Consolidated cash flow statement for the period from 1 January 2014 to 31 December 2014

Profit for the period

Change in underwriting provisions net

Change in underwriting receivables and liabilities

Change in deposits on assumed and ceded reinsurance and reinsurance receivables and liabilities

Change in other receivables and liabilities

Change in securities held for trading

Gain/loss from disposal of investments

Write-downs/write-ups of all other investments

Change in pension, severance and other personnel provisions

Change in deferred tax asset/liability excl. tax liabilities

Change in other balance sheet items

Change in goodwill and other intangible assets

Other non-cash income and expenses and adjustments to the result of the period¹

Cash flow from operating activities

Cash inflow from the sale of fully and at equity consolidated companies

Payments for the acquisition of fully and at equity consolidated companies

Cash inflow from the sale of securities available for sale

Payments for the acquisition of available for sale securities

Cash inflow from the sale of securities held to maturity

Payments for the addition of securities held to maturity

Cash inflow from the sale of land and buildings

Payments for the acquisition of land and buildings

Change in unit- and index-linked life insurance items

Change in other investments

Cash flow from investing activities

Corporate actions, incl. hybrid capital

Increase in subordinated liabilities

Decrease of subordinated liabilities

Dividend payments

Cash inflow from other financing activities

Cash outflow from other financing activities

Cash flow from financing activities

Change in cash and cash equivalents

Cash and cash equivalents at beginning of period

Change in cash and cash equivalents

Additions/disposals from change in consolidation method

Expected cash flow from reclassified securities