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