Income statement
(€ million) | 31.12.2014 | 31.12.2013 | ||||
---|---|---|---|---|---|---|
1.1 | Net earned premiums | 64,322 | 60,622 | |||
1.1.1 | Gross earned premiums | 66,324 | 62,913 | |||
1.1.2 | Earned premiums ceded | -2,003 | -2,290 | |||
1.2 | Fee and commission income and income from financial service activities | 967 | 872 | |||
1.3 | Net income from financial instruments at fair value through profit or loss | 3,510 | 4,611 | |||
of which net income from financial instruments where the investment risk is borne by the policyholders and related to pension funds | 3,293 | 4,103 | ||||
1.4 | Income from subsidiaries, associated companies and joint ventures | 192 | 181 | |||
1.5 | Income from other financial instruments and land and buildings (investment properties) | 15,991 | 15,374 | |||
1.5.1 | Interest income | 9,919 | 9,828 | |||
1.5.2 | Other income | 2,117 | 1,882 | |||
1.5.3 | Realized gains | 3,761 | 3,455 | |||
1.5.4 | Unrealized gains and reversal of impairment losses | 194 | 208 | |||
1.6 | Other income | 3,301 | 2,246 | |||
1 | TOTAL INCOME | 88,282 | 83,905 | |||
2.1 | Net insurance benefits and claims | -67,003 | -63,101 | |||
2.1.1 | Claims paid and change in insurance provisions | -68,280 | -64,527 | |||
2.1.2 | Reinsurers' share | 1,276 | 1,425 | |||
2.2 | Fee and commission expenses and expenses from financial service activities | -470 | -468 | |||
2.3 | Expenses from subsidiaries, associated companies and joint ventures | -68 | -294 | |||
2.4 | Expenses from other financial instruments and land and buildings (investment properties) | -3,461 | -3,222 | |||
2.4.1 | Interest expense | -1,298 | -1,355 | |||
2.4.2 | Other expenses | -421 | -444 | |||
2.4.3 | Realized losses | -435 | -475 | |||
2.4.4 | Unrealized losses and impairment losses | -1,307 | -949 | |||
2.5 | Acquisition and administration costs | -10,489 | -10,518 | |||
2.5.1 | Commissions and other acquisition costs | -7,884 | -7,963 | |||
2.5.2 | Investment management expenses | -103 | -75 | |||
2.5.3 | Other administration costs | -2,502 | -2,480 | |||
2.6 | Other expenses | -3,838 | -3,888 | |||
2 | TOTAL EXPENSES | -85,329 | -81,492 | |||
EARNINGS BEFORE TAXES | 2,953 | 2,413 | ||||
3 | Income taxes | -1,033 | -757 | |||
EARNINGS AFTER TAXES | 1,921 | 1,657 | ||||
4 | RESULT OF DISCONTINUED OPERATIONS | -69 | 485 | |||
CONSOLIDATED RESULT OF THE PERIOD | 1,852 | 2,142 | ||||
Result of the period attributable to the Group | 1,670 | 1,915 | ||||
Result of the period attributable to minority interests | 182 | 227 | ||||
EARNINGS PER SHARE: | ||||||
Basic earnings per share (€) | 1.07 | 1.24 | ||||
from continuing operations | 1.13 | 0.80 | ||||
Diluted earnings per share (€) | 1.07 | 1.24 | ||||
from continuing operations | 1.13 | 0.80 |