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Interim Report Third Quarter 2014

87Interim Report Third Quarter and First Nine Months of 2014    Allianz Group B Condensed Consolidated Interim Financial Statements 49 Consolidated Balance Sheets 50 Consolidated Income Statements 51 Consolidated Statements of Comprehensive Income 52 Consolidated Statements of Changes in Equity 53 Consolidated Statements of Cash Flows 55 Notes 16 – Reserves for insurance and investment contracts Reserves for insurance and investment contracts € mn as of 30 September 2014 as of 31 December 2013 Aggregate policy reserves1 391,125 365,519 Reserves for premium refunds 56,414 37,772 Other insurance reserves 998 781 Total 448,537 404,072 1 Includes discounted loss reserves of € 3,505 mn (2013: € 3,207 mn) in the Property-Casualty business segment. 17 – Other liabilities other liabilities € mn as of 30 September 2014 as of 31 December 2013 Payables Policyholders 4,003 4,911 Reinsurance 1,299 1,170 Agents 1,551 1,604 Subtotal 6,853 7,685 Payables for social security 424 395 Tax payables Income taxes 2,046 2,580 Other taxes 1,422 1,269 Subtotal 3,469 3,849 Accrued interest and rent 646 681 Unearned income Interest and rent 24 16 Other 293 261 Subtotal 317 277 Provisions Pensions and similar obligations 9,148 7,594 Employee related 2,527 2,104 Share-based compensation plans 530 685 Restructuring plans 107 214 Loan commitments 21 42 Contingent losses from non-insurance business 141 131 Other provisions 1,579 1,617 Subtotal 14,054 12,386 Deposits retained for reinsurance ceded 1,875 1,874 Derivative financial instruments used for hedging that meet the criteria for hedge accounting and firm commitments 285 158 Financial liabilities for puttable equity instruments 2,375 2,612 Other liabilities 7,506 6,514 Total 37,803 36,431

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