Consolidated statement of income for the 2007 financial year
|
Note |
2007 |
2006 1) |
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|
Figures in EUR million |
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|
1. Gross written premium including premium from unit-linked life and annuity insurance |
19,130 |
19,368 |
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|
2. Savings elements of premium from unit-linked life |
944 |
718 |
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|
3. Ceded written premium |
3,278 |
3,545 |
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|
4. Change in gross unearned premium |
181 |
153 |
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|
5. Change in ceded unearned premium |
194 |
239 |
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|
Net premium earned |
28 |
|
|
14,895 |
15,019 |
|
6. Investment income |
29 |
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|
a. Income from investments |
3,385 |
3,092 |
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|
b. Expenses for investments |
683 |
576 |
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|
2,702 |
2,516 |
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|
thereof profit/loss from investments in associated companies |
11 |
5 |
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|
7. Other income |
32 |
1,204 |
706 |
||
|
Total income |
|
|
|
18,801 |
18,241 |
|
8. Claims and claims expenses (gross) |
30 |
14,855 |
13,264 |
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|
Reinsurers’ share |
2,725 |
1,398 |
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|
Claims and claims expenses (net) |
|
12,130 |
|
11,866 |
|
|
9. Acquisition costs and administrative expenses (gross) |
31 |
4,194 |
4,143 |
||
|
Reinsurers’ share |
760 |
615 |
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|
Acquisition costs and administrative expenses (net) |
|
|
3,434 |
|
3,528 |
|
10. Other expenses |
32 |
1,608 |
1,483 |
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|
Total expenses |
|
|
|
17,172 |
16,877 |
| Profit before amortization of insurance-related intangible assets and goodwill impairments |
|
|
|
1,629 |
1,364 |
|
11. Amortization of insurance-related intangible assets and goodwill impairments |
33 |
178 |
78 |
||
|
Operating profit/loss (EBIT) |
|
|
|
1,451 |
1,286 |
|
12. Interest on hybrid capital |
123 |
121 |
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|
13. Taxes on income |
34 |
329 |
438 |
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|
Net income |
|
|
|
999 |
727 |
|
thereof minority interest in profit or loss |
522 |
333 |
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|
thereof Group net income |
477 |
394 |
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|
|
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