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Risk report
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Consolidated cash flow statement as at 30 June 2017
| in EUR thousand | 1.1. – 30.6.2017 | 1.1. – 30.6.20161 |
|---|---|---|
| I. Cash flow from operating activities | ||
| Net income | 573,816 | 516,393 |
| Appreciation / depreciation | 15,430 | 71,454 |
| Net realised gains and losses on investments | (83,361) | (79,528) |
| Change in fair value of financial instruments (through profit or loss) | (10,586) | (20,539) |
| Realised gains and losses on deconsolidation | – | (1,404) |
| Income from the recognition of negative goodwill | – | (10,543) |
| Amortisation of investments | 26,963 | 40,730 |
| Changes in funds withheld | (471,605) | (141,771) |
| Net changes in contract deposits | 97,801 | (379,225) |
| Changes in prepaid reinsurance premium (net) | 600,140 | 271,029 |
| Changes in tax assets / provisions for taxes | 65,818 | 40,911 |
| Changes in benefit reserve (net) | (10,858) | 284,727 |
| Changes in claims reserves (net) | 756,222 | 479,425 |
| Changes in deferred acquisition costs | (123,228) | 31,235 |
| Changes in other technical provisions | 15,941 | (24,909) |
| Changes in clearing balances | (536,419) | (234,255) |
| Changes in other assets and liabilities (net) | (8,235) | (96,729) |
| Cash flow from operating activities | 907,839 | 747,001 |
| II. Cash flow from investing activities | ||
| Fixed-income securities – held to maturity | ||
| Maturities | 123,402 | 338,632 |
| Fixed-income securities – loans and receivables | ||
| Maturities, sales | 180,196 | 75,380 |
| Purchases | (96,303) | (36,836) |
| Fixed-income securities – available for sale | ||
| Maturities, sales | 4,783,413 | 5,354,187 |
| Purchases | (4,997,319) | (5,530,034) |
| Fixed-income securities – at fair value through profit or loss | ||
| Maturities, sales | 3,691 | 16,765 |
| Purchases | – | (10,688) |
| Equity securities – available for sale | ||
| Sales | 11,572 | 23,087 |
| Purchases | (13,850) | (409,650) |
| Other financial assets – at fair value through profit or loss | ||
| Sales | 32,383 | 26,637 |
| Purchases | (58,743) | (10,445) |
| Other invested assets | ||
| Sales | 90,130 | 167,148 |
| Purchases | (149,798) | (159,760) |
| Affiliated companies and participating interests | ||
| Sales | 47,160 | 13,685 |
| Purchases | (61,221) | (28,128) |
| Real estate and real estate funds | ||
| Sales | 131,199 | 37,261 |
| Purchases | (137,987) | (45,098) |
| Short-term investments | ||
| Changes | (49,695) | 289,106 |
| Other changes (net) | (1,552) | (9,970) |
| Cash flow from investing activities | (163,322) | 101,279 |
| III. Cash flow from financing activities | ||
| Contribution from capital measures | 54 | 2,191 |
| Payment on capital measures | (4,927) | (10,024) |
| Structural change without loss of control | – | 11 |
| Dividends paid | (646,997) | (611,594) |
| Proceeds from long-term debts | 127 | 121 |
| Repayment of long-term debts | (39,786) | (995) |
| Other changes | (54) | (13) |
| Cash flow from financing activities | (691,583) | (620,303) |
| IV. Exchange rate differences on cash | (37,894) | (7,248) |
| Cash and cash equivalents at the beginning of the period | 848,667 | 820,995 |
| Change in cash and cash equivalents (I. + II. + III. + IV.) | 15,040 | 220,729 |
| Cash and cash equivalents at the end of the period | 863,707 | 1,041,724 |
| Supplementary information on the cash flow statement2 | ||
| Income taxes paid (on balance) | (135,732) | (152,301) |
| Dividend receipts3 | 112,074 | 67,236 |
| Interest received | 803,236 | 746,684 |
| Interest paid | (142,925) | (100,169) |
| 1 Restated pursuant to IAS 8 and IFRS 3 (cf. section 3) 2 The income taxes paid, dividend receipts as well as interest received and paid are included entirely in the cash flow from operating activities. 3 Including dividend-like profit participations from investment funds |
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