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Allianz Annual Report 2012

34 – Change in reserves for insurance and investment contracts (net) Change in reserves for insurance and investment contracts (net) D 105 € mn Property-Casualty Life/Health Consolidation Group 2012 Gross Aggregate policy reserves (135) (7,666) 50 (7,751) Other insurance reserves (5) (78) – (83) Expenses for premium refunds (292) (6,376) (9) (6,677) Subtotal (432) (14,120) 41 (14,511) Ceded Aggregate policy reserves 2 131 – 133 Other insurance reserves – 6 – 6 Expenses for premium refunds – 13 – 13 Subtotal 2 150 – 152 Net Aggregate policy reserves (133) (7,535) 50 (7,618) Other insurance reserves (5) (72) – (77) Expenses for premium refunds (292) (6,363) (9) (6,664) Total (430) (13,970) 41 (14,359) 2011 Gross Aggregate policy reserves (157) (6,210) – (6,367) Other insurance reserves 10 (152) – (142) Expenses for premium refunds (118) (4,388) (103) (4,609) Subtotal (265) (10,750) (103) (11,118) Ceded Aggregate policy reserves (16) 113 – 97 Other insurance reserves 1 12 – 13 Expenses for premium refunds 8 7 – 15 Subtotal (7) 132 – 125 Net Aggregate policy reserves (173) (6,097) – (6,270) Other insurance reserves 11 (140) – (129) Expenses for premium refunds (110) (4,381) (103) (4,594) Total (272) (10,618) (103) (10,993) 2010 Gross Aggregate policy reserves (146) (8,126) – (8,272) Other insurance reserves 3 (255) – (252) Expenses for premium refunds (185) (5,010) (242) (5,437) Subtotal (328) (13,391) (242) (13,961) Ceded Aggregate policy reserves 23 32 – 55 Other insurance reserves 1 12 – 13 Expenses for premium refunds 4 18 – 22 Subtotal 28 62 – 90 Net Aggregate policy reserves (123) (8,094) – (8,217) Other insurance reserves 4 (243) – (239) Expenses for premium refunds (181) (4,992) (242) (5,415) Total (300) (13,329) (242) (13,871) Annual Report 2012    Allianz Group318

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