21. Provision for outstanding claims


Figures in € thousand

31.12.2012

31.12.2011

Property and casualty

 

 

Gross

2,056,950

2,157,714

Reinsurers' share

–148,311

–193,749

 

1,908,640

1,963,965

Health

 

 

Gross

168,349

177,169

Reinsurers' share

–27

–30

 

168,322

177,139

Life

 

 

Gross

140,542

121,645

Reinsurers' share

–11,425

–13,493

 

129,117

108,152

In the Consolidated Financial Statements

 

 

Gross

2,365,841

2,456,528

Reinsurers' share

–159,763

–207,271

Total (fully consolidated values)

2,206,078

2,249,257

The provisions for outstanding claims in the property and casualty insurance developed as follows:

Figures in € thousand

2012

2011

1.

Provisions for outstanding claims as at 1 January

 

 

 

a)

Gross

2,157,714

2,095,287

 

b)

Reinsurers’ share

–193,749

–223,336

 

c)

Retention

1,963,965

1,871,952

2.

Plus (retained) claims expenditures

 

 

 

a)

Losses of the current year

1,494,954

1,703,383

 

b)

Losses of the previous year

–78,697

–57,977

 

c)

Total

1,416,257

1,645,405

3.

Less (retained) losses paid

 

 

 

a)

Losses of the current year

–756,385

–883,040

 

b)

Losses of the previous year

–547,151

–649,498

 

c)

Total

–1,303,536

–1,532,538

4.

Foreign currency translation

14,507

–22,930

5.

Change in consolidation scope

–182,674

0

6.

Other changes

121

2,077

7.

Provisions for outstanding claims as at 31 December

 

 

 

a)

Gross

2,056,950

2,157,714

 

b)

Reinsurers’ share

–148,311

–193,749

 

c)

Retention

1,908,640

1,963,965

Claims payments

2007

2008

2009

2010

2011

2012

Total

Figures in € thousand

 

 

 

 

 

 

 

Financial year

606,966

697,872

758,101

774,508

738,931

754,017

 

1 year later

946,570

1,067,118

1,152,347

1,156,966

1,103,798

 

 

2 years later

1,031,938

1,161,407

1,255,519

1,250,176

 

 

 

3 years later

1,076,067

1,208,216

1,315,780

 

 

 

 

4 years later

1,110,870

1,234,209

 

 

 

 

 

5 years later

1,129,142

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated payments

1,129,142

1,234,209

1,315,780

1,250,176

1,103,798

754,017

 

 

 

 

 

 

 

 

 

Estimated final claims payments

1,204,879

1,320,339

1,438,683

1,430,396

1,403,953

1,502,283

 

Current balance sheet reserve

75,737

86,130

122,903

180,219

300,155

748,266

1,513,411

 

 

 

 

 

 

 

 

Balance sheet reserve for the claims years 2006 and before

 

 

 

 

 

 

394,713

 

 

 

 

 

 

 

1,908,124

Plus other reserve components (internal claims regulation costs, etc.)

 

 

 

 

 

 

148,826

Provisions for outstanding claims (gross) as at 31.12.2012

 

 

 

 

 

 

2,056,950

© UNIQA Group 2013