Consolidated statement of income for the 2008 financial year

Table in Excel format

Note

2008

2007 1)

Figures in EUR million

1. Gross written premium including premium from
unit-linked life and annuity insurance

19,005

19,130

2. Savings elements of premium from unit-linked
life and annuity insurance

1,081

944

3. Ceded written premium

2,711

3,278

4. Change in gross unearned premium

–184

181

5. Change in ceded unearned premium

114

194

Net premium earned

28

14,915

14,895

6. Investment income

29

a. Income from investments

4,347

3,385

b. Expenses for investments

2,737

683

1,610

2,702

thereof profit/loss from investments in associated companies

3

11

7. Other income

32

998

1,204

Total income

17,523

18,801

8. Claims and claims expenses (gross)

30

13,607

14,855

Reinsurers’ share

1,781

2,725

Claims and claims expenses (net)

11,826

12,130

9. Acquisition costs and administrative expenses (gross)

31

4,102

4,194

Reinsurers’ share

545

760

Acquisition costs and administrative expenses (net)

3,557

3,434

10. Other expenses

32

1,401

1,597

Total expenses

16,784

17,161

Profit before amortization of insurance-related intangible assets and goodwill impairments

739

1,640

11. Amortization of insurance-related intangible assets and
goodwill impairments

33

121

178

Operating profit/loss (EBIT)

618

1,462

12. Financing costs

156

134

13. Taxes on income

34

341

329

Net income

121

999

thereof minority interest in profit or loss

–66

522
thereof Group net income 187 477

1) Adjusted on the basis of IAS