Group Financial Statements
Consolidated Income Statement
from 1 January until 31 December 2018
In € thousand |
Notes |
1–12/2018 |
1–12/2017 |
||
|
|||||
Premiums earned (net) |
|
|
|||
Gross |
|
4,950,079 |
4,806,111 |
||
Reinsurers’ share |
|
–189,335 |
–178,178 |
||
|
|
4,760,744 |
4,627,933 |
||
Technical interest income |
|
335,586 |
340,250 |
||
Other insurance income |
|
|
|
||
Gross |
|
32,302 |
21,639 |
||
Reinsurers’ share |
|
92 |
655 |
||
|
|
32,395 |
22,293 |
||
Insurance benefits |
|
|
|||
Gross |
|
–3,793,089 |
–3,611,736 |
||
Reinsurers’ share |
|
166,447 |
64,327 |
||
|
|
–3,626,642 |
–3,547,410 |
||
Operating expenses |
|
|
|||
Expenses for the acquisition of insurance |
|
–865,546 |
–878,641 |
||
Other operating expenses |
|
–462,706 |
–420,298 |
||
Reinsurance commission and share of profit from reinsurance ceded |
|
13,599 |
22,965 |
||
|
|
–1,314,653 |
–1,275,974 |
||
Other technical expenses |
|
|
|
||
Gross |
|
–41,525 |
–39,707 |
||
Reinsurers’ share |
|
–5,725 |
–16,781 |
||
|
|
–47,250 |
–56,488 |
||
Technical result |
|
140,180 |
110,605 |
||
|
|
|
|
||
Net investment income |
|
|
|||
Income from investments |
|
917,575 |
980,124 |
||
Expenses from investments |
|
–445,574 |
–458,180 |
||
Financial assets accounted for using the equity method |
|
109,189 |
50,190 |
||
|
|
581,191 |
572,134 |
||
Other income |
36,844 |
36,649 |
|||
Reclassification of technical interest income |
|
–335,586 |
–340,250 |
||
Other expenses |
–72,536 |
–56,451 |
|||
Non-technical result |
|
209,913 |
212,082 |
||
|
|
|
|
||
Operating profit/(loss) |
|
350,092 |
322,687 |
||
Amortisation of goodwill and impairment losses |
|
–2,674 |
–5,039 |
||
Finance cost |
|
–52,800 |
–53,017 |
||
Earnings before taxes |
|
294,618 |
264,631 |
||
Income taxes |
–59,470 |
–47,162 |
|||
Profit/(loss) for the period from continuing operations |
|
235,148 |
217,469 |
||
Profit/(loss) from discontinued operations (after tax) |
0 |
–33,059 |
|||
Profit/(loss) for the period |
|
235,148 |
184,410 |
||
of which attributable to shareholders of UNIQA Insurance Group AG |
|
243,274 |
171,822 |
||
of which attributable to non-controlling interests |
|
–8,126 |
12,588 |
||
|
|
|
|
||
Earnings per share (in €)1) |
|
0.79 |
0.56 |
||
Earnings per share from continuing operations |
|
0.79 |
0.67 |
||
Earnings per share from discontinued operations |
|
0.00 |
–0.11 |
||
Average number of shares in circulation |
|
306,965,261 |
306,965,261 |
||