Consolidated statement of income of Talanx AG for the period from
1 January to 31 December 2013

N3 CONSOLIDATED STATEMENT OF INCOME
  FIGURES IN EUR MILLION
    Notes     2013 2012 1)
  1. Gross written premium including premium from unit-linked life and annuity insurance     28,151   26,659
  2. Savings elements of premiums from unit-linked life and annuity insurance     1,131   1,200
  3. Ceded written premium     3,539   3,253
  4. Change in gross unearned premium     –506   –331
  5. Change in ceded unearned premium     –138   –124
  Net premium earned 29     23,113 21,999
  6. Claims and claims expenses (gross) 31   21,620   20,553
  Reinsurers’ share     2,405   2,197
  Claims and claims expenses (net)       19,215 18,356
  7. Acquisition costs and administrative expenses (gross) 32   5,903   5,314
  Reinsurers’ share     552   476
  Acquisition costs and administrative expenses (net)       5,351 4,838
  8. Other technical income     52   49
  Other technical expenses     200   301
  Other technical result       –148 –252
  Net technical result       –1,601 –1,447
  9. a. Income from investments 30 3,963     3,882
  b. Expenses for investments 30 518     418
  Net income from investments under own management     3,445   3,464
  Income/expense from investment contracts 30   13   8
  Net interest income from funds withheld and contract deposits 30   334   323
  Net investment income       3,792 3,795
  Income/expense from associated companies and joint ventures recognised using the equity method       13 7
  10. a. Other income 33   808   595
  b. Other expenses 33   1,215   1,195
  Other income/expenses       –407 –600
  Profit before goodwill impairments       1,784 1,748
  11. Goodwill impairments      
  Operating profit/loss (EBIT)       1,784 1,748
  12. Financing costs 34     206 185
  13. Taxes on income 35     296 419
  Net income       1,282 1,144
  thereof attributable to non-controlling interests       520 518
  thereof attributable to Talanx AG shareholders       762 626
  Earnings per share          
  Basic earnings per share (figures in EUR)       3.02 2.86
  Diluted earnings per share (figures in EUR)       3.02 2.86
  1) Adjusted on the basis of IAS 8, see section “Accounting policies”, subsection “Changes in accounting policies and accounting errors” in the Notes
   

The following Notes form an integral part of the consolidated financial statements.