274,755 8,120,919
Ceded written premium   759,076 886,621
Change in gross unearned premium   (227,161) (113,480)
Change in ceded unearned premium   18,658 (59,193)
Net premium earned   9,307,176 7,061,625
Ordinary investment income 7.2 810,547 829,786
Profit/loss from investments in associated companies 7.2 (4,970) 4,199
Realised gains and losses on investments 7.2 113,012 (113,554)
Unrealised gains and losses on investments 7.2 100,571 (119,718)
Total depreciation, impairments and appreciation of investments 7.2 122,430 480,420
Other investment expenses 7.2 53,121 41,421
Net income from investments under own management   843,609 78,872
Income/expense on funds withheld and contract deposits 7.2 276,774 199,587
Net investment income   1,120,383 278,459
Other technical income 7.3 14,362 7,294
Total revenues   10,441,921 7,347,378
Claims and claims expenses 6.7 6,548,093 4,702,127
Change in benefit reserves 6.7 562,668 421,342
Commission and brokerage, change in deferred acquisition costs 7.3 2,011,344 1,635,941
Other acquisition costs   14,137 11,676
Other technical expenses 7.3 38,788 12,166
Administrative expenses 7.3 246,940 216,047
Total technical expenses   9,421,970 6,999,299
Other income and expenses 7.4 120,001 (200,011)
Operating profit/loss (EBIT)   1,139,952 148,068
Interest on hybrid capital 6.12 76,650 77,442
Net income before taxes   1,063,302 70,626
Taxes 7.5 291,770 205,610
Net income   771,532 (134,984)
thereof      
Minority interest in profit and loss   40,347 (7,997)
Group net income   731,185 (126,987)
Earnings per share      
Earnings per share in EUR 8.4 6.06 (1.05)
Figures in EUR thousand Notes 1.1.-31.12.2009 1.1.-31.12.2008
Gross written premium 7.1 10,274,755 8,120,919
Ceded written premium   759,076 886,621
Change in gross unearned premium   (227,161) (113,480)
Change in ceded unearned premium   18,658 (59,193)
Net premium earned   9,307,176 7,061,625
Ordinary investment income 7.2 810,547 829,786
Profit/loss from investments in associated companies 7.2 (4,970) 4,199
Realised gains and losses on investments 7.2 113,012 (113,554)
Unrealised gains and losses on investments 7.2 100,571 (119,718)
Total depreciation, impairments and appreciation of investments 7.2 122,430 480,420
Other investment expenses 7.2 53,121 41,421
Net income from investments under own management   843,609 78,872
Income/expense on funds withheld and contract deposits 7.2 276,774 199,587
Net investment income   1,120,383 278,459
Other technical income 7.3 14,362 7,294
Total revenues   10,441,921 7,347,378
Claims and claims expenses 6.7 6,548,093 4,702,127
Change in benefit reserves 6.7 562,668 421,342
Commission and brokerage, change in deferred acquisition costs 7.3 2,011,344 1,635,941
Other acquisition costs   14,137 11,676
Other technical expenses 7.3 38,788 12,166
Administrative expenses 7.3 246,940 216,047
Total technical expenses   9,421,970 6,999,299
Other income and expenses 7.4 120,001 (200,011)
Operating profit/loss (EBIT)   1,139,952 148,068
Interest on hybrid capital 6.12 76,650 77,442
Net income before taxes   1,063,302 70,626
Taxes 7.5 291,770 205,610
Net income   771,532 (134,984)
thereof      
Minority interest in profit and loss   40,347 (7,997)
Group net income   731,185 (126,987)
Earnings per share      
Earnings per share in EUR 8.4 6.06 (1.05)

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