Development of the Group segments

The business operations of the Group segments remain unchanged: as in the previous years, the activities of the Talanx Group continue to encompass the same five Group segments. Whereas in the previous year several companies had been reallocated to different Group segments as a consequence of alignment with the management approach required by IFRS, only one allocation changed in the year under review: the Luxembourg-based Euro International Reinsurance S.A. was reclassified from the Primary/Casualty Primary Insurance segment to the Non-Life Reinsurance segment.

circle diagram:: Segmental breakdown of gross premium

The significant additions to the Talanx Group in 2008 were the Ukrainian property/casualty insurer HDI Strakhuvannya and the Chilean company HDI Seguros S.A.

The figures presented below for individual companies were determined in accordance with IFRS after consolidation within the relevant Group segment.