23. Provision for unsettled claims

In € thousand

31/12/2016

31/12/2015

Property and casualty insurance

 

 

Gross

2,287,500

2,371,658

Reinsurers’ share

–151,227

–151,645

 

2,136,273

2,220,013

Health insurance

 

 

Gross

158,203

157,917

Reinsurers’ share

–582

–22

 

157,622

157,895

Life insurance

 

 

Gross

139,844

193,741

Reinsurers’ share

–4,789

–16,206

 

135,055

177,535

Total

 

 

Gross

2,585,547

2,723,316

Reinsurers’ share

–156,598

–167,874

Total

2,428,950

2,555,443

The provisions for unsettled claims developed in the property and casualty insurance as follows:

In € thousand

31/12/2016

31/12/2015

Provisions for unsettled claims at 1 January

 

 

Gross

2,371,658

2,240,465

Reinsurers’ share

–151,645

–137,605

Net

2,220,013

2,102,860

Plus (net) claims expenditures

 

 

Current year claims

1,687,286

1,376,992

Prior-year claims

–37,638

10,474

Total

1,649,649

1,387,466

Less (net) claims paid

 

 

Current year claims

–828,423

–650,301

Prior-year claims

–700,078

–619,931

Total

–1,528,501

–1,270,232

Currency translation

–6,764

723

Other changes

391

–803

Reclassifications held for sale

–198,515

 

Claim provision at 31 December

 

 

Gross

2,287,500

2,371,658

Reinsurers’ share

–151,227

–151,645

Net

2,136,273

2,220,013

Claims payments

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

Total

In € thousand

 

 

 

 

 

 

 

 

 

 

 

 

Financial year

568,864

596,020

680,427

751,599

773,996

714,267

778,329

798,573

729,222

734,691

746,846

 

1 year later

853,412

910,954

1,020,882

1,130,543

1,138,253

1,068,406

1,142,524

1,174,639

1,106,066

1,106,222

 

 

2 years later

929,047

988,825

1,108,613

1,228,232

1,229,475

1,177,160

1,255,972

1,285,030

1,204,327

 

 

 

3 years later

965,674

1,029,929

1,152,195

1,286,633

1,276,504

1,225,202

1,308,792

1,334,305

 

 

 

 

4 years later

987,814

1,061,900

1,178,204

1,311,375

1,300,643

1,251,970

1,339,606

 

 

 

 

 

5 years later

1,000,086

1,078,782

1,197,413

1,327,499

1,318,705

1,266,660

 

 

 

 

 

 

6 years later

1,010,030

1,090,094

1,208,719

1,341,509

1,329,655

 

 

 

 

 

 

 

7 years later

1,019,621

1,098,971

1,219,432

1,350,716

 

 

 

 

 

 

 

 

8 years later

1,025,399

1,107,299

1,228,579

 

 

 

 

 

 

 

 

 

9 years later

1,033,766

1,109,434

 

 

 

 

 

 

 

 

 

 

10 years later

1,038,336

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cumulated payments and provision for unsettled claims

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

 

In € thousand

 

 

 

 

 

 

 

 

 

 

 

 

Financial year

1,075,554

1,157,006

1,259,054

1,392,902

1,401,783

1,337,566

1,444,917

1,489,270

1,475,068

1,476,130

1,515,928

 

1 year later

1,093,506

1,142,314

1,259,435

1,405,975

1,395,983

1,348,006

1,436,610

1,472,322

1,457,929

1,449,504

 

 

2 years later

1,076,415

1,147,451

1,272,176

1,410,426

1,404,598

1,350,674

1,449,431

1,495,723

1,437,879

 

 

 

3 years later

1,077,562

1,146,234

1,271,441

1,407,144

1,392,071

1,353,309

1,454,301

1,489,480

 

 

 

 

4 years later

1,074,674

1,151,828

1,269,188

1,401,274

1,394,923

1,353,437

1,447,394

 

 

 

 

 

5 years later

1,073,127

1,160,358

1,266,219

1,402,704

1,401,018

1,351,386

 

 

 

 

 

 

6 years later

1,068,320

1,160,625

1,272,535

1,405,034

1,399,677

 

 

 

 

 

 

 

7 years later

1,069,456

1,162,715

1,276,077

1,411,355

 

 

 

 

 

 

 

 

8 years later

1,071,713

1,159,032

1,282,654

 

 

 

 

 

 

 

 

 

9 years later

1,072,940

1,155,644

 

 

 

 

 

 

 

 

 

 

10 years later

1,075,758

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Settlement gains/losses

–2,818

3,388

–6,577

–6,321

1,341

2,051

6,907

6,243

20,049

26,626

-

50,889

Settlement gains/losses before 2005

 

 

 

 

 

 

 

 

 

 

 

–5,561

Total settlement gains/losses

 

 

 

 

 

 

 

 

 

 

 

45,328

 

 

 

 

 

 

 

 

 

 

 

 

 

Provision for unsettled claims

37,422

46,211

54,075

60,639

70,022

84,726

107,788

155,175

233,552

343,282

769,081

1,961,972

Provision for unsettled claims for accident years before 2005

 

 

 

 

 

 

 

 

 

 

 

240,203

Plus other reserve components (internal claims regulation costs, etc.)

 

 

 

 

 

 

 

 

 

 

 

85,325

Provisions for unsettled claims (gross) at 31. December 2016

 

 

 

 

 

 

 

 

 

 

 

2,287,500