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Published: Dec, 2014 | Pages:
257 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)
Synopsis
Life insurance was the second-largest segment in the Greek insurance industry in 2013, accounting for 40.0% of the industry's total gross written premiums. The segment's value declined at a review-period (2009-2013) compound annual growth rate (CAGR) of -10.5%. The economy depleted after the eurozone debt crisis, due to factors such as a rise in levels of unemployment, decline in income levels and decreasing GDP. The level of awareness of the need for life insurance products in Greece is generally low. The life insurance penetration rate for the Greek life insurance segment as a percentage of GDP was 0.89% in 2013; much lower than the UK's 8.7% and Germany's 3.4%. The low penetration signifies a highly underpenetrated segment, with a lot of scope for growth. The segment is expected to record a forecast-period (2013-2018) CAGR of 2.9%. Growth will be driven by a gradual recovery in the Greek economy.
Summary
The report provides in-depth market analysis, information and insights into the Greek life insurance segment, including: The Greek life insurance segment's growth prospects by life insurance category Key trends and drivers for the life insurance segment The various distribution channels in the Greek life insurance segment The detailed competitive landscape in the life insurance segment in Greece Detailed regulatory policies of the Greek insurance industry Analysis of various consumer segments in Greek life insurance Key developments in the Greek life insurance segment New products launched by Greek life insurers
Scope
This report provides a comprehensive analysis of the life insurance segment in Greece: It provides historical values for the Greek life insurance segment for the report's 2009-2013 review period, and projected figures for the 2013-2018 forecast period. It offers a detailed analysis of the key categories in the Greek life insurance segment, along with market forecasts until 2018. It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions. It analyses the various distribution channels for life insurance products in Greece. It profiles the top life insurance companies in Greece and outlines the key regulations affecting them.
Reason To Buy
Make strategic business decisions using in-depth historic and forecast market data related to the Greek life insurance segment and each category within it. Understand the demand-side dynamics, key market trends and growth opportunities in the Greek life insurance segment. Assess the competitive dynamics in the life insurance segment. Identify the growth opportunities and market dynamics in key product categories. Gain insights into key regulations governing the Greek insurance industry and their impact on companies and the industry's future.
Key Highlights
The segment is concentrated, with the 10 leading companies accounting for 87.8% of the segment's gross written premium in 2013. The population belonging to the 40-64 age group was a significant driver of the life insurance segment during the review period. The life segment accounted for 40.0% of the overall insurance industry's gross written premium in 2013. Agencies emerged as the most popular distribution channel in the life segment. The channel's share in terms of new business gross written premium by distribution channel declined from 57.2% in 2009 to 56.2% in 2013. As part of its measures to improve its fiscal position, the government passed Tax Law No.4110 in 2013. The rise in the number of internet subscribers encouraged many Greek insurers to market their products online. E-commerce is expected to emerge as the second-fastest-growing distribution channel, registering a forecast-period CAGR of 1.5%. Life insurers are emphasizing the development of income protection plans with the aim of targeting people who are uncertain about their future income. Income protection plans act as financial protection to the insured's family during unforeseen events, such as the sudden death of the policyholder (insured) following an illness or accident.
Table of Contents
1 Key Facts and Top Events 2 Executive Summary 3 Introduction 3.1 What is this Report About? 3.2 Definitions 3.3 Methodology 4 Greek Insurance Industry Attractiveness 4.1 Insurance Industry Size, 2009-2018 5 Life Insurance Outlook 5.1 Consumer Segmentation 5.2 Key Drivers 5.3 Key Trends 5.4 Challenges 5.5 Life Insurance Growth Prospects by Category 5.6 Individual Life Insurance 5.6.1 Individual whole life insurance 5.6.2 Individual pension insurance 5.6.3 Other individual other insurance 5.7 Life Insurance Growth Prospects by Customer Segment 5.7.1 Individual single-premium insurance 5.7.2 Individual non-single-premium insurance 5.8 Life Insurance Growth Prospects by Product Type 5.8.1 Total linked insurance business 5.8.2 Total non-linked insurance business 6 Analysis by Distribution Channel 6.1 Direct Marketing 6.2 Bancassurance 6.3 Agencies 6.4 E-commerce 6.5 Brokers 6.6 Other Channels 7 Governance, Risk and Compliance 7.1 Legislation Overview and Historical Evolution 7.2 Regulations by Type of Insurance 7.2.1 Life insurance regulations 7.2.2 Property insurance regulations 7.2.3 Motor insurance regulations 7.2.4 Marine, aviation and transit insurance regulations 7.2.5 Personal accident and health insurance regulations 7.3 Compulsory Insurance 7.3.1 Workmen's compensation insurance 7.3.2 Motor third-party liability insurance 7.3.3 Air carriers and aircraft operators insurance 7.4 Supervision and Control 7.4.1 International Association of Insurance Supervisors 7.4.2 European Insurance and Occupational Pensions Authority (EIOPA) 7.4.3 Department of Private Insurance Supervision (DOPIS) 7.5 Non-Admitted Insurance Regulations 7.5.1 Overview 7.5.2 Intermediaries 7.5.3 Market practices 7.5.4 Fines and penalties 7.6 Company Registration and Operations 7.6.1 Types of insurance organization 7.6.2 Establishing a local company 7.6.3 Foreign ownership 7.6.4 Types of license 7.6.5 Capital requirements 7.6.6 Solvency margins 7.6.7 Reserve requirements 7.6.8 Investment regulations 7.6.9 Statutory return requirements 7.6.10 Fee structure 7.7 Taxation 7.7.1 Insurance premium or policy taxation 7.7.2 Withholding taxes on premium paid overseas 7.7.3 Corporate tax 7.7.4 VAT 7.7.5 Captives 7.8 Legal System 7.8.1 Introduction 7.8.2 Access to court 7.8.3 Alternative dispute resolution (ADR) 8 Competitive Landscape and Strategic Insights 8.1 Overview 8.2 Leading Companies in the Greek Life Insurance Segment 8.3 Comparison of the Top Five Insurers 8.3.1 Gross written premium 8.3.2 Net earned premium 8.3.3 Investment income 8.4 Leading Life Insurers - New Product Launches 8.5 Leading Life Insurers - Key Developments 8.6 Ethniki Hellenic Life Insurance Company SA - Company Overview 8.6.1 Ethniki Hellenic Life Insurance Company SA - key facts 8.6.2 Ethniki Hellenic Life Insurance Company SA - key financials 8.7 Eurolife ERB Insurance - Company Overview 8.7.1 Eurolife ERB Insurance - key facts 8.7.2 Eurolife ERB Insurance - key financials 8.8 ING Greek Life Insurance Company SA - Company Overview 8.8.1 ING Greek Life Insurance Company SA - key facts 8.8.2 ING Greek Life Insurance Company SA - key financials 8.9 MetlifeAlico - Company Overview 8.9.1 MetlifeAlico - key facts 8.9.2 MetlifeAlico - key financials 8.1 Interamerican Hellenic Life Insurance Company SA - Company Overview 8.10.1 Interamerican Hellenic Life Insurance Company SA - key facts 8.10.2 Interamerican Hellenic Life Insurance Company SA - key financials 8.11 Allianz Hellas SA - Company Overview 8.11.1 Allianz Hellas SA - key facts 8.11.2 Allianz Hellas SA - key financials 8.12 Axa Insurance SA - Company Overview 8.12.1 AxaInsurance SA - key facts 8.12.2 AxaInsurance SA - key financials 8.13 Groupama PhoenixHellenic Insurance Company SA - Company Overview 8.13.1 Groupama Phoenix Hellenic Insurance Company SA - key facts 8.13.2 Groupama Phoenix Hellenic Insurance Company SA - key financials 8.14 Generali Hellas SA - Company Overview 8.14.1 Generali Hellas SA - key facts 8.14.2 Generali Hellas SA - key financials 8.15 Credit Agricole Life Insurance Company SA - Company Overview 8.15.1 Credit Agricole Life Insurance Company SA - key facts 8.15.2 Credit Agricole Life Insurance Company SA - key financials 9 Appendix - 1 9.1 Business Confidence 9.1.1 Market capitalization trend - Athens Stock Exchange, Greece 9.2 Economic Performance 9.2.1 GDP at constant prices (US$) 9.2.2 GDP per capita at constant prices (US$) 9.2.3 GDP at current prices (US$) 9.2.4 GDP per capita at current prices (US$) 9.2.5 GDP by key sector 9.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$) 9.2.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP 9.2.8 Manufacturing net output at current prices (US$) 9.2.9 Manufacturing net output at current prices as a percentage of GDP 9.2.10 Mining, manufacturing and utilities at current prices (US$) 9.2.11 Mining, manufacturing and utilities at current prices, as percentage of GDP 9.2.12 Construction net output at current prices, (US$) 9.2.13 Construction net output at current prices as a percentage of GDP 9.2.14 Inflation rate 9.2.15 Exports as a percentage of GDP 9.2.16 Imports as a percentage of GDP 9.2.17 Merchandise exports growth 9.2.18 Merchandise imports growth 9.2.19 Annual average exchange rate, Euro-US$ 9.3 Infrastructure 9.3.1 Commercial vehicle exports - total value 9.3.2 Commercial vehicle imports - total value 9.3.3 Automotive exports - total value 9.3.4 Automotive imports - total value 9.3.5 Total internet subscribers 9.4 Labor Force 9.4.1 Labor force 9.4.2 Unemployment rate 9.5 Demographics 9.5.1 Gross national disposable income (US$) 9.5.2 Household consumption expenditure (US$) 9.5.3 Total population 9.5.4 Urban and rural populations 9.5.5 Age distribution of the total population 10 Appendix - 2 10.1 Methodology 10.2 Contact Timetric 10.3 About Timetric 10.4 Timetric's Services 10.5 Disclaimer
List of Tables
Table 1: Greek Life Insurance - Key Facts, 2013 Table 2: Insurance Industry Definitions Table 3: Greek Insurance - Gross Written Premium by Segment (EUR Billion), 2009-2013 Table 4: Greek Insurance - Gross Written Premium by Segment (US$ Billion), 2009-2013 Table 5: Greek Insurance - Gross Written Premium by Segment (EUR Billion), 2013-2018 Table 6: Greek Insurance - Gross Written Premium by Segment (US$ Billion), 2013-2018 Table 7: Greek Insurance - Segmentation, Gross Written Premium (Percentage Share), 2009-2018 Table 8: Greek Insurance - Direct Written Premium by Segment (EUR Billion), 2009-2013 Table 9: Greek Insurance - Direct Written Premium by Segment (US$ Billion), 2009-2013 Table 10: Greek Insurance - Direct Written Premium by Segment (EUR Billion), 2013-2018 Table 11: Greek Insurance - Direct Written Premium by Segment (US$ Billion), 2013-2018 Table 12: Greek Insurance - Segmentation, Direct Written Premium (Percentage Share), 2009-2018 Table 13: Greek Life Insurance - Gross Written Premium by Category (EUR Billion), 2009-2013 Table 14: Greek Life Insurance - Gross Written Premium by Category (US$ Billion), 2009-2013 Table 15: Greek Life Insurance - Gross Written Premium by Category (EUR Billion), 2013-2018 Table 16: Greek Life Insurance - Gross Written Premium by Category (US$ Billion), 2013-2018 Table 17: Greek Life Insurance - New Business Written Premium (EUR Billion), 2009-2013 Table 18: Greek Life Insurance - New Business Written Premium (EUR Billion), 2013-2018 Table 19: Greek Life Insurance - Earned Premium (EUR Billion), 2009-2013 Table 20: Greek Life Insurance - Earned Premium (EUR Billion), 2013-2018 Table 21: Greek Life Insurance - Sum Assured (EUR Billion), 2009-2013 Table 22: Greek Life Insurance - Sum Assured (EUR Billion), 2013-2018 Table 23: Greek Life Insurance - Paid Claims (EUR Billion), 2009-2013 Table 24: Greek Life Insurance - Paid Claims (EUR Billion), 2013-2018 Table 25: Greek Life Insurance - Incurred Loss (EUR Billion), 2009-2013 Table 26: Greek Life Insurance - Incurred Loss (EUR Billion), 2013-2018 Table 27: Greek Life Insurance - Loss Ratio (%), 2009-2013 Table 28: Greek Life Insurance - Loss Ratio (%), 2013-2018 Table 29: Greek Life Insurance - Commissions and Expenses (EUR million), 2009-2013 Table 30: Greek Life Insurance - Commissions and Expenses (EUR million), 2013-2018 Table 31: Greek Life Insurance - Combined Ratio (%), 2009-2013 Table 32: Greek Life Insurance - Combined Ratio (%), 2013-2018 Table 33: Greek Life Insurance - Fraud and Crimes (EUR million), 2009-2013 Table 34: Greek Life Insurance - Fraud and Crimes (EUR million), 2013-2018 Table 35: Greek Life Insurance - Total Assets (EUR Billion), 2009-2013 Table 36: Greek Life Insurance - Total Assets (EUR Billion), 2013-2018 Table 37: Greek Life Insurance - Total Investment Income (EUR Billion), 2009-2013 Table 38: Greek Life Insurance - Total Investment Income (EUR Billion), 2013-2018 Table 39: Greek Life Insurance - Retentions (EUR Billion), 2009-2013 Table 40: Greek Life Insurance - Retentions (EUR Billion), 2013-2018 Table 41: Greek Individual Life Insurance - Gross Written Premium by Category (EUR Billion), 2009-2013 Table 42: Greek Individual Life Insurance - Gross Written Premium by Category (US$ Billion), 2009-2013 Table 43: Greek Individual Life Insurance - Gross Written Premium by Category (EUR Billion), 2013-2018 Table 44: Greek Individual Life Insurance - Gross Written Premium by Category (US$ Billion), 2013-2018 Table 45: Greek Individual Life Insurance - Direct Written Premium by Category (EUR Billion), 2009-2013 Table 46: Greek Individual Life Insurance - Direct Written Premium by Category (US$ Billion), 2009-2013 Table 47: Greek Individual Life Insurance - Direct Written Premium by Category (EUR Billion), 2013-2018 Table 48: Greek Individual Life Insurance - Direct Written Premium by Category (US$ Billion), 2013-2018 Table 49: Greek Individual Life Insurance - Policies by Category (Thousand), 2009-2013 Table 50: Greek Individual Life Insurance - Policies Premium by Category (Thousand), 2013-2018 Table 51: Greek Individual Whole Life Insurance - Number of Active Policies (Thousand), 2009-2013 Table 52: Greek Individual Whole Life Insurance - Number of Active Policies (Thousand), 2013-2018 Table 53: Greek Individual Whole Life Insurance - Gross Written Premium (EUR Billion), 2009-2013 Table 54: Greek Individual Whole Life Insurance - Gross Written Premium (EUR Billion), 2013-2018 Table 55: Greek Individual Pension Insurance - Number of Active Policies (Thousand), 2009-2013 Table 56: Greek Individual Pension Insurance - Number of Active Policies (Thousand), 2013-2018 Table 57: Greek Individual Pension Insurance - Gross Written Premium (EUR million), 2009-2013 Table 58: Greek Individual Pension Insurance - Gross Written Premium (EUR million), 2013-2018 Table 59: Greek Other Individual Insurance - Number of Active Policies (Thousand), 2009-2013 Table 60: Greek Other Individual Insurance - Number of Active Policies (Thousand), 2013-2018 Table 61: Greek Other Individual Insurance - Gross Written Premium (EUR million), 2009-2013 Table 62: Greek Other Individual Insurance - Gross Written Premium (EUR million), 2013-2018 Table 63: Greek Individual Single-Premium Insurance - Number of Active Policies (Thousand), 2009-2013 Table 64: Greek Individual Single-Premium Insurance - Number of Active Policies (Thousand), 2013-2018 Table 65: Greek Individual Single-Premium Insurance - Gross Written Premium (EUR Billion), 2009-2013 Table 66: Greek Individual Single-Premium Insurance - Gross Written Premium (EUR Billion), 2013-2018 Table 67: Greek Individual Single-Premium Insurance - Direct Written Premium (EUR Billion), 2009-2013 Table 68: Greek Individual Single-Premium Insurance - Direct Written Premium (EUR Billion), 2013-2018 Table 69: Greek Individual Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2009-2013 Table 70: Greek Individual Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2013-2018 Table 71: Greek Individual Non-Single-Premium Insurance - Gross Written Premium (EUR Billion), 2009-2013 Table 72: Greek Individual Non-Single-Premium Insurance - Gross Written Premium (EUR Billion), 2013-2018 Table 73: Greek Individual Non-Single-Premium Insurance - Direct Written Premium (EUR Billion), 2009-2013 Table 74: Greek Individual Non-Single-Premium Insurance - Direct Written Premium (EUR Billion), 2013-2018 Table 75: Greek Linked Insurance Business - Number of Active Policies (Thousand), 2009-2013 Table 76: Greek Linked Insurance Business - Number of Active Policies (Thousand), 2013-2018 Table 77: Greek Linked Insurance Business - Gross Written Premium (EUR million), 2009-2013 Table 78: Greek Linked Insurance Business - Gross Written Premium (EUR million), 2013-2018 Table 79: Greek Linked Insurance Business - Direct Written Premium (EUR million), 2009-2013 Table 80: Greek Linked Insurance Business - Direct Written Premium (EUR million), 2013-2018 Table 81: Greek Non-Linked Insurance Business - Number of Active Policies (Thousand), 2009-2013 Table 82: Greek Non-Linked Insurance Business - Number of Active Policies (Thousand), 2013-2018 Table 83: Greek Non-Linked Insurance Business - Gross Written Premium (EUR Billion), 2009-2013 Table 84: Greek Non-Linked Insurance Business - Gross Written Premium (EUR Billion), 2013-2018 Table 85: Greek Non-Linked Insurance Business - Direct Written Premium (EUR Billion), 2009-2013 Table 86: Greek Non-Linked Insurance Business - Direct Written Premium (EUR Billion), 2013-2018 Table 87: Greek Life Insurance - Direct Marketing Commission Paid (EUR million), 2009-2013 Table 88: Greek Life Insurance - Direct Marketing Commission Paid (EUR million), 2013-2018 Table 89: Greek Life Insurance - New Business Gross Written Premium (EUR million), 2009-2013 Table 90: Greek Life Insurance - New Business Gross Written Premium (EUR million), 2013-2018 Table 91: Greek Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2009-2013 Table 92: Greek Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2013-2018 Table 93: Greek Life Insurance - Number of Direct Marketing Distributors, 2009-2013 Table 94: Greek Life Insurance - Number of Direct Marketing Distributors, 2013-2018 Table 95: Greek Life Insurance - Bancassurance Commission Paid(EUR million), 2009-2013 Table 96: Greek Life Insurance - Bancassurance Commission Paid(EUR million), 2013-2018 Table 97: Greek Life Insurance - New Business Gross Written Premium (EUR million), 2009-2013 Table 98: Greek Life Insurance - New Business Gross Written Premium (EUR million), 2013-2018 Table 99: Greek Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2009-2013 Table 100: Greek Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2013-2018 Table 101: Greek Life Insurance - Number of Bancassurance Distributors, 2009-2013 Table 102: Greek Life Insurance - Number of Bancassurance Distributors, 2013-2018 Table 103: Greek Life Insurance - Commission Paid to Agencies (EUR million), 2009-2013 Table 104: Greek Life Insurance - Commission Paid to Agencies (EUR million), 2013-2018 Table 105: Greek Life Insurance - New Business Gross Written Premium (EUR Billion), 2009-2013 Table 106: Greek Life Insurance - New Business Gross Written Premium (EUR Billion), 2013-2018 Table 107: Greek Life Insurance - New Policies Sold Through Agencies (Thousand), 2009-2013 Table 108: Greek Life Insurance - New Policies Sold Through Agencies (Thousand), 2013-2018 Table 109: Greek Life Insurance - Number of Agencies, 2009-2013 Table 110: Greek Life Insurance - Number of Agencies, 2013-2018 Table 111: Greek Life Insurance - E-Commerce Commission Paid (EUR million), 2009-2013 Table 112: Greek Life Insurance - E-Commerce Commission Paid(EUR million), 2013-2018 Table 113: Greek Life Insurance - New Business Gross Written Premium (EUR million), 2009-2013 Table 114: Greek Life Insurance - New Business Gross Written Premium (EUR million), 2013-2018 Table 115: Greek Life Insurance - New Policies Sold Through E-Commerce (Thousand), 2009-2013 Table 116: Greek Life Insurance - New Policies Sold Through E-Commerce (Thousand), 2013-2018 Table 117: Greek Life Insurance - Number of E-Commerce Distributors, 2009-2013 Table 118: Greek Life Insurance - Number of E-Commerce Distributors, 2013-2018 Table 119: Greek Life Insurance - Commission Paid to Brokers (EUR million), 2009-2013 Table 120: Greek Life Insurance - Commission Paid to Brokers (EUR million), 2013-2018 Table 121: Greek Life Insurance - New Business Gross Written Premium (EUR million), 2009-2013 Table 122: Greek Life Insurance - New Business Gross Written Premium (EUR million), 2013-2018 Table 123: Greek Life Insurance - New Policies Sold Through Brokers (Thousand), 2009-2013 Table 124: Greek Life Insurance - New Policies Sold Through Brokers (Thousand), 2013-2018 Table 125: Greek Life Insurance - Number of Brokers, 2009-2013 Table 126: Greek Life Insurance - Number of Brokers, 2013-2018 Table 127: Greek Life Insurance - Commission Paid to Other Channels (EUR million), 2009-2013 Table 128: Greek Life Insurance - Commission Paid to Other Channels (EUR million), 2013-2018 Table 129: Greek Life Insurance - New Business Gross Written Premium (EUR million), 2009-2013 Table 130: Greek Life Insurance - New Business Gross Written Premium (EUR million), 2013-2018 Table 131: Greek Life Insurance - New Policies Sold Through Other Channels (Thousand), 2009-2013 Table 132: Greek Life Insurance - New Policies Sold Through Other Channels (Thousand), 2013-2018 Table 133: Greek Life Insurance - Number of Distributors in Other Channels, 2009-2013 Table 134: Greek Life Insurance - Number of Distributors in Other Channels, 2013-2018 Table 135: Greece - Life Insurance Regulatory Framework Table 136: Greece - Property Insurance Regulatory Framework Table 137: Greece - Motor Insurance Regulatory Framework Table 138: Greece - Minimum Cover for Aircraft Third-Party Liability Per Accident Per Aircraft Table 139: Greece - Insurance Premium Tax Rates for the Financial Year 2013 Table 140: Greece - Corporate Tax Rates for the Financial Year 2013 Table 141: Shares of Key Insurers in the Greek Life Segment (%), 2013 Table 142: Ethniki Hellenic Life Insurance Company SA, Key Facts Table 143: EthnikiHellenic Life Insurance Company SA, Key Financials (EUR million), 2010-2013 Table 144: Eurolife ERB Insurance, Key Facts Table 145: Eurolife ERB Insurance, Key Financials (EUR million), 2009-2013 Table 146: ING Greek Life Insurance Company SA, Key Facts Table 147: ING Greek Life Insurance Company SA, Key Financials (EUR million), 2011-2013 Table 148: MetlifeAlico, Key Facts Table 149: MetlifeAlico, Key Financials (EUR million), 2009-2013 Table 150: Interamerican Hellenic Life Insurance Company SA, Key Facts Table 151: Interamerican Hellenic Life Insurance Company SA, Key Financials (EUR million), 2009-2013 Table 152: Allianz Hellas SA, Key Facts Table 153: Allianz Hellas SA, Key Financials (EUR million), 2009-2013 Table 154: AxaInsurance SA, Key Facts Table 155: AxaInsurance SA, Key Financials (EUR million), 2009-2013 Table 156: Groupama Phoenix Hellenic Insurance Company SA, Key Facts Table 157: Groupama Phoenix Hellenic Insurance Company SA, Key Financials (EUR million), 2009-2013 Table 158: Generali Hellas SA, Key Facts Table 159: Generali Hellas SA, Key Financials (EUR million), 2010-2013 Table 160: Credit Agricole Life Insurance Company SA, Key Facts Table 161: Credit Agricole Life Insurance Company SA, Key Financials (EUR million), 2010-2013
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