Group Financial Statements

Consolidated Income Statement
from 1 January to 31 December 2016

In € thousand

Notes

1-12/2016

1-12/2015
adjusted

1)

Diluted earnings per share equate to undiluted earnings per share. This is calculated on the basis of the consolidated profit/(loss).

Premiums earned (net)

31

 

 

Gross

 

4,611,687

4,817,299

Reinsurers’ share

 

–168,717

–166,172

 

 

4,442,970

4,651,128

Technical interest income

 

333,334

431,740

Other insurance income

 

 

 

Gross

 

23,508

29,566

Reinsurers’ share

 

329

863

 

 

23,837

30,429

Insurance benefits

4, 32

 

 

Gross

 

–3,478,247

–3,786,352

Reinsurers’ share

 

92,681

115,045

 

 

–3,385,566

–3,671,307

Operating expenses

4, 33

 

 

Expenses for the acquisition of insurance

 

–890,674

–863,291

Other operating expenses

 

–417,031

–346,254

Reinsurance commission and share of profit from reinsurance ceded

 

21,311

19,110

 

 

–1,286,394

–1,190,435

Other technical expenses

 

 

 

Gross

 

–37,088

–47,718

Reinsurers’ share

 

–17,233

–17,965

 

 

–54,321

–65,682

Technical result

4

73,861

185,872

 

 

 

 

Net investment income and income from investment property

34

588,892

731,983

of which profit from financial assets accounted for using the equity method

 

38,614

23,205

Other income

35

42,569

35,818

Reclassification of technical interest income

 

–333,334

–431,740

Other expenses

36

–53,145

–55,691

Non-technical result

 

244,982

280,370

 

 

 

 

Operating profit/(loss)

4

318,842

466,242

Amortisation of goodwill and impairment losses

 

–25,832

–18,181

Finance costs

 

–67,477

–50,243

Earnings before taxes

4

225,533

397,818

Income taxes

4, 37

–22,810

–80,283

Profit/(loss) for the year from continuing operations

 

202,723

317,535

Profit/(loss) from discontinued operations (after tax)

38

–53,105

23,147

Profit/(loss) for the year

 

149,618

340,682

of which attributable to shareholders of UNIQA Insurance Group AG

 

148,063

337,160

of which attributable to non-controlling interests

 

1,554

3,521

 

 

 

 

Earnings per share (in €)1)

4, 17

0.48

1.09

Earnings per share from continuing operations

 

0.66

1.02

Earnings per share from discontinued operations

 

–0.17

0.07

Average number of shares in circulation

 

308,129,721

308,180,350