talanx group annual report 2011 en

266
Financial statements Notes
General information
2011 1)
Talanx Group. Annual Report 2011
Accounting principles
and policies
Segment reporting Consolidation,
business combinations
(31) Acquisition costs and administrative expenses
Industrial
Lines
Retail
Germany
Retail
International
Non-Life
Reinsurance
Non-current assets held for
sale and disposal groups
Life/Health
Reinsurance Total
Figures in EUR million
Gross
Acquisition costs and reinsurance
commissions
Change in deferred acquisition costs
366 1,044 413 1,405 915 4,143
and change in reserves for commissions –8 –204 –19 –86 –34 –351
Total acquisition costs 358 840 394 1,319 881 3,792
Administrative expenses
Total acquisition costs and
212 281 142 161 128 924
administrative expenses 570 1,121 536 1,480 1,009 4,716
Reinsurers’ share
Acquisition costs and reinsurance
commissions
Change in deferred acquisition costs
214 29 29 60 34 366
and change in reserves for commissions –6 7 3 1 29 34
Total acquisition costs 208 36 32 61 63 400
Net
Acquisition costs and reinsurance
commissions
Change in deferred acquisition costs
152 1,015 384 1,345 881 3,777
and change in reserves for commissions –2 –211 –22 –87 –63 –385
Total acquisition costs 150 804 362 1,258 818 3,392
Administrative expenses
Total acquisition costs and
212 281 142 161 128 924
administrative expenses 362 1,085 504 1,419 946 4,316
1) Presentation after elimination of intra-Group relations