Consolidated income statement

Consolidated income statement
in EUR '000

Notes

2019

2018

*

The calculation of these figures in the previous year includes the proportional interest expenses for hybrid capital. The undiluted result per share equals the diluted result per share (in EUR).

Net earned premiums – retention

M

9,317,929

8,729,362

Premiums written – retention

 

9,420,712

8,811,079

Premiums written – gross

15

10,399,407

9,657,319

Premiums written – reinsurers' share

 

-978,695

-846,240

Change in unearned premiums – retention

 

-102,783

-81,717

Change in unearned premiums – gross

 

-136,790

-104,955

Change in unearned premiums – reinsurers' share

 

34,007

23,238

Financial result excl. result from at equity consolidated companies

16

986,766

1,003,025

Income from investments

 

1,593,201

1,638,418

Expenses for investments and interest expenses

 

-606,435

-635,393

Result from shares in at equity consolidated companies

17

24,074

34,453

Other income

18

193,203

131,493

Expenses for claims and insurance benefits – retention

19, N

-7,262,744

-6,947,007

Acquisition and administrative expenses

20, O

-2,293,226

-2,140,693

Other expenses

18

-444,433

-325,204

Result before taxes

 

521,569

485,429

Taxes

21

-108,481

-117,477

Result of the period

 

413,088

367,952

thereof attributable to shareholders

 

331,277

268,924

thereof other non-controlling interests

 

13,698

7,560

thereof non-controlling interests in non-profit societies

 

68,113

91,468

 

 

 

 

Earnings Result per share* (in EUR)

9

2.59

2.04

 

 

 

 

Result of the period (carryforward)

 

413,088

367,952