01 Gothaer Konzern_E_09_Umschl - Gothaer Allgemeine ...

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01 Gothaer Konzern_E_09_Umschl - Gothaer Allgemeine ...

Other underwriting

reserves (net)

Consolidated Financial Statements

Breakdown by segment (financial year)* €million

Property/

Casualty**

Life Health

Gothaer Group Annual Report 2009 157

2009

Reserve for premium refunds 12.0 990.9 770.6 1,773.5

Miscellaneous other 16.1 0.7 0.0 16.8

Total 28.1 991.6 770.6 1,790.3

Breakdown by segment (previous year)* €million

2008

Property/

Casualty**

* Figures based on full consolidation

**Including insurance portfolio of Gothaer Finanzholding AG

Life Health

Reserve for premium refunds 12.2 864.9 702.1 1,579.2

Miscellaneous other 14.7 0.9 0.0 15.6

Total 26.9 865.8 702.1 1,594.8

Breakdown by segment (opening balance sheet)* €million

Opening balance sheet 2008

Property/

Casualty**

Life Health

Reserve for premium refunds 10.9 1,536.2 779.2 2,326.3

Miscellaneous other 7.8 2.7 0.0 10.5

Total 18.7 1,538.9 779.2 2,336.8

Reserves for premium refunds (bonus reserve) include on the one hand the performancerelated

and non-performance-related amounts credited to policyholders in compliance

with national or regulatory requirements, legal provisions or contractual conditions; on the

other hand, they also include the deferred premium refunds resulting from differences in

assets and liabilities between the German Commercial Code (HGB) and IFRS. In accounting

for deferred premium refunds, care is taken to ensure that they are no less – at each

legal entity – than the appropriated reserves for premium refunds.

Total

Total

Total

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