talanx group annual report 2011 en

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122 Talanx Group. Annual Report 2011
Nature of risks Notes on the consolidated balance sheet – assets Notes on the consolidated balance sheet – liabilities 124 Consolidated balance sheet 126 Consolidated statement of income 127 Consolidated statement of comprehensive income 128 Consolidated statement of changes in equity 129 Consolidated cash flow statement 130 Notes on the consolidated cash flow statement 131 General information 132 General accounting principles and application of International Financial Reporting Standards (IFRS) 136 Accounting policies 158 Segment reporting 168 Consolidation 178 Business combinations 182 Non-current assets held for sale and disposal groups 186 Nature of risks associated with insurance contracts and financial instruments 209 Notes on the consolidated balance sheet – assets 209 (1) Goodwill 213 (2) Other intangible assets 216 (3) Investment property 217 (4) Investments in affiliated companies and participating interests 217 (5) Investments in associated companies 218 (6) Loans and receivables 219 (7) Financial assets held to maturity 221 (8) Financial assets available for sale 223 (9) Financial assets at fair value through profit or loss 225 (10) Other invested assets 226 (11) Fair value hierarchy 231 (12) Derivative financial instruments and hedge accounting 235 (13) Accounts receivable on insurance business 235 (14) Deferred acquisition costs 236 (15) Other assets Notes on the consolidated statement of income Consolidated financial statement. Index 123 131 Notes Consolidated financial statement 238 258 Other information List of shareholdings Notes on the consolidated balance sheet – liabilities 238 (16) Shareholders’ equity 241 (17) Subordinated liabilities 243 (18) Unearned premium reserve 243 (19) Benefit reserve 244 (20) Losses and adjustment expenses reserve 248 (21) Provision for premium refunds 249 (22) Provisions for pensions and similar obligations 253 (23) Provisions for taxes 254 (24) Sundry provisions 255 (25) Notes payable and loans 256 (26) Other liabilities 257 (27) Deferred tax assets and liabilities Notes on the consolidated statement of income 258 (28) Net premium earned 259 (29) Net investment income 264 (30) Claims and claims expenses 266 (31) Acquisition costs and administrative expenses 268 (32) Other income/expenses 269 (33) Goodwill impairments 269 (34) Financing costs 270 (35) Income tax 273 Other information 273 Staff and expenditures on personnel 274 Related-party disclosures 275 Share-based payment 282 Lawsuits 283 Contingent liabilities and other financial commitments 284 Rents and leases 285 Remuneration of the management boards of the parent company 286 Fee paid to the auditor 286 Declaration of conformity pursuant to § 161 German Stock Corporation Act (AktG) 286 Events after the balance sheet date 288 List of shareholdings Talanx Group. Annual Report 2011 123
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Group Annual Report 2011 Straightfo
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.� ,� �.� �,� Non-Life
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OuR VISION Talanx is the leading gl
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Our brands HDI-Gerling focuses part
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By contrast with the technical acco
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Dr. Heinz-Peter Roß Torsten Leue D
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Supervisory Board Committees Compos
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A further focus of our deliberation
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The annual financial statements are
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You can stand and work better on a
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Re-launch with a modern and efficie
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Forward together with a goal-orient
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under its own power and through acq
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Our targets: ambitious, but achieva
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Our premium volume has risen steadi
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Our target: to be fit for the futur
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Group management report. Detailed i
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Overall assessment of the economic
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Our Locations Argentina L’UNION d
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Italy Hannover Re Services Italy S.
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Glossary. A-C Accumulation risk Und
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L-P Lapse rate for life insurance p
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Index of key terms Acquisitions Cen
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ie Ireland. Hannover Life Re (Irela
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talanx group annual report 2011 en

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