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Operating result - life segment
| (€ million) | 31.12.2012 | 31.12.2011 | Fourth quarter 2012 |
Fourth quarter 2011 |
|---|---|---|---|---|
| Operating result - life segment | 2,658 | 2,542 | 462 | 564 |
| Net premiums | 42,138 | 42,076 | 12,054 | 10,752 |
| Net insurance benefits and claims | -49,099 | -40,770 | -13,077 | -12,413 |
| of which change in the provisions for unit and index-linked policies | -4,150 | 2,132 | -871 | -865 |
| Acquisition and administration costs | -4,985 | -5,176 | -1,430 | -1,445 |
| Acquisition and administration costs related to insurance business(1) | -4,984 | -5,137 | -1,430 | -1,434 |
| Other acquisition and administration costs | -1 | -39 | 0 | -11 |
| Net fee and commission income and net income from financial service activities | 56 | 178 | -14 | 52 |
| Net operating income from financial instruments at fair value through profit or loss | 5,937 | -3,055 | 1,615 | 1,167 |
| of which net income from financial assets and liabilities related to unit and index-linked policies | 4,563 | -3,159 | 1,155 | 988 |
| Net operating income from other financial instruments | 8,600 | 9,336 | 1,285 | 2,474 |
| Interest income and other income | 10,441 | 11,030 | 2,553 | 2,788 |
| Net operating realized gains on other financial instruments and land and buildings (investment properties) | 967 | 2,019 | 455 | 554 |
| Net operating impairment losses on other financial instruments and land and buildings (investment properties) | -1,979 | -2,967 | -1,469 | -667 |
| Interest expense on liabilities linked to operating activities | -309 | -269 | -107 | -66 |
| Other expenses from other financial instruments and land and buildings (investment properties) | -521 | -476 | -146 | -134 |
| Net other operating expenses(2) | 13 | -47 | 29 | -23 |
| Non-operating result - life segment | -908 | -744 | -567 | -262 |
| Net non-operating income from other financial instruments | -754 | -579 | -527 | -189 |
| Net non-operating realized gains on other financial instruments and land and buildings (investment properties)(3) | -164 | -143 | -95 | -48 |
| Net non-operating impairment losses on other financial instruments and land and buildings (investment properties)(4) | -590 | -436 | -433 | -141 |
| Net other non-operating expenses(4) | -154 | -165 | -40 | -73 |
| Earnings before taxes - life segment | 1,750 | 1,798 | -105 | 302 |
(1) Commissions related to investment contracts, which amounted to € 122.5 million (€ 113.7 million at 31 December 2010), are included in net fee and commission income and net income from financial service activities.
(2) At 31 December 2011 the amount is net of operating taxes for € 64.1 million (€ 40 million at 31 December 2010) and of non-recurring taxes shared with the policyholders in Germany for € 45.7 million.
(3) The amount is net of the share attributable to the policyholders.
(4) The amount is net of the share attributable to the policyholders in Germany and Austria.
