31. Relationships with related companies and persons

Companies in the UNIQA Group maintain various relationships with related companies and persons.

Related companies refer to companies which exercise either a controlling or a significant influence on UNIQA. The group of related companies also includes the non-consolidated subsidiaries, and joint ventures of UNIQA.

Related persons include the members of management holding key positions along with their close family members. This covers in particular the members of management in key positions at those companies which exercise either a controlling or a significant influence on the UNIQA Group, along with their close family members.

Transactions and balances with related companies

In € thousand

Companies with significant influence on UNIQA Group

Affiliated but not consolidated companies

Associated companies of UNIQA Group

Other related parties

Total

Transactions in 2019

 

 

 

 

 

Premiums written (gross)

897

52

1,232

49,371

51,551

Income from investments

8,583

526

22,785

5,313

37,207

Expenses from investments

–929

0

0

–2,078

–3,007

Other income

164

7,487

1,953

555

10,159

Other expenses

–3,265

–8,841

–2,674

–38,896

–53,675

 

 

 

 

 

 

At 31 December 2019

 

 

 

 

 

Investments

211,065

29,901

644,941

45,172

931,078

Cash and cash equivalents

301,093

0

0

235,372

536,465

Receivables, including insurance receivables

27

2,727

39

3,752

6,545

Liabilities and other items classified as liabilities

0

906

245

4,399

5,550

In € thousand

Companies with significant influence on UNIQA Group

Affiliated but not consolidated companies

Associated companies of UNIQA Group

Other related parties

Total

Transactions in 2018

 

 

 

 

 

Premiums written (gross)

2,079

357

1,725

55,329

59,491

Income from investments

3,358

570

20,705

6,238

30,871

Expenses from investments

–1,047

0

0

–1,396

–2,444

Other income

117

6,687

1,944

330

9,078

Other expenses

–1

–7,831

–2,733

–23,031

–33,596

 

 

 

 

 

 

At 31 December 2018

 

 

 

 

 

Investments

225,221

13,393

653,388

46,367

938,369

Cash and cash equivalents

1,160,656

0

0

152,130

1,312,786

Receivables, including insurance receivables

13

2,129

67

4,685

6,894

Financial liabilities

772,196

0

0

0

772,196

Liabilities and other items classified as liabilities

273

751

196

5,183

6,403

Transactions with related persons

In € thousand

1–12/2019

1–12/2018

1)

This item includes fixed and variable Management Board remuneration paid in the financial year and remuneration of the Supervisory Board.

529

505

Salaries and short-term benefits1)

–5,382

–4,711

Pension expenses

–1,420

–940

Compensation on termination of employment contract

–158

–151

Expenditures for share-based payments

–1,255

–1,112

Other income

213

228

Associates
Associates are all the entities over which UNIQA has significant influence but does not exercise control or joint control over their financial and operating policies. This is generally the case as soon as there is a voting share of between 20 and 50 per cent or a comparable significant influence is guaranteed legally or in practice via other contractual regulations.
Gross (premiums written)
The gross (premiums written) includes details on the items in the balance sheet and the income statement, excluding the proportion from reinsurance.