Consolidated Income Statement from 1 January to 31 December 2008
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 |
|