UNIQA International – classified by region

In € thousand	Premiums earned (net)		Net investment income		Insurance benefits		Operating expenses		Earnings before taxes
In € thousand	1–12/2020	1–12/2019	1–12/2020	1–12/2019	1–12/2020	1–12/2019	1–12/2020	1–12/2019	1–12/2020	1–12/2019 adjusted
Poland	264,324	167,831	15,551	9,543	–162,139	–99,535	–112,662	–60,215	4,184	15,010
Slovakia	89,735	89,432	3,197	3,311	–45,321	–47,675	–41,405	–37,874	5,364	5,247
Czech Republic	246,685	183,097	7,754	7,372	–144,319	–107,601	–72,298	–59,459	33,325	22,499
Hungary	73,985	75,540	6,023	4,790	–20,733	–23,609	–30,571	–33,371	8,632	6,263
Central Europe (CE)	674,728	515,901	32,525	25,015	–372,512	–278,420	–256,935	–190,919	51,506	49,019
Romania	53,743	55,246	4,901	4,308	–29,598	–18,212	–24,954	–35,897	–58,218	–31,900
Ukraine	84,936	90,442	10,598	1,144	–34,116	–37,423	–44,386	–47,646	14,166	6,687
Eastern Europe (EE)	138,679	145,688	15,499	5,452	–63,714	–55,636	–69,339	–83,543	–44,052	–25,213
Russia	70,253	87,098	37,525	6,557	–54,919	–69,211	–13,394	–16,413	20,178	19,480
Russia (RU)	70,253	87,098	37,525	6,557	–54,919	–69,211	–13,394	–16,413	20,178	19,480
Albania	31,367	34,400	661	432	–10,971	–14,959	–14,640	–16,356	244	1,227
Bosnia and Herzegovina	27,670	28,895	2,481	4,848	–16,834	–19,109	–11,345	–11,431	1,683	1,394
Bulgaria	37,058	46,499	1,065	1,534	–12,387	–24,052	–20,960	–19,973	–14,855	–15,724
Kosovo	11,541	11,693	271	203	–7,152	–6,387	–4,712	–5,270	100	255
Croatia	49,241	49,240	11,696	13,967	–34,289	–34,989	–21,007	–20,939	1,813	8,079
Montenegro	10,241	10,830	684	787	–5,060	–5,686	–4,657	–5,139	965	501
North Macedonia	14,360	13,647	342	356	–6,721	–7,187	–7,304	–6,896	581	–498
Serbia	37,036	39,470	3,958	3,592	–22,222	–25,096	–16,841	–15,292	–20,232	2,007
Southeastern Europe (SEE)	218,515	234,673	21,158	25,718	–115,638	–137,465	–101,467	–101,296	–29,701	–2,761
Liechtenstein	1,206	1,189	64	16	–1,313	–824	–1,385	–2,050	–789	–1,585
Switzerland	0	0	–31	–21	0	0	0	0	310	169
Western Europe (WE)	1,206	1,189	33	–6	–1,313	–824	–1,385	–2,050	–479	–1,417
Austria	0	0	–655	–1,150	0	0	–23,832	–20,659	–24,488	–23,092
Administration	0	0	–655	–1,150	0	0	–23,832	–20,659	–24,488	–23,092
UNIQA International	1,103,382	984,549	106,084	61,587	–608,096	–541,556	–466,354	–414,880	–27,036	16,017
Of which:
Earnings before taxes insurance companies									–2,859	38,940
Impairment of goodwill									–105,752	–56,653

Premiums earned

The actuarial premiums earned that determine the income for the year. In order to determine these, the changes to the unearned premiums, the cancellation provisions and the premium volume not yet written are taken into account, along with the gross premium volume written attributable to the financial year.

Insurance benefits

Total of insurance benefit payments and changes in the claims provision during the financial year in connection with direct insurance and reinsurance contracts (gross). This involves net insurance benefits when reduced by the amount ceded to reinsurance companies. This does not include claims settlement expenses and changes in the provisions for claims settlement expenses.

Operating expenses

This item includes acquisition expenses, portfolio management expenses and the expenses for implementing reinsurance. The operating expenses remain for the company’s own account following deduction of the commissions and profit participation received from the reinsurance business ceded.