Group Annual Report 2022

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Consolidated income statement

Consolidated income statement

Notes

2022

2021

in EUR ‘000

 

 

 

Net earned premiums – retention

L

10,910,888

9,705,633

Premiums written – retention

 

11,176,967

9,878,594

Premiums written – gross

15

12,559,242

11,002,566

Premiums written – reinsurers´ share

 

-1,382,275

-1,123,972

Change in unearned premiums – retention

 

-266,079

-172,961

Change in unearned premiums – gross

 

-364,867

-179,621

Change in unearned premiums – reinsurers´ share

 

98,788

6,660

Financial result excl. result from shares in at equity consolidated companies

16

778,947

607,018

Income from investments

 

1,359,461

1,159,520

Expenses for investments and interest expenses

 

-580,514

-552,502

Result from shares in at equity consolidated companies

17

18,287

24,872

Other income

18

185,859

165,789

Expenses for claims and insurance benefits – retention

19

-7,912,036

-7,136,561

Acquisition and administrative expenses

20

-2,930,465

-2,536,828

Other expenses

18

-421,480

-317,902

Business operating result

 

630,000

512,021

Impairments of goodwill

 

-26,361

0

Impairments of intangible assets excluding goodwill

 

-41,217

-688

Result before taxes

 

562,422

511,333

Taxes

21

-98,131

-123,339

Result for the period

 

464,291

387,994

thereof attributable to shareholders

 

465,941

375,730

thereof Non-controlling interests

 

-1,650

12,264

 

 

 

 

Earnings per share* (in EUR)

22

3.58

2.94

*

The calculation of these figures considers the interest expenses for hybrid capital. The undiluted earnings per share equals the diluted earnings per share.