21. Provision for outstanding claims


Figures in € thousand

31 Dec. 2011

31 Dec. 2010

Property and casualty

 

 

Gross

2,157,714

2,095,287

Reinsurers’ share

–193,749

–223,336

 

1,963,965

1,871,952

Health

 

 

Gross

177,169

172,834

Reinsurers’ share

–30

–555

 

177,139

172,279

Life

 

 

Gross

121,645

124,393

Reinsurers’ share

–13,493

–16,084

 

108,152

108,309

In the consolidated financial statements

 

 

Gross

2,456,528

2,392,514

Reinsurers’ share

–207,271

–239,975

Total (fully consolidated values)

2,249,257

2,152,539

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

Figures in € thousand

2011

2010

1.

Provisions for outstanding claims as at 1 Jan.

 

 

 

a)

Gross

2,095,287

2,028,238

 

b)

Reinsurers’ share

–223,336

–281,334

 

c)

Retention

1,871,952

1,746,904

2.

Plus (retained) claims expenditures

 

 

 

a)

Losses of the current year

1,703,383

1,760,000

 

b)

Losses of the previous year

–57,977

–60,022

 

c)

Total

1,645,405

1,699,977

3.

Less (retained) losses paid

 

 

 

a)

Losses of the current year

–883,040

–946,201

 

b)

Losses of the previous year

–649,498

–620,472

 

c)

Total

–1,532,538

–1,566,673

4.

Foreign currency translation

–22,930

–8,920

5.

Change in consolidation scope

0

0

6.

Other changes

2,077

664

7.

Provisions for outstanding claims as at 31 Dec.

 

 

 

a)

Gross

2,157,714

2,095,287

 

b)

Reinsurers’ share

–193,749

–223,336

 

c)

Retention

1,963,965

1,871,952

Claims payments

2006

2007

2008

2009

2010

2011

Total

Figures in € thousand

 

 

 

 

 

 

 

Financial year

650,567

709,038

788,545

847,918

878,224

845,112

 

1 year later

989,360

1,099,037

1,201,570

1,287,309

1,311,879

 

 

2 years later

1,080,882

1,192,934

1,301,383

1,397,156

 

 

 

3 years later

1,122,027

1,239,116

1,350,531

 

 

 

 

4 years later

1,147,738

1,275,262

 

 

 

 

 

5 years later

1,161,511

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated payments

1,161,511

1,275,262

1,350,531

1,397,156

1,311,879

845,112

 

 

 

 

 

 

 

 

 

Estimated final claims payments

1,235,978

1,369,063

1,474,621

1,592,720

1,607,330

1,580,721

 

Current balance sheet reserve

74,467

93,800

124,090

195,565

295,451

735,609

1,518,981

 

 

 

 

 

 

 

 

Balance sheet reserve for the claims years 2005 and before

 

 

 

 

 

 

450,445

 

 

 

 

 

 

 

1,969,427

Plus other reserve components (internal claims regulation costs, etc.)

 

 

 

 

 

188,287

Provisions for outstanding claims (gross) as at 31 Dec. 2011

 

 

 

 

 

 

2,157,714

© 2012 BY UNIQA GROUP AUSTRIA