Consolidated Income Statement for the 2007 business year

		Notes	2007 € 000	2006 € 000
1.	Premiums written (retained)	30
	a) Gross		4,527,889	4,532,137
	b) Reinsurers’ share		–388,449	-372,366
			4,139,440	4,159,771
2.	Change due to premiums earned (retained)
	a) Gross		–38,243	-31,152
	b) Reinsurers’ share		5,180	1,048
			–33,063	-30,104
3.	Premiums earned (retained)	31
	a) Gross		4,489,647	4,500,985
	b) Reinsurers’ share		–383,269	-371,318
			4,106,377	4,129,666
4.	Income from fees and provisions	32
	Reinsurance provisions and profit shares from reinsurance business ceded		71,426	80,865
5.	Net investment income	33	993,005	890,342
	of which profit from associated companies	38	303,075	45,017
6.	Other income	34	37,131	41,884
Total income			5,207,939	5,142,757
7.	Insurance benefits (net)	35
	a) Gross		–3,891,922	-3,938,925
	b) Reinsurers’ share		294,897	223,290
			–3,597,024	-3,715,635
8.	Operating expenses	36
	a) Acquisitions costs		–793,661	-708,444
	b) Other operating expenses		–333,443	-339,361
			–1,127,104	-1,047,805
9.	Other expenses	37	–86,569	-107,024
10.	Amortisation of goodwill		–19,095	-8,448
Total expenses			–4,829,792	-4,878,912
11.	Operating profit		378,147	263,845
12.	Financing costs		–37,891	-25,359
13.	Profit on ordinary activities		340,256	238,487
14.	Income taxes	38	–71,263	-63,422
15.	Net profit		268,993	175,065
	of which consolidated profit		247,103	151,900
	of which minority interests		21,889	23,165
	Earnings per share in €1) in €	15	2,07	1,27
	Average number of shares in circulation		119,427,808	119,427,808
1)The diluted earnings per share are equal to the undiluted earnings per share. Calculated on the basis of the consolidated profit.