Erste Bank JPMorgan Merrill Lynch International

CONSOLIDATED INCOME STATEMENT FOR THE PERIOD FROM 1 JANUARY 2007 TO
31 DECEMBER 2007
in EUR ’000
Notes 2007 2006
Premiums ......................................... 27
Premiums written — Gross ........................ 6,911,931 5,881,510
Premiums written — Reinsurers’ share. . . . . . . . . . . . . . . . . �843,335 �792,859
Premiums written — Retention ..................... 6,068,596 5,088,651
Change due to provisions for premiums — Gross. . . . . . . . .
Change due to provisions for premiums — Reinsurers’
�139,443 �59,528
share . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,540 9,555
Net earned premiums ............................ 5,941,693 5,038,678
Financial Result .................................... 29
Investment income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,439,900 1,046,583
Investment and interest expenses . . . . . . . . . . . . . . . . . . . . �444,126 �335,135
Total financial result ............................. 995,774 711,448
Other income ...................................... 30 51,960 61,412
Claims and insurance benefits. ........................ 31
Expenses for claims and insurance benefits — Gross . . . . .
Expenses for claims and insurance benefits — Reinsurers’
�5,523,539 �4,661,011
share . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 492,032 447,691
Total expenses for claims and insurance benefits ...... �5,031,507 �4,213,320
Operating expenses ................................. 32
Commission and other acquisition expenses . . . . . . . . . . . . �1,194,072 �1,026,090
Administrative expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . �334,223 �293,798
Reinsurance commissions . . . . . . . . . . . . . . . . . . . . . . . . . . 183,185 183,488
Total operating expenses ......................... �1,345,110 �1,136,400
Other expenses .....................................
Result from shares in affiliated and associated
33 �182,384 �145,852
companies ................................... 28 6,870 5,001
Profit before taxes .................................. 437,296 320,967
Tax expenses ...................................... 34 �88,425 �56,646
Profit for the period ................................. 348,871 264,321
Attributable to Wiener Städtische shareholders. . . . . . . . . . . 312,618 260,902
Minority interests in net income for the period . . . . . . . . . . . 13 36,253 3,419
Earnings per Share . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
basic = diluted earnings per share (in EUR) . . . . . . . . . . . . . 2.98 2.48
F-5