Annual Report 2016

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10 year overview
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Macroeconomic climate Industry-specific environment
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Property & Casualty reinsurance Life & Health reinsurance Investments
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Remuneration report
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Forecast
Economic developments Property & Casualty reinsurance Life & Health reinsurance Investments Outlook 2017
Consolidated balance sheet Statement of income Statement of comprehensive income Statement of changes in shareholders’ equity Cash flow statement Notes Auditor's report Responsibility statement
Report of the Supervisory Board Supervisory Board Members
Global presence Strategic business groups

Consolidated statement of income 2016

Table as Excel file: 
in EUR thousand Notes 1.1. – 31.12.2016 1.1. – 31.12.2015
Gross written premium 7.1 16,353,622 17,068,663
Ceded written premium 1,749,624 2,219,094
Change in gross unearned premium (156,575) (259,834)
Change in ceded unearned premium (29,808) 3,307
Net premium earned 14,417,615 14,593,042
Ordinary investment income 7.2 1,161,976 1,253,443
Profit / loss from investments in associated companies 7.2 9,101 19,169
Realised gains and losses on investments 7.2 206,296 135,847
Change in fair value of financial instruments 7.2 26,066 901
Total depreciation, impairments and appreciation of investments 7.2 76,028 38,098
Other investment expenses 7.2 109,140 101,202
Net income from investments under own management 1,218,271 1,270,060
Income / expense on funds withheld and contract deposits 7.2 332,149 395,033
Net investment income 1,550,420 1,665,093
Other technical income 7.3 470 1,290
Total revenues 15,968,505 16,259,425
Claims and claims expenses 7.3 10,811,325 11,075,407
Change in benefit reserves 7.3 80,512 101,157
Commission and brokerage, change in deferred acquisition costs 7.3 2,988,479 2,918,429
Other acquisition costs 16,292 5,652
Other technical expenses 7.3 3,997 1,348
Administrative expenses 7.3 401,545 398,512
Total technical expenses 14,302,150 14,500,505
Other income and expenses 7.4 22,993 (3,684)
Operating profit / loss (EBIT) 1,689,348 1,755,236
Interest on hybrid capital 6.12 71,693 84,316
Net income before taxes 1,617,655 1,670,920
Taxes 7.5 391,229 456,207
Net income 1,226,426 1,214,713
thereof
Non-controlling interest in profit and loss 6.14 55,197 63,988
Group net income 1,171,229 1,150,725
Earnings per share (in EUR) 8.5
Basic earnings per share 9.71 9.54
Diluted earnings per share 9.71 9.54
Consolidated balance sheet
Statement of comprehensive income
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Consolidated financial statements
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