4. Net investment income
In € thousand |
Property and casualty insurance |
Health insurance |
Life insurance |
Total |
||||
|---|---|---|---|---|---|---|---|---|
1–12/ |
1–12/ |
1–12/ |
1–12/ |
1–12/ |
1–12/ |
1–12/ |
1–12/ |
|
Investment property |
–2,873 |
–4,806 |
7,157 |
7,762 |
54,400 |
37,306 |
58,684 |
40,263 |
Financial assets accounted for using the equity method |
11,703 |
10,525 |
26,799 |
21,307 |
42,585 |
33,858 |
81,087 |
65,689 |
Variable-income securities |
24,419 |
–17,782 |
98,274 |
10,067 |
3,654 |
5,781 |
126,346 |
–1,934 |
Available for sale |
–2,796 |
–17,757 |
98,009 |
9,565 |
3,781 |
5,897 |
98,994 |
–2,295 |
At fair value through profit or loss |
27,215 |
–25 |
264 |
502 |
–127 |
–116 |
27,352 |
361 |
Fixed-income securities |
147,162 |
53,207 |
45,365 |
70,586 |
242,656 |
281,809 |
435,182 |
405,602 |
Available for sale |
147,892 |
48,751 |
46,500 |
65,790 |
242,434 |
281,747 |
436,826 |
396,288 |
At fair value through profit or loss |
–730 |
4,456 |
–1,135 |
4,796 |
222 |
62 |
–1,643 |
9,314 |
Loans and other investments |
4,065 |
2,283 |
2,322 |
1,133 |
19,048 |
23,940 |
25,434 |
27,356 |
Loans |
645 |
816 |
1,567 |
1,327 |
3,908 |
4,808 |
6,120 |
6,951 |
Other investments |
3,420 |
1,467 |
755 |
–194 |
15,139 |
19,132 |
19,314 |
20,405 |
Derivative financial instruments |
–23,606 |
8,910 |
–8,717 |
1,851 |
662 |
–169 |
–31,661 |
10,591 |
Investment administration expenses, interest paid and other investment expenses |
–25,674 |
–22,790 |
–8,075 |
–8,163 |
–13,373 |
–11,204 |
–47,122 |
–42,158 |
Total |
135,195 |
29,547 |
163,124 |
104,542 |
349,632 |
371,321 |
647,951 |
505,409 |
|
|
|
|
|
|
|
|
|
Of which: |
|
|
|
|
|
|
|
|
Current income/expenses |
113,945 |
108,512 |
98,338 |
93,794 |
308,957 |
316,712 |
521,241 |
519,018 |
Gains/losses from disposals and changes in value |
21,250 |
–78,965 |
64,786 |
10,748 |
40,674 |
54,609 |
126,710 |
–13,609 |
Impairments |
–3,810 |
–35,121 |
–4,950 |
–29,698 |
–9,025 |
–5,951 |
–17,784 |
–70,770 |
In € thousand |
Current income/expenses |
Gains/losses from disposals and changes in value |
Total |
of which impairment |
||||||
|---|---|---|---|---|---|---|---|---|---|---|
1–12/ |
1–12/ |
1–12/ |
1–12/ |
1–12/ |
1–12/ |
1–12/ |
1–12/ |
|||
Financial assets at fair value through profit or loss |
864 |
14,378 |
–6,816 |
5,889 |
–5,952 |
20,266 |
0 |
0 |
||
Variable-income securities (within the framework of fair value option) |
537 |
760 |
26,816 |
–399 |
27,352 |
361 |
0 |
0 |
||
Fixed-income securities (within the framework of fair value option) |
408 |
1,095 |
–2,052 |
8,219 |
–1,643 |
9,314 |
0 |
0 |
||
Derivative financial instruments |
–81 |
12,523 |
–31,580 |
–1,931 |
–31,661 |
10,591 |
0 |
0 |
||
Investments under investment contracts1) |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
||
Available-for-sale financial assets |
386,874 |
375,078 |
148,946 |
18,915 |
535,820 |
393,993 |
–10,579 |
–61,311 |
||
Variable-income securities |
37,719 |
29,053 |
61,275 |
–31,348 |
98,994 |
–2,295 |
–10,549 |
–44,439 |
||
Fixed-income securities |
349,155 |
346,025 |
87,671 |
50,263 |
436,826 |
396,288 |
–30 |
–16,872 |
||
Loans and receivables |
24,942 |
30,157 |
493 |
–2,801 |
25,434 |
27,356 |
0 |
0 |
||
Fixed-income securities |
2,667 |
3,724 |
–2 |
–26 |
2,665 |
3,698 |
0 |
0 |
||
Loans and other investments |
22,275 |
26,432 |
495 |
–2,775 |
22,770 |
23,658 |
0 |
0 |
||
Investment property |
74,596 |
74,723 |
–15,912 |
–34,460 |
58,684 |
40,263 |
–7,206 |
–9,459 |
||
Financial assets accounted for using the equity method |
81,087 |
66,840 |
0 |
–1,151 |
81,087 |
65,689 |
0 |
0 |
||
|
|
|
|
|
|
|
|
|
||
Investment administration expenses, interest paid and other investment expenses |
–47,122 |
–42,158 |
0 |
0 |
–47,122 |
–42,158 |
0 |
0 |
||
Total |
521,241 |
519,018 |
126,710 |
–13,609 |
647,951 |
505,409 |
–17,784 |
–70,770 |
||
|
||||||||||
In € thousand |
1–12/2021 |
1–12/2020 |
|---|---|---|
Current income/expenses from investment property |
|
|
Rent revenue |
99,234 |
99,575 |
Operational expenses |
–24,637 |
–24,851 |
Currency gains/losses |
|
|
Currency gains |
68,029 |
90,345 |
Currency losses |
–76,798 |
–106,091 |
Profit from currency gains/losses |
–8,769 |
–15,746 |
Positive currency effects from investments amounting to €10,116 thousand (2020: negative currency effects amounting to €8,547 thousand) were recognised directly in equity.
In € thousand |
1–12/2021 |
1–12/2020 |
|---|---|---|
Financial assets at fair value through profit or loss |
|
|
Recognised in profit/(loss) for the period |
–5,952 |
20,266 |
Available-for-sale financial assets |
|
|
Recognised in profit/(loss) for the period |
535,820 |
393,993 |
of which reclassified from equity to consolidated income statement |
–142,878 |
–68,659 |
Recognised in other comprehensive income |
–1,161,536 |
563,452 |
Net income |
–625,716 |
957,445 |
Loans and receivables |
|
|
Recognised in profit/(loss) for the period |
25,434 |
27,356 |
Financial liabilities measured at amortised cost |
|
|
Recognised in profit/(loss) for the period |
–134,762 |
–64,758 |