7. Premiums

The item “Premiums written – 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, premiums 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 written”.

Premiums

In € thousand

1 – 12/2022

1 – 12/2021

Premiums written – gross

6,270,232

6,033,405

Premiums written – reinsurer’s share

–261,452

–266,794

Premiums written – net

6,008,780

5,766,610

Change in premiums earned – gross

–62,782

–36,181

Change in premiums earned – reinsurers’ share

3,239

–32,857

Premiums earned

5,949,236

5,697,572

Direct insurance

In € thousand

1 – 12/2022

1 – 12/2021

Property and casualty insurance

3,606,268

3,420,488

Health insurance

1,272,617

1,218,993

Life insurance

1,300,413

1,308,767

Total

6,179,297

5,948,249

 

 

 

Of which:

 

 

Austria

3,832,874

3,683,416

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

2,002,526

1,901,728

Other countries

343,897

363,106

Total

6,179,297

5,948,249

Indirect insurance

In € thousand

1 – 12/2022

1 – 12/2021

Property and casualty insurance

79,753

69,044

Health insurance

4,718

7,465

Life insurance

6,464

8,647

Total

90,935

85,156

Property and casualty insurance premiums written

In € thousand

1 – 12/2022

1 – 12/2021

Direct insurance

 

 

Fire and business interruption insurance

329,774

291,938

Liability insurance

337,255

312,973

Household insurance

258,234

238,533

Motor TPL insurance

866,885

871,813

Legal expense insurance

107,304

102,339

Marine, aviation and transport insurance

88,312

81,662

Other motor insurance

710,668

683,252

Other property insurance

379,920

334,134

Other forms of insurance

105,989

96,724

Casualty insurance

421,926

407,121

Total

3,606,268

3,420,488

 

 

 

Indirect insurance

 

 

Fire and business interruption insurance

29,086

25,030

Motor TPL insurance

4,724

5,459

Other forms of insurance

45,942

38,555

Total

79,753

69,044

Total direct and indirect insurance (amount consolidated)

3,686,021

3,489,533

Reinsurance premiums ceded

In € thousand

1 – 12/2022

1 – 12/2021

Property and casualty insurance

219,195

225,376

Health insurance

5,489

4,937

Life insurance

36,768

36,481

Total

261,452

266,794

Premiums earned

In € thousand

1 – 12/2022

1 – 12/2021

Property and casualty insurance

3,408,893

3,203,865

Gross

3,624,771

3,462,699

Reinsurers’ share

–215,878

–258,835

Health insurance

1,269,545

1,213,262

Gross

1,275,098

1,217,624

Reinsurers’ share

–5,553

–4,363

Life insurance

1,270,799

1,280,446

Gross

1,307,581

1,316,900

Reinsurers’ share

–36,782

–36,454

Total

5,949,236

5,697,572

Premiums earned – indirect insurance

In € thousand

1 – 12/2022

1 – 12/2021

Recognised simultaneously

64,018

56,035

Recognised with a delay of up to 1 year

1,785

226

Posted after more than 1 year

124

127

Property and casualty insurance

65,926

56,388

Recognised simultaneously

4,692

5,829

Recognised with a delay of up to 1 year

27

1,641

Health insurance

4,719

7,470

Recognised simultaneously

6,328

8,408

Recognised with a delay of up to 1 year

137

150

Posted after more than 1 year

0

89

Life insurance

6,464

8,647

Total

77,110

72,504

Earnings – indirect insurance

In € thousand

1 – 12/2022

1 – 12/2021

Property and casualty insurance

954

3,218

Health insurance

1,462

2,529

Life insurance

–1,379

–2,738

Total

1,037

3,009

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.
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