Consolidated Income Statement
from 1 January to 31 December 2014


in € thousand

Notes

2014

20131)

1)

Prior-year amounts have been adjusted in accordance with IAS 8.42.

2)

Diluted earnings per share equates to basic earnings per share. Calculated based on consolidated profit.

 

Premiums written (gross)

31

5,519,700

5,157,576

1.

Premiums earned (net)

32

 

 

 

a) Gross

 

5,523,218

5,149,467

 

b) Reinsurers’ share

 

–210,322

–210,867

 

 

 

5,312,896

4,938,600

2.

Technical interest income

 

560,384

489,799

3.

Other insurance income

 

 

 

 

a) Gross

 

32,595

22,305

 

b) Reinsurers’ share

 

1,897

1,203

 

 

 

34,492

23,508

4.

Insurance benefits

33

 

 

 

a) Gross

 

–4,517,700

–4,078,083

 

b) Reinsurers’ share

 

134,038

118,635

 

 

 

–4,383,662

–3,959,448

5.

Operating expenses

34

 

 

 

a) Expenses for the acquisition of insurance

 

–938,593

–942,528

 

b) Other operating expenses

 

–362,782

–439,941

 

c) Reinsurance commission and share of profit from reinsurance ceded

 

26,044

28,302

 

 

 

–1,275,330

–1,354,167

6.

Other technical expenses

 

 

 

 

a) Gross

 

–71,304

–56,921

 

b) Reinsurers’ share

 

–25,994

–32,600

 

 

 

–97,298

–89,521

7.

Technical result

 

151,482

48,772

 

 

 

 

 

8.

Net investment income

35

864,375

780,002

 

of which profit from associates

 

23,583

22,229

9.

Other income

36

62,428

40,589

10.

Reclassification of technical interest income

 

–560,384

–489,799

11.

Other operating expenses

37

–70,334

–32,413

12.

Non-technical result

 

296,084

298,379

 

 

 

 

 

13.

Operating profit/(loss)

 

447,566

347,151

14.

Amortisation of goodwill and impairment losses

 

–32,292

–7,301

15.

Finance costs

 

–37,343

–32,281

16.

Profit/(loss) from ordinary activities

 

377,932

307,569

17.

Income taxes

38

–85,055

–69,711

18.

Profit/(loss) from discontinued operations (after tax)

 

0

50,000

19.

Profit for the year

 

292,877

287,858

 

of which attributable to shareholders of UNIQA Insurance Group AG

 

289,863

284,660

 

of which attributable to non-controlling interests

 

3,014

3,198

 

 

 

 

 

Earnings per share (in €)2)

16

0.94

1.21

Average number of shares in circulation

 

308,180,350

235,294,119

Profit/loss from discontinued operations in the previous year originates from the reversal of a provision for liability in connection with the sale of Mannheimer AG Holding and has been allocated entirely to the shareholders of the parent company.

© UNIQA Group 2015