01 Gothaer Konzern_E_09_Umschl - Gothaer Allgemeine ...

Consolidated Financial Statements
Consolidated Statement of Comprehensive Income
I. Statement of income (recognized through profit or loss)
1. Premiums written
a) Gross 4,248.6 4,039.4
b) Reinsurers’ share 380.6 400.9
[26] 3,868.0 3,638.5
2. Change in unearned premiums
a) Gross –33.5 –52.0
b) Reinsurers’ share –10.6 –16.9
[26] –22.9 –35.1
3. Savings components
a) Gross 483.1 562.2
b) Reinsurers’ share 0.1 2.0
[26] 483.0 560.2
4. Net premiums earned [26] 3,362.1 3,043.2
5. Investment result [27] 671.4 711.6
of which: income from associated companies 21.6 22.4
6. Income from investments held for unit-linked
life insurance policies [27] 179.2 –368.5
7. Other income [28] 144.0 136.4
Total income 4,356.7 3,522.7
8. Policyholder benefits
a) Gross 3,598.6 2,678.9
b) Reinsurers’ share 215.3 242.7
[29] 3,383.3 2,436.2
9. Underwriting expenses
a) Gross 758.4 786.8
b) Reinsurers’ share 110.1 110.1
[30] 648.3 690.8
10. Other expenses [31] 259.4 254.3
Total expenses 4,291.0 3,381.3
11. Operating result 65.7 141.4
12. Financing expenses 25.1 30.9
13. Taxes on income [32] –35.7 45.8
14. Net profit for the year 76.3 64.7
of which attributable to shareholders of the parent company 74.6 62.1
of which attributable to minority interests
II. Other comprehensive income (recognized directly in equity)
1.7 2.6
15. Unrealized gains and losses on investments [33] 51.7 –169.0
III. Comprehensive income 128.0 –104.3
of which attributable to shareholders of the parent company 123.5 –105.1
of which attributable to minority interests 4.5 0.8
* Comparatives after restatement
€million
Notes 2009 2008*
96 Gothaer Group Annual Report 2009