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Allianz Annual Report 2012

33 – Claims and insurance benefits incurred (net) Claims and insurance benefits incurred (net) D 104 € mn Property-Casualty Life/Health Consolidation Group 2012 Gross Claims and insurance benefits paid (30,149) (20,529) 25 (50,653) Change in loss and loss adjustment expenses (689) (411) 8 (1,092) Subtotal (30,838) (20,940) 33 (51,745) Ceded Claims and insurance benefits paid 2,321 479 (22) 2,778 Change in loss and loss adjustment expenses 25 75 (7) 93 Subtotal 2,346 554 (29) 2,871 Net Claims and insurance benefits paid (27,828) (20,050) 3 (47,875) Change in loss and loss adjustment expenses (664) (336) 1 (999) Total (28,492) (20,386) 4 (48,874) 2011 Gross Claims and insurance benefits paid (28,657) (21,180) 15 (49,822) Change in loss and loss adjustment expenses (1,287) (266) (1) (1,554) Subtotal (29,944) (21,446) 14 (51,376) Ceded Claims and insurance benefits paid 2,112 481 (15) 2,578 Change in loss and loss adjustment expenses (88) 18 1 (69) Subtotal 2,024 499 (14) 2,509 Net Claims and insurance benefits paid (26,545) (20,699) – (47,244) Change in loss and loss adjustment expenses (1,375) (248) – (1,623) Total (27,920) (20,947) – (48,867) 2010 Gross Claims and insurance benefits paid (28,759) (19,189) 11 (47,937) Change in loss and loss adjustment expenses 152 (258) 5 (101) Subtotal (28,607) (19,447) 16 (48,038) Ceded Claims and insurance benefits paid 2,300 451 (11) 2,740 Change in loss and loss adjustment expenses (834) 41 (5) (798) Subtotal 1,466 492 (16) 1,942 Net Claims and insurance benefits paid (26,459) (18,738) – (45,197) Change in loss and loss adjustment expenses (682) (217) – (899) Total (27,141) (18,955) – (46,096) 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 317

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