Consolidated Income Statement from 1 January to 31 December 2008

		Notes	2008 € 000	2007 € 000
1.	Premiums written (retained)	31
	a) Gross		5,002,364	4,527,889
	b) Reinsurers’ share		–230,954	–388,449
			4,771,410	4,139,440
2.	Change due to premiums earned (retained)
	a) Gross		–41,195	–38,243
	b) Reinsurers’ share		157	5,180
			–41,038	–33,063
3.	Premiums earned (retained)	32
	a) Gross		4,961,169	4,489,647
	b) Reinsurers’ share		–230,796	–383,269
			4,730,372	4,106,377
4.	Income from fees and provisions	33
	Reinsurance provisions and profit shares from reinsurance business ceded		19,399	71,426
5.	Net investment income	34	227,596	993,005
	of which profit from associated companies		143,142	303,075
6.	Other income	35	80,008	37,131
Total income			5,057,374	5,207,939
7.	Insurance benefits	36
	a) Gross		–3,704,463	–3,891,922
	b) Reinsurers’ share		142,842	294,897
			–3,561,622	–3,597,024
8.	Operating expenses	37
	a) Acquisition costs		–869,703	–793,661
	b) Other operating expenses		–387,102	–333,443
			–1,256,805	–1,127,104
9.	Other expenses	38	–99,416	–86,569
10.	Amortisation of goodwill		–10,530	–19,095
Total expenses			–4,928,373	–4,829,792
11.	Operating profit		129,002	378,147
12.	Financing costs		–38,785	–37,891
13.	Profit on ordinary activities		90,217	340,256
14.	Income taxes	39	–23,470	–71,263
15.	Net profit		66,748	268,993
	of which consolidated profit		53,308	247,103
	of which minority interests		13,440	21,889
Earnings per share1) in €		16	0.44	2.07
Average number of shares in circulation			121,064,534	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.