Reinsurance
In € million |
2022 |
2021 |
2020 |
|---|---|---|---|
Premiums written |
1,461.3 |
1,469.5 |
1,162.7 |
Insurance benefits (net) |
–822.0 |
–788.0 |
–700.6 |
Operating expenses (net) |
–395.8 |
–359.8 |
–311.0 |
Cost ratio (after reinsurance) |
30.3% |
29.3% |
29.4% |
Earnings before taxes |
74.9 |
95.6 |
58.3 |
Technical provisions (net) |
1,648.5 |
1,564.6 |
1,373.6 |
In the reinsurance segment, the premium volume written fell in 2022 by 0.6 per cent to €1,461.3 million (2021: €1,469.5 million).
Premiums written, including savings portions from unit-linked and index-linked life insurance – Reinsurance
In € million
However, the volume of premiums earned (net, in accordance with IFRSs) increased by 6.4 per cent to €1,308.3 million (2021: €1,229.2 million).
Net insurance benefits rose by 4.3 per cent to €822.0 million in 2022 (2021: €788.0 million).
Operating expenses, less reinsurance commissions received and the share of profit from reinsurance ceded in the amount of €13.3 million (2021: €10.4 million), increased by 10.0 per cent to €395.8 million (2021: €359.8 million).
Net investment income decreased to €–0.5 million (2021: €33.7 million) in 2022.
Earnings before taxes in the reinsurance segment decreased by 21.6 per cent to €74.9 million (2021: €95.6 million).