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Allianz Annual Report 2012

Annual Report 2012    Allianz Group The amounts recognized for major classes of identifiable assets acquired and liabilities assumed are as follows: mensura – major classes of assets acquired and liabilities assumed D 012 € mn Fair value Cash and cash equivalents 22 Investments 918 Reinsurance assets 30 Deferred acquisition costs 2 Deferred tax assets 5 Other assets 80 Total assets 1,057 Financial liabilities carried at fair value through income 4 Unearned premiums 26 Reserves for loss and loss adjustment expenses 992 Other liabilities 32 Total liabilities 1,054 Total identifiable net assets 3 Goodwill (3) Consideration paid in cash – The negative goodwill of € 3 mn arising from the acquisition is derived from the development of the value of the ac- quired business between 1 January 2012 and 1 August 2012. Theamounthasbeenrecognized,asoftheacquisitiondate, in the consolidated income statement and is reported in realized gains/losses (net). Significant acquisitions Significant acquisitions D 011 Equity interest Date of first-time consolidation Segment Goodwill 1 Transaction % € mn 2012 Insurance activities of Mensura CCA, Brussels – 8/1/2012 Property-Casualty (3) Acquisition Brokerage portfolio-related activities of Gan Eurocourtage, Paris – 10/1/2012 Property-Casualty 67 Acquisition 2011 Europensiones S.A. Entidad Gestora de Fondos de Pensiones, Madrid 60.0 9/8/2011 Asset Management 452 Acquisition Popular Gestión S.G.I.I.C. S.A., Madrid 60.0 9/8/2011 Asset Management – Obtain control 1 At the date of first-time consolidation. 2012 significant acquisitions Insurance activities of Mensura CCA including Mensura Assurances SA, Brussels Effective as of 1 August 2012, ­Allianz Belgium acquired the assets and assumed the liabilities related to the insurance activities of Mensura CCA and its 100 % subsidiary Mensura Assurances SA. Through this acquisition, ­Allianz Belgium completed its range of products for the self-employed, SMEs and large companies with worker’s accident insurance. The transaction was approved by the General Assembly of Mensura CCA on 13 July 2012 and by the Belgian National Bank on 17 July 2012. No consideration has been paid in the course of this trans- action. Acquisition-related costs in the amount of € 1 mn are included in administrative expenses. 252