UNIQA Group Report 2014 - Operating segments

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		UNIQA Austria		Raiffeisen Versicherung		UNIQA International		Reinsurance		Group functions and consolidation		Group
in € thousand		1–12/2014	1–12/2013	1–12/2014	1–12/2013	1–12/2014	1–12/2013	1–12/2014	1–12/2013	1–12/2014	1–12/2013	1–12/2014	1–12/2013
	Premiums written (gross), including savings portion from the unit-linked and index-linked life insurance.	2,773,542	2,806,699	905,290	878,474	2,353,062	2,162,358	1,189,327	1,633,116	–1,156,866	–1,595,140	6,064,355	5,885,506
	Premiums earned (net), including savings portion from the unit-linked and index-linked life insurance	2,137,021	2,196,206	793,957	767,663	1,822,239	1,634,118	1,080,886	1,073,625	4,932	–30,739	5,839,035	5,640,873
	Savings portion in unit-linked and index-linked life insurance (gross)	152,378	209,844	152,378	209,844	239,898	308,243	0	0	0	0	544,654	727,931
	Savings portion in unit-linked and index-linked life insurance (net)	143,121	197,015	143,121	197,015	239,898	308,243	0	0	0	0	526,139	702,272

	Premiums written (gross)	2,621,163	2,596,856	752,912	668,630	2,113,164	1,854,115	1,189,327	1,633,116	–1,156,866	–1,595,140	5,519,700	5,157,576
1.	Premiums earned (net)	1,993,900	1,999,191	650,837	570,648	1,582,342	1,325,874	1,080,886	1,073,625	4,932	–30,739	5,312,896	4,938,600
2.	Technical interest income	229,055	242,023	219,626	209,939	96,615	85,966	0	0	15,088	–48,128	560,384	489,799
3.	Other insurance income	3,137	7,268	917	526	25,931	10,164	1,115	9,333	3,392	–3,784	34,492	23,508
4.	Insurance benefits	–1,637,225	–1,680,518	–685,206	–629,983	–1,253,637	–960,118	–800,808	–782,508	–6,785	93,680	–4,383,662	–3,959,448
5.	Operating expenses	–393,975	–418,113	–101,457	–111,748	–434,847	–454,669	–335,108	–333,557	–9,943	–36,081	–1,275,330	–1,354,167
6.	Other technical expenses	–37,881	–40,762	–14,841	–15,978	–50,823	–40,345	–12,193	–12,215	18,440	19,779	–97,298	–89,521
7.	Technical result	157,010	109,088	69,876	23,404	–34,419	–33,128	–66,109	–45,321	25,124	–5,272	151,482	48,772

8.	Net investment income	363,015	379,086	267,048	251,636	174,330	143,106	31,325	21,813	28,657	–15,640	864,375	780,002
9.	Other income	7,513	2,240	1,736	837	26,774	15,707	5,270	5,842	21,135	15,964	62,428	40,589
10.	Reclassification of technical interest income	–229,055	–242,023	–219,626	–209,939	–96,615	–85,966	0	0	–15,088	48,128	–560,384	–489,799
11.	Other operating expenses	–12,049	–8,663	–123	–1,091	–40,688	–12,947	–975	–311	–16,499	–9,402	–70,334	–32,413
12.	Non-technical result	129,424	130,640	49,035	41,443	63,800	59,900	35,621	27,344	18,204	39,051	296,084	298,379

13.	Operating profit/(loss)	286,434	239,728	118,911	64,848	29,381	26,772	–30,488	–17,976	43,328	33,779	447,566	347,151
14.	Amortisation of goodwill and impairment losses	–1,875	–1,916	–189	–261	–30,228	–5,124	0	0	0	0	–32,292	–7,301
15.	Finance costs	–10,627	–6,812	–10,094	0	–317	–109	0	0	–16,304	–25,360	–37,343	–32,281
16.	Profit/(loss) from ordinary activities	273,932	231,001	108,628	64,587	–1,164	21,539	–30,488	–17,976	27,024	8,419	377,932	307,569

Combined ratio (property and casualty insurance, after reinsurance)		91.6%	91.6%	86.6%	90.4%	102.3%	102.8%	104.8%	103.6%			99.5%	99.8%
Cost ratio (after reinsurance)		18.4%	19.0%	12.8%	14.6%	23.9%	27.8%	31.0%	31.1%			21.8%	24.0%