In € thousand |
UNIQA Austria |
UNIQA International |
Group functions |
Consolidation |
Group |
|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
1–12/2020 |
1–12/2019 adjusted |
1–12/2020 |
1–12/2019 adjusted |
1–12/2020 |
1–12/2019 |
1–12/2020 |
1–12/2019 |
1–12/2020 |
1–12/2019 |
1–12/2020 |
1–12/2019 adjusted |
|
Premiums written (gross), including savings portions from unit-linked and index-linked life insurance |
3,837,500 |
3,800,819 |
1,705,441 |
1,561,242 |
1,162,667 |
1,129,178 |
0 |
0 |
–1,140,262 |
–1,118,689 |
5,565,346 |
5,372,550 |
Premiums earned (net), including savings portions from unit-linked and index-linked life insurance |
3,076,677 |
3,057,035 |
1,200,485 |
1,082,632 |
1,056,076 |
1,029,297 |
0 |
0 |
423 |
1,872 |
5,333,662 |
5,170,836 |
Savings portions from unit-linked and index-linked life insurance (gross) |
207,018 |
211,683 |
97,104 |
98,083 |
0 |
0 |
0 |
0 |
0 |
0 |
304,122 |
309,766 |
Savings portions from unit-linked and index-linked life insurance (net) |
207,018 |
211,683 |
97,104 |
98,083 |
0 |
0 |
0 |
0 |
0 |
0 |
304,122 |
309,766 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Premiums written (gross) |
3,630,482 |
3,589,137 |
1,608,337 |
1,463,159 |
1,162,667 |
1,129,178 |
0 |
0 |
–1,140,262 |
–1,118,689 |
5,261,224 |
5,062,785 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Premiums earned (net) |
2,869,659 |
2,845,352 |
1,103,382 |
984,549 |
1,056,076 |
1,029,297 |
0 |
0 |
423 |
1,872 |
5,029,539 |
4,861,071 |
Premiums earned (net) – intragroup |
–727,578 |
–704,769 |
–369,557 |
–381,412 |
1,096,712 |
1,084,309 |
0 |
0 |
423 |
1,872 |
0 |
0 |
Premiums earned (net) – external |
3,597,237 |
3,550,121 |
1,472,938 |
1,365,961 |
–40,636 |
–55,012 |
0 |
0 |
0 |
0 |
5,029,539 |
4,861,071 |
Technical interest income |
294,250 |
300,108 |
27,875 |
31,130 |
0 |
0 |
0 |
0 |
0 |
0 |
322,125 |
331,238 |
Other insurance income |
4,977 |
3,842 |
26,636 |
20,576 |
7,606 |
216 |
13,288 |
349 |
–10,839 |
–3,469 |
41,669 |
21,514 |
–2,383,735 |
–2,426,336 |
–608,096 |
–541,556 |
–700,605 |
–700,442 |
2,318 |
3,354 |
–4,461 |
–1,120 |
–3,694,579 |
–3,666,100 |
|
–719,347 |
–635,734 |
–466,354 |
–414,880 |
–310,966 |
–303,674 |
–80,049 |
–48,513 |
10,316 |
–4,315 |
–1,566,399 |
–1,407,116 |
|
Other technical expenses |
–13,405 |
–14,873 |
–42,579 |
–40,075 |
–14,801 |
–15,430 |
–163 |
2,345 |
16,887 |
17,931 |
–54,061 |
–50,102 |
Technical result |
52,399 |
72,360 |
40,864 |
39,745 |
37,311 |
9,966 |
–64,606 |
–42,466 |
12,327 |
10,898 |
78,295 |
90,504 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net investment income |
160,801 |
424,126 |
106,084 |
61,587 |
6,899 |
29,450 |
96,202 |
356,284 |
135,424 |
–286,202 |
505,409 |
585,244 |
Income from investments |
486,190 |
539,199 |
132,427 |
89,737 |
37,579 |
43,163 |
321,071 |
482,698 |
–203,581 |
–385,839 |
773,686 |
768,959 |
Expenses from investments |
–338,250 |
–133,651 |
–26,599 |
–28,319 |
–30,680 |
–13,713 |
–225,227 |
–130,954 |
286,791 |
58,495 |
–333,965 |
–248,143 |
Financial assets accounted for using the equity method |
12,861 |
18,578 |
256 |
169 |
0 |
0 |
358 |
4,540 |
52,213 |
41,141 |
65,689 |
64,428 |
Other income |
1,592 |
1,565 |
46,161 |
23,334 |
18,013 |
2,540 |
180,237 |
194,271 |
–29,455 |
–29,351 |
216,548 |
192,359 |
Reclassification of technical interest income |
–294,250 |
–300,108 |
–27,875 |
–31,130 |
0 |
0 |
0 |
0 |
0 |
0 |
–322,125 |
–331,238 |
Other expenses |
–9,527 |
–11,470 |
–63,793 |
–15,400 |
–1,031 |
–5,544 |
–184,942 |
–186,557 |
28,796 |
27,952 |
–230,497 |
–191,019 |
Non-technical result |
–141,384 |
114,113 |
60,577 |
38,392 |
23,881 |
26,446 |
91,498 |
363,997 |
134,764 |
–287,601 |
169,335 |
255,346 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating profit/(loss) |
–88,985 |
186,473 |
101,441 |
78,136 |
61,192 |
36,412 |
26,892 |
321,532 |
147,091 |
–276,703 |
247,631 |
345,850 |
Amortisation of VBI and impairment of goodwill |
–1,786 |
–1,786 |
–123,947 |
–57,377 |
0 |
0 |
0 |
0 |
–84 |
0 |
–125,817 |
–59,162 |
Finance cost |
–28,287 |
–25,102 |
–4,530 |
–4,743 |
–2,901 |
–2,901 |
–75,428 |
–66,511 |
46,389 |
44,614 |
–64,758 |
–54,643 |
Earnings before taxes |
–119,058 |
159,585 |
–27,036 |
16,017 |
58,291 |
33,511 |
–48,537 |
255,021 |
193,396 |
–232,089 |
57,056 |
232,045 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Combined ratio (property and casualty insurance, after reinsurance) |
98.7% |
93.9% |
93.3% |
95.0% |
95.8% |
97.4% |
n/a |
n/a |
n/a |
n/a |
97.8% |
96.4% |
Cost ratio (after reinsurance) |
23.4% |
20.8% |
38.8% |
38.3% |
29.4% |
29.5% |
n/a |
n/a |
n/a |
n/a |
29.4% |
27.2% |
Reinsurance
An insurance company insures part of its risk via another insurance company.
Gross (premiums written)
The gross (premiums written) includes details on the items in the balance sheet and the income statement, excluding the proportion from reinsurance.
Premiums earned
The actuarial premiums earned that determine the income for the year. In order to determine these, the changes to the unearned premiums, the cancellation provisions and the premium volume not yet written are taken into account, along with the gross premium volume written attributable to the financial year.
Premiums written
All premiums due during the financial year arising from insurance contracts under direct insurance business, regardless of whether these premiums relate (either wholly or partially) to a later financial year. This involves (net) premiums written when reduced by the amount ceded to reinsurance companies.
Premiums
Total premiums written. All premiums from contracts written in the financial year from business acquired by the company directly and as inward reinsurance.
Premiums earned
The actuarial premiums earned that determine the income for the year. In order to determine these, the changes to the unearned premiums, the cancellation provisions and the premium volume not yet written are taken into account, along with the gross premium volume written attributable to the financial year.
Insurance benefits
Total of insurance benefit payments and changes in the claims provision during the financial year in connection with direct insurance and reinsurance contracts (gross). This involves net insurance benefits when reduced by the amount ceded to reinsurance companies. This does not include claims settlement expenses and changes in the provisions for claims settlement expenses.
Operating expenses
This item includes acquisition expenses, portfolio management expenses and the expenses for implementing reinsurance. The operating expenses remain for the company’s own account following deduction of the commissions and profit participation received from the reinsurance business ceded.
Equity method
Investment in associates is accounted for using this method. The value carried corresponds to the Group’s proportional equity in these companies. In the case of shares in companies that prepare their own consolidated financial statements, their Group equity is assessed accordingly in each case. Within the scope of ongoing measurement, this value must be updated to incorporate proportional changes in equity with the share of net income/(loss) being allocated to consolidated profit/(loss).
Combined ratio
Total of operating expenses and insurance benefits divided by the (net) premiums earned in property and casualty insurance.
Cost ratio
Ratio of total operating expenses (net of reinsurance commissions received and share of profit from reinsurance ceded) to consolidated premiums earned (including savings portions of unit-linked and index-linked life insurance).
Reinsurance
An insurance company insures part of its risk via another insurance company.