International markets


The international premium volume of the UNIQA Group, including the savings portion of unit-linked and index-linked life insurance, increased drastically in 2010, following the drop in the year before and rose by a total of 20.8% to € 2,395 million (2009: € 1,983 million). This brought the international share of Group premiums up to 38.5% (2009: 34.6%).

International premium volume written (pie chart)

Including the savings portion from the unit-linked and index-linked life insurance (after reinsurance), the premiums earned grew by 23.1% to € 2,215 million (2009: € 1,800 million). The retained premiums earned (according to IFRS) rose by 20.3% to € 2,041 million (2009: €1,697 million ).

The premium volume written including the savings portion of the unit-linked and index-linked life insurance was divided as follows among the various regions in the UNIQA Group:

UNIQA international markets

Premiums written1)

Share of Group premiums

 

2010
€ million

2009
€ million

2008
€ million

2007
€ million

2006
€ million

2010

1)

Incl. the savings portion of premiums from unit-linked and index-linked life insurance.

Central Eastern Europe (CEE)

1,005

912

1,115

735

595

16.2%

Eastern Emerging Markets (EEM)

289

241

164

81

45

4.6%

Western European Markets (WEM)

1,101

830

907

905

993

17.7%

Total international

2,395

1,983

2,186

1,721

1,633

38.5%

Total insurance benefits in the international Group companies rose by 38.8% in 2010 to €1,709 million (2009: € 1,231 million). Consolidated operating expenses less reinsurance commissions and profit shares from reinsurance business ceded rose in the past financial year by 11.2% to € 572 million (2009: €514 million) . Before consolidation based on the geographic segments (cf. segment reports), the profit on ordinary activities generated by the companies in the three regions outside of Austria amounted to € –54 million (2009: € 22 million) in 2010. This decline can be attributed in particular to lower results by the companies in Italy, Bulgaria, Romania and Hungary.

© 2011 BY UNIQA GROUP AUSTRIA