119 NOTES CONSOLIDATED FINANCIAL STATEMENTS Chap. 3 * fully consolidated figures Life/health Property/casualty 2007 2006 2007 2006 '000 '000 '000 '000 Total premiums 10,729,852 10,415,006 3,038,601 2,992,551 less: savings portions (in acc. with FAS 97) -1,962,742 -1,620,388 -- -- less: premiums of investment contracts (in acc. with IAS 39) -34,324 -43,977 -- -- Gross premiums written (under Income Statement) 8,732,786 8,750,641 3,038,601 2,992,551 Reinsurance premiums ceded -165,476 -160,504 -75,795 -85,845 Net premiums written 8,567,310 8,590,137 2,962,806 2,906,706 Change of gross unearned premiums -397 -338 -2,803 -7,578 Change of premium components carried as a liability -103,477 -98,104 -- -- Change of the reinsurers' share in gross unearned premiums -- -- 889 -689 Earned premiums (net) 8,463,436 8,491,695 2,960,892 2,898,439 Out of the directly written gross premiums, 0.4 percent (previous year: 0.4 percent) are attributable to foreign countries. The gross premiums written of assumed reinsurance business amount to 6,086 thousand (previous year: 6,565 thousand). Unit-linked products where the policyholder bears the investment risk are recognized in compliance with the standard FAS 97. Contracts under which no significant insurance risk is assumed and no discretionary participation features are paid are recognized in compliance with the rules of IAS 39. 2007 2006 '000 '000 Life insurance business 6,990,874 7,084,407 Health insurance business 1,741,310 1,665,505 Property/casualty insurance business Motor insurance 1,185,766 1,176,220 General liability insurance 416,149 408,547 Personal accident insurance 455,423 445,021 Householders insurance 228,645 228,402 Fire insurance 48,176 48,984 Homeowners insurance 236,156 227,709 Legal expenses insurance 186,171 180,895 Other classes 276,631 270,937 Total property/casualty 3,033,117 2,986,715 Gross premiums written, direct business 11,765,301 11,736,627 Gross premiums written of direct insurance business Supplementary information on the Consolidated Income Statement 2007 6 Earned premiums (net)*