UNIQA Group Report 2015 - Operating segments

Enlarge table

	UNIQA Austria		Raiffeisen Insurance		UNIQA International		Reinsurance		Group functions and consolidation		Group
In € thousand	1-12/2015	1-12/2014	1-12/2015	1-12/2014	1-12/2015	1-12/2014	1-12/2015	1-12/2014	1-12/2015	1-12/2014	1-12/2015	1-12/2014
Premiums written (gross), including savings portions from unit-linked and index-linked life insurance	2,807,701	2,773,542	1,075,844	905,290	2,416,843	2,353,062	1,112,080	1,189,327	–1,087,337	–1,156,866	6,325,132	6,064,355
Premiums earned (net) including savings portions from the unit-linked and index-linked life insurance	2,229,856	2,137,021	965,061	793,957	1,892,310	1,822,239	1,014,440	1,080,886	1,155	4,932	6,102,823	5,839,035
Savings portions in unit-linked and index-linked life insurance (gross)	135,109	152,378	135,109	152,378	215,214	239,898	0	0	0	0	485,431	544,654
Savings portions in unit-linked and index-linked life insurance (net)	127,051	143,121	127,051	143,121	215,214	239,898	0	0	0	0	469,316	526,139

Premiums written (gross)	2,672,593	2,621,163	940,736	752,912	2,201,629	2,113,164	1,112,080	1,189,327	–1,087,337	–1,156,866	5,839,701	5,519,700

Premiums earned (net)	2,102,805	1,993,900	838,010	650,837	1,677,097	1,582,342	1,014,440	1,080,886	1,155	4,932	5,633,507	5,312,896
Premiums earned (net) - intragroup	–546,003	–587,892	–96,383	–91,943	–410,764	–446,736	1,051,994	1,121,639	1,155	4,932	0	0
Premiums earned (net) - non intragroup	2,648,808	2,581,791	934,392	742,780	2,087,860	2,029,078	–37,554	–40,753	0	0	5,633,507	5,312,896
Technical interest income	209,292	229,055	193,805	219,626	115,133	96,615	0	0	209	15,088	518,439	560,384
Other insurance income	1,900	3,137	997	917	21,340	25,931	631	1,115	5,801	3,392	30,669	34,492
Insurance benefits	–1,729,353	–1,637,225	–829,768	–685,206	–1,329,341	–1,253,637	–720,148	–800,808	1,043	–6,785	–4,607,567	–4,383,662
Operating expenses	–390,673	–407,088	–135,526	–112,121	–427,476	–434,847	–315,686	–335,108	–29,334	–9,943	–1,298,695	–1,299,106
Other technical expenses	–23,295	–37,881	–11,560	–14,841	–47,022	–50,823	–9,060	–12,193	14,448	18,440	–76,489	–97,298
Technical result	170,677	143,897	55,958	59,213	9,731	–34,419	–29,823	–66,109	–6,678	25,124	199,864	127,706

Net investment income	343,170	376,128	254,738	277,712	195,321	174,330	27,652	31,325	10,264	28,657	831,145	888,151
Other income	7,304	7,513	201	1,736	19,012	26,774	2,240	5,270	13,767	21,135	42,525	62,428
Reclassification of technical interest income	–209,292	–229,055	–193,805	–219,626	–115,133	–96,615	0	0	–209	–15,088	–518,439	–560,384
Other operating expenses	–11,781	–12,049	–503	–123	–34,809	–40,688	–2,204	–975	–11,695	–16,499	–60,993	–70,334
Non-technical result	129,400	142,537	60,631	59,699	64,391	63,800	27,687	35,621	12,128	18,204	294,238	319,860

Operating profit/(loss)	300,077	286,434	116,589	118,911	74,122	29,381	–2,136	–30,488	5,450	43,328	494,102	447,566
Amortisation of goodwill and impairment losses	–918	–1,875	–624	–189	–19,476	–30,228	0	0	0	0	–21,018	–32,292
Finance costs	–10,627	–10,627	–10,524	–10,094	–168	–317	0	0	–28,923	–16,304	–50,243	–37,343
Earnings before taxes	288,532	273,932	105,441	108,628	54,477	–1,164	–2,136	–30,488	–23,474	27,024	422,840	377,932

Combined ratio (property and casualty insurance, after reinsurance)	93.9%	91.8%	82.7%	88.1%	99.1%	102.3%	101.7%	104.8%			97.8%	99.6%
Cost ratio (after reinsurance)	17.5%	19.0%	14.0%	14.1%	22.6%	23.9%	31.1%	31.0%			21.3%	22.2%