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Allianz Annual Report 2012

Notes to the Consolidated Income Statements 26 – Premiums earned (net) Premiums earned (net) D 097 € mn Property-Casualty Life/Health Consolidation Group 2012 Premiums written Direct 43,824 24,693 (53) 68,464 Assumed 3,065 610 (53) 3,622 Subtotal 46,889 25,303 (106) 72,086 Ceded (4,727) (662) 53 (5,336) Net 42,162 24,641 (53) 66,750 Change in unearned premiums Direct (587) (243) – (830) Assumed (18) – 4 (14) Subtotal (605) (243) 4 (844) Ceded 148 (5) (4) 139 Net (457) (248) – (705) Premiums earned Direct 43,237 24,450 (53) 67,634 Assumed 3,047 610 (49) 3,608 Subtotal 46,284 25,060 (102) 71,242 Ceded (4,579) (667) 49 (5,197) Net 41,705 24,393 (53) 66,045 2011 Premiums written Direct 41,777 24,050 – 65,827 Assumed 2,995 507 (30) 3,472 Subtotal 44,772 24,557 (30) 69,299 Ceded (4,552) (614) 30 (5,136) Net 40,220 23,943 – 64,163 Change in unearned premiums Direct (478) (169) – (647) Assumed 105 (1) 4 108 Subtotal (373) (170) 4 (539) Ceded 51 (3) (4) 44 Net (322) (173) – (495) Premiums earned Direct 41,299 23,881 – 65,180 Assumed 3,100 506 (26) 3,580 Subtotal 44,399 24,387 (26) 68,760 Ceded (4,501) (617) 26 (5,092) Net 39,898 23,770 – 63,668 Annual Report 2012    Allianz Group D Consolidated Financial Statements 219 Consolidated Balance Sheets 220 Consolidated Income Statements 221 Consolidated Statements of Comprehensive Income 222 Consolidated Statements of Changes in Equity 223 Consolidated Statements of Cash Flows 226 Notes to the Consolidated Financial Statements 311

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