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Assets |
Notes |
31 Dec. 2009 |
31 Dec. 2008 |
1 Jan. 2008 |
|
A. Tangible assets |
|
|
|
|
|
I. Self-used land and buildings |
230,077 |
220,565 |
227,187 | |
|
II. other tangible assets |
132,447 |
113,412 |
138,030 | |
|
|
|
362,524 |
333,977 |
365,218 |
|
B. Land and buildings held as financial investments |
1,433,091 |
1,147,634 |
1,014,259 | |
|
C. Intangible assets |
|
|
|
|
|
877,394 |
872,003 |
873,462 | ||
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II. Goodwill |
607,191 |
500,969 |
293,458 | |
|
III. Other intangible assets |
31,875 |
34,424 |
39,273 | |
|
|
|
1,516,459 |
1,407,396 |
1,206,193 |
|
D. Shares in associated companies |
717,163 |
851,382 |
506,654 | |
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E. Investments |
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|
|
|
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I. Variable-yield securities |
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|
|
|
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1. Available for sale |
1,321,142 |
1,397,749 |
2,909,384 | |
|
2. At fair value through profit or loss |
|
706,219 |
948,998 |
975,953 |
|
|
|
2,027,361 |
2,346,747 |
3,885,337 |
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II. Fixed interest securities |
|
|
|
|
|
1. Held to maturity |
340,000 |
448,957 |
0 | |
|
2. Available for sale |
9,879,620 |
8,605,679 |
11,132,745 | |
|
3. At fair value through profit or loss |
|
246,936 |
271,468 |
496,638 |
|
|
|
10,466,556 |
9,326,105 |
11,629,383 |
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III. Loans and other investments |
|
|
|
|
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1. Loans |
2,943,107 |
3,201,817 |
982,480 | |
|
2. Cash at credit institutions |
1,201,925 |
1,457,298 |
649,313 | |
|
3. Deposits with ceding companies |
136,149 |
129,405 |
118,908 | |
|
|
|
4,281,180 |
4,788,519 |
1,750,700 |
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IV. Derivative financial instruments |
|
|
|
|
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1. Variable-yield |
3,606 |
15,898 |
17,977 | |
|
2. Fixed interest |
8,252 |
3,179 |
42,252 | |
|
|
|
11,858 |
19,077 |
60,228 |
|
|
|
16,786,955 |
16,480,448 |
17,325,648 |
|
F. Investments held on account and at risk of life insurance policyholders |
3,473,553 |
2,642,462 |
2,470,340 | |
|
G. Share of reinsurance in technical provisions |
|
|
|
|
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I. Provision for unearned premiums |
20,341 |
26,853 |
6,168 | |
|
448,599 |
431,387 |
408,653 | ||
|
293,762 |
265,344 |
321,507 | ||
|
IV. Provision for profit-unrelated premium refunds |
99 |
225 |
365 | |
|
V. Provision for profit-related premium refunds, i.e. policyholder profit sharing |
0 |
0 |
0 | |
|
VI. Other technical provisions |
|
3,649 |
5,529 |
3,029 |
|
|
766,450 |
729,338 |
739,722 | |
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H. Share of reinsurance in technical provisions held on account and at risk of life insurance policyholders |
382,338 |
382,480 |
346,868 | |
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I. Receivables including receivables under insurance business |
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|
| |
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I. Reinsurance receivables |
|
52,558 |
46,766 |
67,795 |
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II. Other receivables |
|
916,653 |
835,119 |
695,198 |
|
III. Other assets |
|
50,690 |
50,432 |
43,383 |
|
|
|
1,019,902 |
932,317 |
806,377 |
|
J. Receivables from income tax |
40,348 |
54,077 |
51,253 | |
|
K. Deferred tax assets |
96,295 |
69,096 |
77,055 | |
|
L. Liquid funds |
|
797,658 |
567,853 |
647,133 |
|
Total assets |
|
27,392,735 |
25,598,461 |
25,556,720 |
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Equity and liabilities |
Notes |
31 Dec. 2009 |
31 Dec. 2008 |
1 Jan. 2008 |
|
A. Total equity |
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I. Shareholders' equity |
|
|
| |
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1. Subscribed capital and capital reserves |
|
540,681 |
390,681 |
206,305 |
|
2. Revenue reserves |
|
724,523 |
809,227 |
885,532 |
|
|
10,600 |
11,570 |
184,506 | |
|
4. Group total profit |
|
57,258 |
53,190 |
60,037 |
|
|
|
1,333,063 |
1,264,668 |
1,336,380 |
|
II. Minority interests in shareholders' equity |
231,720 |
194,108 |
195,843 | |
|
|
|
1,564,782 |
1,458,776 |
1,532,223 |
|
B. Subordinated liabilities |
575,000 |
580,544 |
575,000 | |
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C. Technical provisions |
|
|
|
|
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I. Provision for unearned premiums |
552,569 |
521,637 |
428,251 | |
|
II. Actuarial provision |
16,055,368 |
15,601,625 |
15,166,700 | |
|
III. Provision for outstanding claims |
2,299,943 |
2,175,342 |
2,161,560 | |
|
IV. Provision for profit-unrelated premium refunds |
47,588 |
46,135 |
48,231 | |
|
V. Provision for profit-related premium refunds, i.e. policyholder profit sharing |
196,565 |
–5,229 |
389,696 | |
|
VI. Other technical provisions |
|
47,677 |
49,452 |
38,492 |
|
|
19,199,710 |
18,388,962 |
18,232,930 | |
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D. Technical provisions for life insurance policies held on account and at risk of life insurance policyholders |
3,416,231 |
2,579,997 |
2,412,937 | |
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E. Financial liabilities |
|
|
|
|
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I. Liabilities from loans |
55,356 |
189,053 |
185,900 | |
|
II. Derivatives |
26,939 |
7,087 |
12,342 | |
|
|
|
82,295 |
196,140 |
198,242 |
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F. Other provisions |
|
|
|
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I. Pensions and similar provisions |
466,837 |
436,478 |
509,541 | |
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II. Other provisions |
192,327 |
207,919 |
194,272 | |
|
|
|
659,164 |
644,397 |
703,813 |
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G. Payables and other liabilities |
|
|
| |
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I. Reinsurance liabilities |
|
872,587 |
869,258 |
796,780 |
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II. Other payables |
|
650,881 |
567,129 |
720,778 |
|
III. Other liabilities |
|
10,854 |
11,122 |
9,483 |
|
|
|
1,534,321 |
1,447,509 |
1,527,041 |
|
H. Liabilities from income tax |
48,732 |
57,294 |
41,618 | |
|
I. Deferred tax liabilities |
312,499 |
244,841 |
332,916 | |
|
Total equity and liabilities |
|
27,392,735 |
25,598,461 |
25,556,720 |
In the year 2009, the following changes were made in the allocation and adjusted in the values as at 31 December 2008, as at 1 January 2008 and in the consolidated income statement:
Supplementary capital bonds were reclassified from item E.I.1. Variable yield securities available for sale to item E.II.2. Fixed interest securities available for sale (€845,407,000).
In accordance with the regulation of the financial market supervisory authority, the reporting of the hidden co-insurance (IWD) was adjusted, which resulted in movements between the items of the overall accounting and the reinsurance.
Based on the determination by the Swiss supervisory authority that a management contract previously held as an insurance contract poses no significant actuarial risk, the management fee for this transaction will now only be reported under other income (€14,000) starting in 2009. The premiums written and earned (€40,238,000), the insurance benefits (€38,929,000) as well as the operating expenses (€1,324,000) were therefore also adjusted by the specified amounts in the comparison numbers for 2008.
