Income statement

Income statement

(€ million)31.12.201431.12.2013
1.1Net earned premiums 64,322 60,622
1.1.1Gross earned premiums 66,324 62,913
1.1.2Earned premiums ceded -2,003 -2,290
1.2Fee and commission income and income from financial service activities 967 872
1.3Net 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
1.4Income from subsidiaries, associated companies and joint ventures 192 181
1.5Income from other financial instruments and land and buildings (investment properties) 15,991 15,374
1.5.1Interest income 9,919 9,828
1.5.2Other income 2,117 1,882
1.5.3Realized gains 3,761 3,455
1.5.4Unrealized gains and reversal of impairment losses 194 208
1.6Other income 3,301 2,246
1TOTAL INCOME 88,282 83,905
2.1Net insurance benefits and claims -67,003 -63,101
2.1.1Claims paid and change in insurance provisions -68,280 -64,527
2.1.2Reinsurers' share 1,276 1,425
2.2Fee and commission expenses and expenses from financial service activities -470 -468
2.3Expenses from subsidiaries, associated companies and joint ventures -68 -294
2.4Expenses from other financial instruments and land and buildings (investment properties) -3,461 -3,222
2.4.1Interest expense -1,298 -1,355
2.4.2Other expenses -421 -444
2.4.3Realized losses -435 -475
2.4.4Unrealized losses and impairment losses -1,307 -949
2.5Acquisition and administration costs -10,489 -10,518
2.5.1Commissions and other acquisition costs -7,884 -7,963
2.5.2Investment management expenses -103 -75
2.5.3Other administration costs -2,502 -2,480
2.6Other expenses -3,838 -3,888
2TOTAL EXPENSES -85,329 -81,492
EARNINGS BEFORE TAXES 2,953 2,413
3Income taxes -1,033 -757
EARNINGS AFTER TAXES 1,921 1,657
4RESULT 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