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Interim Report Third Quarter 2012

C o n s o l i d a t e d B a l a n c e S h e e t s , C o n s o l i d a t e d I n c o m e S t a t e m e n t s 5 7 Consolidated Income Statements Three months ended 30 September Nine months ended 30 September In € mn Note 2012 2011 2012 2011 Premiums written 17,231 16,463 55,057 52,940 Ceded premiums written (1,552) (1,524) (4,466) (4,252) Change in unearned premiums 715 784 (1,955) (1,782) Premiums earned (net) 21 16,394 15,723 48,636 46,906 Interest and similar income 22 5,214 5,174 15,834 15,418 Income from financial assets and liabilities carried at fair value through income (net) 23 (139) (669) (229) (1,049) Realized gains/losses (net) 24 735 906 3,038 2,505 Fee and commission income 25 2,629 2,057 7,059 6,082 Other income 26 49 39 158 103 Income from fully consolidated private equity investments 27 197 442 590 1,291 Total income 25,079 23,672 75,086 71,256 Claims and insurance benefits incurred (gross) (12,752) (12,597) (37,643) (37,069) Claims and insurance benefits incurred (ceded) 720 784 1,931 1,935 Claims and insurance benefits incurred (net) 28 (12,032) (11,813) (35,712) (35,134) Change in reserves for insurance and investment contracts (net) 29 (3,514) (2,557) (10,872) (9,155) Interest expenses 30 (355) (389) (1,105) (1,106) Loan loss provisions 31 (13) (13) (101) (62) Impairments of investments (net) 32 (101) (1,947) (711) (2,912) Investment expenses 33 (230) (247) (643) (657) Acquisition and administrative expenses (net) 34 (5,594) (4,932) (16,330) (15,057) Fee and commission expenses 35 (729) (619) (2,099) (1,925) Amortization of intangible assets (91) (23) (147) (64) Restructuring charges (13) (17) (160) (57) Other expenses 36 (25) (14) (69) (45) Expenses from fully consolidated private equity investments 27 (201) (457) (647) (1,338) Total expenses (22,898) (23,028) (68,596) (67,512) Income before income taxes 2,181 644 6,490 3,744 Income taxes 37 (744) (386) (2,288) (1,500) Net income 1,437 258 4,202 2,244 Net income attributable to: Non-controlling interests 93 62 253 191 Shareholders 1,344 196 3,949 2,053 Three months ended 30 September Nine months ended 30 September In € Note 2012 2011 2012 2011 Basic earnings per share 38 2.97 0.43 8.73 4.55 Diluted earnings per share 38 2.94 0.34 8.68 4.42

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