8. Investment property
In € thousand |
Total |
At 1 January 2015 |
2,109,251 |
Currency translation |
–10,513 |
Change in basis of consolidation |
6,984 |
Additions |
21,030 |
Disposals |
–111,671 |
Reclassifications |
5,197 |
At 31 December 2015 |
2,020,279 |
At 1 January 2016 |
2,020,279 |
Currency translation |
–1,926 |
Change in basis of consolidation |
–166 |
Additions |
15,702 |
Disposals |
–15,262 |
Reclassifications |
–1,422 |
Reclassifications held for sale |
–2,432 |
At 31 December 2016 |
2,014,772 |
In € thousand |
Total |
At 1 January 2015 |
–604,769 |
Currency translation |
4,036 |
Additions from amortisation |
–57,590 |
Additions from impairment |
–9,038 |
Disposals |
40,911 |
Reclassifications |
–1,108 |
Reversal of impairment |
–132 |
At 31 December 2015 |
–627,689 |
At 1 January 2016 |
–627,689 |
Currency translation |
842 |
Change in basis of consolidation |
128 |
Additions from amortisation |
–43,687 |
Additions from impairment |
–144 |
Disposals |
6,379 |
Reclassifications |
–1,683 |
Reclassifications held for sale |
1,078 |
At 31 December 2016 |
–664,776 |
In € thousand |
Total |
At 1 January 2015 |
1,504,483 |
At 31 December 2015 |
1,392,590 |
At 31 December 2016 |
1,349,996 |
The fair values of the investment property are derived from expert reports.
In € thousand |
Property and casualty insurance |
Health insurance |
Life insurance |
Total |
At 31 December 2015 |
383,185 |
511,614 |
1,290,594 |
2,185,392 |
At 31 December 2016 |
471,847 |
533,945 |
1,242,487 |
2,248,279 |
The increase in the fair values of investment properties primarily affected properties in Austria. Reference is made to the statements in the section “Use of discretionary decisions and estimates” for a description of the measurement procedures applied.