Group Annual Report 2025

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Consolidated income statement

Consolidated income statement

Notes

2025

2024 adjusted

in EUR ‘000

 

 

 

Insurance service result

1.

1,518,411

1,186,351

Insurance service revenue – issued business

 

13,195,975

12,138,477

Insurance service expenses – issued business

 

-11,451,282

-10,656,830

Insurance service result – reinsurance held

 

-226,282

-295,296

Total capital investment result

 

489,408

435,649

Investment result

2., 9.

2,398,037

1,884,046

Interest revenues using the effective interest rate method

2.7.

1,096,157

997,697

Impairment losses incl. reversal gains on financial instruments

 

21,731

-18,106

Realised gains and losses from financial assets measured at AC

2.8.

-9,389

-5,076

Other result from financial instruments

 

1,289,538

909,531

Income and expenses from investment property

4., 9.

46,843

60,623

Insurance finance result

1.

-1,982,568

-1,536,021

Insurance finance result – issued business

 

-2,076,762

-1,622,378

Insurance finance result – reinsurance held

 

94,194

86,357

Result from associates (equity-method)

 

27,096

27,001

Finance result

 

-82,521

-78,827

Finance income

 

2,547

3,397

Finance costs

9.

-85,068

-82,224

Other income and expenses

16.3.

-667,645

-544,964

Other income

 

375,253

344,771

Other expenses

 

-1,042,898

-889,735

Business operating result

 

1,257,653

998,209

Impairments of goodwill

3.

-72,609

-116,327

Impairments of intangible assets

13.

-23,965

-84

Reversal of impairments from intangible assets

13.

238

8

Result before taxes

 

1,161,317

881,806

Taxes

11.1.

-302,989

-234,254

Result for the period

 

858,328

647,552

Attributable to shareholders and other stakeholders of the parent company

 

834,866

626,307

Non-controlling interests

 

23,462

21,245

 

 

 

 

Earnings per share* (in EUR)

18.

6.46

4.83

*

The undiluted earnings per share equals the diluted earnings per share (in EUR).

For the adjusted figures for the previous year, please refer to the information under “Change in accounting policies” in the chapter “Principles of significant accounting policies

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