Income statements

References:(€ million)31/12/201831/12/2017
26 1.1 Net earned premiums 63,405 61,137
  1.1.1 Gross earned premiums 65,192 62,876
  1.1.2 Earned premiums ceded -1,786 -1,739
27 1.2 Fee and commission income and income from financial service activities 1,028 1,002
28 1.3 Net income from financial instruments at fair value through profit or loss -6,008 4,826
  of which net income from financial instruments where the investment risk is borne by the policyholders and related to pension funds -5,835 3,849
29 1.4 Income from subsidiaries, associated companies and joint ventures 166 134
30 1.5 Income from other financial instruments and land and buildings (investment properties) 12,712 13,155
  1.5.1 Interest income 8,158 8,453
  1.5.2 Other income 2,250 2,065
  1.5.3 Realized gains 2,146 2,421
  1.5.4 Unrealized gains and reversal of impairment losses 157 216
31 1.6 Other income 3,397 3,164
  1 TOTAL INCOME 74,699 83,418
32 2.1 Net insurance benefits and claims -52,032 -60,853
  2.1.1 Claims paid and change in insurance provisions -53,239 -62,472
  2.1.2 Reinsurers' share 1,207 1,619
33 2.2 Fee and commission expenses and expenses from financial service activities -576 -565
34 2.3 Expenses from subsidiaries, associated companies and joint ventures -16 -17
35 2.4 Expenses from other financial instruments and land and buildings (investment properties) -3,467 -2,667
  2.4.1 Interest expense -1,010 -1,020
  2.4.2 Other expenses -355 -337
  2.4.3 Realized losses -680 -560
  2.4.4 Unrealized losses and impairment losses -1,423 -750
36 2.5 Acquisition and administration costs -10,682 -10,473
  2.5.1 Commissions and other acquisition costs -8,015 -7,903
  2.5.2 Investment management expenses -228 -150
  2.5.3 Other administration costs -2,438 -2,420
37 2.6 Other expenses -4,477 -5,332
  2 TOTAL EXPENSES -71,250 -79,908
  EARNINGS BEFORE TAXES 3,450 3,511
38 3 Income taxes -1,126 -1,147
  EARNINGS AFTER TAXES 2,324 2,364
  4 RESULT OF DISCONTINUED OPERATIONS 173 -68
  CONSOLIDATED RESULT OF THE PERIOD 2,497 2,295
  Result of the period attributable to the Group 2,309 2,110
  Result of the period attributable to minority interests 189 185
16 EARNINGS PER SHARE    
  Basic earnings per share (€) 1.48 1.35
  From continuing operations 1.37 1.40
  Diluted earnings per share (€) 1.46 1.33
  From continuing operations 1.35 1.38