UNIQA Group Report 2014 - 21. Provision for unsettled claims

in € thousand	31/12/2014	31/12/2013
Property and casualty insurance
Gross	2,240,465	2,054,700
Reinsurers’ share	–137,605	–112,623
	2,102,860	1,942,077
Health insurance
Gross	165,204	169,787
Reinsurers’ share	–25	–32
	165,179	169,756
Life insurance
Gross	179,174	143,395
Reinsurers’ share	–13,590	–10,965
	165,584	132,429
In the consolidated financial statements
Gross	2,584,844	2,367,882
Reinsurers’ share	–151,220	–123,620
Total (amount consolidated)	2,433,623	2,244,262

in € thousand		2014	2013
1.	Claim provision as at 1/1
	a) Gross	2,054,700	2,056,950
	b) Reinsurers’ share	–112,623	–148,311
	c) Net	1,942,077	1,908,640
2.	Plus (net) claim expenditure
	a) Current year claims	1,584,660	1,547,165
	b) Prior-year claims	–1,077	–104,311
	c) Total	1,583,583	1,442,854
3.	Less (net) claims paid
	a) Current year claims	–748,529	–758,952
	b) Prior-year claims	–691,517	–640,675
	c) Total	–1,440,046	–1,399,627
4.	Currency translation	–13,638	–10,036
5.	Change in basis of consolidation	32,736	0
6.	Other changes	–1,851	246
7.	Claim provision as at 31/12
	a) Gross	2,240,465	2,054,700
	b) Reinsurers’ share	–137,605	–112,623
	c) Net	2,102,860	1,942,077

Enlarge table

Claim payments	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	Total
in € thousand
Reporting year	506,496	541,992	602,454	640,900	733,524	800,899	812,528	767,970	833,321	863,097	818,529
1 year later	780,215	837,533	911,628	989,944	1,107,920	1,203,704	1,203,796	1,150,350	1,234,282	1,280,246
2 years later	850,270	910,475	994,915	1,075,422	1,201,811	1,307,286	1,301,263	1,264,883	1,357,738
3 years later	881,472	940,400	1,033,923	1,118,974	1,248,251	1,369,236	1,351,569	1,316,791
4 years later	900,848	960,224	1,059,268	1,153,137	1,276,853	1,397,631	1,378,128
5 years later	913,592	977,093	1,073,369	1,172,272	1,298,363	1,416,009
6 years later	924,652	987,368	1,086,018	1,187,312	1,312,041
7 years later	930,303	998,753	1,096,696	1,198,564
8 years later	935,653	1,006,642	1,103,398
9 years later	942,387	1,012,799
10 years later	946,791

Claim payments and provisions	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014
in € thousand
Reporting year	989,932	1,064,483	1,166,028	1,262,285	1,368,208	1,496,034	1,476,426	1,442,967	1,552,546	1,616,122	1,650,376
1 year later	999,530	1,064,413	1,169,667	1,238,345	1,359,204	1,494,769	1,481,053	1,447,808	1,556,176	1,605,972
2 years later	997,010	1,066,230	1,155,653	1,242,653	1,374,094	1,502,903	1,487,140	1,454,252	1,570,091
3 years later	997,180	1,045,615	1,158,182	1,244,311	1,378,045	1,499,063	1,477,384	1,457,201
4 years later	997,125	1,044,507	1,155,169	1,254,712	1,376,275	1,495,039	1,482,301
5 years later	983,521	1,047,170	1,155,577	1,262,541	1,374,344	1,498,206
6 years later	982,851	1,050,113	1,150,713	1,264,911	1,382,112
7 years later	982,121	1,049,680	1,150,517	1,268,575
8 years later	982,638	1,050,616	1,153,108
9 years later	978,483	1,049,903
10 years later	981,729

Settlement gains/losses	–3,246	713	–2,591	–3,663	–7,767	–3,166	–4,917	–2,948	–13,915	10,150	–31,351
Settlement gains/losses before 2004											–11,371
Total settlement gains/losses											–42,722

Statement of financial position provision	34,937	37,104	49,710	70,011	70,071	82,197	104,173	140,410	212,353	325,726	831,847	1,958,539
Statement of financial position provision for claim years before 2004												234,765
Plus other provision components (internal loss adjustment costs, etc.)												47,161
Claim provision (gross as at 31/12/2014)												2,240,465