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Allianz Annual Report 2013

Annual Report 2013    Allianz Group200 33 – Claims and insurance benefits incurred (net) Claims and insurance benefits incurred (net) € mn Property- Casualty Life/Health Consoli- dation Group 2013 Gross Claims and insurance benefits paid (31,235) (20,215) 32 (51,418) Change in loss and loss adjustment expenses 1,589 (353) 4 1,240 Subtotal (29,646) (20,568) 36 (50,178) Ceded Claims and insurance benefits paid 2,255 462 (26) 2,691 Change in loss and loss adjustment expenses (322) 10 (3) (315) Subtotal 1,933 472 (29) 2,376 Net Claims and insurance benefits paid (28,980) (19,753) 6 (48,727) Change in loss and loss adjustment expenses 1,267 (343) 1 925 Total (27,713) (20,096) 7 (47,802) 2012 Gross Claims and insurance benefits paid (30,148) (20,529) 25 (50,652) Change in loss and loss adjustment expenses (689) (411) 8 (1,092) Subtotal (30,837) (20,940) 33 (51,744) 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 (27,827) (20,050) 3 (47,874) Change in loss and loss adjustment expenses (664) (336) 1 (999) Total (28,491) (20,386) 4 (48,873) 34 – Change in reserves for insurance and investment contracts (net) Change in reserves for insurance and investment contracts (net) € mn Property- Casualty Life/Health Consoli- dation Group 2013 Gross Aggregate policy reserves (232) (7,545) (4) (7,781) Other insurance reserves 7 (208) – (201) Expenses for premium refunds (161) (5,959) (46) (6,166) Subtotal (386) (13,712) (50) (14,148) Ceded Aggregate policy reserves 3 140 – 143 Other insurance reserves – 9 – 9 Expenses for premium refunds (1) 7 – 6 Subtotal 2 156 – 158 Net Aggregate policy reserves (229) (7,405) (4) (7,638) Other insurance reserves 7 (199) – (192) Expenses for premium refunds (162) (5,952) (46) (6,160) Total (384) (13,556) (50) (13,990) 2012 Gross Aggregate policy reserves (135) (7,666) 50 (7,751) Other insurance reserves (5) (78) – (83) Expenses for premium refunds (292) (6,377) (9) (6,678) Subtotal (432) (14,121) 41 (14,512) 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) (6,364) (9) (6,665) Total (430) (13,971) 41 (14,360)

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