Access America 2010 Annual Report Download - page 39
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Income statement
in thousand EUR 2010 2009
Gross total turnover (written premiums and service revenues) 1,892,428 1,673,402
Net earned premiums and service income 1,844,966 1,643,396
Insurance claims (884,978) (786,407)
Costs (883,162) (791,053)
Operating Result 76,826 65,936
Financial operating result 21,805 27,926
Operating Profit 98,631 93,862
Result after taxes 66,783 58,152
Minority interests in earnings 424 (2,162)
GROUP RESULT (NET INCOME) 67,207 55,990
Balance sheet
in thousand EUR 2010 2009
ASSETS
Intangible fixed assets 48,170 43,034
Tangible fixed assets 52,873 54,602
Investments 668,263 603,031
Accounts receivable 365,742 349,226
Cash and cash equivalents 360,914 349,263
Total remaining assets 135,545 110,909
TOTAL ASSETS 1,631,507 1,510,066
KEY RATIOS
Shareholders’ equity 443,482 408,355
Minority interest in shareholders’ equity 7,986 10,854
Technical provisions 771,463 687,603
Non-technical provisions 103,018 87,870
Other liabilities 283,218 297,671
Deferred taxes – liabilities 22,340 17,713
Total liabilities 1,188,025 1,101,710
TOTAL SHAREHOLDERS’ EQUITY AND LIABILITIES 1,631,507 1,510,066
Consolidated income statement for the financial year 2010
in % 2010 2009
Return on equity 15.8 14.2
Return on earned premiums and service income (before taxes) 5.1 5.9
Combined Ratio 95.8 95.9
Growth on net earned premiums and service income 12.3 4.8
Business years 2009 - 2010
Allianz Global Assistance / Annual Report 2010–35