8. 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 .

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In € thousand

1–12/2020

1–12/2019

– gross

5,261,224

5,062,785

Premiums written – reinsurer’s share

–190,549

–175,330

– net

5,070,675

4,887,455

Change in – gross

–29,693

–28,063

Change in earned – reinsurers’ share

–11,443

1,679

5,029,539

4,861,071

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In € thousand

1–12/2020

1–12/2019

Property and casualty insurance

2,952,952

2,806,564

Health insurance

1,164,558

1,127,991

Life insurance

1,079,697

1,081,627

Total

5,197,208

5,016,182

 

 

 

Of which:

 

 

Austria

3,613,820

3,573,023

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

1,254,479

1,081,618

other countries

328,909

361,541

Total

5,197,208

5,016,182

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Indirect insurance

In € thousand

1–12/2020

1–12/2019

Property and casualty insurance

57,375

40,219

Health insurance

2,996

2,830

Life insurance

3,646

3,553

Total

64,016

46,602

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Property and casualty insurance premiums written

In € thousand

1–12/2020

1–12/2019

Direct insurance

 

 

Fire and business interruption insurance

273,683

252,819

Liability insurance

275,426

260,012

Household insurance

209,275

195,086

Motor TPL insurance

671,080

604,372

Legal expense insurance

99,178

96,687

Marine, aviation and transport insurance

62,908

67,244

Other motor insurance

587,090

573,887

Other property insurance

299,740

288,910

Other forms of insurance

73,040

79,056

Casualty insurance

401,532

388,491

Total

2,952,952

2,806,564

 

 

 

Indirect insurance

 

 

Fire and business interruption insurance

27,268

19,566

Motor TPL insurance

7,123

5,580

Other forms of insurance

22,983

15,072

Total

57,375

40,219

Total direct and indirect insurance (amount consolidated)

3,010,327

2,846,783

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In € thousand

1–12/2020

1–12/2019

Property and casualty insurance

161,744

146,668

Health insurance

2,596

2,557

Life insurance

26,209

26,106

Total

190,549

175,330

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Premiums earned

In € thousand

1–12/2020

1–12/2019

Property and casualty insurance

2,808,954

2,678,436

Gross

2,982,095

2,822,991

Reinsurers’ share

–173,141

–144,555

Health insurance

1,163,614

1,123,027

Gross

1,166,261

1,126,022

Reinsurers’ share

–2,648

–2,994

Life insurance

1,056,972

1,059,607

Gross

1,083,175

1,085,708

Reinsurers’ share

–26,203

–26,102

Total

5,029,539

4,861,071

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Premiums earned – indirect insurance

In € thousand

1–12/2020

1–12/2019

Recognised simultaneously

51,926

36,379

Recognised with a delay of up to 1 year

2,976

3,059

Posted after more than 1 year

108

140

Property and casualty insurance

55,009

39,579

Recognised simultaneously

2,990

2,807

Recognised with a delay of up to 1 year

6

23

Health insurance

2,996

2,830

Recognised simultaneously

3,405

3,178

Recognised with a delay of up to 1 year

240

375

Life insurance

3,646

3,553

Total

61,651

45,962

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Earnings – indirect insurance

In € thousand

1–12/2020

1–12/2019

Property and casualty insurance

8,533

3,721

Health insurance

–111

–126

Life insurance

–1,900

–3,218

Total

6,522

378

The effects of Covid-19

After adjustment for the of the acquired AXA companies, premium volumes fell slightly overall compared with the previous year due to Covid-19. While premium volumes decreased slightly in the UNIQA International segment, a slight increase was recorded in the UNIQA Austria segment despite Covid-19.

In property and casualty insurance, the marine, aviation and transport insurance business lines as well as other insurance lines recorded a slight decline in premiums as a result of Covid-19.

No impact was observed in the health and life insurance business lines that could be clearly attributed to Covid-19.

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.
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.
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 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.
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 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.
Direct insurance/insurance business acquired with the company itself
This relates to those contracts that a direct insurer enters into with private individuals or companies. The opposite of this is insurance acquired as a reinsurer (indirect business) for business acquired from another primary insurer or a reinsurer.
Reinsurance premiums ceded
Proportion of premiums to which the reinsurer is entitled as a result of assuming certain risks within the scope of reinsurance coverage.
Premiums
Total premiums written. All premiums from contracts written in the financial year from business acquired by the company directly and as inward reinsurance.