Group Financial Statements

Consolidated Income Statement
from 1 January until 31 December 2018

In € thousand

Notes

1–12/2018

1–12/2017
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)

7

 

 

Gross

 

4,950,079

4,806,111

Reinsurers’ share

 

–189,335

–178,178

 

 

4,760,744

4,627,933

Technical interest income

 

335,586

340,250

Other insurance income

 

 

 

Gross

 

32,302

21,639

Reinsurers’ share

 

92

655

 

 

32,395

22,293

Insurance benefits

8

 

 

Gross

 

–3,793,089

–3,611,736

Reinsurers’ share

 

166,447

64,327

 

 

–3,626,642

–3,547,410

Operating expenses

9

 

 

Expenses for the acquisition of insurance

 

–865,546

–878,641

Other operating expenses

 

–462,706

–420,298

Reinsurance commission and share of profit from reinsurance ceded

 

13,599

22,965

 

 

–1,314,653

–1,275,974

Other technical expenses

 

 

 

Gross

 

–41,525

–39,707

Reinsurers’ share

 

–5,725

–16,781

 

 

–47,250

–56,488

Technical result

 

140,180

110,605

 

 

 

 

Net investment income

4

 

 

Income from investments

 

917,575

980,124

Expenses from investments

 

–445,574

–458,180

Financial assets accounted for using the equity method

 

109,189

50,190

 

 

581,191

572,134

Other income

26

36,844

36,649

Reclassification of technical interest income

 

–335,586

–340,250

Other expenses

27

–72,536

–56,451

Non-technical result

 

209,913

212,082

 

 

 

 

Operating profit/(loss)

 

350,092

322,687

Amortisation of goodwill and impairment losses

 

–2,674

–5,039

Finance cost

 

–52,800

–53,017

Earnings before taxes

 

294,618

264,631

Income taxes

16

–59,470

–47,162

Profit/(loss) for the period from continuing operations

 

235,148

217,469

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

14

0

–33,059

Profit/(loss) for the period

 

235,148

184,410

of which attributable to shareholders of UNIQA Insurance Group AG

 

243,274

171,822

of which attributable to non-controlling interests

 

–8,126

12,588

 

 

 

 

Earnings per share (in €)1)

 

0.79

0.56

Earnings per share from continuing operations

 

0.79

0.67

Earnings per share from discontinued operations

 

0.00

–0.11

Average number of shares in circulation

 

306,965,261

306,965,261