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Interim Report Third Quarter 2014 - Consolidated income statements

Interim Report Third Quarter and First Nine Months of 2014    Allianz Group50 Consolidated income statements consolidated income statements € mn three months ended 30 September nine months ended 30 September note 2014 2013 2014 2013 Gross premiums written 17,393 16,693 56,301 55,346 Ceded premiums written (1,118) (978) (3,609) (3,675) Change in unearned premiums 760 922 (2,270) (2,071) Premiums earned (net) 21 17,035 16,637 50,421 49,600 Interest and similar income 22 5,299 5,129 15,976 15,709 Income from financial assets and liabilities carried at fair value through income (net) 23 (231) (563) (604) (1,489) Realized gains/losses (net) 24 893 690 2,825 3,028 Fee and commission income 25 2,590 2,583 7,536 8,016 Other income 26 37 42 160 144 Income from fully consolidated private equity investments 27 170 181 513 543 Total income 25,793 24,701 76,828 75,552 Claims and insurance benefits incurred (gross) (12,910) (12,268) (38,204) (37,327) Claims and insurance benefits incurred (ceded) 542 393 1,770 1,843 Claims and insurance benefits incurred (net) 28 (12,368) (11,874) (36,434) (35,484) Change in reserves for insurance and investment contracts (net) 29 (3,419) (3,248) (10,457) (10,417) Interest expenses 30 (315) (300) (925) (986) Loan loss provisions 31 (7) (18) (31) (47) Impairments of investments (net) 32 (156) (162) (592) (478) Investment expenses 33 (261) (227) (693) (653) Acquisition and administrative expenses (net) 34 (5,839) (5,581) (16,873) (16,872) Fee and commission expenses 35 (847) (788) (2,459) (2,354) Amortization of intangible assets (34) (30) (83) (87) Restructuring charges (1) 15 8 (84) Other expenses 36 (46) (28) (101) (82) Expenses from fully consolidated private equity investments 27 (181) (184) (529) (555) Total expenses (23,474) (22,424) (69,170) (68,098) Income before income taxes 2,319 2,277 7,658 7,453 Income taxes 37 (632) (746) (2,373) (2,447) Net income 1,687 1,530 5,285 5,007 Net income attributable to: Non-controlling interests 81 85 283 267 Shareholders 1,606 1,445 5,002 4,740 Basic earnings per share (€) 39 3.54 3.19 11.02 10.46 Diluted earnings per share (€) 39 3.52 3.14 10.95 10.33

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