Operating segments – classified by business line

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Property and casualty insurance
In € thousand	UNIQA Austria		UNIQA International		Reinsurance		Group functions		Group functions		Group
In € thousand	1–12/2018	1–12/2017 adjusted	1–12/2018	1–12/2017 adjusted	1–12/2018	1–12/2017 adjusted	1–12/2018	1–12/2017 adjusted	1–12/2018	1–12/2017 adjusted	1–12/2018	1–12/2017 adjusted
Premiums written (gross)	1,703,527	1,621,756	1,067,373	997,262	1,051,342	1,044,952	0	0	–1,047,807	–1,024,271	2,774,435	2,639,699

Premiums earned (net)	1,033,105	999,876	584,844	544,270	961,811	981,510	0	0	4,319	–30,572	2,584,079	2,495,084
Other insurance income	8,018	3,274	16,994	14,087	196	190	981	506	–3,553	–2,729	22,635	15,328
Insurance benefits	–691,172	–675,804	–339,160	–316,185	–660,503	–673,194	249	177	514	20,169	–1,690,073	–1,644,837
Operating expenses	–255,395	–241,781	–219,552	–212,451	–297,363	–315,055	–33,500	–24,482	–5,170	5,294	–810,980	–788,475
Other technical expenses	–9,693	–7,579	–31,973	–28,974	–8,751	–8,098	–36	–570	8,582	10,885	–41,872	–34,336
Technical result	84,863	77,987	11,153	746	–4,612	–14,647	–32,306	–24,369	4,691	3,047	63,789	42,763

Net investment income	38,966	42,993	23,751	28,183	14,267	19,017	293,266	239,951	–242,106	–210,396	128,145	119,747
Income from investments	65,330	58,146	30,491	33,173	26,575	25,119	424,615	380,792	–258,948	–228,597	288,064	268,634
Expenses from investments	–26,657	–15,368	–6,946	–5,174	–12,308	–6,103	–180,633	–142,324	8,060	11,686	–218,484	–157,283
Financial assets accounted for using the equity method	293	214	206	184	0	0	49,284	1,483	8,782	6,515	58,565	8,396
Other income	771	1,186	4,517	6,929	12,838	4,468	12,028	17,792	–4,088	–5,240	26,066	25,134
Other expenses	–11,841	–12,006	–17,139	–13,089	–4,268	–6,051	–12,327	–13,066	993	6,808	–44,581	–37,403
Non-technical result	27,896	32,172	11,130	22,023	22,837	17,434	292,967	244,677	–245,200	–208,828	109,630	107,478

Operating profit/(loss)	112,760	110,159	22,283	22,769	18,225	2,786	260,661	220,308	–240,510	–205,781	173,419	150,241
Amortisation of goodwill and impairment losses	0	0	–454	–2,255	0	0	0	0	0	0	–454	–2,255
Finance cost	0	0	–4,330	–5,037	–2,900	–2,900	–57,652	–57,928	12,183	12,946	–52,699	–52,920
Earnings before taxes from continuing operations	112,760	110,159	17,498	15,476	15,325	–114	203,009	162,380	–228,326	–192,835	120,266	95,066

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Health insurance
In € thousand	UNIQA Austria		UNIQA International		Reinsurance		Group functions		Consolidation		Group
In € thousand	1–12/2018	1–12/2017 adjusted	1–12/2018	1–12/2017 adjusted	1–12/2018	1–12/2017 adjusted	1–12/2018	1–12/2017 adjusted	1–12/2018	1–12/2017 adjusted	1–12/2018	1–12/2017
Premiums written (gross)	1,008,859	979,663	77,586	62,819	6,574	2,455	0	0	–6,574	–2,972	1,086,444	1,041,964

Premiums earned (net)	1,008,141	979,394	65,821	57,306	6,238	2,266	0	0	139	–90	1,080,339	1,038,875
Technical interest income	83,976	81,277	0	0	0	0	0	0	0	0	83,976	81,277
Other insurance income	2,653	296	124	183	0	0	389	0	0	0	3,167	479
Insurance benefits	–864,356	–849,502	–41,256	–36,252	–4,681	–101	9,396	8,237	48	7	–900,849	–877,611
Operating expenses	–140,855	–128,691	–24,662	–21,807	–1,039	–1,148	–18,370	–17,318	1,070	967	–183,856	–167,998
Other technical expenses	–38	–176	–251	–212	0	0	0	–296	1	2	–288	–683
Technical result	89,522	82,597	–224	–783	518	1,017	–8,585	–9,377	1,257	886	82,488	74,340

Net investment income	103,049	117,685	460	285	0	0	3,886	15,751	–7,855	–17,353	99,541	116,368
Income from investments	129,492	145,714	1,103	1,064	0	0	108,310	141,177	–28,497	–31,070	210,408	256,885
Expenses from investments	–34,193	–33,692	–643	–779	0	0	–104,424	–125,748	8,839	3,569	–130,420	–156,651
Financial assets accounted for using the equity method	7,750	5,663	0	0	0	0	0	322	11,803	10,148	19,553	16,133
Other income	95	397	2,994	3,272	21	3	3,623	2,494	–1,191	1,348	5,542	7,514
Reclassification of technical interest income	–83,976	–81,277	0	0	0	0	0	0	0	0	–83,976	–81,277
Other expenses	–1,719	–2,627	–3,067	–2,892	0	0	–2,886	–2,082	344	424	–7,329	–7,177
Non-technical result	17,449	34,177	387	665	21	3	4,623	16,163	–8,703	–15,580	13,778	35,428

Operating profit/(loss)	106,971	116,774	163	–118	539	1,020	–3,962	6,786	–7,446	–14,695	96,266	109,767
Finance cost	0	0	0	0	0	0	–173	–97	72	0	–101	–97
Earnings before taxes from continuing operations	106,971	116,774	163	–118	539	1,020	–4,135	6,689	–7,374	–14,695	96,165	109,670

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Life insurance
In € thousand	UNIQA Austria		UNIQA International		Reinsurance		Group functions		Consolidation		Group
In € thousand	1–12/2018	1–12/2017 adjusted	1–12/2018	1–12/2017 adjusted	1–12/2018	1–12/2017	1–12/2018	1–12/2017 adjusted	1–12/2018	1–12/2017 adjusted	1–12/2018	1–12/2017 adjusted
Premiums written (gross), including savings portions from unit-linked and index-linked life insurance	1,022,014	1,055,190	419,691	548,437	40,429	44,194	0	0	–33,544	–36,179	1,448,590	1,611,642
Premiums earned (net), including savings portions from unit-linked and index-linked life insurance	990,565	1,012,050	408,397	538,294	17,539	19,243	0	0	750	597	1,417,251	1,570,184
Savings portions from unit-linked and index-linked life insurance (gross)	219,802	231,806	100,712	249,833	0	0	0	0	0	0	320,513	481,639
Savings portions from unit-linked and index-linked life insurance (net)	220,214	226,377	100,712	249,833	0	0	0	0	0	0	320,925	476,210

Premiums written (gross)	802,212	823,384	318,979	298,604	40,429	44,194	0	0	–33,544	–36,179	1,128,076	1,130,003

Premiums earned (net)	770,352	785,673	307,685	288,461	17,539	19,243	0	0	750	597	1,096,326	1,093,974
Technical interest income	225,498	231,088	26,112	27,884	0	0	0	0	0	0	251,610	258,973
Other insurance income	1,542	1,207	4,803	5,254	55	164	382	–1	–189	–137	6,593	6,487
Insurance benefits	–834,724	–814,514	–181,372	–185,187	–17,257	–19,188	0	0	–2,367	–6,073	–1,035,721	–1,024,962
Operating expenses	–168,619	–177,874	–132,377	–121,716	–1,198	–3,989	–16,541	–13,545	–1,083	–2,377	–319,817	–319,501
Other technical expenses	–5,037	–21,310	–2,195	–2,143	–3,348	–3,531	–130	–333	5,621	5,848	–5,089	–21,469
Technical result	–10,987	4,270	22,655	12,554	–4,210	–7,300	–16,288	–13,879	2,732	–2,143	–6,098	–6,498

Net investment income	276,306	291,739	57,509	42,934	9,226	9,691	8,821	11,462	1,642	–19,807	353,505	336,019
Income from investments	317,355	374,235	64,955	51,421	9,226	9,691	60,405	63,401	–32,839	–44,144	419,103	454,605
Expenses from investments	–51,583	–90,192	–7,446	–8,487	0	0	–53,365	–53,240	15,725	7,672	–96,670	–144,247
Financial assets accounted for using the equity method	10,534	7,696	0	0	0	0	1,781	1,301	18,756	16,665	31,071	25,662
Other income	337	194	3,304	3,589	38	1	1,618	139	–61	77	5,236	4,001
Reclassification of technical interest income	–225,498	–231,088	–26,112	–27,884	0	0	0	0	0	0	–251,610	–258,973
Other expenses	–1,179	–1,940	–19,519	–3,491	–31	–71	–1,018	–6,238	1,120	–131	–20,626	–11,871
Non-technical result	49,966	58,904	15,182	15,148	9,234	9,621	9,422	5,364	2,701	–19,861	86,505	69,177

Operating profit/(loss)	38,979	63,175	37,837	27,702	5,024	2,321	–6,867	–8,516	5,433	–22,004	80,407	62,679
Amortisation of goodwill and impairment losses	–1,913	–2,478	–307	–305	0	0	0	0	0	0	–2,220	–2,784
Finance cost	–25,080	–25,083	–80	0	0	0	–6,376	–6,896	31,536	31,979	0	0
Earnings before taxes from continuing operations	11,985	35,613	37,451	27,397	5,024	2,321	–13,242	–15,411	36,970	9,975	78,187	59,895

Annual Report 2018

Segment reporting

Operating segments – classified by business line