Operating segments – classified by business line

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Property and casualty insurance
In € thousand	UNIQA Austria		UNIQA International		Reinsurance		Group function		Consolidation		Group
In € thousand	1–12/2017	1–12/2016	1–12/2017	1–12/2016	1–12/2017	1–12/2016	1–12/2017	1–12/2016	1–12/2017	1–12/2016	1–12/2017	1–12/2016
Premiums written (gross)	1,621,756	1,568,649	997,262	942,343	1,044,952	1,081,063	0	0	–1,024,271	–1,073,624	2,639,699	2,518,432

Premiums earned (net)	999,876	940,937	544,270	517,339	981,510	999,749	0	0	–30,572	–98,973	2,495,084	2,359,053
Technical interest income	0	0	0	0	0	0	0	0	0	0	0	0
Other insurance income	3,274	2,095	14,087	10,919	190	200	506	6,157	–2,729	–1,520	15,328	17,852
Insurance benefits	–675,804	–648,003	–316,185	–308,845	–673,194	–673,153	177	175	20,169	79,232	–1,644,837	–1,550,593
Operating expenses	–241,781	–233,945	–212,451	–204,377	–315,055	–326,255	–24,482	–17,182	5,294	18,580	–788,475	–763,180
Other technical expenses	–7,579	–6,253	–28,974	–29,983	–8,098	–5,467	–570	–161	10,885	8,694	–34,336	–33,171
Technical result	77,987	54,831	746	–14,947	–14,647	–4,926	–24,369	–11,010	3,047	6,013	42,763	29,961

Net investment income	42,988	27,602	28,829	32,943	21,314	20,020	210,714	174,190	–195,295	–122,131	108,550	132,626
Income from investments	144,683	103,684	41,538	37,753	33,883	25,406	261,516	351,399	–213,010	–266,405	268,610	251,837
Expenses from investments	–101,909	–76,228	–12,892	–4,810	–12,570	–5,386	–52,285	–177,746	11,200	139,407	–168,456	–124,762
Financial assets accounted for using the equity method	214	147	184	0	0	0	1,483	537	6,515	4,867	8,396	5,551
Other income	1,186	5,464	6,929	7,064	4,468	1,784	17,792	8,052	–5,240	837	25,134	23,199
Reclassification of technical interest income	0	0	0	0	0	0	0	0	0	0	0	0
Other expenses	–12,006	–17,252	–13,089	–10,753	–6,051	–2,322	–13,066	–6,583	6,808	–4,084	–37,403	–40,994
Non-technical result	32,167	15,814	22,669	29,254	19,731	19,482	215,440	175,659	–193,727	–125,378	96,280	114,831

Operating profit/(loss)	110,154	70,645	23,415	14,307	5,083	14,556	191,071	164,648	–190,680	–119,365	139,044	144,791
Amortisation of goodwill and impairment losses	0	0	–2,255	–19,516	0	0	0	0	0	0	–2,255	–19,516
Finance costs	0	0	–5,037	–719	–2,900	–79	–57,928	–67,348	12,946	776	–52,920	–67,370
Earnings before taxes from continuing operations	110,154	70,645	16,122	–5,928	2,183	14,477	133,143	97,300	–177,733	–118,589	83,869	57,905

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Health insurance
In € thousand	UNIQA Austria		UNIQA International		Reinsurance		Group function		Consolidation		Group
In € thousand	1–12/2017	1–12/2016	1–12/2017	1–12/2016	1–12/2017	1–12/2016	1–12/2017	1–12/2016	1–12/2017	1–12/2016	1–12/2017	1–12/2016
Premiums written (gross)	979,663	956,280	62,819	47,692	2,455	1,988	0	0	–2,972	–2,304	1,041,964	1,003,656

Premiums earned (net)	979,394	955,332	57,306	44,011	2,266	1,424	0	0	–90	–411	1,038,875	1,000,356
Technical interest income	81,277	77,670	0	0	0	0	0	0	0	0	81,277	77,670
Other insurance income	296	317	183	1,602	0	0	0	0	0	0	479	1,918
Insurance benefits	–849,502	–821,795	–36,252	–29,288	–101	–154	8,237	7,532	7	133	–877,611	–843,571
Operating expenses	–128,691	–143,119	–21,807	–19,794	–1,148	–672	–17,318	–11,976	967	75	–167,998	–175,486
Other technical expenses	–176	–431	–212	–204	0	0	–296	–118	2	0	–683	–752
Technical result	82,597	67,975	–783	–3,673	1,017	598	–9,377	–4,562	886	–203	74,340	60,136

Net investment income	118,886	116,085	285	481	0	0	–4,915	–4,544	2,112	2,885	116,368	114,907
Income from investments	264,246	195,974	1,064	599	0	0	276	2,196	–8,702	–5,661	256,885	193,108
Expenses from investments	–151,024	–83,728	–779	–118	0	0	–5,513	–6,999	666	903	–156,651	–89,941
Financial assets accounted for using the equity method	5,663	3,838	0	0	0	0	322	258	10,148	7,644	16,133	11,741
Other income	397	965	3,272	1,707	3	0	2,494	2,341	1,348	0	7,514	5,013
Reclassification of technical interest income	–81,277	–77,670	0	0	0	0	0	0	0	0	–81,277	–77,670
Other expenses	–2,627	–2,802	–2,892	–1,655	0	0	–2,082	–1,703	424	–66	–7,177	–6,226
Non-technical result	35,378	36,577	665	533	3	0	–4,502	–3,906	3,884	2,820	35,428	36,023

Operating profit/(loss)	117,975	104,552	–118	–3,141	1,020	598	–13,879	–8,468	4,770	2,617	109,767	96,159
Amortisation of goodwill and impairment losses	0	0	0	0	0	0	0	0	0	0	0	0
Finance costs	0	0	0	0	0	0	–97	–107	0	0	–97	–107
Earnings before taxes from continuing operations	117,975	104,552	–118	–3,141	1,020	598	–13,976	–8,575	4,770	2,617	109,670	96,051

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Life insurance
In € thousand	UNIQA Austria		UNIQA International		Reinsurance		Group function		Consolidation		Group
In € thousand	1–12/2017	1–12/2016	1–12/2017	1–12/2016	1–12/2017	1–12/2016	1–12/2017	1–12/2016	1–12/2017	1–12/2016	1–12/2017	1–12/2016
Premiums written (gross), including savings portions from unit-linked and index-linked life insurance	1,055,190	1,106,524	548,437	409,855	44,194	47,744	0	0	–36,179	–38,000	1,611,642	1,526,123
Premiums earned (net), including savings portions from unit-linked and index-linked life insurance	1,012,050	1,045,175	538,294	401,644	19,243	21,519	0	0	597	–52	1,570,184	1,468,287
Savings portions in unit-linked and index-linked life insurance (gross)	231,806	246,038	249,833	159,060	0	0	0	0	0	0	481,639	405,097
Savings portions in unit-linked and index-linked life insurance (net)	226,377	225,666	249,833	159,060	0	0	0	0	0	0	476,210	384,725

Premiums written (gross)	823,384	860,487	298,604	250,795	44,194	47,744	0	0	–36,179	–38,000	1,130,003	1,121,025

Premiums earned (net)	785,673	819,510	288,461	242,585	19,243	21,519	0	0	597	–52	1,093,974	1,083,561
Technical interest income	237,939	229,154	27,884	26,510	0	0	0	0	0	0	265,823	255,664
Other insurance income	1,207	496	5,254	3,586	164	241	–1	0	–137	–256	6,487	4,067
Insurance benefits	–825,433	–822,332	–185,187	–146,814	–19,188	–21,415	0	0	–6,393	–840	–1,036,201	–991,401
Operating expenses	–177,874	–212,180	–121,716	–111,985	–3,989	–3,600	–13,545	–20,475	–2,377	511	–319,501	–347,728
Other technical expenses	–21,310	–19,601	–2,143	–3,068	–3,531	–3,657	–333	–35	5,848	5,963	–21,469	–20,398
Technical result	201	–4,953	12,554	10,814	–7,300	–6,912	–13,879	–20,509	–2,463	5,325	–10,888	–16,236

Net investment income	300,526	316,400	42,338	30,117	9,691	9,902	–912	–16,873	–15,624	1,812	336,019	341,360
Income from investments	383,928	451,064	57,495	48,523	9,691	9,902	42,977	35,932	–39,485	–48,925	454,605	496,496
Expenses from investments	–91,097	–142,587	–15,157	–18,405	0	0	–45,190	–53,696	7,197	38,229	–144,247	–176,459
Financial assets accounted for using the equity method	7,696	7,923	0	0	0	0	1,301	890	16,665	12,508	25,662	21,322
Other income	194	1,486	3,589	12,321	1	60	139	504	77	–13	4,001	14,357
Reclassification of technical interest income	–237,939	–229,154	–27,884	–26,510	0	0	0	0	0	0	–265,823	–255,664
Other expenses	–1,940	–2,489	–3,491	–1,776	–71	–34	–6,238	–703	–131	–922	–11,871	–5,925
Non-technical result	60,841	86,243	14,552	14,152	9,621	9,928	–7,010	–17,073	–15,677	877	62,327	94,128

Operating profit/(loss)	61,042	81,290	27,106	24,966	2,321	3,016	–20,890	–37,582	–18,141	6,202	51,439	77,892
Amortisation of goodwill and impairment losses	–2,478	–3,470	–305	–2,846	0	0	0	0	0	0	–2,784	–6,316
Finance costs	–25,083	–20,787	0	0	0	0	–6,896	0	31,979	20,787	0	0
Earnings before taxes from continuing operations	33,481	57,033	26,800	22,120	2,321	3,016	–27,786	–37,582	13,838	26,989	48,655	71,576

Annual Report 2017 Sustainability Report 2017

Segment reporting

Operating segments – classified by business line