Notes to the consolidated income statement

31. Premiums

Premiums

In € thousand

1-12/2016

1-12/2015

Premiums written - gross

4,643,113

4,829,034

Premiums written - reinsurer’s share

–171,950

–173,659

Premiums written - net

4,471,163

4,655,375

Change in premiums earned - gross

–31,425

–11,734

Change in premiums earned - reinsurers’ share

3,233

7,487

Premiums earned

4,442,970

4,651,128

Direct insurance

In € thousand

1-12/2016

1-12/2015

Property and casualty insurance

2,482,065

2,401,737

Health insurance

1,003,654

964,392

Life insurance

1,108,319

1,412,869

Total

4,594,038

4,778,997

 

 

 

Of which written in:

 

 

Austria

3,379,538

3,607,781

Remaining EU member states and other states which are party to the Agreement on the European Economic Area

955,980

913,992

Other countries

258,519

257,225

Total

4,594,038

4,778,997

Indirect insurance

In € thousand

1-12/2016

1-12/2015

Property and casualty insurance

36,367

37,449

Health insurance

2

1

Life insurance

12,706

12,586

Total

49,075

50,036

In € thousand

1-12/2016

1-12/2015

Total

4,643,113

4,829,034

Property and casualty insurance premiums written

In € thousand

1-12/2016

1-12/2015

Direct insurance

 

 

Fire and business interruption insurance

227,994

227,888

Household insurance

178,439

174,015

Other property insurance

229,123

226,992

Motor TPL insurance

579,705

545,364

Other motor insurance

475,044

439,075

Casualty insurance

347,068

331,277

Liability insurance

235,949

235,223

Legal expense insurance

84,991

81,263

Marine, aviation and transport insurance

59,763

73,636

Other forms of insurance

63,988

67,004

Total

2,482,065

2,401,737

 

 

 

Indirect insurance

 

 

Marine, aviation and transport insurance

1,820

874

Other forms of insurance

34,546

36,576

Total

36,367

37,449

Total direct and indirect insurance (amount consolidated)

2,518,432

2,439,186

Reinsurance premiums ceded

In € thousand

1-12/2016

1-12/2015

Property and casualty insurance

133,022

132,391

Health insurance

1,265

1,105

Life insurance

37,663

40,163

Total

171,950

173,659

Premiums earned

In € thousand

1-12/2016

1-12/2015

Property and casualty insurance

2,359,053

2,301,270

Gross

2,488,862

2,426,182

Reinsurers’ share

–129,809

–124,912

Health insurance

1,000,356

963,899

Gross

1,001,599

964,975

Reinsurers’ share

–1,243

–1,076

Life insurance

1,083,561

1,385,959

Gross

1,121,226

1,426,142

Reinsurers’ share

–37,665

–40,183

Total

4,442,970

4,651,128

Premiums earned – indirect insurance

In € thousand

1-12/2016

1-12/2015

Posted immediately

13,592

2,860

Recognised with a delay of up to 1 year

19,679

26,587

Posted after more than 1 year

106

0

Property and casualty insurance

33,377

29,447

Recognised simultaneously

0

642

Recognised with a delay of up to 1 year

2

1

Health insurance

2

644

Recognised with a delay of up to 1 year

12,222

10,667

Life insurance

12,222

10,667

Total

45,601

40,758

Earnings – indirect insurance

In € thousand

1-12/2016

1-12/2015

Property and casualty insurance

27,621

26,442

Health insurance

970

123

Life insurance

7,792

1,898

Total

36,383

28,463