Development of asset items

A. Tangible assets I. Self-used land and buildings II. Other tangible assets 1. Tangible assets 2. Inventories 3. Other assets Total A. II. Total A. B. Land and buildings held as financial investments C. Intangible assets I. Deferred acquisition costs II. Goodwill 1. Positive goodwill 2. Value of insurance policies Total C. II. III. Other intangible assets 1. Self-produced software 2. Acquired intangible assets Total C. III. Total C. D. Shares in associated companies E. Investments I. Variable-yield interest securities 1.Shares, investment shares and other variable-yield securities, including holdings and shares in associated companies 2. At fair value through profit or loss Total E. I. II. Fixed interest securities 1. Debt securities and other fixed interest securities 2. At fair value through profit or loss Total E. II. III. Loans and other investments 1. Loans a) Debt securities issued by and loans to associated companies b) Debt securities issued by and loans to participating interests c) Mortgage loans d) Loans and advance payments on policies e) Other loan receivables and registered bonds Total E. III. 1. 2. Cash at credit institutions 3. Deposits with ceding companies Total E. III. IV. Derivatives Total E. F. Investments held on account and at risk of life insurance policyholders Aggregate total

Balance sheet values 2006 € 000 Currency differences € 000 Additions € 000 Unrealised capital gains and losses € 000 Amortisation € 000 Transfers € 000 Disposals € 000 Appreciation € 000 Depreciation € 000 Book values for financial year € 000 233,997 861 1,555 0 0 –1,976 236 0 7,015 227,187 44,608 176 15,373 0 0 67 2,076 87 14,810 43,425 4,844 0 575 4,269 61,661 28,676 0 90,336 111,113 176 44,049 0 0 67 2,651 87 14,810 138,030 345,110 1,038 45,604 0 0 –1,909 2,887 87 21,824 365,218 927,456 –674 141,922 0 0 1,910 2,104 0 54,251 1,014,259 863,430 1,291 208,173 0 0 –10,126 0 0 189,307 873,462 190,545 0 40,776 0 0 0 0 0 4,689 226,632 62,519 -8 8,620 0 0 10,126 0 0 14,431 66,826 253,064 -8 49,396 0 0 10,126 0 0 19,119 293,458 7,909 0 0 0 0 0 135 0 3,978 3,796 39,258 140 18,495 0 0 0 10,954 31 11,493 35,477 47,167 140 18,495 0 0 0 11,089 31 15,471 39,273 1,163,661 1,423 276,064 0 0 0 11,089 31 223,897 1,206,193 371,998 0 30,064 3,417 0 0 127,225 232,098 3,697 506,654 3,462,337 717 3,854,420 113,125 0 –94 3,375,108 8,178 94,062 3,969,512 1,025,332 0 1,335,487 0 0 0 1,385,638 98,996 98,223 975,953 4,487,668 717 5,189,906 113,125 0 –94 4,760,746 107,174 192,285 4,945,465 10,634,769 7,972 8,133,629 –386,855 –7,671 –809 8,047,320 66,618 327,718 10,072,617 508,599 0 175,711 0 –350 0 165,970 9,233 30,585 496,638 11,143,369 7,972 8,309,340 –386,855 –8,021 –809 8,213,290 75,851 358,303 10,569,255 80 1 14,213 0 0 240 39 0 0 14,495 792 0 0 0 0 –240 0 0 0 552 178,956 0 14,098 0 0 –1,427 16,468 0 2,375 172,784 15,400 –2 3,964 0 0 0 5,088 0 0 14,274 838,814 –474 155,893 –4,237 0 1,427 209,179 0 1,870 780,374 1,034,044 –475 188,167 –4,237 0 0 230,774 0 4,245 982,480 802,106 2,974 100 0 0 –110 147,758 171 8,169 649,313 105,678 –6 15,281 0 0 0 2,045 0 0 118,908 1,941,827 2,492 203,548 –4,237 0 –110 380,577 171 12,414 1,750,700 95,970 0 52,167 0 0 0 103,401 71,625 56,133 60,228 17,668,834 11,181 13,754,961 –277,967 –8,021 –1,012 13,458,013 254,821 619,135 17,325,648 1,952,897 –528 1,724,254 –33,854 141 1,012 1,161,720 4,751 16,612 2,470,340 22,429,957 12,439 15,972,869 –308,404 –7,880 0 14,763,039 491,787 939,418 22,888,312

1 | Self-used land and buildings

		31 Dec. 2007 € 000	31 Dec. 2006 € 000
Book values for
	Property and casualty insurance	95,344	104,338
	Life insurance	118,568	116,025
	Health insurance	13,276	13,635
		227,187	233,997
Market values for
	Property and casualty insurance	123,217	132,918
	Life insurance	140,332	124,789
	Health insurance	17,870	18,338
		281,419	276,045
Acquisition values		323,285	323,175
Cumulative depreciation		–96,098	-89,177
Book value		227,187	233,997
Useful life for land and buildings		10-80 years	10-80 years
Additions from company acquisition		31 Dec. 2007 € 000	31 Dec. 2006 € 000
Self-used land and buildings		0	2,087

The market values are derived from expert reports.

2 | Other tangible assets

	31 Dec. 2007 € 000	31 Dec. 2006 € 000
Tangible assets	43,425	44,608
Inventories	4,269	4,844
Other assets	90,336	61,661
Total	138,030	111,113

Tangible assets Development in financial year	€ 000
Acquisition values as at 31 Dec. 2006	159,825
Cumulative depreciation up to 31 Dec. 2006	–115,216
Book value as at 31 Dec. 2006	44,608
Currency translation changes	176
Additions	15,373
Disposals	–2,076
Transfers	67
Appreciation and depreciation	–14,723
Book value as at 31 Dec. 2007	43,425
Acquisition values as at 31 Dec. 2007	159,608
Cumulative depreciation up to 31 Dec. 2007	–116,183
Book value as at 31 Dec. 2007	43,425

Tangible assets refer mainly to office equipment. They are depreciated over a useful life of 4 to 10 years. The amounts of depreciation are recognised in the income statement on the basis of allocated operating expenses under the items insurance benefits, operating expenses and net investment income.

Additions from company acquisitions	31 Dec. 2007 € 000	31 Dec. 2006 € 000
Tangible assets	56	1,081

3 | Land and buildings held as financial investments

		31 Dec. 2007 Group total € 000	31 Dec. 2006 Group total € 000
Book values for
	Property and casualty insurance	329,023	334,423
	Health insurance	179,540	181,204
	Life insurance	505,697	411,829
		1,014,259	927,456
Market values for
	Property and casualty insurance	481,703	456,839
	Health insurance	434,941	408,361
	Life insurance	652,581	566,932
		1,569,225	1,432,132
Acquisition values		1,398,800	1,257,256
Cumulative depreciation		–384,541	-329,800
Book value		1,014,259	927,456
Useful life for land and buildings		10-80 years	10-80 years
Additions from company acquisition		31 Dec. 2007 € 000	31 Dec. 2006 € 000
Land and buildings used by third parties		42,879	52,667

The market values are derived from expert reports.

		31 Dec. 2007 € 000
Change on impairment for current year		25,000
	of which reallocation	25,000

4 | Deferred acquisition costs

		2007 € 000	2006 € 000
Property and casualty insurance
	Situation as at 1 Jan.	110,050	97,131
	Currency translation changes	1,030	352
	Changes to scope of consolidation	0	168
	Capitalisation	60,583	57,065
	Depreciation	–49,992	-44,665
	Situation as at 31 Dec.	121,671	110,050
Health insurance
	Situation as at 1 Jan.	213,952	214,008
	Currency translation changes	1	1
	Capitalisation	14,924	14,371
	Interest surcharge	9,182	9,166
	Depreciation	–23,395	-23,593
	Situation as at 31 Dec.	214,665	213,952
Life insurance
	Situation as at 1 Jan.	539,428	496,159
	Currency translation changes	259	268
	Capitalisation	104,734	105,867
	Interest surcharge	18,750	22,778
	Transfers	–10,126	0
	Depreciation	-155,920	-85,643
	Situation as at 31 Dec.	537,126	539,428
Consolidated financial statements
	Situation as at 1 Jan.	863,430	807,297
	Currency translation changes	1,291	620
	Changes to scope of consolidation	0	168
	Capitalisation	180,241	177,302
	Interest surcharge	27,932	31,944
	Transfers	–10,126	0
	Depreciation	–189,307	-153,901
	Situation as at 31 Dec.	873,462	863,430

5 | Goodwill

		€ 000
Acquisition values as at 31 Dec. 2006		353,975
Cumulative depreciation up to 31 Dec. 2006		–100,911
Book value as at 31 Dec. 2006		253,064
Acquisition values as at 31 Dec. 2007		415,774
Cumulative depreciation up to 31 Dec. 2007		–122,316
Book value as at 31 Dec. 2007		293,458
		€ 000
Cumulative depreciation up to 31 Dec. 2007		122,316
	of which relating to impairment	21,337
	of which current depreciation	100,979
		31,12,2007 Tsd, €
Change in impairment for current year		4,689
	of which reallocation	4,689

Important additions: UNIQA Insurance plc., Bulgaria, UNIQA a.d.o., Serbia and UNIQA pojišt’ovna, Czech Republic.

The values mentioned above include the goodwill and the purchase price paid for the total acquired insurance policies.,

Company acquisitions 2007	Amounts placed at the time of acquisition € 000	Book value of the acquired companies € 000
Assets	50,955	50,955
Tangible assets	56	56
Land and buildings held as financial investments	42,879	42,879
Intangible assets	1	1
Shares in associated companies	0	0
Investments	100	100
Investments held for unit-linked and index-linked life insurance policyholders	0	0
Share of reinsurance in the technical provisions	0	0
Receivables including receivables under insurance business	2,530	2,530
Receivables from income tax	0	0
Deferred tax assets	0	0
Liquid funds	5,389	5,389
Equity and liabilities	50,955	50,955
Total equity	31,512	31,512
Subordinated liabilities	0	0
Technical provisions	71	71
Technical provisions for life insurance policies held on account and at risk of policyholders	0	0
Financial liabilities	0	0
Other provisions	5	5
Payables and other liabilities	16,268	16,268
Liabilities from income tax	0	0
Deferred tax liabilities	3,099	3,099

6 | Other intangible assets

	Self-produced software € 000	Acquired intangible assets € 000
Acquisition values as at 31 Dec. 2006	40,003	149,972
Cumulative depreciation up to 31 Dec. 2006	–32,094	–110,714
Book value as at 31 Dec. 2006	7,909	39,258
Acquisition values as at 31 Dec. 2007	35,536	154,575
Cumulative depreciation up to 31 Dec. 2007	–31,740	–119,098
Book value as at 31 Dec. 2007	3,796	35,477

Other intangible assets comprised:

	31 Dec. 2007 € 000	31 Dec. 2006 € 000
Computer software	34,361	40,034
Copyrights	30	0
Licences	1,844	2,438
Other intangible assets	3,039	4,695
	39,273	47,167
Useful life	years	years
Self-produced software	2-5	2-5
Acquired intangible assets	2-5	2-5

The intangible assets include paid-for and self-produced computer software, licences and copyrights.

The amortisation of the other intangible assets was recognised in the income statement on the basis of allocated operating expenses under the items insurance benefits, operating expenses and net investment income.

Intangible assets are depreciated using the straight-line method.

Additions from company acquisition	31 Dec. 2007 € 000	31 Dec. 2006 € 000
Self-produced software	0	0
Acquired intangible assets	1	1,496

	31 Dec. 2007 € 000
Research and development expenditures recorded as an expense during the period under review	4,462

7 | Shares in affiliated companies and companies valued at equity

		31 Dec. 2007 € 000	31 Dec. 2006 € 000
Current market value for
	Shares in affiliated companies of minor importance1)	20,044	18,804
	Shares in associated companies of minor importance	17,326	26,722
Book value for
	Shares in associated companies valued at equity	489,328	345,276
Equity for
	Shares in affiliated companies of minor importance	13,303	13,919
Annual net profit/deficit for the year
	Shares in affiliated companies of minor importance	936	-4,019
1) The shares in affiliated companies of minor importance are shown on the balance sheet as available for disposal at any time under variable-yield securities (Assets E. I. 1.).

Shares in associated companies	31 Dec. 2007 € 000
Current market value of associated companies listed on a public stock exchange	735,488
Profits/losses for the period	18,288
Unrecorded, proportional loss, ongoing, if shares of loss are no longer recorded	0
Unrecorded, proportional loss, cumulative, if shares of loss are no longer recorded	0

The book value of STRABAG SE increased in 2007 by €132.108 million. This included share premium profit in the amount of €211.416 million and a book value loss of €79.604 million from investment sales.

8 | Securities available for sale

Type of investment Shares in affiliated companies Shares Equity funds Debenture bonds not capital-guaranteed Other variable-yield securities Participating interests and other investments Fixed interest securities Total

Acquisition costs Fluctuation in value not affecting income Accumulated value adjustments Foreign currency differences affecting income Market values 31 Dec. 2007 € 000 31 Dec. 2006 € 000 31 Dec. 2007 € 000 31 Dec. 2006 € 000 31 Dec. 2007 € 000 31 Dec. 2006 € 000 31 Dec. 2007 € 000 31 Dec. 2006 € 000 31 Dec. 2007 € 000 31 Dec. 2006 € 000 20,044 18,804 0 0 0 0 0 0 20,044 18,804 869,012 901,955 26,810 38,249 –29,449 –26,771 0 0 866,373 913,433 825,940 467,114 –28,623 32,194 –7,869 0 0 0 789,449 499,309 648,635 700,879 35,675 40,131 0 0 –38,612 –12,681 645,699 728,329 1,139,130 864,862 –40,257 3,639 0 –2,229 0 0 1,098,873 866,272 249,205 241,096 316,570 209,174 –16,700 –14,080 0 0 549,075 436,190 10,765,259 10,793,413 –325,920 33,575 –235,797 –129,260 –130,926 –62,959 10,072,617 10,634,769 14,517,225 13,988,124 –15,745 356,963 –289,815 –172,341 –169,538 –75,640 14,042,129 14,097,106

The market values listed for participating interests contain participating interest valuations based on internal calculations, resulting in an appreciation in the amount of €117.877 million in 2007. In 2006, application of this valuation method resulted in an appreciation of €153.145 million.

Type of investment	Accumulated value adjustments		Of which accumulated from previous years		Of which from current year
	31 Dec. 2007 € 000	31 Dec. 2006 € 000	31 Dec. 2007 € 000	31 Dec. 2006 € 000	31 Dec. 2007 € 000	31 Dec. 2006 € 000
Shares in affiliated companies	0	0	0	0	0	0
Shares	–29,449	–26,771	4,534	–10,550	–33,982	–16,221
Equity funds	–7,869	0	–2,442	0	–5,427	0
Debenture bonds not capital-guaranteed	0	0	0	0	0	0
Other variable-yield securities	0	–2,229	–2,254	0	2,254	–2,229
Participating interests and other investments	–16,700	–14,080	–13,023	0	–3,677	–14,080
Fixed interest securities	–235,797	–129,260	–95,785	–38,106	–140,012	–91,154
Total	–289,815	–172,341	–108,970	–48,656	–180,844	–123,684

Type of investment	Change in value adjustment current year	Of which write-down/ write-up affecting income	Of which changes due to disposal	Of which write-up of equity
	31 Dec. 2007 € 000	31 Dec. 2007 € 000	31 Dec. 2007 € 000	31 Dec. 2007 € 000
Shares in affiliated companies	0	0	0	0
Shares	–2,678	–33,982	31,305	0
Equity funds	–7,869	–5,427	–2,442	0
Debenture bonds not capital-guaranteed	0	0	0	0
Other variable-yield securities	2,229	2,254	–25	0
Participating interests and other investments	–2,620	–3,677	1,057	0
Fixed interest securities	–106,537	–140,012	33,476	0
Total	–117,474	–180,844	63,370	0

Type of investment	Change in value adjustment current year	Of which write-down/ write-up affecting income	Of which changes due to disposal	Of which write-up of equity
	31 Dec. 2007 € 000	31 Dec. 2007 € 000	31 Dec. 2007 € 000	31 Dec. 2007 € 000
Shares in affiliated companies	0	0	0	0
Shares	–2,678	–33,982	31,305	0
Equity funds	–7,869	–5,427	–2,442	0
Debenture bonds not capital-guaranteed	0	0	0	0
Other variable-yield securities	2,229	2,254	–25	0
Participating interests and other investments	–2,620	–3,677	1,057	0
Fixed interest securities	–106,537	–140,012	33,476	0
Total	–117,474	–180,844	63,370	0

Change in equity as at 31 Dec. 2007	Allocation not affecting income		Withdrawal1) due to disposals affecting income		Change in unrealised gains/losses
	31 Dec. 2007 € 000	31 Dec. 2006 € 000	31 Dec. 2007 € 000	31 Dec. 2006 € 000	31 Dec. 2007 € 000	31 Dec. 2006 € 000
Other securities – available for sale
Gross	–277,967	114,816	–94,982	–207,873	–372,949	–93,057
Deferred tax	52,640	–32,029	–43,667	22,673	8,973	–9,356
Deferred profit participation	70,182	29,150	278,388	124,594	348,570	153,744
Minority interest	2,656	3,909	15,274	10,309	17,930	14,218
Net	–152,488	115,846	155,013	–50,297	2,524	65,549
1) Withdrawal affecting the income statement due to disposals and impairments.

Remaining contractual term	Acquisition costs		Market values
	31 Dec. 2007 € 000	31 Dec. 2006 € 000	31 Dec. 2007 € 000	31 Dec. 2006 € 000
Infinite	24,002	46,558	24,637	47,347
Up to 1 year	2,702,664	657,301	2,499,159	656,151
Of more than 1 year up to 5 years	3,185,270	3,942,155	3,090,701	3,922,674
Of more than 5 years up to 10 years	4,554,791	4,212,410	4,389,110	4,156,568
More than 10 years	2,086,297	3,500,730	1,813,582	3,446,630
Total	12,553,024	12,359,154	11,817,188	12,229,370

The remaining maturities stipulated by contract refer to fixed interest securities, other variable-yield securities and bonds without capital guarantee.

Risk of default rating		31 Dec. 2007 € 000
Fixed interest securities
	Rating AAA	3,140,147
	Rating AA	2,804,301
	Rating A	3,210,010
	Rating BBB	1,151,185
	Rating	1,194,994
	Not assigned	316,551
	Rating total of fixed interest securities	11,817,188
Issuer countries
Share securities
	IE, NL, UK, US	351,279
	AT, BE, CH, DE, DK, FR, IT	582,844
	ES, FI, NO, SE	44,627
	Remaining EU	463,974
	Other countries	313,615
Issuer countries total of share securities		1,756,339
Other shareholdings		448,557
Total variable-yield securities		2,204,897

9 | Derivative financial instruments

		31 Dec. 2007 € 000	31 Dec. 2006 € 000
Market values
Share risk		14,793	42,278
Interest rate change risk		536	6,045
Currency risk		38,847	27,790
Structured risk		–6,289	18,648
Total		47,887	94,761
Structured risk – of which:
	Share risk	6,903	18,925
	Interest rate change risk	–15,612	–12,108
	Currency risk	2,420	10,428
	Credit risk	0	1,404
Balance sheet value
Investments		60,228	95,970
Financial liabilities		–12,342	–1,209

10 | Loans

	Book values
	31 Dec. 2007 € 000	31 Dec. 2006 € 000
1. Loans to affiliated companies	14,495	80
2. Loans to participating interests	552	792
3. Mortgage loans	172,784	178,956
4. Loans and advance payments on policies	14,274	15,400
5. Other loans	529,874	613,566
6. Registered bonds	250,500	225,248
Total	982,480	1,034,044

Remaining contractual term	Book values
	31 Dec. 2007 € 000	31 Dec. 2006 € 000
Infinite	1,683	2,184
Up to 1 year	61,906	204,544
Of more than 1 year up to 5 years	224,772	188,968
Of more than 5 years up to 10 years	476,410	431,477
More than 10 years	217,709	206,870
Total	982,480	1,034,044

	Market values
	31 Dec. 2007 € 000	31 Dec. 2006 € 000
1. Loans to affiliated companies	14,495	80
2. Loans to participating interests	552	792
3. Mortgage loans	172,784	178,956
4. Loans and advance payments on policies	14,274	15,400
5. Other loans	522,624	617,068
6. Registered bonds	250,500	225,248
Total	975,230	1,037,546

Remaining contractual term	Market values
	31 Dec. 2007 € 000	31 Dec. 2006 € 000
Infinite	1,683	2,184
Up to 1 year	61,733	204,585
Of more than 1 year up to 5 years	225,566	189,401
Of more than 5 years up to 10 years	470,536	434,505
More than 10 years	215,713	206,870
Total	975,230	1,037,546

11 | Other investments

	31 Dec. 2007 € 000	31 Dec. 2006 € 000
Other investments included:
Deposits with credit institutions	649,313	802,106
Deposits with ceding companies	118,908	105,678
Total	768,221	907,783

12 | Receivables incl. receivables under insurance business

			31 Dec. 2007 € 000	31 Dec. 2006 € 000
I.	Reinsurance receivables
	1. Accounts receivable under reinsurance operations		67,795	36,298
			67,795	36,298
II.	Other receivablesn
	Receivables under the insurance business
	1. from policyholders		219,145	202,790
	2. from intermediaries		62,285	62,817
	3. from insurance companies		6,828	8,310
			288,258	273,917
	Other receivables
	Accrued interest and rent		205,764	221,679
	Other tax refund claims		42,126	28,648
	Receivables due from employees		3,614	3,709
	Other receivables		155,437	106,832
			406,940	360,867
Total other receivables			695,198	634,784
Subtotal			762,993	671,083
	of which receivables with a remaining term of
		up to 1 year	746,926	657,315
		more than 1 year	16,067	13,767
			762,993	671,083
	of which receivables with values not yet adjusted
		up to 3 months overdue	48,590	51,410
		more than 3 months overdue	5,961	5,661
III.	Other assets
	Accruals		43,383	37,150
			43,383	37,150
Total receivables incl. receivables under insurance business			806,377	708,233

13 | Receivables from income tax

			31 Dec. 2007 € 000	31 Dec. 2006 € 000
Receivables from income tax			51,253	54,249
	of which receivables with a remaining term of
		up to 1 year	38,533	40,954
		more than 1 year	12,720	13,295

14 | Deferred tax assets

Cause of origin	31 Dec. 2007 € 000	31 Dec. 2006 € 000
Actuarial items	9,158	8,762
Social capital	45,901	54,585
Investments	2,636	2,583
Loss carried forward	3,514	5,052
Other	15,846	14,019
Total	77,055	85,000

15 | Subscribed capital

		31 Dec. 2007	31 Dec. 2006
Number of authorised and issued
	no-par shares	119,777,808	119,777,808
	of which fully paid up	119,777,808	119,777,808

The subscribed capital and capital reserves correspond to values from the individual financial statements of UNIQA Versicherungen AG.

Unrealised capital gains and losses from the revaluation of investments available for sale affected the revaluation reserve, with deferred participation in profits (for life insurance) and deferred taxes taken into consideration.

In addition to the subscribed capital, UNIQA Versicherungen AG has at its disposal an authorised capital in the amount of €50 million. The Annual General Meeting of 23 May 2005 extended the authorisation of the Management Board of UNIQA Versicherungen AG to increase the share capital, with the approval of the Supervisory Board, up to and including 30 June 2010.

In addition, the Management Board was authorised, in the first, second and fourth Annual General Meetings, to buy own shares in accordance with Section 65 paragraph 1 number 8 and paragraph 1a of the Austrian Stock Corporation Act, upon approval by the Supervisory Board. On 28 April 2004, the UNIQA Versicherungen AG Management Board decided to resell shares which had previously been bought back. This decision was approved by the Supervisory Board on 29 April 2004, and the share buy-back programme was suspended as the resale programme came into effect on 6 May 2004.

At the reporting date, own shares are accounted for as follows:

		31 Dec. 2007	31 Dec. 2006
Shares held by:
UNIQA Versicherungen AG
	Acquisition costs in € 000	2,561	2,561
	Number of shares	350,000	350,000
	Share of subscribed capital in %	0.29	0.29

In the performance figure “earnings per share”, the consolidated profit is set against the average number of ordinary shares in circulation.

Earnings per share		2007	2006
Consolidated profit in € 000		247,103	151,900
	of which accounts for ordinary shares in € 000	247,103	151,900
Own shares as at 31 Dec. 2007		350,000	350,000
Average number of shares in circulation		119,427,808	119,427,808
Earnings per share in €)1)		2.07	1.27
Earnings before taxes per share in €)1)		2.67	1.80
Earnings per share1), adjusted for goodwill amortisation in €		2.23	1.34
Profit from ordinary activities per share, adjusted for goodwill amortisation in €		3.01	2.07
Dividend per share		0.502)	0.35
Dividend payment in € 000		59,71422)	41,800
1) Calculated on the basis of the consolidated profit for the year. 2) Subject to the decision to be taken in the AGM.

The diluted earnings per share is equal to the undiluted earnings per share in the reporting year and in the previous year.

Change in the tax amounts included in the equity without affecting income	31 Dec. 2007 € 000
Effective tax	0
Deferred tax	2,607
Total	2,607

16 | Minority interests

	31 Dec. 2007 € 000	31 Dec. 2006 € 000
In revaluation reserve	–14,796	3,134
In net income for the year	21,889	23,165
In other equity	188,749	181,000
Total	195,843	207,299

17 | Subordinated liabilities

	31 Dec. 2007 € 000	31 Dec. 2006 € 000
Supplementary capital	575,000	475,000

In December 2002, Raiffeisen Versicherung AG, and in July 2003, UNIQA Versicherungen AG, UNIQA Personenversicherung AG and UNIQA Sachversicherung AG issued partial debentures with a nominal value of €325 million for paid-up supplementary capital, according to Section 73 c paragraph 2 of the Austrian Insurance Supervisory Act. The partial debentures are valid for an unlimited time period. An ordinary or extraordinary notice of redemption to the issuer is not possible for at least 5 years. Subject to coverage in the annual net profit before the issuer’s movements in reserves, the interest to July 2013 will be 5.36%, except in the case of Raiffeisen Versicherung AG, where the interest to December 2012 will be 5.7%, plus a bonus interest payment of between 0.2% and 0.4%, depending on sales profitability and the increase in premiums in comparison to the whole market.

In December 2006, UNIQA Versicherungen AG issued bearer debentures with a face value of €150 million for deposited supplementary capital, according to Section 73 c paragraph 2 of the Austrian Insurance Supervisory Act. According to the conditions of the bearer debentures, the deposited capital of UNIQA Versicherungen AG is agreed to remain at the company’s disposal for at least 5 years, with no ordinary or extraordinary cancellation possible. Interest is applied only insofar as this is covered in the net profit for the year of the issuer. The interest rate up to December 2016 is 5.079%.

In January 2007, UNIQA Versicherungen AG issued additional bearer debentures with a face value of €100 million for deposited supplementary capital, according to Section 73 c paragraph 2 of the Austrian Insurance Supervisory Act. According to the conditions of the bearer debentures, the deposited capital of UNIQA Versicherungen AG is agreed to remain at the company’s disposal for at least 5 years, with no ordinary or extraordinary cancellation possible. Interest is applied only insofar as this is covered in the net profit for the year of the issuer. The interest rate up to December 2016 is 5.342%.

18 | Unearned premiums

	31 Dec. 2007 € 000	31 Dec. 2006 € 000
Property and casualty insurance
Gross	416,518	374,948
Reinsurers’ share	–7,830	–30,951
	408,688	343,997
Health insurance
Gross	13,467	15,039
Reinsurers’ share	–72	–80
	13,395	14,959
Consolidated financial statements
Gross	429,985	389,987
Reinsurers’ share	–7,902	–31,031
Total (fully consolidated values)	422,083	358,956

19 | Actuarial provision

	31 Dec. 2007 € 000	31 Dec. 2006 € 000
Property and casualty insurance
Gross	44,727	44,800
Reinsurers’ share	–244	–251
	44,482	44,550
Health insurance
Gross	2,100,697	1,974,470
Reinsurers’ share	–1,708	–1,842
	2,098,989	1,972,628
Life insurance
Gross	13,021,276	12,923,203
Reinsurers’ share	–406,701	–382,186
	12,614,575	12,541,017
Consolidated financial statements
Gross	15,166,700	14,942,474
Reinsurers’ share	–408,653	–384,279
Total (fully consolidated values)	14,758,046	14,558,195

The interest rates used as an accounting basis were as follows:

For	Health insurance acc. to SFAS 60 %	Life insurance acc. to SFAS 120 %
2007
For actuarial provision	4.50 bzw. 5.50	1.75–4.00
For deferred acquisition costs	4.50 bzw. 5.50	4.70
2006
For actuarial provision	4.50 bzw. 5.50	1.75–4.00
For deferred acquisition costs	4.50 bzw. 5.50	4.80

20 | Provision for outstanding claims

	31 Dec. 2007 € 000	31 Dec. 2006 € 000
Property and casualty insurance
Gross	1,921,373	1,770,641
Reinsurers’ share	–339,161	–312,033
	1,582,211	1,458,607
Health insurance
Gross	152,385	151,484
Reinsurers’ share	–702	–759
	151,683	150,725
Life insurance
Gross	117,913	100,756
Reinsurers’ share	–11,754	–9,775
	106,159	90,982
Consolidated financial statements
Gross	2,191,671	2,022,881
Reinsurers’ share	–351,617	–322,567
Total (fully consolidated values)	1,840,054	1,700,314

The provisions for outstanding claims developed in the property and casualty insurance as follows:

		2007 € 000	2006 € 000
1.	Provisions for outstanding claims as at 1 Jan.
	a. Gross	1,770,641	1,694,155
	b. Reinsurers’ share	–312,033	–323,220
	c. Retention	1,458,607	1,370,935
2.	Plus (retained) claims expenditures
	a. Losses of the current year	1,285,245	1,199,829
	b. Losses of the previous year	–73,252	–147,719
	c. Total	1,211,993	1,052,110
3.	Less (retained) losses paid
	a. Losses of the current year	–642,759	–598,972
	b. Losses of the previous year	–453,194	–385,554
	c. Total	–1,095,953	–984,527
4.	Foreign currency translation	7,615	5,280
5.	Change in consolidation scope	1,720	14,808
6.	Other changes	–1,771	0
7.	Provisions for outstanding claims as at 31 Dec.
	a. Gross	1,921,373	1,770,641
	b. Reinsurers’ share	–339,161	–312,033
	c. Retention	1,582,211	1,458,607

Claims payments	2002 € 000	2003 € 000	2004 € 000	2005 € 000	2006 € 000	2007 € 000	Total € 000
Financial year	577,135	549,486	532,073	574,976	620,980	666,924
One year later	905,047	824,772	828,367	888,892	944,083
Two years later	971,003	887,579	902,521	968,023
Three years later	1,000,623	916,610	935,170
Four years later	1,015,582	933,776
Five years later	1,028,535
Accumu- lated payments	1,028,535	933,776	935,170	908,373	944,083	666,924
Estimated final claims payments	1,077,243	1,020,402	1,062,966	1,146,816	1,224,578	1,321,911
Current balance sheet reserve	48,708	86,625	127,796	178,793	280,494	654,987	1,377,403
Balance sheet reserve for the claims years “2001 and before”:							405,989
							1,783,392
Plus other reserve compo- nents (internal claims regulation costs, etc.)							137,980
Provisions for out- standing claims (gross) as at 31 Dec. 2007							1,921,373