References | (€ million) | 31/12/2015 | 31/12/2014 | |||
---|---|---|---|---|---|---|
26 | 1.1 | Net earned premiums | 68,507 | 64,322 | ||
1.1.1 | Gross earned premiums | 70,400 | 66,324 | |||
1.1.2 | Earned premiums ceded | -1,894 | -2,003 | |||
27 | 1.2 | Fee and commission income and income from financial service activities | 1,094 | 967 | ||
28 | 1.3 | Net income from financial instruments at fair value through profit or loss | 1,941 | 3,510 | ||
of which net income from financial instruments where the investment risk is borne by the policyholders and related to pension funds | 2,275 | 3,293 | ||||
29 | 1.4 | Income from subsidiaries, associated companies and joint ventures | 130 | 191 | ||
30 | 1.5 | Income from other financial instruments and land and buildings (investment properties) | 16,219 | 15,991 | ||
1.5.1 | Interest income | 10,075 | 9,919 | |||
1.5.2 | Other income | 2,065 | 2,117 | |||
1.5.3 | Realized gains | 3,873 | 3,761 | |||
1.5.4 | Unrealized gains and reversal of impairment losses | 206 | 194 | |||
31 | 1.6 | Other income | 4,070 | 3,301 | ||
1 | TOTAL INCOME | 91,961 | 88,282 | |||
32 | 2.1 | Net insurance benefits and claims | -69,091 | -67,003 | ||
2.1.1 | Claims paid and change in insurance provisions | -70,204 | -68,280 | |||
2.1.2 | Reinsurers' share | 1,113 | 1,276 | |||
2.2 | Fee and commission expenses and expenses from financial service activities | -586 | -470 | |||
2.3 | Expenses from subsidiaries, associated companies and joint ventures | -16 | -68 | |||
35 | 2.4 | Expenses from other financial instruments and land and buildings (investment properties) | -3,215 | -3,461 | ||
2.4.1 | Interest expense | -1,103 | -1,298 | |||
2.4.2 | Other expenses | -390 | -421 | |||
2.4.3 | Realized losses | -686 | -435 | |||
2.4.4 | Unrealized losses and impairment losses | -1,035 | -1,307 | |||
36 | 2.5 | Acquisition and administration costs | -10,856 | -10,489 | ||
2.5.1 | Commissions and other acquisition costs | -8,179 | -7,884 | |||
2.5.2 | Investment management expenses | -96 | -103 | |||
2.5.3 | Other administration costs | -2,581 | -2,502 | |||
37 | 2.6 | Other expenses | -4,792 | -3,838 | ||
2 | TOTAL EXPENSES | -88,555 | -85,329 | |||
EARNINGS BEFORE TAXES | 3,407 | 2,953 | ||||
38 | 3 | Income taxes | -1,112 | -1,033 | ||
EARNINGS AFTER TAXES | 2,295 | 1,921 | ||||
4 | RESULT OF DISCONTINUED OPERATIONS | -35 | -69 | |||
CONSOLIDATED RESULT OF THE PERIOD | 2,259 | 1,852 | ||||
Result of the period attributable to the Group | 2,030 | 1,670 | ||||
Result of the period attributable to minority interests | 229 | 182 | ||||
16 | EARNINGS PER SHARE: | |||||
Basic earnings per share (€) | 1.30 | 1.07 | ||||
from continuing operations | 1.33 | 1.13 | ||||
Diluted earnings per share (€) | 1.29 | 1.06 | ||||
from continuing operations | 1.31 | 1.11 |