talanx group annual report 2011 en

Nature of risks Notes on the balance
Notes on the balance
sheet – assets
sheet – liabilities
2010 1)
Figures in EUR million
Industrial
Lines
Retail
Germany
Notes on the consolidated
statement of income
Retail
International
Other information List of shareholdings
Non-Life
Reinsurance
Life/Health
Reinsurance Total
Gross
Acquisition costs and reinsurance
commissions
Change in deferred acquisition costs
363 980 374 1,287 821 3,825
and change in reserves for commissions –30 –92 161 –14 17 42
Total acquisition costs 333 888 535 1,273 838 3,867
Administrative expenses
Total acquisition costs and
230 389 122 163 116 1,020
administrative expenses 563 1,277 657 1,436 954 4,887
Reinsurers’ share
Acquisition costs and reinsurance
commissions
Change in deferred acquisition costs
213 56 30 91 53 443
and change in reserves for commissions –17 23 26 –4 44 72
Total acquisition costs 196 79 56 87 97 515
Net
Acquisition costs and reinsurance
commissions
Change in deferred acquisition costs
150 924 344 1,196 768 3,382
and change in reserves for commissions –13 –115 135 –10 –27 –30
Total acquisition costs 137 809 479 1,186 741 3,352
Administrative expenses
Total acquisition costs and
230 389 122 163 116 1,020
administrative expenses 367 1,198 601 1,349 857 4,372
1) Presentation after elimination of intra-Group relations
Talanx Group. Annual Report 2011
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