Important data at a glance

Group key figures		Page	2008 € million	2007 € million	2006 € million	2005 € million	2004 € million
Premiums written		Details	5,002	4,528	4,532	4,370	3,600
Savings portion of premiums from unit- and index-linked life insurance			823	748	559	360	178
Premiums written incl. the savings portion of premiums from unit- and index-linked life insurance1)			5,825	5,276	5,091	4,730	3,778
Premiums earned (net)2)		Details	4,730	4,106	4,130	4,000	3,302
of which property and casualty insurance			2,214	1,858	1,716	1,628	1,394
of which health insurance			946	906	887	849	742
of which life insurance			1,570	1,342	1,527	1,523	1,166
Premiums earned (net) incl. the savings portion of premiums from unit- and index-linked life insurance			5,504	4,801	4,629	4,311	3,431
Insurance benefits		Details	–3,562	–3,597	–3,716	–3,777	–3,033
Operating expenses (net)3)		Details Details	–1,237	–1,056	–967	–928	–826
Cost ratio (net after reinsurance)		Details	22.5%	22.0%	20.9%	21.5%	24.2%
Cost ratio (adjusted for the change in deferred acquisition costs)		Details	22.4%	22.4%	22.1%	22.6%	24.9%
Combined ratio (gross before reinsurance)		Details	94.2%	98.7%	95.4%	98.2%	95.8%
Net investment income4)		Details Details	189	955	865	963	748
Profit on ordinary activities		Details	90	340	238	190	121
Net profit		Details	67	269	175	133	102
Investments5)		Details Details	21,342	21,544	21,155	19,367	16,598
Technical provisions (net) 6)		Details Details Details	19,857	19,559	19,064	17,674	15,544
Shareholders’ equity		Details	1,265	1,336	1,122	930	683
Total equity incl. minority interests		Details	1,459	1,532	1,330	1,134	860
Average number of employees		Details Details	13,674	10,997	10,748	9,943	9,701
Insurance policies			14,699,534	13,130,215	12,533,673	11,892,828	11,739,085
1) Values gross before reinsurance. 2) Fully consolidated values. 3) Incl. reinsurance provisions and profit shares from reinsurance business ceded. 4) Minus financing costs. 5) Incl. self-used land and buildings, land and buildings held as financial investments, shares in associated companies and investments held on account and at risk of life insurance policyholders. 6)Incl. technical provisions for life insurance policies held on account and at risk of policyholders.