Please activate JavaScript!
Please install Adobe Flash Player, click here for download

Allianz Annual Report 2013

Reserves for loss and loss adjustment expenses for the individual accident years at the respective reporting date (net) Reserves for loss and loss adjustment expenses for the Individual Accident years at the respective reporting date (net) € mn Accident year as of 31 December 2004 & Prior 2005 2006 2007 2008 2009 2010 2011 2012 2013 Total 2004 45,479 45,479 2005 34,879 14,777 49,656 2006 27,244 8,238 13,848 49,330 2007 22,174 4,878 7,612 14,012 48,676 2008 18,389 3,248 4,488 7,449 14,222 47,796 2009 16,042 2,334 3,432 5,038 7,620 14,074 48,540 2010 14,462 1,811 2,815 3,911 5,666 7,456 14,729 50,850 2011 13,682 1,442 2,440 2,973 4,337 5,147 7,218 15,596 52,835 2012 13,750 1,640 2,026 2,417 3,249 4,061 5,238 7,861 15,564 55,806 2013 12,554 1,334 1,662 1,953 2,601 3,117 3,837 5,190 7,239 13,957 53,444 Ultimate loss for the individual accident years at the respective reporting date (net) Ultimate loss for the individual accident years at the respective reporting date (net) € mn Accident year as of 31 December 2004 & Prior 2005 2006 2007 2008 2009 2010 2011 2012 2013 Total 2004 68,732 2005 68,848 26,658 2006 66,823 26,751 25,608 2007 65,546 25,449 25,775 26,643 2008 64,568 24,977 24,294 26,477 27,352 2009 64,440 24,594 24,193 25,810 28,100 27,442 2010 64,434 24,503 24,162 25,617 28,297 27,512 28,823 2011 64,801 24,428 24,184 25,366 28,002 26,928 28,257 29,912 2012 66,080 24,823 24,035 25,293 27,630 26,949 28,249 29,611 30,006 2013 66,033 24,718 23,937 25,152 27,479 26,717 27,961 29,030 28,861 29,406 Surplus 1 2,699 1,940 1,671 1,491 (127) 725 862 882 1,145 –3 11,288 Reduction 2013 to 2012 2 47 105 98 141 151 232 288 581 1,145 –3 2,788 1 Includes effects from foreign currency translation adjustments and other changes. 2 The total reduction 2013 to 2012 of € 2,788  mn represents the cumulative surplus from reestimating the ultimate loss for prior year claims. Considering foreign currency translation adjustments of net € (1,184)  mn as well as changes in the consolidated subsidiares and other changes of in total € 85  mn, this leads to an effective run-off result of net € 1,689  mn, which can be found in the table “Change in the reserves for loss and loss adjustment expenses” within this note. 3 Presentation not meaningful. Annual Report 2013    Allianz Group184

Pages Overview