7. Premiums

The item (gross)” includes those amounts that have been called due either once or on an ongoing basis in the financial year for the purposes of providing the insurance coverage. In the event of payment in instalments, premiums written are increased by the charges added during the year and the ancillary charges in line with the tariffs. In the case of unit-linked and index-linked life insurance, only the premiums decreased by the savings portion are stated in the item written”.

Premiums

In € thousand

1–12/2018

1–12/2017

Premiums written - gross

4,988,955

4,811,666

Premiums written - reinsurer’s share

–191,957

–179,825

Premiums written - net

4,796,998

4,631,841

Change in premiums earned - gross

–38,876

–5,555

Change in premiums earned - reinsurers’ share

2,623

1,647

Premiums earned

4,760,744

4,627,933

Direct insurance

In € thousand

1–12/2018

1–12/2017

Property and casualty insurance

2,731,141

2,581,219

Health insurance

1,081,893

1,041,936

Life insurance

1,119,394

1,118,276

Total

4,932,428

4,741,430

 

 

 

Of which:

 

 

Austria

3,503,782

3,415,559

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

1,087,462

1,022,936

other countries

341,184

302,935

Total

4,932,428

4,741,430

Indirect insurance

In € thousand

1–12/2018

1–12/2017

Property and casualty insurance

43,294

58,480

Health insurance

4,551

28

Life insurance

8,682

11,728

Total

56,527

70,236

Property and casualty insurance premiums written

In € thousand

1–12/2018

1–12/2017

Direct insurance

 

 

Fire and business interruption insurance

254,239

245,056

Liability insurance

255,031

242,206

Household insurance

191,159

187,059

Motor TPL insurance

600,528

582,418

Legal expense insurance

91,288

88,402

Marine, aviation and transport insurance

66,412

55,488

Other motor insurance

549,919

511,503

Other property insurance

272,899

243,505

Other forms of insurance

74,762

69,375

Casualty insurance

374,904

356,207

Total

2,731,141

2,581,219

 

 

 

Indirect insurance

 

 

Fire and business interruption insurance

25,860

29,949

Motor TPL insurance

5,408

14,858

Other forms of insurance

12,026

13,673

Total

43,294

58,480

Total direct and indirect insurance (amount consolidated)

2,774,435

2,639,699

Reinsurance premiums ceded

In € thousand

1–12/2018

1–12/2017

Property and casualty insurance

157,498

143,175

Health insurance

3,611

1,116

Life insurance

30,848

35,534

Total

191,957

179,825

Premiums earned

In € thousand

1–12/2018

1–12/2017

Property and casualty insurance

2,584,079

2,495,084

Gross

2,738,915

2,636,698

Reinsurers’ share

–154,836

–141,614

Health insurance

1,080,339

1,038,875

Gross

1,083,991

1,039,900

Reinsurers’ share

–3,651

–1,025

Life insurance

1,096,326

1,093,974

Gross

1,127,174

1,129,513

Reinsurers’ share

–30,848

–35,539

Total

4,760,744

4,627,933

Premiums earned – indirect insurance

In € thousand

1–12/2018

1–12/2017

Recognised simultaneously

15,016

19,521

Recognised with a delay of up to 1 year

–1,233

–7,481

Posted after more than 1 year

462

–184

Property and casualty insurance

14,245

11,856

Recognised simultaneously

2,283

0

Recognised with a delay of up to 1 year

2,269

–48

Health insurance

4,551

–48

Recognised simultaneously

–9,334

2,790

Recognised with a delay of up to 1 year

–3,417

8,618

Life insurance

–12,751

11,407

Total

6,045

23,215

Earnings – indirect insurance

In € thousand

1–12/2018

1–12/2017

Property and casualty insurance

–23,163

73,576

Health insurance

661

–1,019

Life insurance

4,903

7,223

Total

–17,600

79,781

Premiums written
All premiums due during the financial year arising from insurance contracts under direct insurance business, regardless of whether these premiums relate (either wholly or partially) to a later financial year. This involves (net) premiums written when reduced by the amount ceded to reinsurance companies.
Premiums
Total premiums written. All premiums from contracts written in the financial year from business acquired by the company directly and as inward reinsurance.