The international premium volume of the UNIQA Group, including the savings portion of unit-linked and index-linked life insurance, increased drastically in 2010, following the drop in the year before and rose by a total of 20.8% to € 2,395 million (2009: € 1,983 million). This brought the international share of Group premiums up to 38.5% (2009: 34.6%).
Including the savings portion from the unit-linked and index-linked life insurance (after reinsurance), the premiums earned grew by 23.1% to € 2,215 million (2009: € 1,800 million). The retained premiums earned (according to IFRS) rose by 20.3% to € 2,041 million (2009: €1,697 million ).
The premium volume written including the savings portion of the unit-linked and index-linked life insurance was divided as follows among the various regions in the UNIQA Group:
|
UNIQA international markets |
Premiums written1) |
Share of Group premiums | ||||||
|
|
2010 |
2009 |
2008 |
2007 |
2006 |
2010 | ||
| ||||||||
|
Central Eastern Europe (CEE) |
1,005 |
912 |
1,115 |
735 |
595 |
16.2% | ||
|
Eastern Emerging Markets (EEM) |
289 |
241 |
164 |
81 |
45 |
4.6% | ||
|
Western European Markets (WEM) |
1,101 |
830 |
907 |
905 |
993 |
17.7% | ||
|
Total international |
2,395 |
1,983 |
2,186 |
1,721 |
1,633 |
38.5% | ||
Total insurance benefits in the international Group companies rose by 38.8% in 2010 to €1,709 million (2009: € 1,231 million). Consolidated operating expenses less reinsurance commissions and profit shares from reinsurance business ceded rose in the past financial year by 11.2% to € 572 million (2009: €514 million) . Before consolidation based on the geographic segments (cf. segment reports), the profit on ordinary activities generated by the companies in the three regions outside of Austria amounted to € –54 million (2009: € 22 million) in 2010. This decline can be attributed in particular to lower results by the companies in Italy, Bulgaria, Romania and Hungary.
