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Consolidated statement of income 2010

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Figures in EUR thousand Notes 1.1.- 31.12.2010 1.1.- 31.12.20091
1 adjusted on the basis of IAS 8
Gross written premium 6.1 11,428,717 10,274,755
Ceded written premium   1,127,465 759,076
Change in gross unearned premium   (287,536) (227,161)
Change in ceded unearned premium   33,300 18,658
Net premium earned   10,047,016 9,307,176
Ordinary investment income 6.2 880,521 810,547
Profit/loss from investments in associated companies 6.2 3,857 (4,970)
Realised gains and losses on investments 6.2 162,003 113,012
Unrealised gains and losses on investments 6.2 (39,893) 100,571
Total depreciation, impairments and appreciation of investments 6.2 (3,448) 122,430
Other investment expenses 6.2 67,409 53,121
Net income from investments under own management   942,527 843,609
Income/expense on funds withheld and contract deposits 6.2 316,368 276,774
Net investment income   1,258,895 1,120,383
Other technical income 6.3 16,845 14,362
Total revenues   11,322,756 10,441,921
Claims and claims expenses 6.3 7,008,055 6,548,093
Change in benefit reserves 6.3 652,711 562,668
Commission and brokerage, change in deferred acquisition costs 6.3 2,257,948 2,011,344
Other acquisition costs   5,302 14,137
Other technical expenses 6.3 44,183 38,788
Administrative expenses 6.3 280,720 246,940
Total technical expenses   10,248,919 9,421,970
Other income and expenses 6.4 99,963 122,528
Operating profit/loss (EBIT)   1,173,800 1,142,479
Interest on hybrid capital 5.12 85,266 76,650
Net income before taxes   1,088,534 1,065,829
Taxes 6.5 257,629 291,770
Net income   830,905 774,059
thereof      
Minority interest in profit and loss   82,015 40,347
Group net income   748,890 733,712
Earnings per share      
Basic earnings per share 7.5 6.21 6.08
Diluted earnings per share 7.5 6.21 6.08
Figures in EUR thousand Notes 1.1.- 31.12.2010 1.1.- 31.12.20091
1 adjusted on the basis of IAS 8
Gross written premium 6.1 11,428,717 10,274,755
Ceded written premium   1,127,465 759,076
Change in gross unearned premium   (287,536) (227,161)
Change in ceded unearned premium   33,300 18,658
Net premium earned   10,047,016 9,307,176
Ordinary investment income 6.2 880,521 810,547
Profit/loss from investments in associated companies 6.2 3,857 (4,970)
Realised gains and losses on investments 6.2 162,003 113,012
Unrealised gains and losses on investments 6.2 (39,893) 100,571
Total depreciation, impairments and appreciation of investments 6.2 (3,448) 122,430
Other investment expenses 6.2 67,409 53,121
Net income from investments under own management   942,527 843,609
Income/expense on funds withheld and contract deposits 6.2 316,368 276,774
Net investment income   1,258,895 1,120,383
Other technical income 6.3 16,845 14,362
Total revenues   11,322,756 10,441,921
Claims and claims expenses 6.3 7,008,055 6,548,093
Change in benefit reserves 6.3 652,711 562,668
Commission and brokerage, change in deferred acquisition costs 6.3 2,257,948 2,011,344
Other acquisition costs   5,302 14,137
Other technical expenses 6.3 44,183 38,788
Administrative expenses 6.3 280,720 246,940
Total technical expenses   10,248,919 9,421,970
Other income and expenses 6.4 99,963 122,528
Operating profit/loss (EBIT)   1,173,800 1,142,479
Interest on hybrid capital 5.12 85,266 76,650
Net income before taxes   1,088,534 1,065,829
Taxes 6.5 257,629 291,770
Net income   830,905 774,059
thereof      
Minority interest in profit and loss   82,015 40,347
Group net income   748,890 733,712
Earnings per share      
Basic earnings per share 7.5 6.21 6.08
Diluted earnings per share 7.5 6.21 6.08

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