Segment reporting

Consolidated statement of financial position – classified by business line

In € thousand	Property and casualty insurance		Health insurance		Life insurance		Consolidation		Group
In € thousand	31/12/2020	31/12/2019 adjusted	31/12/2020	31/12/2019 adjusted	31/12/2020	31/12/2019 adjusted	31/12/2020	31/12/2019	31/12/2020	31/12/2019 adjusted
Assets
Property, plant and equipment	192,969	192,493	36,906	37,855	134,863	121,432	0	0	364,739	351,780
Intangible assets	683,508	627,415	294,903	281,368	1,120,382	722,793	–25	–45,060	2,098,769	1,586,516
Investments
Investment property	196,515	214,693	235,293	242,077	787,405	680,674	0	0	1,219,213	1,137,444
Financial assets accounted for using the equity method	81,270	72,436	230,391	220,089	366,260	349,889	0	0	677,921	642,414
Other investments	5,682,319	4,864,151	3,874,305	3,554,843	11,493,995	10,976,431	–628,512	–550,486	20,422,107	18,844,939
Unit-linked and index-linked life insurance investments	0	0	0	0	5,218,124	4,680,403	0	0	5,218,124	4,680,403
Reinsurers’ share of technical provisions	389,131	219,739	1,141	1,591	124,028	128,644	–31	49	514,268	350,022
Reinsurers’ share of technical provisions for unit-linked and index-linked life insurance	0	0	0	0	131	113	0	0	131	113
Receivables, including insurance receivables	483,558	238,194	311,762	357,724	208,767	160,986	–319,837	–210,244	684,249	546,659
Income tax receivables	46,406	42,759	1,821	1,596	10,903	4,305	0	0	59,130	48,660
Deferred tax assets	3,693	1,803	0	0	4,901	3,434	0	0	8,594	5,237
Cash and cash equivalents	266,613	280,748	164,526	71,129	209,574	127,745	0	0	640,713	479,621
Total assets by business line	8,025,983	6,754,431	5,151,047	4,768,272	19,679,332	17,956,847	–948,405	–805,742	31,907,957	28,673,809

Liabilities
Subordinated liabilities	1,069,920	870,110	0	0	419,258	410,741	–419,258	–410,741	1,069,920	870,110
Technical provisions	4,122,722	3,295,437	3,623,875	3,435,554	11,450,699	11,071,340	–1,554	–14,431	19,195,742	17,787,900
Technical provisions for unit-linked and index-linked life insurance	0	0	0	0	5,115,506	4,646,152	0	0	5,115,506	4,646,152
Financial liabilities	715,976	94,009	29,461	31,674	91,574	49,363	–143,444	–99,530	693,566	75,516
Other provisions	395,230	356,183	408,517	313,899	45,468	17,133	–1,980	–1,505	847,235	685,709
Liabilities and other items classified as liabilities	694,209	655,029	241,173	101,640	441,129	325,767	–382,290	–279,341	994,221	803,095
Income tax liabilities	63,214	55,336	6,598	3,612	23,239	1,722	0	0	93,051	60,669
Deferred tax liabilities	61,344	74,547	156,837	130,314	205,703	152,678	0	0	423,884	357,539
Total liabilities by business line	7,122,614	5,400,650	4,466,461	4,016,693	17,792,575	16,674,896	–948,525	–805,549	28,433,125	25,286,690

					Consolidated equity and non-controlling interests				3,474,832	3,387,119

						Total equity and liabilities			31,907,957	28,673,809

The amounts indicated for each business line have been adjusted to eliminate amounts resulting from internal transactions. Therefore, the balance of business line assets and business line liabilities does not allow conclusions to be drawn with regard to the equity allocated to the respective segment.

Equity method

Investment in associates is accounted for using this method. The value carried corresponds to the Group’s proportional equity in these companies. In the case of shares in companies that prepare their own consolidated financial statements, their Group equity is assessed accordingly in each case. Within the scope of ongoing measurement, this value must be updated to incorporate proportional changes in equity with the share of net income/(loss) being allocated to consolidated profit/(loss).

Subordinated liabilities

Liabilities that can only be repaid following the rest of the liabilities in the event of liquidation or bankruptcy.

Non-controlling interests

Shares in the profit/(loss) that are not attributable to the Group but rather to companies outside the Group that hold shares in affiliated companies.