Group Financial Statements
Consolidated Income Statement
from 1 January to 31 December 2016
In € thousand |
Notes |
1-12/2016 |
1-12/2015 |
||
|
|||||
Premiums earned (net) |
|
|
|||
Gross |
|
4,611,687 |
4,817,299 |
||
Reinsurers’ share |
|
–168,717 |
–166,172 |
||
|
|
4,442,970 |
4,651,128 |
||
Technical interest income |
|
333,334 |
431,740 |
||
Other insurance income |
|
|
|
||
Gross |
|
23,508 |
29,566 |
||
Reinsurers’ share |
|
329 |
863 |
||
|
|
23,837 |
30,429 |
||
Insurance benefits |
|
|
|||
Gross |
|
–3,478,247 |
–3,786,352 |
||
Reinsurers’ share |
|
92,681 |
115,045 |
||
|
|
–3,385,566 |
–3,671,307 |
||
Operating expenses |
|
|
|||
Expenses for the acquisition of insurance |
|
–890,674 |
–863,291 |
||
Other operating expenses |
|
–417,031 |
–346,254 |
||
Reinsurance commission and share of profit from reinsurance ceded |
|
21,311 |
19,110 |
||
|
|
–1,286,394 |
–1,190,435 |
||
Other technical expenses |
|
|
|
||
Gross |
|
–37,088 |
–47,718 |
||
Reinsurers’ share |
|
–17,233 |
–17,965 |
||
|
|
–54,321 |
–65,682 |
||
Technical result |
73,861 |
185,872 |
|||
|
|
|
|
||
Net investment income and income from investment property |
588,892 |
731,983 |
|||
of which profit from financial assets accounted for using the equity method |
|
38,614 |
23,205 |
||
Other income |
42,569 |
35,818 |
|||
Reclassification of technical interest income |
|
–333,334 |
–431,740 |
||
Other expenses |
–53,145 |
–55,691 |
|||
Non-technical result |
|
244,982 |
280,370 |
||
|
|
|
|
||
Operating profit/(loss) |
318,842 |
466,242 |
|||
Amortisation of goodwill and impairment losses |
|
–25,832 |
–18,181 |
||
Finance costs |
|
–67,477 |
–50,243 |
||
Earnings before taxes |
225,533 |
397,818 |
|||
Income taxes |
–22,810 |
–80,283 |
|||
Profit/(loss) for the year from continuing operations |
|
202,723 |
317,535 |
||
Profit/(loss) from discontinued operations (after tax) |
–53,105 |
23,147 |
|||
Profit/(loss) for the year |
|
149,618 |
340,682 |
||
of which attributable to shareholders of UNIQA Insurance Group AG |
|
148,063 |
337,160 |
||
of which attributable to non-controlling interests |
|
1,554 |
3,521 |
||
|
|
|
|
||
Earnings per share (in €)1) |
0.48 |
1.09 |
|||
Earnings per share from continuing operations |
|
0.66 |
1.02 |
||
Earnings per share from discontinued operations |
|
–0.17 |
0.07 |
||
Average number of shares in circulation |
|
308,129,721 |
308,180,350 |
||