Profit and loss account

Profit and loss account
 
      (€ million) 31.12.2012 31.12.2011  
  1.1   Net earned premiums 62,838 62,739notenote
    1.1.1 Gross earned premiums 65,662 65,666  
    1.1.2 Earned premiums ceded -2,823 -2,928  
  1.2   Fee and commission income and income from financial service activities 1,299 1,414notenote
  1.3   Net income from financial instruments at fair value through profit or loss 6,164 -3,277note note
      of which net income from financial instruments where the investment risk is borne by the policyholders and related to pension funds 4,565 -3,163  
  1.4   Income from subsidiaries, associated companies and joint ventures 127 404notenote
  1.5   Income from other financial instruments and land and buildings (investment properties) 15,953 17,357notenote
    1.5.1 Interest income 10,293 10,607  
    1.5.2 Other income 1,907 2,176  
    1.5.3 Realized gains 3,530 4,373  
    1.5.4 Unrealized gains and reversal of impairment losses 223 201  
  1.6   Other income 2,166 2,363note note
1     TOTAL INCOME 88,547 81,001  
  2.1   Net insurance benefits and claims -63,218 -55,036note
    2.1.1 Claims paid and change in insurance provisions -65,057 -56,828  
    2.1.2 Reinsurers' share 1,839 1,791  
  2.2   Fee and commission expenses and expenses from financial service activities -534 -481notenote
  2.3   Expenses from subsidiaries, associated companies and joint ventures -423 -728notenote
  2.4   Expenses from other financial instruments and land and buildings (investment properties) -7,578 -7,681note note
    2.4.1 Interest expense -1,373 -1,295  
    2.4.2 Other expenses -440 -414  
    2.4.3 Realized losses -2,555 -2,367  
    2.4.4 Unrealized losses and impairment losses -3,211 -3,605  
  2.5   Acquisition and administration costs -11,717 -11,984notenote
    2.5.1 Commissions and other acquisition costs -8,421 -8,526  
    2.5.2 Investment management expenses -118 -127  
    2.5.3 Other administration costs -3,178 -3,331  
  2.6   Other expenses -3,439 -3,285note note
2     TOTAL EXPENSES -86,910 -79,196  
      EARNINGS BEFORE TAXES 1,638 1,805  
3     Income taxes -1,240 -652 note
      EARNINGS AFTER TAXES 397 1,153  
4     RESULT OF DISCONTINUED OPERATIONS -30 0  
      CONSOLIDATED RESULT OF THE PERIOD 367 1,153  
      Result of the period attributable to the Group 90 856  
      Result of the period attributable to minority interests 277 297  
      EARNINGS PER SHARE:      
      Earnings per share (in €) 0.06 0.56  
      from continuing operation 0.08 0.56  
      Diluted earnings per share (in €) 0.06 0.56  
      from continuing operation 0.08 0.56