Income Statement for the 2006 business year

		Notes	2006 € 000	2005 € 000
1.	Premiums written (retained)	30
	a) Gross		4,532,137	4,370,165
	b) Reinsurers’ share		-372,366	-354,410
			4,159,771	4,015,755
2.	Change due to premiums earned (retained)
	a) Gross		-31,152	-15,824
	b) Reinsurers’ share		1,048	498
			-30,104	-15,326
3.	Premiums earned (retained)	31
	a) Gross		4,500,985	4,354,341
	b) Reinsurers’ share		-371,318	-353,912
			4,129,666	4,000,429
4.	Income from fees and provisions	32
	Reinsurance provisions and profit shares from reinsurance business ceded		80,865	66,744
5.	Net investment income	33	890,342	989,470
	of which profit from associated companies	38	45,017	12,871
6.	Other income	34	41,884	36,566
Total income			5,142,757	5,093,209
7.	Insurance benefits (net)	35
	a) Gross		-3,938,925	-4,005,588
	b) Reinsurers’ share		223,290	228,685
			-3,715,635	-3,776,903
8.	Operating expenses	36
	a) Acquisition costs		-708,444	-645,811
	b) Other operating expenses		-339,361	-348,651
			-1,047,805	-994,461
9.	Other expenses	37	-107,024	-93,230
10.	Amortisation of goodwill		-8,448	-11,732
Total expenses			-4,878,912	-4,876,326
11.	Operating profit		263,845	216,883
12.	Financing costs		-25,359	-26,550
13.	Profit on ordinary activities		238,487	190,332
14.	Income taxes	39	-63,422	-56,991
15.	Net profit		175,065	133,342
	of which consolidated profit		151,900	107,760
	of which minority interests		23,165	25,581