Erste Bank JPMorgan Merrill Lynch International

17. RESERVE FOR OUTSTANDING CLAIMS
Detail
in EUR ’000
31.12.2005 31.12.2004
Property/Casualty insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,192,231 1,837,657
Life insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 73,319 54,165
Health insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41,722 41,633
Total ....................................................... 2,307,272 1,933,455
Changes to Reserve for outstanding claims
in Property/Casualty Insurance
in EUR ’000
31.12.2005 31.12.2004
Book value as of 31 Dec. of preceding year . . . . . . . . . . . . . . . . . . . . . . . 1,837,657 1,755,341
Claim expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,686,628 1,292,594
Loss payments and claim processing expenses . . . . . . . . . . . . . . . . . . . . �1,344,293 �1,210,446
Currency conversion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 306 168
Other changes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,933 0
Book Value as of 31 Dec. 2005 ............................... 2,192,231 1,837,657
A detailed presentation of the gross loss reserve is to be found in the section “Risk Overview,”
under the heading with the same name.
18. RESERVE FOR REFUND OF PREMIUMS
Detail
in EUR ’000
31.12.2005 31.12.2004
Property/Casualty insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17,104 18,103
Life insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 709,976 460,827
Health insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17,531 17,846
Total ........................................................ 744,611 496,776
including accrued profit sharing: Life insurance . . . . . . . . . . . . . . . . . . . . . . . 497,092 285,543
Changes (Life Insurance)
in EUR ’000
31.12.2005 31.12.2004
Reserve for return of premiums — Status as of 1.1. . . . . . . . . . . . . . . . . . . . . 175,284 176,634
Rate difference . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 625 576
Amounts added / released . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 113,416 75,489
Transfer to actuarial reserve . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �76,441 �77,415
Total ........................................................ 212,884 175,284
Deferred profit sharing — Status as of 1.1. . . . . . . . . . . . . . . . . . . . . . . . . . . . 285,543 57,015
Rate difference . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 480 328
Unrealised gains/losses from securities available for sale . . . . . . . . . . . . . . . . . 203,922 209,201
Revaluations recognised as income or expenses . . . . . . . . . . . . . . . . . . . . . . . 7,147 18,999
Book Value 31.12. ............................................. 709,976 460,827
19. OTHER UNDERWRITING PROVISIONS
Detail
in EUR ’000
31.12.2005 31.12.2004
Property/Casualty insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,009 9,850
Life insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,633 2,323
Health insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 597 554
Total ........................................................ 15,239 12,727
Other underwriting provisions relate chiefly to provision for anticipated lapses.
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