Annual Report 2016

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Property & Casualty reinsurance Life & Health reinsurance Investments
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Consolidated balance sheet Statement of income Statement of comprehensive income Statement of changes in shareholders’ equity Cash flow statement Notes Auditor's report Responsibility statement
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7.3 Reinsurance result

Reinsurance result  
in EUR thousand20162015
Gross written premium16,353,62217,068,663
Ceded written premium1,749,6242,219,094
Change in unearned premium(156,575)(259,834)
Change in ceded unearned premium(29,808)3,307
Net premium earned14,417,61514,593,042
Other technical income4701,290
Total net technical income14,418,08514,594,332
Claims and claims expenses paid9,688,0569,845,561
Change in loss and loss adjustment expense reserve1,123,2691,229,846
Claims and claims expenses10,811,32511,075,407
Change in benefit reserve80,512101,157
Net change in benefit reserve80,512101,157
Commissions3,057,3753,025,208
Change in deferred acquisition costs89,15097,673
Change in provision for contingent commissions20,254(9,106)
Other acquisition costs16,2925,652
Other technical expenses3,9971,348
Administrative expenses401,545398,512
Net technical result115,93593,827

With regard to the claims and claims expenses as well as the change in the benefit reserve the reader is also referred to Section 6.7 “Technical provisions”. The change in the benefit reserve relates exclusively to the life and health reinsurance segment. The administrative expenses amounted to altogether 2.8% (2.7%) of net premium earned.

Other technical income
in EUR thousand20162015
Other technical income (gross)4,1104,074
Reinsurance recoverables3,6402,784
Other technical income (net)4701,290
Commissions and brokerage, change in deferred acquisition costs
in EUR thousand20162015
Commissions paid (gross)3,240,8293,313,301
Reinsurance recoverables183,454288,093
 
Change in deferred acquisition costs (gross)7,927119,918
Reinsurance recoverables(81,223)22,245
 
Change in provision for contingent commissions (gross)23,661(5,643)
Reinsurance recoverables3,4073,463
 
Commissions and brokerage, change in deferred acquisition costs (net)2,988,4792,918,429
Other technical expenses
in EUR thousand20162015
Other technical expenses (gross)5,4342,180
Reinsurance recoverables1,437832
Other technical expenses (net)3,9971,348
7.2 Investment income
7.4 Other income and expenses
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6.7 Technical provisions
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7.3 Reinsurance result

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