| Insurance contracts |
5. Insurance contracts The following tables provide reconciliations of the Company’s portfolios of insurance and reinsurance contracts, showing the change in insurance and reinsurance contract receivables (liabilities) as of September 30, 2025 and December 31, 2024. These receivables and liabilities are recognized in the consolidated balance sheets within trade accounts and other receivables from unrelated parties and accounts payable to unrelated parties, respectively. Reinsurance contract receivables and liabilities in € K | | | | | | | | | | | | | | | September 30, 2025 | | December 31, 2024 | | | Present | | Risk | | | | Present | | Risk | | | | | value of | | adjustment | | | | value of | | adjustment | | | | | future cash | | for non- | | | | future cash | | for non- | | | | | flows | | financial risk | | Total | | flows | | financial risk | | Total | Reinsurance contract receivables (liabilities) at the beginning of the period | | (9,287) | | (701) | | (9,988) | | 53,137 | | (931) | | 52,206 | Incurred claims and other directly attributable expenses | | (211,569) | | 138 | | (211,431) | | (245,035) | | 278 | | (244,757) | Changes that relate to past service – changes in the fulfillment cash-flows relating to liabilities for incurred claims (LIC)(1) | | 18,885 | | — | | 18,885 | | (58,654) | | — | | (58,654) | Claims and other directly attributable expenses paid | | (393,123) | | — | | (393,123) | | (562,067) | | — | | (562,067) | Premium revenue | | 614,687 | | — | | 614,687 | | 802,597 | | — | | 802,597 | Foreign currency translation and other changes | | (295) | | 75 | | (220) | | 735 | | (48) | | 687 | Reinsurance contract receivables (liabilities) at the end of the period | | 19,298 | | (488) | | 18,810 | | (9,287) | | (701) | | (9,988) |
| (1) | Changes that relate to past service include premium revenue, or a reduction in premium revenue, for past performance years of €14,408 and (€14,916) as of September 30, 2025 and December 31, 2024, respectively. |
Insurance contract receivables and liabilities in € K | | | | | | | | | | | | | | | September 30, 2025 | | December 31, 2024 | | | Present | | Risk | | | | Present | | Risk | | | | | value of | | adjustment | | | | value of | | adjustment | | | | | future cash | | for non- | | | | future cash | | for non- | | | | | flows | | financial risk | | Total | | flows | | financial risk | | Total | Insurance contract receivables (liabilities) at the beginning of the period | | (7,751) | | (588) | | (8,339) | | 27,389 | | (553) | | 26,836 | Incurred claims and other directly attributable expenses | | (494,763) | | 116 | | (494,647) | | (242,885) | | — | | (242,885) | Changes that relate to past service – changes in the fulfillment cash-flows relating to LIC(1) | | 1,581 | | — | | 1,581 | | (16,108) | | — | | (16,108) | Claims and other directly attributable expenses paid | | (398,165) | | — | | (398,165) | | (604,843) | | — | | (604,843) | Premium revenue | | 906,573 | | — | | 906,573 | | 828,437 | | — | | 828,437 | Foreign currency translation and other changes | | 173 | | 62 | | 235 | | 259 | | (35) | | 224 | Insurance contract receivables (liabilities) at the end of the period | | 7,648 | | (410) | | 7,238 | | (7,751) | | (588) | | (8,339) |
| (1) | Changes that relate to past service include premium revenue, or a reduction in premium revenue, for past performance years of €23,549 and (€2,095) as of September 30, 2025 and December 31, 2024, respectively. |
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