Group holding company

The parent company of the UNIQA Group is UNIQA Versicherungen AG. This company is registered in the company registry of the Commercial Court of Vienna under FN 92933 t. In addition to its duties as Group holding company, this company also performs the duties of a Group reinsurer.

In order to create a streamlined Group structure that is conducive to stock exchange activities in preparation for the planned re-IPO, Austria Versicherungsverein auf Gegenseitigkeit Privatstiftung (Austria Privatstiftung) and Collegialität contributed their shareholdings in UNIQA Personenversicherung AG to UNIQA Versicherungen AG, which is listed on the stock exchange, as part of a non-cash capital increase in September of the financial year. These companies received 23,643,635 new shares with voting rights in return.

UNIQA Personenversicherung AG was merged with UNIQA Sachversicherung AG and CALL DIRECT Versicherung AG to create UNIQA Österreich Versicherungen AG, thereby becoming a 100 per cent subsidiary of UNIQA Versicherungen AG.

There were no significant transactions with affiliated companies in this financial year or the previous one.

The companies of the UNIQA Group are involved in court proceedings in Austria and other countries in connection with their ordinary business operations as insurance companies. The result of the pending or threatened proceedings is often impossible to determine or predict.

In consideration of the provisions set aside for these proceedings, the management is of the opinion that these proceedings have no significant effects on the financial situation and the operating earnings of the UNIQA Group.

Serbia (life) – option to purchase granted

The Purchase Contract dated 30 March 2006 grants the Seller (“Zepter”) a Put Option and the Buyer “UNIQA” a Call Option for the shares that remain with the Seller. These options could have been exercised during the period 1 January 2012 to 30 June 2012 on the basis of an independent evaluation at the end of the previous quarter, but were not.

Ukraine (non-life) – option to purchase granted

During the incorporation of portions of the Ukrainian company “Closed JSC Credo-Classic Insurance Company” (now “Private JSC UNIQA”), agreements were concluded which obligate UI-BV to purchase share packages of the local minority shareholders through option agreements on the basis of a predefined purchase price formula. It was initially agreed to exercise the option in the 2nd quarter of 2012, and this was postponed to the financial year 2016 during an amendment of the transaction contracts in 2011.

We moved into the UNIQA Group headquarters – the UNIQA Tower – in 2004. The aforementioned leasing obligations are based on the investment expenditures in connection with a specific calculatory rate of interest yield.

The auditor fees in this financial year were € 2,988 thousand (2011: € 2,601 thousand). Of these, € 274 thousand (2011: € 268 thousand) were for the audit, € 655 thousand (€ 538 thousand) were for tax advice, € 1,757 thousand (2011: € 1,499 thousand) were for other certification services and € 302 thousand (2011: € 296 thousand) were for other services.