21 | Provision for premium refunds

		31 Dec. 2006 Group total € 000	31 Dec. 2005 Group total € 000
Property and casualty insurance
Gross		35,413	33,415
Reinsurers’ share		–315	–1,752
		35,098	31,663
Life insurance
Gross		687,278	798,563
Reinsurers’ share		–100	–100
		687,178	798,463
Health insurance
Gross		77,984	75,159
Reinsurers’ share		0	0
		77,984	75,159
Consolidated financial statements
Gross		800,674	907,136
Reinsurers’ share		–415	–1,852
Total (fully consolidated values)		800,260	905,284
	Of which profit-unrelated (retention)	47,712	41,766
	Of which profit-related (retention)	752,547	863,518

Group total		31 Dec. 2006 Group total € 000	31 Dec. 2005 Group total € 000
a)	Provision for profit-unrelated premium refunds	48,027	43,518
	of which property and casualty insurance	27,222	24,972
	of which health insurance	20,793	18,546
	of which life insurance	13	0
b)	Provision for profit-related premium refunds and/or policyholder profit participation	339,138	285,815
	of which property and casualty insurance	8,191	8,443
	of which health insurance	57,191	56,612
	of which life insurance	273,755	220,759
	Deferred profit participation	413,510	577,803
Total (fully consolidated values)		800,674	907,136

Group total		31 Dec. 2006 Group total € 000	31 Dec. 2005 Group total € 000
a)	Provision for profit-unrelated premium refunds, profit-related premium refunds and policyholder profit participation
	As at 1 Jan.	329.333	278.528
	Changes for: Other changes	57.832	50.805
As at 31 Dec.		387.165	329.333
b)	Deferred profit participation
	As at 1 Jan.	577.803	420.601
	Changes for:
	Fluctuation in value, securities available for sale	-153.744	134.359
	Revaluations affecting income	-10.550	22.843
As at 31 Dec.		413.510	577.803

22 | Actuarial provisions (part a)

Gross Property and casualty insurance 31 Dec. 2005 Exchange rate differences Changes in consolidation scope Portfolio changes Additions Disposals Premiums written Premiums earned Claims in reporting year Claims payments in reporting year Change in claims from previous years Claims payments in previous years As at 31 Dec. 2006 Health insurance As at 31 Dec. 2005 Exchange rate differences Changes in consolidation scope Portfolio changes Additions Disposals Premiums written Premiums earned Claims in reporting year Claims payments in reporting year Change in claims from previous years Claims payments in previous years As at 31 Dec. 2006 Life insurance As at 31 Dec. 2005 Exchange rate differences Changes in consolidation scope Portfolio changes Additions Disposals Premiums written Premiums earned Claims in reporting year Claims payments in reporting year Change in claims from previous years Claims payments in previous years As at 31 Dec. 2006 Group total As at 31 Dec. 2005 Exchange rate differences Changes in consolidation scope Portfolio changes Additions Disposals Premiums written Premiums earned Claims in reporting year Claims payments in reporting year Change in claims from previous years Claims payments in previous years As at 31 Dec. 2006

Unearned premiums € 000 Actuarial provision € 000 Provision for outstanding claims € 000 Provision for profit-unrelated premium refunds € 000 Provision for profit-related premium refunds and/or policyholder profit participation € 000 Other actuarial provisions € 000 Total € 000 337,908 53,093 1,694,155 24,972 8,443 22,330 2,140,900 2,281 -95 5,591 -16 4 531 8,297 6,289 15,933 22,222 9,456 9,456 -563 2,375 -185 2,896 4,523 7,635 109 71 3,263 11,078 1,572,537 1,572,537 1,553,523 1,553,523 1,369,490 1,369,490 679,464 679,464 -178,824 -178,824 456,240 456,240 374,948 44,800 1,770,641 27,222 8,191 22,494 2,248,295 13,987 1,841,369 154,043 18,546 56,612 1,056 2,085,614 -40 10 12 -18 449 1 449 -1,308 9 -1,299 138,822 2,900 2,470 5,168 149,360 5,730 653 1,891 316 8,591 744,051 744,051 742,099 742,099 627,536 627,536 495,389 495,389 -4,216 -4,216 130,503 130,503 15,039 1,974,470 151,484 20,793 57,191 5,916 2,224,894 12,075,698 91,607 798,563 16,996 12,982,864 3,237 97 -16 75 3,392 20,166 888 14 21,068 136,411 -580 647 136,478 725,326 13 75,581 875 801,795 37,635 186,876 3,541 228,052 0 0 1,064,454 1,064,454 1,010,894 16,996 1,010,894 26,139 75 26,139 70,954 70,954 0 12,923,203 100,756 13 687,265 15,051 13,726,288 351,896 13,970,159 1,939,806 43,518 863,618 40,381 17,209,378 2,241 3,152 5,699 -16 -13 606 11,671 6,738 20,166 16,822 14 43,739 8,147 136,411 -580 656 144,634 863,585 5,288 77,866 8,939 955,678 51,000 763 188,838 7,121 247,722 2,316,587 2,316,587 2,295,622 2,295,622 3,061,480 3,061,480 2,185,747 2,185,747 -156,902 -156,902 657,697 657,697 389,987 14,942,474 2,022,881 48,027 752,647 43,461 18,199,478

Reinsurers’ share Property and casualty insurance As at 31 Dec. 2005 Exchange rate differences Changes in consolidation scope Portfolio changes Additions Disposals Premiums written Premiums earned Claims in reporting year Claims payments in reporting year Change in claims from previous years Claims payments in previous years As at 31 Dec. 2006 Health insurance As at 31 Dec. 2005 Exchange rate differences Changes in consolidation scope Portfolio changes Additions Disposals Premiums written Premiums earned Claims in reporting year Claims payments in reporting year Change in claims from previous years Claims payments in previous years As at 31 Dec. 2006 Life insurance As at 31 Dec. 2005 Exchange rate differences Changes in consolidation scope Portfolio changes Additions Disposals Premiums written Premiums earned Claims in reporting year Claims payments in reporting year Change in claims from previous years Claims payments in previous years As at 31 Dec. 2006 Group total As at 31 Dec. 2005 Exchange rate differences Changes in consolidation scope Portfolio changes Additions Disposals Premiums written Premiums earned Claims in reporting year Claims payments in reporting year Change in claims from previous years Claims payments in previous years As at 31 Dec. 2006

Unearned premiums € 000 Actuarial provision € 000 Provision for outstanding claims € 000 Provision for profit-unrelated premium refunds € 000 Provision for profit-related premium refunds and/or policyholder profit participation € 000 Other actuarial provisions € 000 Total € 000 29,222 2,861 323,220 1,752 2,761 359,815 589 1 310 5 905 347 1,125 1,472 2,147 11,825 13,971 89 180 350 619 2,700 1,617 272 4,589 281,447 281,447 282,801 282,801 157,836 157,836 80,491 80,491 -31,105 -31,105 70,686 70,686 30,951 251 312,033 315 0 2,843 346,393 69 1,976 33 2,078 0 0 0 0 133 133 546 546 535 535 95 95 48 48 694 694 15 15 80 1,842 759 0 0 0 2,681 365,167 10,693 100 -184 375,776 41 20 61 39 39 -4,199 -4,199 22,402 -4 22,398 1,264 1,264 0 0 16,496 16,496 11,879 11,879 -3,289 -3,289 2,266 2,266 0 382,186 9,775 0 100 -187 391,873 29,291 370,004 333,946 1,752 100 2,577 737,670 589 42 330 5 966 347 39 1,125 1,511 2,147 -4,199 11,825 9,772 22,491 180 346 23,017 4,097 1,617 272 5,987 281,993 281,993 283,336 283,336 174,428 174,428 92,418 92,418 -33,701 -33,701 72,967 72,967 31,031 384,279 322,567 315 100 2,656 740,948

22 | Actuarial provisions (part b)

Retained Property and casualty insurance As at 31 Dec. 2005 Exchange rate differences Changes in consolidation scope Portfolio changes Additions Disposals Premiums written Premiums earned Claims in reporting year Claims payments in reporting year Change in claims from previous years Claims payments in previous years As at 31 Dec. 2006 Health insurance As at 31 Dec. 2005 Exchange rate differences Changes in consolidation scope Portfolio changes Additions Disposals Premiums written Premiums earned Claims in reporting year Claims payments in reporting year Change in claims from previous years Claims payments in previous years As at 31 Dec. 2006 Life insurance As at 31 Dec. 2005 Exchange rate differences Changes in consolidation scope Portfolio changes Additions Disposals Premiums written Premiums earned Claims in reporting year Claims payments in reporting year Change in claims from previous years Claims payments in previous years As at 31 Dec. 2006 Group total As at 31 Dec. 2005 Exchange rate differences Changes in consolidation scope Portfolio changes Additions Disposals Premiums written Premiums earned Claims in reporting year Claims payments in reporting year Change in claims from previous years Claims payments in previous years As at 31 Dec. 2006

Unearned premiums € 000 Actuarial provision € 000 Provision for outstanding claims € 000 Provision for profit-unrelated premium refunds € 000 Provision for profit-related premium refunds and/or policyholder profit participation € 000 Other actuarial provisions € 000 Total € 000 308,686 50,231 1,370,935 23,220 8,443 19,569 1,781,085 1,693 -95 5,280 -16 4 527 7,393 5,942 14,808 20,750 7,309 -11,825 -4,516 -652 2,195 -185 2,546 3,904 4,935 -1,508 71 2,991 6,489 1,291,090 1,291,090 1,270,722 1,270,722 1,211,654 1,211,654 598,972 598,972 -147,719 -147,719 385,554 385,554 343,997 44,550 1,458,607 26,907 8,191 19,651 1,901,903 13,918 1,839,393 154,010 18,546 56,612 1,055 2,083,535 -40 10 12 -18 449 1 449 -1,308 9 -1,299 138,822 2,900 2,470 5,168 149,360 5,597 653 1,891 316 8,458 743,505 743,505 741,564 741,564 627,441 627,441 495,341 495,341 -4,910 -4,910 130,488 130,488 14,959 1,972,628 150,725 20,793 57,191 5,916 2,222,212 11,710,531 80,914 798,463 17,179 12,607,088 3,196 77 -16 75 3,331 20,127 888 14 21,028 140,611 -580 647 140,678 702,924 13 75,581 879 779,396 36,371 186,876 3,541 226,788 0 0 1,047,958 1,047,958 999,015 999,015 29,428 29,428 68,688 68,688 0 12,541,017 90,982 13 687,165 15,239 13,334,415 322,604 13,600,156 1,605,860 41,766 863,518 37,804 16,471,708 1,653 3,110 5,370 -16 -13 602 10,706 6,390 20,127 15,697 14 42,228 6,001 140,611 -12,405 656 134,862 841,094 5,108 77,866 8,593 932,660 46,903 -854 188,838 6,849 241,735 2,034,594 2,034,594 2,012,286 2,012,286 2,887,052 2,887,052 2,093,328 2,093,328 -123,200 -123,200 584,730 584,730 358,956 14,558,195 1,700,314 47,712 752,547 40,805 17,458,531

23 | Actuarial provisions for unit-linked and index-linked life insurance policies

	31 Dec. 2006 Group total € 000	31 Dec. 2005 Group total € 000
Gross	1,911,516	1,457,644
Reinsurers’ share	-305,580	-255,704
Total	1,605,935	1,201,939

As a general rule, the valuation of the actuarial provisions for unit-linked and index-linked life insurance policies corresponds to the investments in unit-linked and index-linked life insurance policies reported at current market values. The reinsurers’ share is offset by deposits payable in the same amount.

24 | Liabilities from loans

		31 Dec. 2006 Group total € 000	31 Dec. 2005 Group total € 000
Liabilities under issued debenture bonds
UNIQA Versicherungen AG, Vienna
4.00%, € 150 million, bond 2004/2009		149,700	149,700
Loan liabilities		43,825	62,031
	up to 1 year	5,876	13,711
	more than 5 years	37,950	48,320
Total		193,526	211,731

25 | Provisions for pensions and similar commitments

	2006 Group total € 000	2005 Group total € 000
Provisions for pensions	414,589	401,005
Provision for severance payments	127,830	122,122
	542,418	523,127

	31 Dec. 2006 Group total € 000	31 Dec. 2005 Group total € 000
As at 1 Jan.	523,127	462,522
Change in consolidation scope	0	4,171
Changes from foreign currency translation	2	12
Withdrawal for pension payments	-27,160	-22,336
Expenditure in the financial year	46,450	78,758
As at 31 Dec.	542,418	523,127

Calculation factors applied
2006
Technical rate of interest	4.50%
Valorisation of wages and salaries	3.00%
Valorisation of pensions	2.00%
Employee turnover rate	dependent on years of service
Accounting principles	AVÖ 1999 P – Pagler & Pagler / employee
2005
Technical rate of interest	4.50%
Valorisation of wages and salaries	3.00%
Valorisation of pensions	2.00%
Employee turnover rate	dependent on years of service
Accounting principles	AVÖ 1999 P – Pagler & Pagler / employee

Specification of pension expenditures for pensions and similar commitments included in the income statement	31 Dec. 2006 Group total € 000	31 Dec. 2005 Group total € 000
Current service cost	15,443	8,096
Interest cost	23,220	22,765
Actuarial profit and loss	7,525	47,896
Income and expenditures from budget changes	262	0
Total	46,450	78,758

Under the contribution-oriented company pension scheme, the employer pays fixed amounts into company pension funds. The employer has satisfied its obligation by making these contributions.

	31 Dec. 2006 Group total € 000	31 Dec. 2005 Group total € 000
Contributions to company pension funds	942	390

26 | Other provisions

Provisions for unconsumed vacations Provisions for anniversary payments Other personnel provisions Provisions for customer relations and marketing Provision for Holocaust compensation Provision for variable components of remuneration Provision for legal and consulting expenses Provision for premium adjustment from reinsurance contracts Provision for portfolio maintenance commission Other provisions Total

Balance sheet figures prev. year € 000 Currency translation changes € 000 Change in consolidation scope € 000 Utilisation € 000 Reversals € 000 Reclassifications € 000 Additions € 000 Balance sheet figures 2006 € 000 31,948 26 22 -1,226 -290 0 3,131 33,610 16,329 0 0 -151 -234 -6 59 15,996 48,277 26 22 -1,377 -525 -6 3,189 49,606 11,876 28 26 -7,006 -3,659 -2 11,653 12,916 28,853 4 0 -27,204 -1,227 0 32,426 32,851 100 0 0 0 -100 0 0 0 15,834 4 0 -11,926 -4,012 100 14,614 14,614 5,088 -1 0 -2,723 -278 35 3,015 5,136 3,307 23 0 -2,783 -173 0 5,886 6,261 1,762 0 0 -1,721 -41 0 1,955 1,955 60,733 82 163 -60,851 0 -126 56,561 56,561 127,553 140 189 -114,214 -9,490 6 126,109 130,294 175,830 167 211 -115,591 -10,015 0 129,298 179,900

		31 Dec. 2006 Group total € 000	31 Dec. 2005 Group total € 000
Other provisions1) with a high probability of utilisation (more than 90%)
	Up to 1 year	73,286	82,244
	In 1 to 5 years	2,907	3,338
	Up to 1 year	4,915	6,097
		81,107	91,679
Other provisions1) with a lower probability of consumption (less than 90%)
	Up to 1 year	47,143	34,773
	In 1 to 5 years	1,672	959
	Up to 1 year	371	142
		49,186	35,874
Total		130,294	127,553
1) Without unconsumed vacations and anniversary payments.

27 | Payables and other liabilities

			31 Dec. 2006 Group total € 000	31 Dec. 2005 Group total € 000
I.	Reinsurance liabilities
	1. Deposits held under reinsurance business ceded		702,765	626,269
	2. Accounts payable under reinsurance operations		21,563	62,982
			724,329	689,251
II.	Other liabilities
	Liabilities under insurance business
	Liabilities under direct insurance business
		to policyholders	122,319	108,802
		to intermediaries	99,036	93,063
		to insurance companies	5,341	3,637
			226,696	205,502
	Liabilities to credit institutions		3,922	0
	Other liabilities		424,478	224,495
		of which for taxes	45,652	45,667
		of which for social security	10,055	10,149
		of which from fund consolidation	251,376	84,001
	Total other liabilities		655,096	429,998
Subtotal			1,379,425	1,119,248
	Of which liabilities with a remaining term of
		up to 1 year	766,296	575,559
		between 1 and 5 years	41,472	26,608
		more than 5 years	571,657	517,081
			1,379,425	1,119,248
III.	Other liabilities
	Deferred income		8,232	11,539
Total payables and other liabilities			1,387,657	1,130,787

The item “Deferred income” basically comprises the balance of the deferred income regarding the indirect business settlement.

28 | Liabilities from income tax

		31 Dec. 2006 Group total € 000	31 Dec. 2005 Group total € 000
Liabilities from income tax		66,754	95,361
Liabilities from income tax
	up to 1 year	6,150	205
	between 1 and 5 years	60,074	94,938
	more than 5 years	530	218

29 | Deferred tax liabilities

Cause of origin		31 Dec. 2006 Group total € 000	31 Dec. 2005 Group total € 000
Actuarial items		152,276	135,119
Untaxed reserves		27,761	28,953
Shares in affiliated companies		28,425	28,425
Investments		79,261	71,434
Other		12,166	4,900
Total		299,889	268,831
	Of which not affecting income	57,845	43,007