4. Deferred acquisition costs


Figures in € thousand

2011

2010

Property and casualty

 

 

As at 1 Jan.

162,092

152,824

Currency translation changes

–2,920

438

Capitalisation

114,921

119,389

Depreciation

–104,729

–110,559

As at 31 Dec.

169,364

162,092

 

 

 

Health

 

 

As at 1 Jan.

227,185

224,414

Currency translation changes

–121

57

Capitalisation

18,138

16,083

Interest surcharge

8,833

8,710

Depreciation

–21,356

–22,079

As at 31 Dec.

232,680

227,185

 

 

 

Life

 

 

As at 1 Jan.

501,854

506,614

Currency translation changes

–987

249

Capitalisation

107,064

96,006

Interest surcharge

14,605

17,375

Depreciation

–124,848

–118,390

As at 31 Dec.

497,687

501,854

 

 

 

In the consolidated financial statements

 

 

As at 1 Jan.

891,131

883,851

Currency translation changes

–4,028

744

Capitalisation

240,123

231,479

Interest surcharge

23,438

26,085

Depreciation

–250,932

–251,028

As at 31 Dec.

899,732

891,131

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