Operating segments
Group functions and consolidation
in € million |
2018 |
2017 |
2016 |
Operating expenses (net) |
–68.4 |
–55.3 |
–49.6 |
Net investment income |
306.0 |
267.2 |
152.8 |
Earnings before taxes |
185.6 |
153.7 |
51.1 |
In the Group functions segment, operating expenses rose by 23.6 per cent to €68.4 million (2017: €55.3 million).
Net investment income amounted to €306.0 million (2017: €267.2 million).
Earnings before taxes rose to €185.6 million (2017: €153.7 million) in the 2018 financial year.
Consolidation
in € million |
2018 |
2017 |
2016 |
Net investment income |
–248.3 |
–247.6 |
–117.4 |
Earnings before taxes |
–198.7 |
–197.6 |
–89.0 |
Net investment income in the consolidation segment in 2018 amounted to €–248.3 million (2017: €–247.6 million).
Earnings before taxes remained stable at €–198.7 million (2017: €–197.6 million).