Operating segments - UNIQA Group Report 2017

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	3,656,609	3,631,453	1,608,517	1,399,890	1,091,601	1,130,795	0	0	–1,063,422	–1,113,928	5,293,305	5,048,210
Premiums earned (net), including savings portions from unit-linked and index-linked life insurance	2,991,320	2,941,445	1,139,869	962,994	1,003,018	1,022,692	0	0	–30,065	–99,436	5,104,143	4,827,696
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)	3,424,803	3,385,416	1,358,684	1,240,830	1,091,601	1,130,795	0	0	–1,063,422	–1,113,928	4,811,666	4,643,113

Premiums earned (net)	2,764,943	2,715,779	890,037	803,935	1,003,018	1,022,692	0	0	–30,065	–99,436	4,627,933	4,442,970
Premiums earned (net) – intragroup	–630,645	–635,317	–365,299	–332,689	1,026,009	1,067,442	0	0	–30,065	–99,436	0	0
Premiums earned (net) – external	3,395,588	3,351,096	1,255,336	1,136,624	–22,991	–44,750	0	0	0	0	4,627,933	4,442,970
Technical interest income	319,216	306,825	27,884	26,510	0	0	0	0	0	0	347,100	333,334
Other insurance income	4,777	2,908	19,524	16,106	354	442	505	6,157	–2,866	–1,776	22,293	23,837
Insurance benefits	–2,350,739	–2,292,130	–537,625	–484,946	–692,482	–694,723	8,414	7,708	13,783	78,525	–3,558,650	–3,385,566
Operating expenses	–548,346	–589,244	–355,974	–336,156	–320,192	–330,527	–55,345	–49,634	3,884	19,166	–1,275,974	–1,286,394
Other technical expenses	–29,065	–26,285	–31,329	–33,256	–11,629	–9,124	–1,200	–313	16,735	14,656	–56,488	–54,321
Technical result	160,785	117,853	12,517	–7,807	–20,931	–11,240	–47,625	–36,081	1,470	11,135	106,215	73,861

Net investment income	462,399	460,087	71,452	63,542	31,005	29,923	204,887	152,773	–208,807	–117,433	560,937	588,892
Income from investments	792,856	750,722	100,097	86,875	43,574	35,308	304,769	389,528	–261,197	–320,992	980,100	941,441
Expenses from investments	–344,031	–302,543	–28,829	–23,333	–12,570	–5,386	–102,987	–238,440	19,063	178,540	–469,354	–391,162
Financial assets accounted for using the equity method	13,573	11,909	184	0	0	0	3,106	1,685	33,327	25,020	50,190	38,614
Other income	1,776	7,914	13,790	21,091	4,472	1,844	20,425	10,896	–3,815	823	36,649	42,569
Reclassification of technical interest income	–319,216	–306,825	–27,884	–26,510	0	0	0	0	0	0	–347,100	–333,334
Other expenses	–16,573	–22,543	–19,472	–14,185	–6,122	–2,356	–21,385	–8,989	7,102	–5,072	–56,451	–53,145
Non-technical result	128,386	138,633	37,886	43,939	29,355	29,410	203,927	154,680	–205,520	–121,681	194,035	244,982

Operating profit/(loss)	289,171	256,487	50,403	36,132	8,424	18,170	156,302	118,599	–204,050	–110,546	300,250	318,842
Amortisation of goodwill and impairment losses	–2,478	–3,470	–2,561	–22,362	0	0	0	0	0	0	–5,039	–25,832
Finance costs	–25,083	–20,787	–5,037	–719	–2,900	–79	–64,921	–67,456	44,925	21,563	–53,017	–67,477
Earnings before taxes from continuing operations	261,610	232,230	42,804	13,051	5,524	18,091	91,381	51,143	–159,125	–88,983	242,194	225,533

Combined ratio (property and casualty insurance, after reinsurance)	91.8%	93.7%	97.1%	99.2%	100.7%	100.0%	n/a	n/a	n/a	n/a	97.5%	98.1%
Cost ratio (after reinsurance)	18.3%	20.0%	31.2%	34.9%	31.9%	32.3%	n/a	n/a	n/a	n/a	25.0%	26.6%