talanx group annual report 2011 en

Nature of risks Notes on the balance
sheet – assets
Notes on the balance
sheet – liabilities
Notes on the
statement of income
(13) Accounts receivable on insurance business
Other information List of shareholdings
2011 2010
Figures in EUR million
Accounts receivable on direct written insurance business
of which:
1,787 1,551
From policyholders 918 796
From insurance intermediaries 869 755
Accounts receivable on reinsurance business 2,942 3,460
Balance at 31.12. of the year under review 4,729 5,011
(14) Deferred acquisition costs
Gross
business
2011 2010
Reinsurancerecoverables
Net
business
Gross
business
Reinsurancerecoverables
Net
business
Figures in EUR million
Balance at 31.12. of the previous year 4,013 298 3,715 3,899 355 3,544
Change in consolidated group — — — — — —
Portfolio entries/withdrawals 11 1 10 10 1 9
Newly capitalised acquisition costs 918 92 826 624 –4 628
Amortised acquisition costs 575 125 450 658 65 593
Currency adjustments 17 6 11 138 6 132
Reclassification due to IFRS 5 –110 –10 –100 — 5 –5
Other changes 1 — 1 — — —
Balance at 31.12. of the year under review 4,275 262 4,013 4,013 298 3,715
With regard to the reclassification due to IFRS 5, we refer to our remarks in the subsection of the
Notes entitled “Non-current assets held for sale on the balance-sheet date and disposal groups”.
The value shown under “Reclassification due to IFRS 5” in the reporting period is attributable, in the
main, to A-Lie (EUR 106 million).
Talanx Group. Annual Report 2011
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