|
|
31.12.2012 |
31.12.2011 |
|
Number of authorised and issued no-par shares |
214,247,900 |
142,985,217 |
|
of which fully paid up |
214,247,900 |
142,985,217 |
The subscribed capital and capital reserves correspond to values from the individual financial statements of UNIQA Versicherungen AG.
According to a resolution made by the Annual General Meeting on 31 May 2010, the Management Board is authorised, with the approval of the Supervisory Board, to increase the share capital by a total of up to € 71,492,608 through the issue of up to 71,492,608 bearer or registered shares with voting rights in return for cash contributions or contributions in kind on one or more occasions up to and including 30 June 2015.
Partial use was made of this authorisation during the financial year, whereby the share capital was increased to € 190,604,265 by means of a cash capital increase of € 47,619,048. The subscription price was € 10.50 per share. The cost of the capital increase, less tax effects, amounting to € 7,244 thousand was deducted directly from the capital reserves.
In order to create a streamlined Group structure that is conducive to stock exchange activities in preparation for the planned re-IPO, Austria Versicherungsverein auf Gegenseitigkeit Privatstiftung (Austria Privatstiftung) and Collegialität contributed their shareholdings in UNIQA Personenversicherung AG to UNIQA Versicherungen AG, which is listed on the stock exchange, as part of a non-cash capital increase in September 2012. These companies received 23,643,635 new shares with voting rights in return.
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 2012, the adjusted equity amounted to € 2,433,546 thousand (2011: € 1,404,065 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 € 1,132,671 thousand (2011: € 1,145,813 thousand), the statutory requirements were exceeded by € 1,300,875 thousand (2011: € 258,252 thousand), resulting in a coverage rate of 214.9 per cent (2011: 122.5 per cent). 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 € 142,564 thousand (2011: € 277,882 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 |
31.12.2012 |
31.12.2011 |
|
Adjusted equity without deduction acc. to Section 86h paragraph 5 of the Insurance Supervision Act |
2,433,546 |
1,404,065 |
|
Adjusted equity with deduction acc. to Section 86h paragraph 5 of the Insurance Supervision Act |
2,290,981 |
1,126,184 |
At the reporting date, own shares are accounted for as follows:
|
|
31.12.2012 |
31.12.2011 |
|
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 |
0.38 |
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 |
2012 |
2011 | ||||
| ||||||
|
Consolidated profit in € thousand |
130,225 |
–245,614 | ||||
|
of which accounts for ordinary shares in € thousand |
130,225 |
–245,614 | ||||
|
Own shares as at 31 December |
819,650 |
819,650 | ||||
|
Average number of shares in circulation |
169,599,813 |
142,165,567 | ||||
|
Earnings per share (in €)1) |
0.77 |
–1.73 | ||||
|
Dividend per share2) |
0.25 |
0.00 | ||||
|
Dividend payment in € thousand2) |
53,357 |
0 | ||||
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 |
31.12.2012 |
|
Figures in € thousand |
|
|
Effective tax |
0 |
|
Deferred tax |
–132,671 |
|
Total |
–132,671 |
