|
|
31 Dec. 2011 |
31 Dec. 2010 |
|
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 profit and loss from pension and severance payment provisions was posted as “actuarial profit and loss from performance-based pension commitments” after deducting deferred policyholder profit participation and deferred taxes.
On 21 September 2010 the Management Board made use of its authorisation in accordance with the decision of the 11th Annual General Meeting on 31 May 2010 and decided on a share repurchase programme. The Supervisory Board of the company confirmed the decision of the Management Board in its meeting on 21 September 2010. According to which the Management Board is authorised to purchase up to 14,298,521 notional no-par shares made out to the bearer. The programme for repurchasing shares entered into effect on 19 November 2010. During the financial year, none 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 2011, the adjusted equity amounted to € 1,404,065 (2010: € 1,644,202 thousand). In ascertaining the adjusted equity, non-tangible economic goods (especially goodwill) and shares 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 € 1,145,813 thousand (2010: € 1,117,254 thousand), the statutory requirements were exceeded by € 258,252 thousand (2010: € 526,948 thousand), resulting in a coverage rate of 122.5 % (2010: 147.2 %). 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 3rd quarter of 2008. This increased the adjusted equity by € 277,882 thousand (2010: € 221,895 thousand).
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).
|
Figures in € thousand |
31 Dec. 2011 |
31 Dec. 2010 |
|
Adjusted equity without deduction acc. to Section 86h paragraph 5 of the Insurance Supervision Act |
1,404,065 |
1,644,202 |
|
Adjusted equity with deduction acc. to Section 86h paragraph 5 of the Insurance Supervision Act |
1,126,184 |
1,422,307 |
At the reporting date, own shares are accounted for as follows:
|
|
31 Dec. 2011 |
31 Dec. 2010 |
|
Shares held by: |
|
|
|
UNIQA Versicherungen AG |
|
|
|
Acquisition costs in € thousand |
10,857 |
10,857 |
|
Number of shares |
819,650 |
819,650 |
|
Share of subscribed capital in per cent |
0.57 |
0.57 |
In the figure for “earnings per share”, the consolidated profit is set against the average number of ordinary shares in circulation.
|
Earnings per share |
2011 |
2010 | ||||
| ||||||
|
Consolidated profit Figures in € thousand |
–245,614 |
42,266 | ||||
|
of which accounts for ordinary shares Figures in € thousand |
–245,614 |
42,266 | ||||
|
Own shares as at 31 Dec. |
819,650 |
819,650 | ||||
|
Average number of shares in circulation |
142,165,567 |
142,165,567 | ||||
|
Earnings per share (in €)1) |
–1.73 |
0.30 | ||||
|
Earnings before taxes per share (in €)1) |
–2.30 |
0.66 | ||||
|
Earnings per share1), adjusted for goodwill amortisation (in €) |
–1.56 |
0.40 | ||||
|
Profit from ordinary activities per share, adjusted for goodwill amortisation (in €) |
–2.12 |
1.10 | ||||
|
Dividend per share2) |
0.00 |
0.40 | ||||
|
Dividend payment Figures in € thousand2) |
0 |
56,866 | ||||
The diluted earnings per share are equal to the undiluted earnings per share in the financial year and in the previous year.
|
Change in the tax amounts included in the equity without affecting income |
31 Dec. 2011 |
|
Figures in € thousand |
|
|
Effective tax |
0 |
|
Deferred tax |
31,965 |
|
Total |
31,965 |
