|
Figures in € thousand |
31 Dec. 2011 |
31 Dec. 2010 |
|
Property and casualty |
|
|
|
Gross |
39,302 |
38,784 |
|
Reinsurers’ share |
–4 |
–33 |
|
|
39,298 |
38,751 |
|
Health |
|
|
|
Gross |
80,759 |
66,671 |
|
Reinsurers’ share |
0 |
0 |
|
|
80,759 |
66,671 |
|
Life |
|
|
|
Gross |
–60,742 |
113,929 |
|
Reinsurers’ share |
0 |
0 |
|
|
–60,742 |
113,929 |
|
In the consolidated financial statements |
|
|
|
Gross |
59,319 |
219,383 |
|
Reinsurers’ share |
–4 |
–33 |
|
Total (fully consolidated values) |
59,315 |
219,351 |
|
of which profit-unrelated (retention) |
51,529 |
49,439 |
|
of which profit-related (retention) |
7,786 |
169,912 |
|
Gross |
31 Dec. 2011 |
31 Dec. 2010 | |
|
Figures in € thousand |
|
| |
|
a) |
Provision for profit-unrelated premium refunds |
51,533 |
49,472 |
|
|
of which property and casualty insurance |
32,185 |
31,024 |
|
|
of which health insurance |
17,264 |
16,578 |
|
|
of which life insurance |
2,084 |
1,869 |
|
|
|
|
|
|
b) |
Provision for profit-related premium refunds and / or policyholder profit participation |
185,944 |
217,463 |
|
|
of which property and casualty insurance |
7,117 |
7,760 |
|
|
of which health insurance |
55,242 |
44,876 |
|
|
of which life insurance |
123,585 |
164,827 |
|
|
|
|
|
|
|
Deferred profit participation |
–178,158 |
–47,551 |
|
|
of which health insurance |
8,253 |
5,217 |
|
|
of which life insurance |
–186,411 |
–52,767 |
|
Total (fully consolidated values) |
59,319 |
219,383 | |
|
Gross |
2011 |
2010 | |
|
Figures in € thousand |
|
| |
|
a) |
Provision for profit-unrelated premium refunds, profit-related premium refunds and policyholder profit participation |
|
|
|
|
As at 1 Jan. |
266,934 |
234,866 |
|
|
Changes due to: |
|
|
|
|
Other changes |
–29,457 |
32,069 |
|
As at 31 Dec. |
237,477 |
266,934 | |
|
|
|
|
|
|
b) |
Deferred profit participation |
|
|
|
|
As at 1 Jan. |
–47,551 |
9,287 |
|
|
Changes due to: |
|
|
|
|
fluctuation in value, securities available for sale |
–6,645 |
–105,922 |
|
|
actuarial gains and losses on defined benefit plans |
–451 |
–8,712 |
|
|
revaluations affecting income |
–123,511 |
57,796 |
|
As at 31 Dec. |
–178,158 |
–47,551 | |
The deferred profit participation was an asset item for the years 2011 und 2010. Based on the business model used in life insurance and the management rules applied in the Group, this asset item will be reduced over the term of the policy. The appropriateness of the entire technical liability will also be regularly checked under a discounted cash flow model (“liability adequacy test”).
The change that took place during the financial year due to the revaluations affecting income resulted mainly from capital gains that were realised in accordance with local law, and were then eliminated in the Group as a temporary result.
