Balance Sheet & Income Statements

Consolidated Balance Sheet as of December 31, 2017

Swipe to view more

Assets
12/31/2017 EUR mn
12/31/2016 EUR mn
Change
Cash and cash equivalents 17,119 14,463 18.4%
Financial assets carried at fair value through income 8,177 8,333 -1.9%
Investments 546,828 536,869 1.9%
Loans and advances to banks and customers 104,224 105,369 -1.1%
Financial assets for unit-linked contracts 119,141 111,325 7.0%
Reinsurance assets 16,375 15,562 5.2%
Deferred acquisition costs 23,184 24,887 -6.8%
Deferred tax assets 931 1,003 -7.2%
Other assets 37,731 38,050 -0.8%
Non-current assets and assets of disposal groups classified as held for sale 14,329 14,196 0.9%
Intangible assets 13,262 13,752 -3.6%
Total assets 901,300 883,809 2.0%

Swipe to view more

Liabilities and equity
12/31/2017
EUR mn
12/31/2016 EUR mn
Change
Financial liabilities carried at fair value through income   11,291 11,271 0.2%
Liabilities to banks and customers 12,746 13,038 -2.2%
Unearned premiums 21,442 21,360 0.4%
Reserves for loss and loss adjustment expenses 73,292 72,373 1.3%
Reserves for insurance and investment contracts 513,687 505,322 1.7%
Financial liabilities for unit-linked contracts 119,141 111,325 7.0%
Deferred tax liabilities 4,906 4,683 4.8%
Other liabilities 39,639 39,867 -0.6%
Liabilities of disposal groups classified as held for sale 13,662 13,290 2.8%
Certificated liabilities 9,596 7,615 26.0%
Subordinated liabilities 13,295 13,530 -1.7%
Total liabilities 832,698 813,674 2.3%
Shareholders' equity 65,553 67,083 -2.3%
Non-controlling interests 3,049 3,052 -0.1%
Total equity 68,602 70,135 -2.2%
Total liabilities and equity 901,300 883,809 2.0%

Consolidated Income Statements 2017

Swipe to view more

 
2017
EUR mn
2016
EUR mn
Change
Gross premiums written 77.345 76.331 1.3%
Ceded premiums written -4.912 -4.901 0.2%
Change in unearned premiums (net) -1.007 -1.073 -6.2%
Premiums earned (net) 71.427 70.357 1.5%
Interest and similar income 21.848 22.149 -1.4%
Income from financial assets and liabilities carried at fair value through income (net) -1.204 -850 41.7%
Realized gains/losses (net) 6.546 8.403 -22.1%
Fee and commission income 10.937 10.491 4.3%
Other income 36 100 -63.6%
Total income 109.590 110.649 -1.0%
Claims and insurance benefits incurred (gross) -56.644 -55.914 1.3%
Claims and insurance benefits incurred (ceded) 5.427 2.758 96.8%
Claims and insurance benefits incurred (net) -51.218 -53.156 -3.6%
Change in reserves for insurance and investment contracts (net) -14.427 -13.201 9.3%
Interest expenses -1.149 -1.207 -4.8%
Loan loss provisions -25 -46 -46.1%
Impairments of investments (net) -1.160 -1.940 -40.2%
Investment expenses -1.269 -1.306 -2.8%
Acquisition and administrative expenses (net) -25.702 -25.301 1.6%
Fee and commission expenses -3.857 -3.734 3.3%
Amortization of intangible assets -154 -154 0.1%
Restructuring changes -477 -186 157.0%
Other expenses -5 -5 3.8%
Total expenses -99.442 -100.236 -0.8
Income before income taxes 10.148 10.413 -2.5
Income taxes -2.941 -3.085 -4.7
Net income 7.207 7.329 -1.7
Net income attributable to:      
Non-controlling interests 404 367 10.0
Shareholders 6.803 6.962 -2.3

As of 12/31/2017

Note: Where past years' figures have been adjusted as a consequence of changes to accounting regulations or their application, these restatements are considered in the tables retroactively. Therefore the figures above may differ from the figures originally published in the Annual Reports and Interim Reports.