01 Gothaer Konzern_E_09_Umschl - Gothaer Allgemeine ...

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01 Gothaer Konzern_E_09_Umschl - Gothaer Allgemeine ...

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Reserves for

unpaid claims

Reserves for unpaid

property/casualty

insurance claims

Consolidated Financial Statements

Breakdown by segment* €million

Property/

Casualty**

2009

Life Health

Gross 2,044.1 2,078.9 54.3 52.8 136.2 130.7 2,234.6 2,262.4

Reinsurers’

share 446.9 500.9 1.4 0.4 0.6 0.4 448.9 501.7

Net 1,597.2 1,578.0 52.9 52.4 135.6 130.3 1,785.7 1,760.7

* Figures based on full consolidation

** Including insurance portfolio of Gothaer Finanzholding AG

Gothaer Group Annual Report 2009 155

Total

2008 2009 2008 2009 2008 2009 2008

Developments in the financial year €million

2009 2008

Balance as of 1 Jan.

Gross 2,078.9 2,145.1

Reinsurers’ share 500.9 515.2

Net 1,578.0 1,629.9

Plus losses incurred (net)

Financial year 925.8 1,553.7

Previous year –49.4 –763.8

Total 876.4 789.9

Less claims paid (net)

Financial year 458.7 1,118.3

Previous year 394.6 –273.0

Total 853.3 845.3

Currency translation 0.2 –1.2

Other changes –4.1 4.7

Balance as of 31 Dec.

Net 1,597.2 1,578.0

Reinsurers’ share 446.9 500.9

Gross 2,044.1 2,078.9

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