Annual Report 2011 - R+V Versicherung

40
Income statement
Income statement
or the period 1 January to 31 December 2011*
INCOME STATEMENT
in EUR 2011 2010
I. Actuarial account
1. Premiums earned for own account
a) Gross premiums written 1,492,356,204.59 1,371,189,265
b) Reinsurance premiums ceded 33,828,630.14 42,155,238
1,458,527,574.45
c) Change in gross unearned premium reserve 178,808.12 –20,052,783
d) Change in gross unearned premium reserve - reinsurers’ share 821,744.45 –1,273,254
–642,936.33
1,457,884,638.12 1,310,254,498
2. Technical interest income for own account 1,659,319.82 1,727,237
3. Other actuarial earnings for own account ––.–– –
4. Expenditure on claims for own account
a) Payments for claims
aa) Gross 964,967,234.64 735,575,709
bb) Reinsurers’ share 18,791,571.42 27,935,098
b) Change in provision for outstanding claims
946,175,663.22
aa) Gross 231,504,013.07 311,356,060
bb) Reinsurers’ share –5,602,797.95 2,792,771
237,106,811.02
1,183,282,474.24 1,016,203,900
5. Change in other actuarial net provisions
6. Expenditure on performance based and non-performance based premium
–505,044.24 3,160,354
refunds for own account
7. Expenditure on insurance operations for own account
2,125,086.89 1,891,843
a) Gross expenditure on insurance operations
b) Thereof:
378,087,251.21 339,560,021
Reinsurance commissions and profit participations received 9,947,033.06 7,612,111
368,140,218.15 331,947,910
8. Other actuarial earnings for own account 1,470,0458.77 1,405,230
9. Subtotal –95,979,324.35 –36,306,794
10. Change to equalisation provision and similar provisions –98,671,237.–– –10,419,015
11. Actuarial result for own account –194,650,561.35 –46,725,809
* in case of “thereof” notes, the figures for the previous year are shown in parentheses