Operating segments - UNIQA Group Report 2019

In € thousand	UNIQA Austria		UNIQA International		Reinsurance		Group functions		Consolidation		Group
In € thousand	1–12/2019	1–12/2018	1–12/2019	1–12/2018	1–12/2019	1–12/2018	1–12/2019	1–12/2018 adjusted	1–12/2019	1–12/2018	1–12/2019	1–12/2018 adjusted
Premiums written (gross), including savings portions from unit-linked and index-linked life insurance	3,800,819	3,734,400	1,561,242	1,564,649	1,129,178	1,098,345	0	0	–1,118,689	–1,087,925	5,372,550	5,309,469
Premiums earned (net), including savings portions from unit-linked and index-linked life insurance	3,057,035	3,031,811	1,082,632	1,059,062	1,029,297	985,588	0	0	1,872	5,208	5,170,836	5,081,670
Savings portions from unit-linked and index-linked life insurance (gross)	211,683	219,802	98,083	100,712	0	0	0	0	0	0	309,766	320,513
Savings portions from unit-linked and index-linked life insurance (net)	211,683	220,214	98,083	100,712	0	0	0	0	0	0	309,766	320,925

Premiums written (gross)	3,589,137	3,514,598	1,463,159	1,463,937	1,129,178	1,098,345	0	0	–1,118,689	–1,087,925	5,062,785	4,988,955

Premiums earned (net)	2,845,352	2,811,597	984,549	958,350	1,029,297	985,588	0	0	1,872	5,208	4,861,071	4,760,744
Premiums earned (net) – intragroup	–704,769	–662,714	–381,412	–387,285	1,084,309	1,044,792	0	0	1,872	5,208	0	0
Premiums earned (net) – external	3,550,121	3,474,312	1,365,961	1,345,636	–55,012	–59,203	0	0	0	0	4,861,071	4,760,744
Technical interest income	300,108	309,474	31,130	26,112	0	0	0	0	0	0	331,238	335,586
Other insurance income	3,842	12,213	20,576	21,921	216	251	349	1,753	–3,469	–3,743	21,514	32,395
Insurance benefits	–2,417,314	–2,390,251	–541,556	–561,788	–700,442	–682,442	3,354	2,539	–1,120	–1,806	–3,657,078	–3,633,748
Operating expenses	–635,734	–564,868	–414,880	–376,591	–303,674	–299,601	–48,513	–68,410	–4,315	–5,183	–1,407,116	–1,314,653
Other technical expenses	–14,873	–14,768	–40,075	–34,419	–15,430	–12,100	2,345	–166	17,931	14,203	–50,102	–47,250
Technical result	81,383	163,398	39,745	33,585	9,966	–8,303	–42,466	–64,285	10,898	8,680	99,526	133,074

Net investment income	424,126	418,322	61,587	81,720	29,450	23,493	356,284	309,813	–286,202	–248,319	585,244	585,029
Income from investments	539,199	512,177	89,737	96,550	43,163	35,801	482,698	593,331	–385,839	–320,284	768,959	917,575
Expenses from investments	–133,651	–112,433	–28,319	–15,035	–13,713	–12,308	–130,954	–334,583	58,495	32,624	–248,143	–441,735
Financial assets accounted for using the equity method	18,578	18,578	169	206	0	0	4,540	51,065	41,141	39,341	64,428	109,189
Other income	1,565	1,204	23,334	10,814	2,540	12,897	194,271	157,683	–29,351	–5,340	192,359	177,258
Reclassification of technical interest income	–300,108	–309,474	–31,130	–26,112	0	0	0	0	0	0	–331,238	–335,586
Other expenses	–11,470	–14,739	–15,400	–39,724	–5,544	–4,298	–186,557	–153,378	27,952	2,457	–191,019	–209,683
Non-technical result	114,113	95,312	38,392	26,699	26,446	32,092	363,997	314,118	–287,601	–251,202	255,346	217,018

Operating profit/(loss)	195,495	258,710	78,136	60,283	36,412	23,788	321,532	249,833	–276,703	–242,522	354,872	350,092
Amortisation of goodwill and impairment losses	–1,786	–1,913	–2,777	–761	0	0	0	0	0	0	–4,562	–2,674
Finance cost	–25,102	–25,080	–4,743	–4,410	–2,901	–2,900	–66,511	–64,201	44,614	43,792	–54,643	–52,800
Earnings before taxes	168,608	231,716	70,617	55,112	33,511	20,888	255,021	185,632	–232,089	–198,730	295,667	294,618

Combined ratio (property and casualty insurance, after reinsurance)	93.9%	91.6%	95.0%	95.5%	97.4%	99.6%	n/a	n/a	n/a	n/a	96.4%	96.8%
Cost ratio (after reinsurance)	20.8%	18.6%	38.3%	35.6%	29.5%	30.4%	n/a	n/a	n/a	n/a	27.2%	25.9%