4. Net investment income

Classified by business line

In € thousand

Property and casualty insurance

Health insurance

Life insurance

Total

1–12/
2021

1–12/
2020

1–12/
2021

1–12/
2020

1–12/
2021

1–12/
2020

1–12/
2021

1–12/
2020

Investment property

–2,873

–4,806

7,157

7,762

54,400

37,306

58,684

40,263

Financial assets accounted for using the equity method

11,703

10,525

26,799

21,307

42,585

33,858

81,087

65,689

Variable-income securities

24,419

–17,782

98,274

10,067

3,654

5,781

126,346

–1,934

Available for sale

–2,796

–17,757

98,009

9,565

3,781

5,897

98,994

–2,295

At fair value through profit or loss

27,215

–25

264

502

–127

–116

27,352

361

Fixed-income securities

147,162

53,207

45,365

70,586

242,656

281,809

435,182

405,602

Available for sale

147,892

48,751

46,500

65,790

242,434

281,747

436,826

396,288

At fair value through profit or loss

–730

4,456

–1,135

4,796

222

62

–1,643

9,314

Loans and other investments

4,065

2,283

2,322

1,133

19,048

23,940

25,434

27,356

Loans

645

816

1,567

1,327

3,908

4,808

6,120

6,951

Other investments

3,420

1,467

755

–194

15,139

19,132

19,314

20,405

Derivative financial instruments

–23,606

8,910

–8,717

1,851

662

–169

–31,661

10,591

Investment administration expenses, interest paid and other investment expenses

–25,674

–22,790

–8,075

–8,163

–13,373

–11,204

–47,122

–42,158

Total

135,195

29,547

163,124

104,542

349,632

371,321

647,951

505,409

 

 

 

 

 

 

 

 

 

Of which:

 

 

 

 

 

 

 

 

Current income/expenses

113,945

108,512

98,338

93,794

308,957

316,712

521,241

519,018

Gains/losses from disposals and changes in value

21,250

–78,965

64,786

10,748

40,674

54,609

126,710

–13,609

Impairments

–3,810

–35,121

–4,950

–29,698

–9,025

–5,951

–17,784

–70,770

Classified by type of income

In € thousand

Current income/expenses

Gains/losses from disposals and changes in value

Total

of which impairment

1–12/
2021

1–12/
2020

1–12/
2021

1–12/
2020

1–12/
2021

1–12/
2020

1–12/
2021

1–12/
2020

Financial assets at fair value through profit or loss

864

14,378

–6,816

5,889

–5,952

20,266

0

0

Variable-income securities (within the framework of fair value option)

537

760

26,816

–399

27,352

361

0

0

Fixed-income securities (within the framework of fair value option)

408

1,095

–2,052

8,219

–1,643

9,314

0

0

Derivative financial instruments

–81

12,523

–31,580

–1,931

–31,661

10,591

0

0

Investments under investment contracts1)

0

0

0

0

0

0

0

0

Available-for-sale financial assets

386,874

375,078

148,946

18,915

535,820

393,993

–10,579

–61,311

Variable-income securities

37,719

29,053

61,275

–31,348

98,994

–2,295

–10,549

–44,439

Fixed-income securities

349,155

346,025

87,671

50,263

436,826

396,288

–30

–16,872

Loans and receivables

24,942

30,157

493

–2,801

25,434

27,356

0

0

Fixed-income securities

2,667

3,724

–2

–26

2,665

3,698

0

0

Loans and other investments

22,275

26,432

495

–2,775

22,770

23,658

0

0

Investment property

74,596

74,723

–15,912

–34,460

58,684

40,263

–7,206

–9,459

Financial assets accounted for using the equity method

81,087

66,840

0

–1,151

81,087

65,689

0

0

 

 

 

 

 

 

 

 

 

Investment administration expenses, interest paid and other investment expenses

–47,122

–42,158

0

0

–47,122

–42,158

0

0

Total

521,241

519,018

126,710

–13,609

647,951

505,409

–17,784

–70,770

1)

Income from investments under investment contracts is not stated due to its transitory character.

Details of net investment income

In € thousand

1–12/2021

1–12/2020

Current income/expenses from investment property

 

 

Rent revenue

99,234

99,575

Operational expenses

–24,637

–24,851

Currency gains/losses

 

 

Currency gains

68,029

90,345

Currency losses

–76,798

–106,091

Profit from currency gains/losses

–8,769

–15,746

Positive currency effects from investments amounting to €10,116 thousand (2020: negative currency effects amounting to €8,547 thousand) were recognised directly in equity.

Net profit/(loss) by measurement category

In € thousand

1–12/2021

1–12/2020

Financial assets at fair value through profit or loss

 

 

Recognised in profit/(loss) for the period

–5,952

20,266

Available-for-sale financial assets

 

 

Recognised in profit/(loss) for the period

535,820

393,993

of which reclassified from equity to consolidated income statement

–142,878

–68,659

Recognised in other comprehensive income

–1,161,536

563,452

Net income

–625,716

957,445

Loans and receivables

 

 

Recognised in profit/(loss) for the period

25,434

27,356

Financial liabilities measured at amortised cost

 

 

Recognised in profit/(loss) for the period

–134,762

–64,758