INCOME STATEMENT
References: | | | | (€ million) | 31/12/2016 | 31/12/2015 |
26 | | 1.1 | | Net earned premiums |
65,352 |
68,507 |
| | | 1.1.1 | Gross earned premiums |
67,176 |
70,400 |
| | | 1.1.2 | Earned premiums ceded |
-1,824 |
-1,894 |
27 | | 1.2 | | Fee and commission income and income from financial service activities |
1,010 |
1,094 |
28 | | 1.3 | | Net income from financial instruments at fair value through profit or loss |
1,822 |
1,941 |
| | | | of which net income from financial instruments where the investment risk is borne by the policyholders and related to pension funds |
1,727 |
2,275 |
29 | | 1.4 | | Income from subsidiaries, associated companies and joint ventures |
133 |
130 |
30 | | 1.5 | | Income from other financial instruments and land and buildings (investment properties) |
14,860 |
16,219 |
| | | 1.5.1 | Interest income |
9,955 |
10,075 |
| | | 1.5.2 | Other income |
2,043 |
2,065 |
| | | 1.5.3 | Realized gains |
2,605 |
3,873 |
| | | 1.5.4 | Unrealized gains and reversal of impairment losses |
258 |
206 |
31 | | 1.6 | | Other income |
2,927 |
4,070 |
| 1 | | | TOTAL INCOME |
86,103 |
91,961 |
32 | | 2.1 | | Net insurance benefits and claims |
-63,963 |
-69,091 |
| | | 2.1.1 | Claims paid and change in insurance provisions |
-64,916 |
-70,204 |
| | | 2.1.2 | Reinsurers' share |
953 |
1,113 |
33 | | 2.2 | | Fee and commission expenses and expenses from financial service activities |
-611 |
-586 |
34 | | 2.3 | | Expenses from subsidiaries, associated companies and joint ventures |
-43 |
-16 |
35 | | 2.4 | | Expenses from other financial instruments and land and buildings (investment properties) |
-3,425 |
-3,215 |
| | | 2.4.1 | Interest expense |
-1,110 |
-1,103 |
| | | 2.4.2 | Other expenses |
-350 |
-390 |
| | | 2.4.3 | Realized losses |
-471 |
-686 |
| | | 2.4.4 | Unrealized losses and impairment losses |
-1,495 |
-1,035 |
36 | | 2.5 | | Acquisition and administration costs |
-10,838 |
-10,856 |
| | | 2.5.1 | Commissions and other acquisition costs |
-8,056 |
-8,179 |
| | | 2.5.2 | Investment management expenses |
-188 |
-96 |
| | | 2.5.3 | Other administration costs |
-2,594 |
-2,581 |
37 | | 2.6 | | Other expenses |
-4,066 |
-4,792 |
| 2 | | | TOTAL EXPENSES |
-82,947 |
-88,555 |
| | | | EARNINGS BEFORE TAXES |
3,157 |
3,407 |
38 | 3 | | | Income taxes |
-918 |
-1,112 |
| 4 | | | EARNINGS AFTER TAXES |
2,239 |
2,295 |
| | | | RESULT OF DISCONTINUED OPERATIONS |
0 |
-35 |
| | | | CONSOLIDATED RESULT OF THE PERIOD |
2,239 |
2,259 |
| | | | Result of the period attributable to the Group |
2,081 |
2,030 |
| | | | Result of the period attributable to minority interests |
158 |
229 |
16 | | | | EARNING PER SHARE |
|
|
| | | | Basic earnings per share (€) |
1.34 |
1.30 |
| | | | From continuing operations |
1.34 |
1.33 |
| | | | Diluted earnings per share (€) |
1.32 |
1.29 |
| | | | From continuing operations |
1.32 |
1.31 |