Consolidated income statement

Consolidated income statement
in EUR '000

Notes

2020

2019

Net earned premiums – retention

L

9,336,585

9,317,929

Premiums written – retention

 

9,415,844

9,420,712

Premiums written – gross

15

10,428,454

10,399,407

Premiums written – reinsurers´ share

 

-1,012,610

-978,695

Change in unearned premiums – retention

 

-79,259

-102,783

Change in unearned premiums – gross

 

-86,110

-136,790

Change in unearned premiums – reinsurers´ share

 

6,851

34,007

Financial result excl. result from shares in at equity consolidated companies

16

624,791

986,766

Income from investments

 

1,263,789

1,593,201

Expenses for investments and interest expenses

 

-638,998

-606,435

Result from shares in at equity consolidated companies

17

-28,510

24,074

Other income

18

145,661

193,203

Expenses for claims and insurance benefits – retention

19, M

-7,030,569

-7,262,744

Acquisition and administrative expenses

20, N

-2,328,479

-2,293,226

Other expenses

18

-373,617

-444,433

Result before taxes

 

345,862

521,569

Taxes

21

-103,194

-108,481

Result of the period

 

242,668

413,088

thereof attributable to shareholders

 

231,513

331,277

thereof other non-controlling interests

 

11,155

13,698

thereof non-controlling interests in non-profit societies

 

0

68,113

 

 

 

 

Earnings per share* (in EUR)

8

1.81

2.59

 

 

 

 

Result of the period (carryforward)

 

242,668

413,088

*

The undiluted earnings per share equals the diluted earnings per share (in EUR).