Group Financial Statements

Consolidated Income Statement
from 1 January until 31 December 2021

In € thousand

Notes

1–12/2021

1–12/2020

Premiums earned (net)

7

 

 

Gross

 

5,997,224

5,231,531

Reinsurers’ share

 

–299,652

–201,992

 

 

5,697,572

5,029,539

Technical interest income

 

318,949

322,125

Other insurance income

 

 

 

Gross

 

27,973

41,302

Reinsurers’ share

 

308

368

 

 

28,281

41,669

Insurance benefits

8

 

 

Gross

 

–4,365,526

–3,819,752

Reinsurers’ share

 

261,323

125,174

 

 

–4,104,204

–3,694,579

Operating expenses

9

 

 

Expenses for the acquisition of insurance

 

–1,052,751

–953,377

Other operating expenses

 

–619,362

–631,546

Reinsurance commission and share of profit from reinsurance ceded

 

23,586

18,524

 

 

–1,648,527

–1,566,399

Other technical expenses

 

 

 

Gross

 

–79,555

–49,830

Reinsurers’ share

 

–3,319

–4,232

 

 

–82,874

–54,061

Technical result

 

209,197

78,295

 

 

 

 

Net investment income

4

 

 

Income from investments

 

835,058

773,686

Expenses from investments

 

–268,193

–333,965

Financial assets accounted for using the equity method

 

81,087

65,689

 

 

647,951

505,409

Other income

28

300,381

216,548

Reclassification of technical interest income

 

–318,949

–322,125

Other expenses

29

–250,619

–230,497

Non-technical result

 

378,765

169,335

 

 

 

 

Operating profit/(loss)

 

587,962

247,631

Amortisation of VBI and impairment of goodwill

10, 11

–70,911

–125,817

Finance cost

 

–134,762

–64,758

Earnings before taxes

 

382,289

57,056

Income taxes

15

–64,385

–32,775

Profit/(loss) for the period

 

317,904

24,281

of which attributable to shareholders of UNIQA Insurance Group AG

 

314,696

19,405

of which attributable to non-controlling interests

 

3,207

4,876

 

 

 

 

Earnings per share (in €)1)

 

1.03

0.06

Average number of shares in circulation

 

306,965,261

306,965,261

1)

Diluted earnings per share equate to undiluted earnings per share. This is calculated on the basis of the consolidated profit/(loss).