talanx group annual report 2011 en

Nature of risks Notes on the consolidated
balance sheet – assets
Notes on the consolidated
balance sheet – liabilities
Notes on the consolidated
statement of income
Other information List of shareholdings
Liabilities Notes 31.12.2011 31.12.2010 1)
Figures in EUR million
A. Shareholders’ equity 16
a. Common shares 260 260
Nominal value: 260
Contingent capital: 26
b. Reserves 5,161 4,685
Shareholders’ equity excluding
non-controlling interests 5,421 4,945
c. Non-controlling interests 3,285 3,035
Total shareholders’ equity 8,706 7,980
B. Subordinated liabilities 17 2,615 2,791
C. Technical provisions
a. Unearned premium reserve 18 4,677 4,267
b. Benefit reserve 19 45,739 43,610
c. Losses and adjustment expenses reserve 20 31,420 28,538
d. Reserve for premium refunds 21 1,008 845
e. Other technical provisions 256 250
83,100 77,510
D. Technical provisions in the area of
life insurance insofar as the investment
risk is borne by policyholders 6,067 6,414
E. Other provisions
a. Provision for pensions and similar obligations 22 1,343 1,316
b. Provisions for taxes 23 557 743
c. Sundry provisions 24 689 692
2,589 2,751
F. Liabilities
a. Notes payable and loans 25 762 747
b. Funds held under reinsurance treaties 5,039 5,224
c. Other liabilities 11/12/26 4,411 4,858
10,212 10,829
G. Deferred tax liabilities 27 1,488 1,444
Total liabilities/reserves 106,071 101,739
H. Liabilities of disposal groups classified
as held for sale 491 1,381
Total liabilities 115,268 111,100
1) Adjusted on the basis of IAS 8
The following notes form an integral part of the consolidated financial statement.
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