Group Financial Statements
Consolidated Income Statement
from 1 January to 31 December 2017
In € thousand |
Notes |
1–12/2017 |
1–12/2016 |
||
|
|||||
Premiums earned (net) |
|
|
|||
Gross |
|
4,806,111 |
4,611,687 |
||
Reinsurers’ share |
|
–178,178 |
–168,717 |
||
|
|
4,627,933 |
4,442,970 |
||
Technical interest income |
|
347,100 |
333,334 |
||
Other insurance income |
|
|
|
||
Gross |
|
21,639 |
23,508 |
||
Reinsurers’ share |
|
655 |
329 |
||
|
|
22,293 |
23,837 |
||
Insurance benefits |
|
|
|||
Gross |
|
–3,622,976 |
–3,478,247 |
||
Reinsurers’ share |
|
64,327 |
92,681 |
||
|
|
–3,558,650 |
–3,385,566 |
||
Operating expenses |
|
|
|||
Expenses for the acquisition of insurance |
|
–878,641 |
–890,674 |
||
Other operating expenses |
|
–420,298 |
–417,031 |
||
Reinsurance commission and share of profit from reinsurance ceded |
|
22,965 |
21,311 |
||
|
|
–1,275,974 |
–1,286,394 |
||
Other technical expenses |
|
|
|
||
Gross |
|
–39,707 |
–37,088 |
||
Reinsurers’ share |
|
–16,781 |
–17,233 |
||
|
|
–56,488 |
–54,321 |
||
Technical result |
|
106,215 |
73,861 |
||
|
|
|
|
||
Net investment income |
|
|
|||
Income from investments |
|
980,100 |
941,441 |
||
Expenses from investments |
|
–469,354 |
–391,162 |
||
Financial assets accounted for using the equity method |
|
50,190 |
38,614 |
||
|
|
560,937 |
588,892 |
||
Other income |
36,649 |
42,569 |
|||
Reclassification of technical interest income |
|
–347,100 |
–333,334 |
||
Other expenses |
–56,451 |
–53,145 |
|||
Non-technical result |
|
194,035 |
244,982 |
||
|
|
|
|
||
Operating profit/(loss) |
|
300,250 |
318,842 |
||
Amortisation of goodwill and impairment losses |
|
–5,039 |
–25,832 |
||
Finance costs |
|
–53,017 |
–67,477 |
||
Earnings before taxes |
|
242,194 |
225,533 |
||
Income taxes |
–46,348 |
–22,810 |
|||
Profit/(loss) for the period from continuing operations |
|
195,846 |
202,723 |
||
Profit/(loss) from discontinued operations (after tax) |
–33,059 |
–53,105 |
|||
Profit/(loss) for the period |
|
162,788 |
149,618 |
||
of which attributable to shareholders of UNIQA Insurance Group AG |
|
161,397 |
148,063 |
||
of which attributable to non-controlling interests |
|
1,391 |
1,554 |
||
|
|
|
|
||
Earnings per share (in €)1) |
|
0.53 |
0.48 |
||
Earnings per share from continuing operations |
|
0.63 |
0.66 |
||
Earnings per share from discontinued operations |
|
–0.11 |
–0.17 |
||
Average number of shares in circulation |
|
306,965,261 |
308,129,721 |
||