References: | (€ million) | 31/12/2017 | 31/12/2016 |
---|---|---|---|
26 | 1.1 Net earned premiums | 64,604 | 64,944 |
1.1.1 Gross earned premiums | 66,363 | 66,733 | |
1.1.2 Earned premiums ceded | -1,759 | -1,789 | |
27 | 1.2 Fee and commission income and income from financial service activities | 1,080 | 959 |
28 | 1.3 Net income from financial instruments at fair value through profit or loss | 5,326 | 1,784 |
of which net income from financial instruments where the investment risk is borne by the policyholders and related to pension funds | 4,107 | 1,706 | |
29 | 1.4 Income from subsidiaries, associated companies and joint ventures | 135 | 131 |
30 | 1.5 Income from other financial instruments and land and buildings (investment properties) | 14,880 | 14,782 |
1.5.1 Interest income | 9,542 | 9,878 | |
1.5.2 Other income | 2,221 | 2,043 | |
1.5.3 Realized gains | 2,881 | 2,604 | |
1.5.4 Unrealized gains and reversal of impairment losses | 237 | 258 | |
31 | 1.6 Other income | 3,180 | 2,916 |
1 TOTAL INCOME | 89,204 | 85,518 | |
32 | 2.1 Net insurance benefits and claims | -65,748 | -63,616 |
2.1.1 Claims paid and change in insurance provisions | -67,374 | -64,558 | |
2.1.2 Reinsurers' share | 1,626 | 942 | |
33 | 2.2 Fee and commission expenses and expenses from financial service activities | -608 | -611 |
34 | 2.3 Expenses from subsidiaries, associated companies and joint ventures | -18 | -43 |
35 | 2.4 Expenses from other financial instruments and land and buildings (investment properties) | -2,784 | -3,403 |
2.4.1 Interest expense | -1,029 | -1,088 | |
2.4.2 Other expenses | -388 | -350 | |
2.4.3 Realized losses | -612 | -471 | |
2.4.4 Unrealized losses and impairment losses | -755 | -1,494 | |
36 | 2.5 Acquisition and administration costs | -10,868 | -10,698 |
2.5.1 Commissions and other acquisition costs | -8,122 | -7,964 | |
2.5.2 Investment management expenses | -171 | -188 | |
2.5.3 Other administration costs | -2,575 | -2,546 | |
37 | 2.6 Other expenses | -5,493 | -4,032 |
2 TOTAL EXPENSES | -85,518 | -82,403 | |
EARNINGS BEFORE TAXES | 3,686 | 3,115 | |
38 | 3 Income taxes | -1,173 | -915 |
EARNINGS AFTER TAXES | 2,513 | 2,199 | |
4 RESULT OF DISCONTINUED OPERATIONS | -217 | 40 | |
CONSOLIDATED RESULT OF THE PERIOD | 2,295 | 2,239 | |
Result of the period attributable to the Group | 2,110 | 2,081 | |
Result of the period attributable to minority interests | 185 | 158 | |
16 | EARNINGS PER SHARE | ||
Basic earnings per share (€) | 1.35 | 1.34 | |
From continuing operations | 1.49 | 1.34 | |
Diluted earnings per share (€) | 1.33 | 1.32 | |
From continuing operations | 1.47 | 1.32 |