32. 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, associates 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.

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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 2020
Premiums written (gross)	966	34	1,238	21,151	23,389
Income from investments	1,695	566	14,116	4,299	20,677
Expenses from investments	–1,647	0	0	–2,491	–4,138
Other income	157	7,384	1,922	385	9,847
Other expenses	–2,574	–8,886	–2,092	–25,576	–39,128

At 31 December 2020
Investments	182,630	16,270	689,036	47,409	935,345
Cash and cash equivalents	293,184	0	0	45,422	338,606
Receivables, including insurance receivables	112	10,161	1	3,687	13,961
Liabilities and other items classified as liabilities	0	4,222	135	5,133	9,489

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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

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Transactions with related persons

In € thousand

1–12/2020

1–12/2019

Premiums written (gross)

898

529

Salaries and short-term benefits¹⁾

–4,915

–5,382

Pension expenses

–2,015

–1,420

Compensation on termination of employment contract

–174

–158

Expenditures for share-based payments

–1,255

Other income

275

213

Other expenses

–144

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

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.

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.

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.