Consolidated Income Statement by Segment

Premiums written – Gross

4,278,853

3,671,168

3,305,733

2,934,166

314,280

306,597

7,898,866

6,911,931

Net earned premiums

3,375,413

2,746,753

3,272,857

2,889,442

313,335

305,498

6,961,605

5,941,693

Net investment income, not incl. at equity consolidated companies

304,372

149,085

597,280

832,168

12,279

16,306

913,931

997,559

Other income

77,862

35,262

49,556

16,663

39

35

127,457

51,960

Claims and insurance benefits

-2,175,736

-1,764,361

-3,171,921

-3,000,226

-259,700

-266,920

-5,607,357

-5,031,507

Operating expenses

-958,339

-774,998

-562,171

-531,420

-41,610

-38,692

-1,562,120

-1,345,110

Other expenses

-211,985

-126,045

-84,377

-55,301

-562

-1,038

-296,924

-182,384

Result from shares in
at equity consolidated companies

2,639

-627

1,174

5,876

392

-164

4,205

5,085

Profit before taxes

414,226

265,069

102,398

157,202

24,173

15,025

540,797

437,296

Premiums written – Gross

3,755,723

3,695,374

1,419,724

1,130,465

605,603

494,524

795,135

543,137

Net earned premiums

3,409,342

3,304,487

1,189,538

918,955

523,226

398,756

747,549

483,902

Net investment income, not incl. at equity consolidated companies

730,894

841,952

57,052

46,002

3,454

26,441

5,146

22,103

Other income

14,468

13,784

19,406

13,616

6,780

2,084

6,565

2,922

Claims and insurance benefits

-3,165,917

-3,258,253

-806,307

-631,354

-388,400

-279,592

-456,386

-269,573

Operating expenses

-599,255

-577,929

-281,578

-218,883

-96,718

-84,333

-255,404

-207,040

Other expenses

-46,975

-43,665

-73,095

-53,186

-43,351

-33,060

-21,358

-13,531

Result from shares in
at equity consolidated companies

1,770

6,425

2,435

-1,340

0

0

0

0

Profit before taxes

344,327

286,801

107,451

73,810

4,991

30,296

26,112

18,783

Romania

Other CEE markets

Other markets

Total

2008

2007

2008

2007

2008

2007

2008

2007

in EUR ‘000

Premiums written – Gross

608,216

413,490

496,353

383,770

218,112

251,171

7,898,866

6,911,931

Net earned premiums

528,174

314,936

378,778

300,317

184,998

220,340

6,961,605

5,941,693

Net investment income, not incl. at equity consolidated companies

98,620

13,756

10,250

28,603

8,515

18,702

913,931

997,559

Other income

45,147

9,751

7,085

5,729

28,006

4,074

127,457

51,960

Claims and insurance benefits

-395,436

-208,509

-254,837

-199,780

-140,074

-184,446

-5,607,357

-5,031,507

Operating expenses

-171,567

-113,912

-136,443

-114,224

-21,155

-28,789

-1,562,120

-1,345,110

Other expenses

-47,479

-11,461

-19,245

-10,399

-45,421

-17,082

-296,924

-182,384

Result from shares in
at equity consolidated companies

0

0

0

0

0

0

4,205

5,085

Profit before taxes

57,459

4,561

-14,412

10,246

14,869

12,799

540,797

437,296