Group Functions and Consolidation
Group Functions
In € million |
2025 |
2024 |
2023 |
|---|---|---|---|
Financial result |
342.8 |
548.6 |
472.6 |
Non-technical result |
–106.3 |
–68.8 |
–50.8 |
Earnings before taxes |
172.1 |
414.8 |
356.4 |
In the Group Functions segment, the financial result fell in 2025 by 37.5 per cent to €342.8 million (2024: €548.6 million).
The non-technical result in this segment amounted to €–106.3 million (2024: €–68.8 million).
As a result, earnings before taxes decreased in 2025 to €172.1 million (2024: €414.8 million).
Consolidation
In € million |
2025 |
2024 |
2023 |
|---|---|---|---|
Insurance service result |
5.4 |
3.7 |
–12.6 |
Financial result |
–463.9 |
–642.0 |
–588.9 |
Net investment income |
–350.7 |
–576.5 |
–734.5 |
Non-technical result |
1.1 |
3.1 |
15.7 |
Earnings before taxes |
–402.9 |
–580.4 |
–528.6 |
In the Consolidation segment, the insurance service result in 2025 amounted to €5.4 million (2024: €3.7 million).
The financial result in 2025 was €–463.9 million (2024: €–642.0 million). Net investment income amounted to €–350.7 million (2024: €–576.5 million).
The non-technical result was positive at €1.1 million (2024: €3.1 million).
Earnings before taxes in the Consolidation segment amounted to €–402.9 million (2024: €–580.4 million).