Employees

Personnel expenses1)		2007 € 000	2006 € 000
Salaries and wages		311,133	291,929
Expenses for severance payments		12,894	17,942
Expenses for employee pensions		–14,985	30,788
Expenditure on mandatory social security contributions as well as income-based charges and compulsory contributions		90,259	87,909
Other social expenditures		5,630	5,926
Total		404,931	434,493
	of which business development	126,745	134,928
	of which administration	259,310	280,425
1) The data are based on IFRS valuation.

Average number of employees		2007	2006
Total		10,997	10,748
	of which business development	4,273	3,958
	of which administration	6,724	6,791

		2007 € 000	2006 € 000
Expenses for severance payments and employee pensions amounted to
	Members of the Management Board and executive employees, in accordance with Section 80 paragraph 1 of the Stock Corporation Law	5,786	5,929
	Other employees	37,770	34,016

Both figures include the expenditure for pensioners and surviving dependants (basis: Business Code valuation). The indicated expenses were charged to the Group companies based on defined company processes.

Earnings of the Management Board and Supervisory Board

Members of the Management Board receive remunerations exclusively from UNIQA Versicherungen AG.

		2007 € 000	2006 € 000
The expenses for remuneration of Management Board members attributable to the reporting year amounted to:
	Regular payments	2,236	1,902
	Performance-related remunerations	1,815	1,540
Total		4,051	3,442
	of which charged to operational subsidiaries:	3,848	3,270
Former members of the Management Board and their surviving dependants were paid:		2,665	2,574
Because of pension commitments to these persons, the following provision was set up on 31 December		21,054	24,796

The remuneration to members of the Supervisory Board amounted to:

	2007 € 000	2006 € 000
For the current financial year (provision)	410	410
Meeting attendance fee	41	39
Total	451	449

Former members of the Supervisory Board did not receive any remuneration.

The information according to Section 239 paragraph 1 of the Austrian Business Code in connection with 80b of the Insurance Supervisory Act, which must be included in the appendix as mandatory information for financial statements according to IFRS, releasing the company from the requirement to prepare financial statements in accordance with the Austrian Commercial Code, are defined for the individual financial statements according to the provisions of the Austrian Business Code, with expanded scope. In addition to the executive functions (Management Board) of UNIQA Versicherungen AG, the individual financial statements also include the earnings of the Management Boards of the subsidiaries, insofar as there exists a legally binding basis with UNIQA Versicherungen AG.

Principles for profit participation by the Management Board

A variable income component was made available to the members of the Management Board for the 2007 financial year, in the form of bonus agreements, and provided as a one-time payment based on the earnings situation in 2007. The basis for determining the size of the bonus is the return on equity based on the 2007 IFRS consolidated financial statements, of UNIQA Versicherungen AG.

Principles for the pension scheme provided in the company for the Management Board and its requirements

Retirement pensions, a pension for occupational invalidity as well as a widow’s and orphans’ pension have been established. The retirement pension is due upon meeting the requirements for the old-age pension according to the General Social Security Act. The pension amount is calculated from a percentage of a contractually established assessment basis. In the event of early pension eligibility according to the transitional provisions included in the General Social Security Act, the pension claim is reduced. For the occupational invalidity pension and the pension for surviving dependants, flat rates are provided as the minimum pension.

Principles for vested rights and claims of the Management Board of the company in the event of termination of their position

Severance payments have been agreed upon based partially on the provisions of the Salaried Employee Act. The benefits are fundamentally retained in the event of termination of membership of the Management Board; however, a reduction rule based on the remaining time until meeting the claim requirements for the old-age pension according to the General Social Security Act applies.

Supervisory Board remuneration scheme

Remunerations to the Supervisory Board are passed at the Annual General Meeting as a total amount for the work in the past financial year. The remuneration amount applicable to the individual Supervisory Board members is based on the position within the Supervisory Board and the number of committee positions.

Group holding company

The parent company of the UNIQA Group is UNIQA Versicherungen AG. This company is registered in the company registry of the Commercial Court of Vienna under FN 92933 t. In addition to its duties as Group holding company, this company also performs the duties of a Group reinsurer.

Related companies and persons		2007 € 000	2006 € 000
Receivables and liabilities with affiliated and associated companies, as well as related persons
Mortgage loans and other loans		14,264	80
	Affiliated companies	14,264	80
Receivables		5,098	2,383
Other receivables		5,098	2,383
	Affiliated companies	5,085	2,376
	Associated companies	13	6
Liabilities		2,226	1,270
Other liabilities		2,226	1,270
	Affiliated companies	2,226	1,270
Income and expenses of affiliated companies as well as related persons
Income		92	-1,271
Investment income		19	-1,274
	Affiliated companies	19	-1,274
Other income		73	3
	Affiliated companies	73	3

Other financial commitments and contingent liabilities		2007 € 000	2006 € 000
Contingent liabilities from risks of litigation		7,981	8,563
	Foreign	7,981	8,563
Other contingent liabilities (affiliated, not consolidated)		0	0
	Foreign	0	0
Other contingent liabilities		1,425	130
	Foreign	1,425	130
Total		9,405	8,693

The companies of the UNIQA Group are involved in court proceedings in Austria and other countries in connection with their ordinary business operations as insurance companies. The result of the pending or threatened proceedings is often impossible to determine or predict.

In consideration of the provisions set aside for these proceedings, the management is of the opinion that these proceedings have no significant effects on the financial situation and the operating earnings of the UNIQA Group.

		2007 € 000	2006 € 000
Current leasing expenses		28	21
Future leasing payments due to the financing of the new UNIQA headquarters in Vienna
	up to 1 year	6,048	5,693
	of more than 1 year up to 5 years	24,279	22,878
	of more than 5 years	60,483	56,932
Total		90,810	85,503
Income from subleasing		489	297

We moved into the new UNIQA headquarters – the UNIQA Tower – in 2004. The aforementioned leasing obligations are based on the investment expenditures in connection with a specific calculatory rate of interest yield.

Affiliated and associated companies in 2007

Company	Type	Location	Equity in € million1)	Share in equity in %2)
Domestic insurance companies
UNIQA Versicherungen AG (Group Holding Company)		1029 Vienna
UNIQA Sachversicherung AG	Full	1029 Vienna	123.6	100.0
UNIQA Personenversicherung AG	Full	1029 Vienna	368.5	63.4
Salzburger Landes-Versicherung AG	Full	5020 Salzburg	21.2	100.0
Raiffeisen Versicherung AG	Full	1029 Vienna	395.6	100.0
CALL DIRECT Versicherung AG	Full	1029 Vienna	11.3	100.0
FINANCE LIFE Lebensversicherung AG	Full	1029 Vienna	19.3	100.0
SK Versicherung Aktiengesellschaft	Equity	1020 Vienna	6.9	25.0
Foreign insurance companies
UNIQA Assurances S.A.	Full	Switzerland, Geneva	9.5	100.0
UNIQA Re AG	Full	Switzerland, Zurich	85.9	100.0
UNIQA Assicurazioni S.p.A.	Full	Italy, Milan	125.6	100.0
UNIQA poistov¡na a.s.	Full	Slovakia, Bratislava	22.1	99.9
UNIQA pojišťovna, a.s.	Full	Czech Republic, Prague	30.3	100
UNIQA osiguranje d.d.	Full	Croatia, Zagreb	8.1	80.0
Friuli-Venezia Giulia Assicurazioni „La Carnica“ S.p.A.	Full	Italy, Udine	19.3	89.3
UNIQA Towarzystwo Ubezpieczen S.A.	Full	Poland, Lodz	69.6	69.9
UNIQA Towarzystwo Ubezpieczen na Zycie S.A.	Full	Poland, Lodz	5.6	69.7
UNIQA Biztosító Zrt.	Full	Hungary, Budapest	42.7	85.0
UNIQA Lebensversicherung AG	Full	Liechtenstein, Vaduz	4.8	100.0
UNIQA Versicherung AG	Full	Liechtenstein, Vaduz	3.2	100.0
Towarzystwo Ubezpieczen FILAR S.A.	Full	Poland, Stettin	26.1	96.2
Mannheimer AG Holding	Full	Germany, Mannheim	66.7	90.8
Mannheimer Versicherung AG	Full	Germany, Mannheim	49.1	100.0
mamax Lebensversicherung AG	Full	Germany, Mannheim	8.6	100.0
Mannheimer Versicherung AG	Full	Switzerland, Zurich	23.7	100.0
Mannheimer Krankenversicherung AG	Full	Germany, Mannheim	9.1	100.0
Claris Vita S.p.A.	Full	Italy, Milan	50.0	80.0
UNIQA Osiguranje d.d.	Full	Bosnia and Herzegovina, Sarajevo	5.2	99.8
ASTRA S.A.	Equity	Romania, Bucharest	34.2	27.0
Vitosha AD	Full	Bulgaria, Sofia	10.0	62.5
Vitosha Life AD	Full	Bulgaria, Sofia	4.5	99.7
Zepter osiguranje A.D.	Full	Serbia, Belgrade	5.4	80.0
Credo-Classic	Equity	Ukraine, Kiev	11.5	35.3
UNIQA LIFE	Full	Ukraine, Kiev	1.0	100.0
UNIQA neživotno osiguranje a.d.o.	Full	Montenegro, Podgorica	0.5	100.0
UNIQA životno osiguranje a.d. (formerly Zepter osiguranje a.d.)	Full	Serbia, Belgrade	5.9	100.0
UNIQA neživotno osiguranje a.d.	Full	Montenegro, Podgorica	2.3	100.0

Company	Type	Location	Equity in € million1)	Share in equity in %2)
Group domestic service companies
UNIQA Immobilien-Service GmbH	Full	1029 Vienna	0.3	100.0
Versicherungsmarkt-Servicegesellschaft m.b.H.	Full	1010 Vienna	0.2	100.0
Agenta Risiko- und Finanzierungsberatung Gesellschaft m.b.H.	Full	1010 Vienna	0.8	100.0
Raiffeisen Versicherungsmakler GmbH	Equity	6900 Bregenz	0.1	50.0
Versicherungsbüro Dr. Ignaz Fiala Gesellschaft m.b.H.	*2)	1010 Vienna		33.3
RSG – Risiko Service und Sachverständigen GmbH	*1)	1029 Vienna		100.0
Dr. E. Hackhofer EDV-Softwareberatung Gesellschaft m.b.H.	Full	1070 Vienna	1.0	51.0
UNIQA Software-Service GmbH	Full	1029 Vienna	0.6	100.0
SYNTEGRA Softwarevertrieb und Beratung GmbH	Full	3820 Raabs	0.4	100.0
UNIQA Finanz-Service GmbH	Full	1020 Vienna	0.3	100.0
UNIQA Alternative Investments GmbH	Full	1020 Vienna	2.1	100.0
UNIQA International Versicherungs-Holding GmbH	Full	1029 Vienna	115.9	100.0
UNIQA International Beteiligungs-Verwaltungs GmbH	Full	1029 Vienna	390.7	100.0
Alopex Organisation von Geschäftskontakten GmbH	*1)	1020 Vienna		100.0
RC Risk-Concept Versicherungsberatungs- & Versicherungsmaklergesellschaft m.b.H.	*1)	1010 Vienna		100.0
Allfinanz Versicherungs- und Finanzservice GmbH	Full	1010 Vienna	0.2	100.0
Direct Versicherungsvertriebs-GesmbH	*1)	1020 Vienna		100.0
Assistance Beteiligungs-GmbH	Full	1010 Vienna	0.2	52.0
Real Versicherungs-Makler GmbH	*1)	1220 Vienna		100.0
Together Internet Services GmbH	*2)	1030 Vienna		24.0
FL-Vertriebs- und Service GmbH	*1)	5020 Salzburg		100.0
UNIQA HealthService - Services im Gesundheitswesen GmbH	*1)	1029 Vienna		100.0
UNIQA Real Estate Beteiligungsverwaltung GmbH	Full	1029 Vienna	-0.2	100.0
Aviso Beta Veranlagungs GmbH	*2)	1010 Vienna		20.0
Privatklinik Grinzing GmbH	*1)	1190 Vienna		100.0
Wohnen mit Service Pflegedienstleistungs GmbH	*1)	1029 Vienna		100.0
Versicherungsagentur Wilhelm Steiner GmbH	*1)	1029 Vienna		51.0
CEE Hotel Development AG	*2)	1010 Vienna		50.0
CEE Hotel Management und Beteiligungs GmbH	*2)	1010 Vienna		50.0
RHU Beteiligungsverwaltung GmbH & Co OG	*2)	1010 Vienna		50.0
Group foreign service companies
Syntegra Szolgaltato es Tanacsado KFT	Full	Hungary, Budapest	0.3	60.0
Insdata spol s.r.o.	*1)	Slovakia, Nitra		100.0
Racio s.r.o.	*1)	Czech Republic, Prague		100.0
UNIQA partner, s.r.o	Full	Slovakia, Bratislava	0.0	100.0
UNIQA Pro	*1)	Czech Republic, Prague		100.0
UNIQA InsService s.r.o.	Full	Slovakia, Bratislava	0.2	100.0
UNIQA Penztarszolgaltato Kft	Full	Hungary, Budapest	5.4	100.0
Heller Saldo 2000 Penztarszolgaltato Kft	Full	Hungary, Budapest	0.6	83.6
Dekra Expert Muszaki Szakertöi Kft	Full	Hungary, Budapest	0.9	74.9
UNIQA Vagyonkezelö Zrt	Full	Hungary, Budapest	5.4	100.0
UNIQA Szolgaltato Kft	Full	Hungary, Budapest	7.6	100.0
Profit-Pro Kft.	*1)	Hungary, Budapest		100.0
RC Risk Concept Vaduz	*1)	Liechtenstein, Vaduz		100.0
Elsö Közszolgalati Penzügyi Tanacsado Kft	*1)	Hungary, Budapest		92.4
Millennium Oktatási és Tréning Kft	Full	Hungary, Budapest	0.1	100.0
verscon GmbH Versicherungs- und Finanzmakler	*1)	Germany, Mannheim		100.0
IMD Gesellschaft für Informatik und Datenverarbeitung GmbH	*1)	Germany, Mannheim		100.0
UMV Gesellschaft für Unterstützungskassen-Management und Vorsorge GmbH	*1)	Germany, Mannheim		100.0
Mannheimer Service und Vermögensverwaltungs GmbH	*1)	Germany, Mannheim		100.0
Carl C, Peiner GmbH	*1)	Germany, Hamburg		100.0
Wehring & Wolfes GmbH	*1)	Germany, Hamburg		100.0
Falk GmbH	*1)	Germany, Hamburg		100.0

Company	Type	Location	Equity in € million1)	Share in equity in %2)
Group foreign service companies
Hans L. Grauerholz GmbH	*1)	Germany, Hamburg		100.0
GSM Gesellschaft für Service Management mbH	*1)	Germany, Hamburg		100.0
FL Servicegesellschaft m.b.H.	*1)	Germany, Munich		100.0
Skola Hotelnictivi A Gastronom	*1)	Czech Republic, Prague		100.0
ITM Praha s.r.o.	*2)	Czech Republic, Prague		29.1
ML Sicherheitszentrale GmbH	*2)	Germany, Mannheim		30.0
Mannheimer ALLFINANZ Versicherungsvermittlung AG	*1)	Germany, Mannheim		100.0
dmuk Dt. Mittelstands-Unterstützungskasse GmbH	*1)	Germany, Mannheim		100.0
UFL UNIQA Finance Life Service GmbH	*1)	Germany, Mannheim		100.0
Financni poradci s.r.o.	*1)	Czech Republic, Prague		75.0
Claris Previdenza	*1)	Italy, Milan		100.0
UNIQA Software Service d.o.o.	*1)	Croatia, Zagreb		100.0
Vitosha Auto OOD	Full	Bulgaria, Sofia	0.0	100.0
Syntegra S.R.L.	*1)	Romania, Klausenburg		100.0
Agenta-Consulting Kft.	*1)	Hungary, Budapest		100.0
UNIQA Software Service-Polska Sp.z o.o	*1)	Poland, Lodz		100.0
AGENTA consulting s.r.o.	*1)	Czech Republic, Prague		100.0
AGENTA Consulting Sp z oo w organizacji	*1)	Poland, Lodz		100.0
UNIQA Software Service Bulgaria OOD	*1)	Bulgaria, Plovdiv		99.0
UNIQA Software Service Ukraine GmbH	*1)	Ukraine, Kiev		99.0
Financial and strategic domestic shareholdings
Medial Beteiligungs-Gesellschaft m.b.H.	Equity	1010 Vienna	11.2	29.6
Medicur-Holding Gesellschaft m.b.H.**)	Equity	1020 Vienna	-0.4	25.0
ÖVK Holding GmbH	Equity	1030 Vienna	4.8	25.0
PKB Privatkliniken Beteiligungs-GmbH**)	Equity	1010 Vienna	18.6	50.0
STRABAG SE**)	Equity	9500 Villach	2,790.3	12.5
Humanomed Krankenhaus Management Gesellschaft m.b.H.	Equity	1040 Vienna	0.4	44.0
Privatklinik Villach Gesellschaft m.b.H. & Co. KG	*2)	9020 Klagenfurt		34.9
ÖPAG Pensionskassen Aktiengesellschaft	Equity	1203 Vienna	27.5	40.1
call us Assistance International GmbH	Equity	1090 Vienna	0.5	61.0
EBV Leasing Gesellschaft m.b.H.	Equity	1061 Vienna	0.2	50.0
UNIQA Leasing GmbH	Full	1061 Vienna	0.2	100.0
UNIQA Human Resources-Service GmbH	Full	1020 Vienna	0.3	100.0
UNIQA Beteiligungs-Holding GmbH	Full	1029 Vienna	165.2	100.0
UNIQA Erwerb von Beteiligungen Gesellschaft m.b.H.	Full	1029 Vienna	10.9	100.0
Austria Hotels Betriebs-GmbH3)	Full	1010 Vienna	8.3	100.0
Wiener Kongresszentrum Hofburg Betriebsgesellschaft m.b.H.	*2)	1010 Vienna		24.5
JALPAK International (Austria) Ges.m.b.H.	*2)	1010 Vienna		25.0
Allrisk-SCS-Versicherungsdienst Gesellschaft m.b.H.	Equity	2334 Vösendorf-Süd	0.0	37.5

Company	Type	Location	Equity in € million1)	Share in equity in %2)
Real-estate companies
Fundus Praha s.r.o.	Full	Czech Republic, Prague	2.9	100.0
UNIQA Reality s.r.o.	Full	Czech Republic, Prague	1.3	100.0
UNIQA Real s.r.o.	Full	Slovakia, Bratislava	1.0	100.0
UNIQA Real II s.r.o.	Full	Slovakia, Bratislava	1.0	100.0
Steigengraben-Gut Gesellschaft m.b.H.	*1)	1020 Vienna		100.0
Raiffeisen evolution project development GmbH	Equity	1030 Vienna	111.1	20.0
DIANA-BAD Errichtungs- und Betriebs GmbH	Equity	1020 Vienna	1.0	33.0
UNIQA Real Estate AG	Full	1029 Vienna	149.0	100.0
“Hoher Markt 4” Besitzgesellschaft m.b.H.	Full	1020 Vienna	8.6	100.0
UNIQA Praterstraße Projekterrichtungs GmbH	Full	1029 Vienna	18.0	100.0
Aspernbrückengasse Errichtungs- und Betriebs GmbH	Full	1029 Vienna	5.8	99.0
UNIQA Plaza Irohadaz es Ingatlankezelö Kft	Full	Hungary, Budapest	0.0	100.0
MV Augustaanlage GmbH & Co. KG	Full	Germany, Mannheim	1.0	100.0
MV Augustaanlage Verwaltungs-GmbH	Full	Germany, Mannheim	0.0	100.0
AUSTRIA Hotels Liegenschaftsbesitz AG3)	Full	1010 Vienna	4.4	100.0
Passauerhof Betriebs-Ges.m.b.H.3)	Full	1010 Vienna	5.8	100.0
Austria Österreichische Hotelbetriebs s.r.o.3)	Full	Czech Republic, Prague	16.1	100.0
Grupo Borona Advisors, S.L. Ad	*1)	Spain, Madrid		74.6
MV Grundstücks GmbH & Co. Erste KG	Full	Germany, Mannheim	4.0	100.0
MV Grundstücks GmbH & Co. Zweite KG	Full	Germany, Mannheim	6.3	100.0
MV Grundstücks GmbH & Co. Dritte KG	Full	Germany, Mannheim	5.1	100.0
HKM Immobilien GmbH	*1)	Germany, Mannheim		100.0
CROSS POINT, a.s.	Full	Slovakia, Bratislava	4.9	100.0
Aniger s.r.o.	Full	Czech Republic, Prague	4.7	100.0
Floreasca Tower SRL	Full	Romania, Bucharest	0.7	100.0
Pretium Ingatlan Kft.	Full	Hungary, Budapest	5.1	100.0
UNIQA poslovnic centar Korzo d.o.o.	Full	Croatia, Rijeka	0.5	100.0
RK Invest Kft.	Full	Hungary, Budapest	8.6	100.0
Knesebeckstraße 8–9 Grundstücksgesellschaft mbH	Full	Germany, Berlin	0.1	100.0
UNIQA Real Estate Bulgaria EOOD	*1)	Bulgaria, Sofia		100.0
UNIQA Real Estate BH nekretnine, d.o.o	*1)	Bosnia and Herzegovina, Sarajevo	3.6	100.0
UNIQA Real Estate d.o.o	*1)	Serbia, Belgrade		100.0
Renaissance Plaza d.o.o.	*1)	Serbia, Belgrade		100.0
IPM International Property Management Kft	Full>	Hungary, Budapest	1.5	100.0
UNIQA Real Estate Polska Sp. z o.o.	Full	Poland, Warsaw	0.0	100.0
Black Sea Investment Capital	*1)	Ukraine, Kieve		100.0
LEGIWATON INVESTMENTS LIMITED	*1)	Cyprus, Limassol		100.0
UNIQA Real III, spol. s.r.o.	Full	Slovakia, Bratislava	4.6	100.0
UNIQA Real Estate d.o.o	Full	Slovenia, Laibach	0.0	100.0
UNIQA Real Estate BV	Full	Netherlands, Hoofddorp	15.1	100.0
UNIQA Real Estate Bulgaria Alpha EOOD	Full	Bulgaria, Sofia	0.0	100.0
UNIQA Real Estate P. Volfova	Full	Slowenien, Laibach	0.0	100.0
UNIQA Real Estate Ukraine	*1)	Ukraine, Kiev		100.0
Reytarske	*1)	Ukraine, Kiev		100.0
Austria Hotels Betriebs CZ	Full	Czech Republic, Prague	6.6	100.0
UNIQA Real Estate Alpha d.o.o	*1)	Serbia, Belgrade		100.0
UNIQA Real Estate Beta d.o.o	*1)	Serbia, Belgrade		100.0
*1) Unconsolidated company. *2) Associated not “at equity” valued company. 1) In the case of fully consolidated companies, the value of the stated equity equals the local annual accounts, while in the case of companies valued at equity, it equals the latest annual accounts published or, with companies marked with **), the latest Group accounts published. 2) The share in equity equals the share in voting rights before minorities, if any. 3) Consolidated on the basis of a non-calendar financial year (balance sheet date 30 September).

Approval for publication

These Group consolidated financial statements were compiled by the Management Board as of the date of signing and approved for publication.