16 | Subscribed capital

	31 Dec. 2008	31 Dec. 2007
Number of authorised and issued no-par shares	131,673,000	119,777,808
of which fully paid up	131,673,000	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.

The share capital was increased in the financial year in partial use of this authorisation by €11,895,192,000 to €131,673,000,000 (2007: €119,777,808,000).

Furthermore, the Management Board made use of its authorisation to buy back shares in accordance with the resolution of the 9th Annual General Meeting of 19 May 2008 and resolved on 19 May 2008 that UNIQA would buy back its own shares. The Supervisory Board of the company confirmed the decision of the Management Board in its meeting on 19 May 2008. In this regard, the ongoing resale programme was ended. The programme for the repurchase of shares entered into effect on 22 May 2008. During the financial year, 469,650 of the company’s own shares were acquired through the stock exchange.

Capital requirement

The business development due to organic growth and acquisitions influences the capital requirement of the UNIQA Group. In the context of Group controlling, the appropriate coverage of the solvency requirement on a consolidated basis is constantly monitored.

As at 31 December 2008, adjusted equity amounted to €1,694,988,000 (2007: €1,329,697,000). In ascertaining the adjusted equity, non-tangible economic goods (especially goodwill) and participating interests in banks and insurance companies are deducted from the equity and various forms of hybrid capital (especially supplementary capital) and latent reserves in investments (especially in real estate) are added. With a statutory requirement for adjusted equity of €1,028,992,000 (2007: €973,847,000), the statutory requirements were exceeded by €666,006,000 (2007: €355,851,000), resulting in a coverage rate of 164.7% (2007: 136.6%). With the change to Section 81h paragraph 2 of the Insurance Supervision Act, the volatility reserve was added as part of the available capital as of the 3rd quarter of 2008. This increased the adjusted equity by €203,473,000.

The adjusted equity base is ascertained on the basis of consolidated financial statements produced in accordance with Section 80b of the Insurance Supervision Act.

	2008 € 000	2007 € 000
Adjusted equity without deduction acc. to Section 86h paragraph 5 of the Insurance Supervision Act	1,694,998	1,520,247
Adjusted equity with deduction acc. to Section 86h paragraph 5 of the Insurance Supervision Act	1,491,525	1,329,697

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

	31 Dec. 2008	31 Dec. 2007
Shares held by:
UNIQA Versicherungen AG
Acquisition costs in € 000	10,857	2,561
Number of shares	819,650	350,000
Share of subscribed capital in %	0.68	0.29

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

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. 2008 € 000
Effective tax	0
Deferred tax	48,346
Total	48,346

17 | Minority interests

	31 Dec. 2008 € 000	31 Dec. 2007 € 000
In revaluation reserve	–30,288	–14,796
In net income for the year	13,440	21,889
In other equity	210,956	188,749
Total	194,108	195,843

18 | Subordinated liabilities

	31 Dec. 2008 € 000	31 Dec. 2007 € 000
Supplementary capital	580,544	575,000

Partial debentures with a nominal value of €325 million for paid up supplementary capital were issued by Raiffeisen Versicherung AG in December 2002 and by UNIQA Versicherungen AG, UNIQA Personenversicherung AG and UNIQA Sachversicherung AG in July 2003 according to Section 73c paragraph 2 of the Austrian Insurance Supervision 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 five 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 73c paragraph 2 of the Austrian Insurance Supervision 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 five 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 73c 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 five 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%.

19 | Unearned premiums

	31 Dec. 2008 € 000	31 Dec. 2007 € 000
Property and casualty insurance
Gross	509,876	416,518
Reinsurers’ share	–28,705	–7,830
	481,171	408,688
Health insurance
Gross	13,685	13,467
Reinsurers’ share	–71	–72
	13,614	13,395
Consolidated financial statements
Gross	523,561	429,985
Reinsurers’ share	–28,776	–7,902
Total (fully consolidated values)	494,785	422,083

20 | Actuarial provision

	31 Dec. 2008 € 000	31 Dec. 2007 € 000
Property and casualty insurance
Gross	42,501	44,727
Reinsurers’ share	–218	–244
	42,283	44,482
Health insurance
Gross	2,227,395	2,100,697
Reinsurers’ share	–1,576	–1,708
	2,225,819	2,098,989
Life insurance
Gross	13,331,729	13,021,276
Reinsurers’ share	–429,593	–406,701
	12,902,136	12,614,575
Consolidated financial statements
Gross	15,601,625	15,166,700
Reinsurers’ share	–431,387	–408,653
Total (fully consolidated values)	15,170,238	14,758,046

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

For	Health insurance acc. to SFAS 60 %	Life insurance acc. to SFAS 120 %
2008
For actuarial provision	4.50 bzw. 5.50	1.75–4.00
For deferred acquisition costs	4.50 bzw. 5.50	4.70
2007
For actuarial provision	4.50 bzw. 5.50	1.75–4.00
For deferred acquisition costs	4.50 bzw. 5.50	4.70

21 | Provision for outstanding claims

	31 Dec. 2008 € 000	31 Dec. 2007 € 000
Property and casualty insurance
Gross	1,948,996	1,921,373
Reinsurers’ share	–282,293	–339,161
	1,666,703	1,582,211
Health insurance
Gross	157,017	152,385
Reinsurers’ share	–621	–702
	156,396	151,683
Life insurance
Gross	98,937	117,913
Reinsurers’ share	–12,038	–11,754
	86,899	106,159
Consolidated financial statements
Gross	2,204,950	2,191,671
Reinsurers’ share	–294,952	–351,617
Total (fully consolidated values)	1,909,998	1,840,054

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

	2008 € 000	2007 € 000
1. Provisions for outstanding claims as at 1 Jan.
a. Gross	1,921,373	1,770,640
b. Reinsurers’ share	–339,161	–312,033
c. Retention	1,582,211	1,458,607
2. Plus (retained) claims expenditures
a. Losses of the current year	1,519,780	1,285,246
b. Losses of the previous year	–130,572	–73,252
c. Total	1,389,208	1,211,994
3. Less (retained) losses paid
a. Losses of the current year	–801,099	–642,759
b. Losses of the previous year	–520,701	–453,194
c. Total	–1,321,800	–1,095,953
4. Foreign currency translation	–14,216	7,615
5. Change in consolidation scope	35,604	1,720
6. Other changes	–4,305	–1,771
7. Provisions for outstanding claims as at 31 Dec.
a. Gross	1,948,996	1,921,373
b. Reinsurers’ share	–282,293	–339,161
c. Retention	1,666,703	1,582,211

Claims payments	2003 € 000	2004 € 000	2005 € 000	2006 € 000	2007 € 000	2008 € 000	Total € 000
Financial year	543,803	553,145	599,941	649,881	707,965	786,435
1 year later	833,341	858,620	929,990	987,438	1,098,378
2 years later	897,309	934,490	1,009,898	1,078,898
3 years later	926,464	967,315	1,047,823
4 years later	943,778	986,079
5 years later	956,777
Accumulated payments	956,777	986,079	1,047,823	1,078,898	1,098,378	786,435
Estimated final claims payments	1,003,489	1,043,265	1,218,152	1,247,508	1,370,109	1,467,246
Current balance sheet reserve	46,713	57,186	170,329	168,610	271,731	680,811	1,395,380
Balance sheet reserve for the claims years 2002 and before							440,202
							1,835,582
Plus other reserve components (internal claims regulation costs, etc.)							113,414
Provisions for outstanding claims (gross) as at 31 Dec. 2008							1,948,996

22 | Provision for premium refunds

	31 Dec. 2008 € 000	31 Dec. 2007 € 000
Property and casualty insurance
Gross	33,568	33,271
Reinsurers’ share	–65	–365
	33,502	32,906
Health insurance
Gross	66,006	81,103
Reinsurers’ share	0	0
	66,006	81,103
Life insurance
Gross	–58,568	323,653
Reinsurers’ share	-259	–100
	–58,827	323,553
Consolidated financial statements
Gross	41,006	438,027
Reinsurers’ share	–325	–465
Total (fully consolidated values)	40,681	437,562
of which profit-unrelated (retention)	45,911	47,865
of which profit-related (retention)	–5,229	389,696

Gross	31 Dec. 2008 € 000	31 Dec. 2007 € 000
a) Provision for profit-unrelated premium refunds	46,135	48,231
of which property and casualty insurance	25,768	25,957
of which health insurance	19,477	22,199
of which life insurance	890	75
b) Provision for profit-related premium refunds     and/or policyholder profit participation	211,545	271,588
of which property and casualty insurance	7,800	7,315
of which health insurance	46,529	58,904
of which life insurance	157,216	205,370
Deferred profit participation	–216,675	118,208
Total (fully consolidated values)	41,006	438,027

Gross	2008 € 000	2007 € 000
a) Provision for profit-unrelated premium refunds,      profit-related premium refunds and policyholder      profit participation
As at 1 Jan.	319,819	387,165
Changes for:
other changes	–62,139	–67,346
As at 31 Dec.	257,680	319,819
b) Deferred profit participation
As at 1 Jan.	118,208	413,510
Changes for:
fluctuation in value, securities available for sale	22,961	–348,570
revaluations affecting income	–357,844	53,268
As at 31 Dec.	–216,675	118,208

The latent profit sharing was changed to an asset item in financial year 2008. On the basis of the business model used in life insurance and the management rules applied in the Group, this asset item will be reduced against the technical liabilities over the term of the policy. The appropriateness of the entire technical liability will also be regularly checked under a discounted cashflow model (“liability adequacy test”).

23 | Actuarial provisions

Gross	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	Group total € 000
Property and casualty insurance
As at 31 Dec. 2007	416,518	44,727	1,921,373	25,957	7,315	19,974	2,435,863
Exchange rate differences	–13,647	–274	–16,306	106	–1	–3	–30,126
Changes in consolidation scope	68,006		43,438			1,185	112,629
Portfolio changes	–26		–4,305			–214	–4,544
Additions		1,644		1,280	712	9,109	12,745
Disposals		–3,595		–1,575	–226	–5,557	–10,953
Premiums written	1,772,493						1,772,493
Premiums earned	–1,733,468						–1,733,468
Claims in reporting year			1,600,635				1,600,635
Claims payments in reporting year			–835,614				–835,614
Change in claims from previous years			–154,070				–154,070
Claims payments in previous years			–606,157				–606,157
As at 31 Dec. 2008	509,876	42,501	1,948,996	25,768	7,800	24,494	2,559,435
Health insurance
As at 31 Dec. 2007	13,467	2,100,697	152,385	22,199	58,904	694	2,348,345
Exchange rate differences	–42	15	–88	–4		–1	–120
Changes in consolidation scope	566		191				757
Portfolio changes	–4		–27			–4	–35
Additions		150,664		4,482	2,625	10	157,781
Disposals		–23,980		–7,199	–15,000	–134	–46,314
Premiums written	793,842						793,842
Premiums earned	–794,145						–794,145
Claims in reporting year			649,538				649,538
Claims payments in reporting year			–514,418				–514,418
Change in claims from previous years			8,065				8,065
Claims payments in previous years			–138,628				–138,628
As at 31 Dec. 2008	13,685	2,227,395	157,017	19,477	46,529	564	2,464,667
Life insurance
As at 31 Dec. 2007	0	13,021,276	117,913	75	323,578	17,824	13,480,666
Exchange rate differences		5,732	–78	–4	–464	52	5,238
Changes in consolidation scope							0
Portfolio changes		–49,045	4	286	1	3,265	–45,488
Additions		446,684		532	123,059	3,477	573,752
Disposals		–92,919			–505,632	–225	–598,776
Claims in reporting year			1,455,107				1,455,107
Claims payments in reporting year			–1,389,595				–1,389,595
Change in claims from previous years			34,881				34,881
Claims payments in previous years			–119,294				–119,294
As at 31 Dec. 2008	0	13,331,729	98,937	890	–59,458	24,393	13,396,492
Group total
As at 31 Dec. 2007	429,985	15,166,700	2,191,670	48,231	389,797	38,491	18,264,873
Exchange rate differences	–13,689	5,473	–16,472	98	–465	48	–25,008
Changes in consolidation scope	68,571		43,630			1,185	113,386
Portfolio changes	–29	–49,045	–4,327	286	1	3,047	–50,067
Additions		598,992		6,295	126,396	12,596	744,279
Disposals		–120,494		–8,774	–520,858	–5,916	–656,042
Premiums written	2,566,335						2,566,335
Premiums earned	–2,527,612						–2,527,612
Claims in reporting year			3,705,280				3,705,280
Claims payments in reporting year			–2,739,627				–2,739,627
Change in claims from previous years			–111,125				–111,125
Claims payments in previous years			–864,079				–864,079
As at 31 Dec. 2008	523,561	15,601,625	2,204,950	46,135	–5,129	49,451	18,420,594

Reinsurers’ share	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	Group total € 000
Property and casualty insurance
As at 31 Dec. 2007	7,830	244	339,161	365	0	3,209	350,810
Exchange rate differences	–58	–12	–2,089			–75	–2,234
Changes in consolidation scope	19,288		7,834			521	27,644
Portfolio changes			–3,462				–3,462
Additions						2,091	2,091
Disposals		–14		–300		–78	–393
Premiums written	105,089						105,089
Premiums earned	–103,445						–103,445
Claims in reporting year			84,317				84,317
Claims payments in reporting year			–34,515				–34,515
Change in claims from previous years			–23,498				–23,498
Claims payments in previous years			–85,456				–85,456
As at 31 Dec. 2008	28,705	218	282,293	65	0	5,668	316,949
Health insurance
As at 31 Dec. 2007	72	1,708	702	0	0	0	2,482
Exchange rate differences			–5				–5
Changes in consolidation scope	1						1
Portfolio changes							0
Additions							0
Disposals		–132					–132
Premiums written	557						557
Premiums earned	–559						–559
Claims in reporting year			187				187
Claims payments in reporting year			–203				–203
Change in claims from previous years			–6				–6
Claims payments in previous years			–54				–54
As at 31 Dec. 2008	71	1,576	621	0	0	0	2,268
Life insurance
As at 31 Dec. 2007	0	406,701	11,754	0	100	–180	418,374
Exchange rate differences		10	–5				5
Changes in consolidation scope							0
Portfolio changes		4,329	–1,274				3,055
Additions		18,918		159		42	19,119
Disposals		–364					–364
Claims in reporting year			19,407				19,407
Claims payments in reporting year			–12,394				–12,394
Change in claims from previous years			–1,056				–1,056
Claims payments in previous years			–4,393				–4,393
As at 31 Dec. 2008	0	429,593	12,038	159	100	–139	441,752
Group total
As at 31 Dec. 2007	7,902	408,653	351,616	365	100	3,029	771,666
Exchange rate differences	–58	–2	–2,099			–75	–2,234
Changes in consolidation scope	19,290		7,834			521	27,645
Portfolio changes		4,329	–4,736				–407
Additions		18,918		159		2,132	21,209
Disposals		–511		–300		–78	–889
Premiums written	105,646						105,646
Premiums earned	–104,004						–104,004
Claims in reporting year			103,911				103,911
Claims payments in reporting year			–47,111				–47,111
Change in claims from previous years			–24,559				–24,559
Claims payments in previous years			–89,904				–89,904
As at 31 Dec. 2008	28,776	431,387	294,952	225	100	5,529	760,969

Retention	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	Group total € 000
Property and casualty insurance
As at 31 Dec. 2007	408,688	44,482	1,582,211	25,591	7,315	16,765	2,085,053
Exchange rate differences	–13,589	–262	–14,216	106	–1	72	–27,891
Changes in consolidation scope	48,717		35,604			664	84,985
Portfolio changes	–26		–843			–214	–1,083
Additions		1,644		1,280	712	7,018	10,655
Disposals		–3,581		–1,275	–226	–5,478	–10,560
Premiums written	1,667,403						1,667,403
Premiums earned	–1,630,023						–1,630,023
Claims in reporting year			1,516,318				1,516,318
Claims payments in reporting year			–801,099				–801,099
Change in claims from previous years			–130,572				–130,572
Claims payments in previous years			–520,701				–520,701
As at 31 Dec. 2008	481,172	42,283	1,666,703	25,702	7,800	18,826	2,242,486
Health insurance
As at 31 Dec. 2007	13,395	2,098,989	151,683	22,199	58,904	694	2,345,863
Exchange rate differences	–42	15	–83	–4		–1	–115
Changes in consolidation scope	564		191				756
Portfolio changes	–4		–27			–4	–35
Additions		150,664		4,482	2,625	10	157,781
Disposals		–23,849		–7,199	–15,000	–134	–46,182
Premiums written	793,286						793,286
Premiums earned	–793,586						–793,586
Claims in reporting year			649,351				649,351
Claims payments in reporting year			–514,216				–514,216
Change in claims from previous years			8,070				8,070
Claims payments in previous years			–138,574				–138,574
As at 31 Dec. 2008	13,614	2,225,819	156,396	19,477	46,529	564	2,462,399
Life insurance
As at 31 Dec. 2007	0	12,614,575	106,159	75	323,478	18,004	13,062,292
Exchange rate differences		5,722	–73	–4	–464	52	5,233
Changes in consolidation scope							0
Portfolio changes		–53,374	1,278	286	1	3,265	–48,543
Additions		427,766		373	123,059	3,436	554,634
Disposals		–92,554			–505,632	–225	–598,411
Claims in reporting year			1,435,700				1,435,700
Claims payments in reporting year			–1,377,202				–1,377,202
Change in claims from previous years			35,937				35,937
Claims payments in previous years			–114,900				–114,900
As at 31 Dec. 2008	0	12,902,136	86,899	731	–59,558	24,532	12,954,740
Group total
As at 31 Dec. 2007	422,083	14,758,046	1,840,054	47,866	389,697	35,462	17,493,208
Exchange rate differences	–13,631	5,475	–14,373	98	–465	123	–22,773
Changes in consolidation scope	49,282		35,796			664	85,741
Portfolio changes	–29	–53,374	408	286	1	3,047	–49,660
Additions		580,075		6,135	126,396	10,464	723,069
Disposals		–119,984		–8,474	–520,858	–5,838	–655,153
Premiums written	2,460,689						2,460,689
Premiums earned	–2,423,609						–2,423,609
Claims in reporting year			3,601,369				3,601,369
Claims payments in reporting year			–2,692,516				–2,692,516
Change in claims from previous years			–86,565				–86,565
Claims payments in previous years			–774,175				–774,175
As at 31 Dec. 2008	494,784	15,170,238	1,909,998	45,911	–5,229	43,923	17,659,624

24 | Technical provisions held on account and at risk of life insurance policyholders

	31 Dec. 2008 € 000	31 Dec. 2007 € 000
Gross	2,579,997	2,412,937
Reinsurers’ share	–382,480	–346,868
Total	2,197,518	2,066,069

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

25 | Liabilities from loans

	31 Dec. 2008 € 000	31 Dec. 2007 € 000
Liabilities under issued debenture bonds
UNIQA Versicherungen AG, Vienna
4.00%, €150 million, bond 2004/2009	150,000	150,000
Loan liabilities	39,053	35,900
up to 1 year	27	88
more than 1 year up to 5 years	10,483	6,969
more than 5 years	28,543	28,842
Total	189,053	185,900

26 | Provisions for pensions and similar commitments

	31 Dec. 2008 € 000	31 Dec. 2007 € 000
Provisions for pensions	316,784	383,543
Provision for severance payments	119,693	125,998
Total	436,478	509,541

	2008 € 000	2007 € 000
As at 1 Jan.	509,541	542,418
Changes from foreign currency translation	–246	15
Withdrawal for pension payments	–60,867	–29,705
Expenditure in the financial year	–11,950	–3,187
As at 31 Dec.	436,478	509,541

Active special policyholders with direct assurances to pension benefits, including members of the Management Board and leading executives in accordance with Section 80 paragraph 1 of the Stock Corporation Act, as well as active employees with direct assurances to pension benefits according to the “trade association recommendation for in-house and field sales staff” who approved the offer to transfer existing vested pension rights to ÖPAG Pensionskassen AG on the basis of concluded works agreements, are included in a contribution-based pension fund. The corresponding transfer amounts (the assurance cover) were paid to the ÖPAG Pensionskassen AG in 2008 in accordance with Section 48 of the Pension Fund Act. For the purpose of guaranteeing the level of the pension fund pension according to the previous direct assurances to pension benefits, those entitled to vested rights have a claim to payment of a (one-time) final pension fund contribution at the time of pension eligibility. No contributions are made for the benefit phase.

Calculation factors applied
2008
Technical rate of interest	6.00%
Valorisation of wages and salaries	3.00 %
Valorisation of pensions	2.00 %
Employee turnover rate	dependent on years of service
Accounting principles	AVÖ 2008 P – Pagler & Pagler / employees
2007
Technical rate of interest	5.00%
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 / employees

Specification of pension expenditures for pensions and similar commitments included in the income statement	31 Dec. 2008 € 000	31 Dec. 2007 € 000
Current service cost	14,371	16,929
Interest cost	25,447	24,434
Actuarial profit and loss	–51,738	–44,737
Income and expenditures from budget changes	–29	188
Total	–11,950	–3,187

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

	31 Dec. 2008 € 000	31 Dec. 2007 € 000
Contributions to company pension funds	1,318	1,134

27 | Other provisions

	Balance sheet figures previous year € 000	Currency translation changes € 000	Change in consolidation scope € 000	Utilisation € 000	Reversals € 000	Reclassifications € 000	Additions € 000	Balance sheet figures financial year € 000
Provisions for unconsumed holidays	35,242	2	–66	–1,583	–73	0	3,458	36,980
Provisions for anniversary payments	14,959	0	0	–23	–596	0	429	14,769
	50,201	2	–66	–1,606	–669	0	3,886	51,748
Other personnel provisions	16,209	32	31	–4,428	–7,234	0	10,925	15,534
Provisions for customer relations and marketing	31,365	–104	0	–27,767	–2,172	0	30,783	32,106
Provision for variable components of remuneration	16,193	15	–231	–14,726	–1,260	0	16,081	16,073
Provision for legal and consulting expenses	4,998	6	1	–3,723	–350	0	3,400	4,332
Provision for premium adjustment from reinsurance contracts	10,675	235	0	–8,923	182	0	14,829	16,998
Provision for portfolio maintenance commission	2,535	–5	0	–2,015	–381	0	3,690	3,824
Other provisions	62,096	–225	–75	–33,287	–16,674	0	55,470	67,304
	144,071	–46	–274	–94,869	–27,889	0	135,177	156,171
Total	194,272	–44	–340	–96,475	–28,558	0	139,063	207,919

28 | Payables and other liabilities

	31 Dec. 2008 € 000	31 Dec. 2007 € 000
I. Reinsurance liabilities
1. Deposits held under reinsurance business ceded	817,323	761,805
2. Accounts payable under reinsurance operations	51,934	34,975
	869,258	796,780
II. Other liabilities
Liabilities under insurance business
Liabilities under direct insurance business
to policyholders	128,245	139,318
to intermediaries	93,026	123,603
to insurance companies	8,515	8,791
	229,786	271,712
Liabilities to credit institutions	4,071	3,582
Other liabilities	333,272	445,484
of which for taxes	48,821	46,379
of which for social security	10,370	10,381
of which from fund consolidation	142,560	260,874
Total other liabilities	567,129	720,778
Subtotal	1,436,387	1,517,558
of which liabilities with a remaining term of
up to 1 year	766,578	885,731
more than 1 year up to 5 years	6,997	9,053
more than 5 years	662,812	622,774
	1,436,387	1,517,558
III. Other liabilities
Deferred income	11,122	9,483
Total payables and other liabilities	1,447,509	1,527,041

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

29 | Liabilities from income tax

	31 Dec. 2008 € 000	31 Dec. 2007 € 000
Liabilities from income tax
of which liabilities with a remaining term of	57,294	41,618
up to 1 year	2,423	3,853
more than 1 year up to 5 years	54,871	37,281
more than 5 years	0	483

30 | Deferred tax liabilities

Cause of origin	31 Dec. 2008 € 000	31 Dec. 2007 € 000
Actuarial items	172,747	142,052
Untaxed reserves	25,895	27,385
Shares in affiliated companies	28,425	28,425
Investments	2,702	120,952
Other	15,072	14,101
Total	244,841	332,916
of which not affecting income	6,891	55,238