Consolidated Income Statement

1.

Premiums written (retained)

31

a) Gross

5,379,138

5,011,651

b) Reinsurers’ share

–202,414

–217,254

5,176,724

4,794,398

2.

Change due to premiums earned (retained)

a) Gross

–35,552

–17,445

b) Reinsurers’ share

–326

–6,796

–35,877

–24,240

3.

Premiums earned (retained)

32

a) Gross

5,343,587

4,994,207

b) Reinsurers’ share

–202,740

–224,049

5,140,847

4,770,158

4.

Income from fees and commissions

33

Reinsurance commissions and profit shares from reinsurance business ceded

16,574

14,821

5.

Net investment income

34

872,316

751,656

of which profit from associated companies

22,012

–62,295

6.

Other income

35

115,542

60,624

Total income

6,145,278

5,597,260

7.

Insurance benefits

36

a) Gross

–4,565,923

–4,284,398

b) Reinsurers’ share

107,848

227,953

–4,458,075

–4,056,445

8.

Operating expenses

37

a) Acquisition costs

–936,001

–854,353

b) Other operating expenses

–426,230

–412,853

–1,362,231

–1,267,206

9.

Other expenses

38

–126,196

–119,947

10.

Amortisation of goodwill

–14,481

–18,543

Total expenses

–5,960,983

–5,462,142

11.

Operating profit

184,295

135,118

12.

Financing costs

–31,492

–35,091

13.

Profit on ordinary activities
except extraordinary tax financial sector (Hungary)

152,804

100,026

14.

Extraordinary tax financial sector (Hungary)

–6,771

0

15.

Profit on ordinary activities

146,033

100,026

16.

Income taxes

39

–50,981

–44,362

17.

Net profit

95,052

55,664

of which consolidated profit

46,434

25,672

of which minority interests

48,618

29,993

Earnings per share¹⁾ in €

16

0.33

0.19

Average number of shares in circulation

142,165,567

131,723,521