Consolidated balance sheet

Assets
in EUR ‘000

Notes

31.12.2020

31.12.2019

Intangible assets

1, A

1,733,077

1,939,579

Right-of-Use Assets

 

185,354

197,656

Investments

2, B

34,901,186

34,455,740

Property

 

2,507,413

2,414,258

Owner-occupied property

 

477,469

488,701

Investment property

 

2,029,944

1,925,557

Shares in at equity consolidated companies

 

291,561

321,276

Financial assets

 

32,102,212

31,720,206

Financial investments for unit-linked and index-linked life insurance

3, C

7,968,039

8,620,327

Reinsurers’ share in underwriting provisions

4, D

1,396,492

1,283,434

Receivables

5, E

1,699,159

1,717,349

Tax receivables and advance payments out of income tax

F

275,041

226,845

Deferred tax assets

6, F

136,728

68,725

Other assets

7, G

387,845

391,911

Cash and cash equivalents

 

1,745,147

1,443,358

Total

 

50,428,068

50,344,924

 

 

 

 

Liabilities and shareholdersʾ equity
in EUR '000

Notes

31.12.2020

31.12.2019

Shareholders' equity

8

5,285,766

5,190,693

Share capital and reserves

 

5,162,738

5,074,114

Other non-controlling interests

 

123,028

116,579

Subordinated liabilities

9, K

1,463,909

1,464,597

Underwriting provisions

10, H

32,230,055

31,886,076

Underwriting provisions for unit-linked and index-linked life insurance

11, I

7,617,216

8,115,999

Non-underwriting provisions

12, J

876,809

931,559

Liabilities

13, K

2,254,306

2,094,572

Tax liabilities out of income tax

F

290,998

250,889

Deferred tax liabilities

6, F

267,870

262,202

Other liabilities

 

141,139

148,337

Total

 

50,428,068

50,344,924

The references (numbers and letters) shown for individual items in the consolidated balance sheet and consolidated income statement refer, among other things, to detailed disclosures for those items in the notes to the consolidated financial statements. The numbers refer to the detailed disclosures in the “Notes to the consolidated balance sheet” starting on page 131. The letters refer to the explanatory text in the section titled “Accounting policies” starting on page 82.