Profit and loss account

Profit and loss account

      (€ million) 31.12.2013 31.12.2012R  
  1.1   Net earned premiums
60,796
60,734
notescriteria
    1.1.1 Gross earned premiums
62,726
62,848
  
    1.1.2 Earned premiums ceded
-1,930
-2,114
  
  1.2   Fee and commission income and income from financial service activities
1,359
1,299
notes criteria
  1.3   Net income from financial instruments at fair value through profit or loss
4,763
6,143
notescriteria
      of which net income from financial instruments where the investment risk is borne by the policyholders and related to pension funds 4,103
4,565
  
  1.4   Income from subsidiaries, associated companies and joint ventures
180
126
notescriteria
  1.5   Income from other financial instruments and land and buildings (investment properties)
15,613
15,604
notescriteria
    1.5.1 Interest income
10,024
9,971
  
    1.5.2 Other income
1,891
1,899
  
    1.5.3 Realized gains
3,486
3,511
  
    1.5.4 Unrealized gains and reversal of impairment losses
212
223
  
  1.6   Other income
2,332
2,113
notescriteria
1     TOTAL INCOME
85,043
86,018
  
  2.1   Net insurance benefits and claims
-63,295
-61,567
notescriteria
    2.1.1 Claims paid and change in insurance provisions
-64,433
-62,919
  
    2.1.2 Reinsurers' share
1,137
1,352
  
  2.2   Fee and commission expenses and expenses from financial service activities
-544
-534
notes criteria
  2.3   Expenses from subsidiaries, associated companies and joint ventures
-296
-423
notes criteria
  2.4   Expenses from other financial instruments and land and buildings (investment properties)
-3,299
-7,486
notes criteria
    2.4.1 Interest expense
-1,377
-1,318
  
    2.4.2 Other expenses
-445
-438
  
    2.4.3 Realized losses
-514
-2,529
  
    2.4.4 Unrealized losses and impairment losses
-964
-3,200
  
  2.5   Acquisition and administration costs
-11,036
-11,218
notescriteria
    2.5.1 Commissions and other acquisition costs
-7,976
-8,034
  
    2.5.2 Investment management expenses
-74
-114
  
    2.5.3 Other administration costs
-2,986
-3,070
  
  2.6   Other expenses
-4,249
-3,322
notes criteria
2     TOTAL EXPENSES
-82,720
-84,550
  
      EARNINGS BEFORE TAXES  2,323
 1,468
  
3     Income taxes
-742
-1,154
notes
criteria
      EARNINGS AFTER TAXES  1,582
 314
  
4     RESULT OF DISCONTINUED OPERATIONS  560
 58
  
      CONSOLIDATED RESULT OF THE PERIOD 2,142
371
  
      Result of the period attributable to the Group  1,915
 94
  
      Result of the period attributable to minority interests  227
 278
  
      EARNINGS PER SHARE:      
      Earnings per share (in €)  1.24
 0.06
  
      from continuing operation
0.89
0.04
  
      Diluted earnings per share (in €)
1.24
0.06
  
      from continuing operation
0.890.04  

(R) Some data shown in the comparative columns of the financial statements do not correspond to those published in 2012 in the Consolidated Financial Statements as restated as described in the section Changes in accounting policies and changes in the presentation of the financial statements.

Assicurazioni Generali S.p.A. - C.F. e P.IVA 00079760328