talanx group annual report 2011 en

162
Financial statements Notes
General information
Segment reporting.
Balance sheet as at 31 December 2011
Talanx Group. Annual Report 2011
Accounting principles
and policies
Segment reporting Consolidation,
business combinations
Non-current assets held for
sale and disposal groups
Industrial Lines Retail Germany Retail International
Liabilities 31.12.2011 1) 31.12.2010 31.12.2011 31.12.2010 2) 31.12.2011 1) 31.12.2010 2)
Figures in EUR million
B. Subordinated liabilities 261 265 215 165 — —
C. Technical provisions
a. Unearned premiums reserve 777 713 786 808 968 891
b. Benefit reserve 1 — 34,114 33,359 1,811 1,869
c. Loss and loss adjustment expense reserve 7,960 7,777 2,580 2,696 1,285 1,129
d. Provision for premium refunds 9 13 985 793 14 39
e. Other technical provisions 29 31 8 9 12 15
8,776 8,534 38,473 37,665 4,090 3,943
D. Technical provisions in the area of life insurance insofar
as the investment risk is borne by policyholders — — 5,283 5,419 784 995
E. Other provisions
a. Provisions for pensions 405 438 64 133 11 8
b. Provision for taxes 109 117 90 142 44 40
c. Sundry provisions 100 92 313 283 37 33
F. Liabilities
614 647 467 558 92 81
a. Notes payable and loans — — — — — 17
b. Funds held under reinsurance treaties 14 4 2,022 2,224 155 345
c. Other liabilities 1,456 1,835 2,242 2,321 249 298
1,470 1,839 4,264 4,545 404 660
G. Deferred tax liabilities 71 88 263 290 26 20
Total liabilities/provisions 11,192 11,373 48,965 48,642 5,396 5,699
H. Liabilities of disposal groups classified as held for sale — — 99 — 565 —