| in EUR thousand |
1.1. – 31.3.2018 |
1.1. – 31.3.20171 |
| I. Cash flow from operating activities |
|
|
| Net income |
299,371 |
286,385 |
| Appreciation / depreciation |
13,768 |
1,374 |
| Net realised gains and losses on investments |
(48,844) |
(24,083) |
| Change in fair value of financial instruments (through profit or loss) |
(6,062) |
(10,945) |
| Realised gains and losses on deconsolidation |
(2,575) |
– |
| Amortisation of investments |
(136) |
13,396 |
| Changes in funds withheld |
(394,216) |
(444,377) |
| Net changes in contract deposits |
(13,630) |
117,997 |
| Changes in prepaid reinsurance premium (net) |
879,426 |
337,259 |
| Changes in tax assets / provisions for taxes |
46,774 |
45,022 |
| Changes in benefit reserve (net) |
9,030 |
47,985 |
| Changes in claims reserves (net) |
275,846 |
307,640 |
| Changes in deferred acquisition costs |
(213,681) |
(13,575) |
| Changes in other technical provisions |
12,341 |
9,516 |
| Changes in clearing balances |
(424,881) |
(424,978) |
| Changes in other assets and liabilities (net) |
194,903 |
140,501 |
| Cash flow from operating activities |
627,434 |
389,117 |
| II. Cash flow from investing activities |
(1,143,050) |
(98,170) |
| III. Cash flow from financing activities |
742,044 |
(84,583) |
| |
|
|
| IV. Exchange rate differences on cash |
(13,873) |
(4,546) |
| Cash and cash equivalents at the beginning of the period |
835,706 |
848,667 |
| Change in cash and cash equivalents (I. + II. + III. + IV.) |
212,555 |
201,818 |
| Cash and cash equivalents at the end of the period |
1,048,261 |
1,050,485 |
| |
|
|
| Supplementary information on the cash flow statement2 |
|
|
| Income taxes paid (on balance) |
(65,335) |
(56,993) |
| Dividend receipts3 |
47,690 |
54,309 |
| Interest received |
380,913 |
414,069 |
| Interest paid |
(59,082) |
(62,188) |
