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Consolidated balance sheet

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Liabilities	Note			31.12.2007	31.12.2006 ¹⁾
Figures in EUR million
A. Shareholders’ equity	16
a. Common shares		260			260
b. Reserves		3,522			3,238
c. Cumulative other comprehensive income (other reserves) of disposal groups		—			–3
Total shareholders’ equity excluding minorities			3,782		3,495
d. Minority interests		2,379			1,990
e. Minority interests in cumulative other comprehensive income (other reserves) of disposal groups		—			–3
Total minority interests			2,379		1,987
Total shareholders’ equity				6,161	5,482

B. Subordinated liabilities	17		2,168		2,170

C. Technical provisions
a. Unearned premium reserve	18	4,755			5,092
b. Benefit reserve	19	35,987			33,319
c. Loss and loss adjustment expense reserve	20	26,651			26,682
d. Provision for premium refunds	21	1,388			1,319
e. Other technical provisions		226			242
			69,007		66,654

D. Technical provisions in the area of life insurance insofar as the investment risk is borne by policyholders			4,314		3,468

E. Other provisions
a. Provision for pensions	22	1,251			1,241
b. Provision for taxes	23	725			511
c. Sundry provisions	24	582			546
			2,558		2,298

F. Liabilities
a. Notes payable and loans	25	600			74
b. Funds held under reinsurance treaties		4,733			5,418
c. Other liabilities	26	4,682			4,587
			10,015		10,079

G. Provision for deferred taxes	27		1,155		1,770

Total liabilities/provisions				89,217	86,439

H. Debts of disposal groups classified as held for sale				—	1,043

Total liabilities				95,378	92,964
¹⁾ Adjusted on the basis of IAS 8