talanx group annual report 2011 en
talanx group annual report 2011 en
talanx group annual report 2011 en
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166<br />
Financial statem<strong>en</strong>ts Notes<br />
G<strong>en</strong>eral information<br />
Talanx Group. Annual Report <strong>2011</strong><br />
Accounting principles<br />
and policies<br />
Segm<strong>en</strong>t <strong>report</strong>ing Consolidation,<br />
business combinations<br />
Non-curr<strong>en</strong>t assets held for<br />
sale and disposal <strong>group</strong>s<br />
Geographical breakdown of investm<strong>en</strong>ts and writt<strong>en</strong> premium<br />
The geographical breakdown shown below is based on the regional origin of the investm<strong>en</strong>ts and<br />
the gross writt<strong>en</strong> premium with respect to external cli<strong>en</strong>ts. No transactions with external cli<strong>en</strong>ts<br />
amounting to at least 10% of total gross premium occurred during the <strong>report</strong>ing period. Segm<strong>en</strong>tation<br />
has be<strong>en</strong> simplified to show only Primary Insurance, Reinsurance and Corporate Operations.<br />
Above and beyond this, we show the gross writt<strong>en</strong> premium for each type or line of insurance at<br />
Group level.<br />
Investm<strong>en</strong>ts under own managem<strong>en</strong>t by geographical origin 1)<br />
Investm<strong>en</strong>ts excluding<br />
funds held by ceding companies 1) Figures in EUR million<br />
Primary Insurance Reinsurance<br />
Corporate<br />
Operations<br />
31.12.<strong>2011</strong><br />
Total<br />
Germany 27,374 5,850 347 33,571<br />
United Kingdom<br />
C<strong>en</strong>tral and Eastern Europe<br />
2,691 2,323 123 5,137<br />
(CEE) 228 — — 228<br />
Rest of Europe 14,899 7,245 264 22,408<br />
USA 853 6,628 3 7,484<br />
Rest of North America 97 1,415 1 1,513<br />
Latin America 771 634 — 1,405<br />
Asia and Australia 448 3,100 1 3,549<br />
Rest of the world 53 402 — 455<br />
Total 47,414 27,597 739 75,750<br />
Investm<strong>en</strong>ts excluding<br />
funds held by ceding companies 1) Figures in EUR million<br />
Primary Insurance Reinsurance<br />
Corporate<br />
Operations<br />
31.12.2010<br />
Total<br />
Germany 30,795 6,064 465 37,324<br />
United Kingdom<br />
C<strong>en</strong>tral and Eastern Europe<br />
1,371 1,705 46 3,122<br />
(CEE) 241 — — 241<br />
Rest of Europe 12,601 6,993 316 19,910<br />
USA 839 6,052 — 6,891<br />
Rest of North America 103 987 — 1,090<br />
Latin America 720 368 — 1,088<br />
Asia and Australia 240 2,121 — 2,361<br />
Rest of the world 36 398 — 434<br />
Total 46,946 24,688 827 72,461<br />
1) After elimination of internal transactions within the Group across segm<strong>en</strong>ts;<br />
this can lead to deviations from the figures quoted in the managem<strong>en</strong>t <strong>report</strong><br />
Breakdown of gross writt<strong>en</strong> premium by segm<strong>en</strong>t 1)<br />
Figures in EUR million<br />
31.12.<strong>2011</strong> 31.12.2010<br />
Industrial Lines 3,109 3,048<br />
Retail Germany 6,649 6,802<br />
Retail International 2,482 2,233<br />
Non-Life Reinsurance 6,417 5,973<br />
Life/Health Reinsurance 5,025 4,813<br />
Total 23,682 22,869<br />
1) After elimination of internal transactions within the Group across segm<strong>en</strong>ts;<br />
this can lead to deviations from the figures quoted in the managem<strong>en</strong>t <strong>report</strong>
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