7. Premiums

The item – gross” includes those amounts that have been called due either once or on an ongoing basis in the financial year for the purposes of providing the insurance coverage. In the event of payment in instalments, written are increased by the charges added during the year and the ancillary charges in line with the tariffs. In the case of unit-linked and index-linked life insurance, only the premiums decreased by the savings portion are stated in the item .

Premiums

In € thousand

1–12/2019

1–12/2018

Premiums written – gross

5,062,785

4,988,955

Premiums written – reinsurer’s share

–175,330

–191,957

Premiums written – net

4,887,455

4,796,998

Change in premiums earned – gross

–28,063

–38,876

Change in premiums earned – reinsurers’ share

1,679

2,623

Premiums earned

4,861,071

4,760,744

Direct insurance

In € thousand

1–12/2019

1–12/2018

Property and casualty insurance

2,806,564

2,731,141

Health insurance

1,127,991

1,081,893

Life insurance

1,081,627

1,119,394

Total

5,016,182

4,932,428

 

 

 

Of which:

 

 

Austria

3,573,023

3,503,782

remaining EU member states and other states which are party to the Agreement on the European Economic Area

1,081,618

1,087,462

other countries

361,541

341,184

Total

5,016,182

4,932,428

Indirect insurance

In € thousand

1–12/2019

1–12/2018

Property and casualty insurance

40,219

43,294

Health insurance

2,830

4,551

Life insurance

3,553

8,682

Total

46,602

56,527

Property and casualty insurance premiums written

In € thousand

1–12/2019

1–12/2018

Direct insurance

 

 

Fire and business interruption insurance

252,819

254,239

Liability insurance

260,012

255,031

Household insurance

195,086

191,159

Motor TPL insurance

604,372

600,528

Legal expense insurance

96,687

91,288

Marine, aviation and transport insurance

67,244

66,412

Other motor insurance

573,887

549,919

Other property insurance

288,910

272,899

Other forms of insurance

79,056

74,762

Casualty insurance

388,491

374,904

Total

2,806,564

2,731,141

 

 

 

Indirect insurance

 

 

Fire and business interruption insurance

19,566

25,860

Motor TPL insurance

5,580

5,408

Other forms of insurance

15,072

12,026

Total

40,219

43,294

Total direct and indirect insurance (amount consolidated)

2,846,783

2,774,435

Reinsurance premiums ceded

In € thousand

1–12/2019

1–12/2018

Property and casualty insurance

146,668

157,498

Health insurance

2,557

3,611

Life insurance

26,106

30,848

Total

175,330

191,957

Premiums earned

In € thousand

1–12/2019

1–12/2018

Property and casualty insurance

2,678,436

2,584,079

Gross

2,822,991

2,738,915

Reinsurers’ share

–144,555

–154,836

Health insurance

1,123,027

1,080,339

Gross

1,126,022

1,083,991

Reinsurers’ share

–2,994

–3,651

Life insurance

1,059,607

1,096,326

Gross

1,085,708

1,127,174

Reinsurers’ share

–26,102

–30,848

Total

4,861,071

4,760,744

Premiums earned – indirect insurance

In € thousand

1–12/2019

1–12/2018

Recognised simultaneously

19,464

15,016

Recognised with a delay of up to 1 year

–18,218

–1,233

Posted after more than 1 year

140

462

Property and casualty insurance

1,386

14,245

Recognised simultaneously

4,015

2,283

Recognised with a delay of up to 1 year

23

2,269

Health insurance

4,038

4,551

Recognised simultaneously

–5,570

–9,334

Recognised with a delay of up to 1 year

–128

–3,417

Life insurance

–5,698

–12,751

Total

–274

6,045

Earnings – indirect insurance

In € thousand

1–12/2019

1–12/2018

Property and casualty insurance

62,763

–23,163

Health insurance

13,405

661

Life insurance

17,499

4,903

Total

93,667

–17,600

Premiums written
All premiums due during the financial year arising from insurance contracts under direct insurance business, regardless of whether these premiums relate (either wholly or partially) to a later financial year. This involves (net) premiums written when reduced by the amount ceded to reinsurance companies.
Premiums
Total premiums written. All premiums from contracts written in the financial year from business acquired by the company directly and as inward reinsurance.
Premiums written
All premiums due during the financial year arising from insurance contracts under direct insurance business, regardless of whether these premiums relate (either wholly or partially) to a later financial year. This involves (net) premiums written when reduced by the amount ceded to reinsurance companies.