ANNUAL REPORT 2006
Insurance | Asset Management | Banking
Shareholder Company Success Factors Business Development Consolidated Financial Statements

Allianz Group Consolidated Income Statements

Consolidated Income Statements


          Note       

2006

 mn

      

2005

mn

      

2004

mn

Premiums earned (net)     24     58,524     57,682     56,789
Interest and similar income     25     23,956     22,644     21,196
Income from financial assets and liabilities carried at fair value through income (net)     26     940     1,163     1,677
Realized gains/losses (net)     27     6,151     4,978     4,568
Fee and commission income     28     8,856     8,162     6,813
Other income     29     86     92     329

Income from fully consolidated private equity investments

    30     1,392     598     175
Total income            99,905     95,319     91,547
                            
Claims and insurance benefits incurred (net)     31     (42,297)     (42,770)     (42,806)
Change in reserves for insurance and investment contracts (net)     32     (11,375)     (11,176)     (9,556)
Interest expense     33     (5,759)     (6,377)     (5,688)
Loan loss provisions     34     (36)     109     (354)
Impairments of investments (net)     35     (775)     (540)     (1,475)
Investment expenses     36     (1,108)     (1,092)     (767)
Acquisition and administrative expenses (net)     37     (23,486)     (22,559)     (21,969)
Fee and commission expenses     38     (2,351)     (2,312)     (1,804)
Amortization of intangible assets            (51)     (50)     (1,362)
Restructuring charges     49     (964)     (100)     (347)
Other expenses     39     1     (51)     (200)

Expenses from fully consolidated private equity investments

    40     (1,381)     (572)     (175)
Total expenses            (89,582)     (87,490)     (86,503)
                            
Income before income taxes and minority interests in earnings            10,323     7,829     5,044
Income taxes     41     (2,013)     (2,063)     (1,610)
Minority interests in earnings            (1,289)     (1,386)     (1,168)
Net income               7,021       4,380       2,266
                                    
          Note       

2006

      

2005

      

2004

Basic earnings per share     50     17.09     11.24     6.19
Diluted earnings per share       50       16.78       11.14       6.16
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