|
|
31 Dec. 2010 |
31 Dec. 2009 |
|
Number of authorised and issued no-par shares |
142,985,217 |
142,985,217 |
|
of which fully paid up |
142,985,217 |
142,985,217 |
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.
Actuarial gains and losses from pension and severance payment provisions were posted as “actuarial gains and losses from defined benefit pensions plans” after deducting deferred policyholder profit participation and deferred taxes.
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 previous financial year in partial use of this authorisation by € 11,312,217 to € 142,985,217.
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 2010 and the previous year no 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 2010, the adjusted equity amounted to € 1,665,788,000 (2009: € 1,600,580,000). 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 supplemental capital) and latent reserves in investments (especially in real estate) are added. With a statutory requirement for adjusted equity of € 1,117,246,000 (2009: € 1,058,638,000), the statutory requirements were exceeded by € 548,542,000 (2009: € 541,942,000), resulting in a coverage rate of 149.1% (2009: 151.2%). With the change to Section 81h Paragraph 2 of the Insurance Supervisory Act, the volatility reserve was added as part of the available capital as of the third quarter of 2008. This increased the adjusted equity by € 221,895,000 (2009: € 218,668,000).
The adjusted equity base is ascertained on the basis of the available consolidated financial statements (produced in accordance with Section 80b of the Insurance Supervisory Act).
|
|
31 Dec. 2010 |
31 Dec. 2009 |
|
Adjusted equity without deduction acc. to Section 86h paragraph 5 of the Insurance Supervision Act |
1,665,788 |
1,600,580 |
|
Adjusted equity with deduction acc. to Section 86h paragraph 5 of the Insurance Supervision Act |
1,443,894 |
1,381,912 |
At the reporting date, own shares are accounted for as follows:
|
|
31 Dec. 2010 |
31 Dec. 2009 |
|
Shares held by: |
|
|
|
UNIQA Versicherungen AG |
|
|
|
Acquisition costs in € 000 |
10,857 |
10,857 |
|
Number of shares |
819,650 |
819,650 |
|
Share of subscribed capital in % |
0.57 |
0.57 |
In the performance figure “earnings per share”, the consolidated profit is set against the average number of ordinary shares in circulation.
|
Earnings per share |
2010 |
2009 | ||||
| ||||||
|
Consolidated profit (in € 000) |
46,434 |
25,672 | ||||
|
of which accounts for ordinary shares (in € 000) |
46,434 |
25,672 | ||||
|
Own shares as at 31st. Dec. |
819,650 |
819,650 | ||||
|
Average number of shares in circulation |
142,165,567 |
131,723,521 | ||||
|
Earnings per share (in €)1) |
0.33 |
0.19 | ||||
|
Earnings before taxes per share (in €)1) |
0.69 |
0.53 | ||||
|
Earnings per share1), adjusted for goodwill amortisation (in €) |
0.43 |
0.34 | ||||
|
Profit from ordinary activities per share, adjusted for goodwill amortisation (in €) |
1.13 |
0.90 | ||||
|
Dividend per share2) |
0.40 |
0.40 | ||||
|
Dividend payment (€ 000)2) |
56,866 |
56,866 | ||||
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. 2010 |
|
Effective tax |
0 |
|
Deferred tax |
26,205 |
|
Total |
26,205 |
