Access America 2009 Annual Report Download - page 34

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FINANCIAL STATEMENTS
OF MONDIAL ASSISTANCE GROUP
Consolidated Income Statement of Mondial Assistance Group
in thousand EUR 2009 2008
Premiums earned net 1,307,101 1,197,405
- Gross premiums written 1,354,677 1,227,833
- Ceded Premiums written (8,780) (10,442)
- Change in unearned premiums (38,796) (19,986)
Claims and insurance beneļ¬ ts incurred (net) (786,407) (689,421)
- Claim current years (810,636) (709,224)
- Thereof expenses by destination (148,467) (124,100)
- Claim previous years 25,404 20,326
- Thereof expenses by destination (8,723) (10,716)
- Other technical reserves (1,175) (522)
Acquisition and administrative expenses (net) (462,853) (425,982)
- Acquisition costs (366,847) (345,123)
- Thereof expenses by destination (51,859) (52,456)
- Payments (374,781) (353,588)
- Payments gross (375,617) (355,068)
- Payments ceded 837 1,480
- Capitalisation 27,451 28,627
- Capitalisation gross 27,482 28,653
- Capitalisation ceded (30) (26)
- Amortisation (19,518) (20,162)
- Amortisation gross (19,545) (20,193)
- Amortisation ceded 28 31
- Administrative expenses (96,006) (80,859)
- Thereof expenses by destination (84,265) (64,732)
- Administration expenses gross (96,006) (80,859)
- Administration expenses ceded
UNDERWRITING RESULT 57,842 82,002
30 Mondial Assistance / ANNUAL REPORT 2009
FINANCIAL RESULTS