|
Figures in € thousand |
31 Dec. 2011 |
31 Dec. 2010 |
|
Property and casualty |
|
|
|
Gross |
2,157,714 |
2,095,287 |
|
Reinsurers’ share |
–193,749 |
–223,336 |
|
|
1,963,965 |
1,871,952 |
|
Health |
|
|
|
Gross |
177,169 |
172,834 |
|
Reinsurers’ share |
–30 |
–555 |
|
|
177,139 |
172,279 |
|
Life |
|
|
|
Gross |
121,645 |
124,393 |
|
Reinsurers’ share |
–13,493 |
–16,084 |
|
|
108,152 |
108,309 |
|
In the consolidated financial statements |
|
|
|
Gross |
2,456,528 |
2,392,514 |
|
Reinsurers’ share |
–207,271 |
–239,975 |
|
Total (fully consolidated values) |
2,249,257 |
2,152,539 |
The provisions for outstanding claims developed in the property and casualty insurance as follows:
|
Figures in € thousand |
2011 |
2010 | ||
|
1. |
Provisions for outstanding claims as at 1 Jan. |
|
| |
|
|
a) |
Gross |
2,095,287 |
2,028,238 |
|
|
b) |
Reinsurers’ share |
–223,336 |
–281,334 |
|
|
c) |
1,871,952 |
1,746,904 | |
|
2. |
Plus (retained) claims expenditures |
|
| |
|
|
a) |
Losses of the current year |
1,703,383 |
1,760,000 |
|
|
b) |
Losses of the previous year |
–57,977 |
–60,022 |
|
|
c) |
Total |
1,645,405 |
1,699,977 |
|
3. |
Less (retained) losses paid |
|
| |
|
|
a) |
Losses of the current year |
–883,040 |
–946,201 |
|
|
b) |
Losses of the previous year |
–649,498 |
–620,472 |
|
|
c) |
Total |
–1,532,538 |
–1,566,673 |
|
4. |
Foreign currency translation |
–22,930 |
–8,920 | |
|
5. |
Change in consolidation scope |
0 |
0 | |
|
6. |
Other changes |
2,077 |
664 | |
|
7. |
Provisions for outstanding claims as at 31 Dec. |
|
| |
|
|
a) |
Gross |
2,157,714 |
2,095,287 |
|
|
b) |
Reinsurers’ share |
–193,749 |
–223,336 |
|
|
c) |
Retention |
1,963,965 |
1,871,952 |
|
Claims payments |
2006 |
2007 |
2008 |
2009 |
2010 |
2011 |
Total |
|
Figures in € thousand |
|
|
|
|
|
|
|
|
Financial year |
650,567 |
709,038 |
788,545 |
847,918 |
878,224 |
845,112 |
|
|
1 year later |
989,360 |
1,099,037 |
1,201,570 |
1,287,309 |
1,311,879 |
|
|
|
2 years later |
1,080,882 |
1,192,934 |
1,301,383 |
1,397,156 |
|
|
|
|
3 years later |
1,122,027 |
1,239,116 |
1,350,531 |
|
|
|
|
|
4 years later |
1,147,738 |
1,275,262 |
|
|
|
|
|
|
5 years later |
1,161,511 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated payments |
1,161,511 |
1,275,262 |
1,350,531 |
1,397,156 |
1,311,879 |
845,112 |
|
|
|
|
|
|
|
|
|
|
|
Estimated final claims payments |
1,235,978 |
1,369,063 |
1,474,621 |
1,592,720 |
1,607,330 |
1,580,721 |
|
|
Current balance sheet reserve |
74,467 |
93,800 |
124,090 |
195,565 |
295,451 |
735,609 |
1,518,981 |
|
|
|
|
|
|
|
|
|
|
Balance sheet reserve for the claims years 2005 and before |
|
|
|
|
|
|
450,445 |
|
|
|
|
|
|
|
|
1,969,427 |
|
Plus other reserve components (internal claims regulation costs, etc.) |
|
|
|
|
|
188,287 | |
|
Provisions for outstanding claims (gross) as at 31 Dec. 2011 |
|
|
|
|
|
|
2,157,714 |
