Operating segments – classified by business line

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Property and casualty insurance
In € thousand	UNIQA Austria		UNIQA International		Reinsurance		Group functions		Consolidation		Group
In € thousand	1–12/2023	1–12/2022 restated	1–12/2023	1–12/2022 restated	1–12/2023	1–12/2022 restated	1–12/2023	1–12/2022 restated	1–12/2023	1–12/2022 restated	1–12/2023	1–12/2022 restated
Technical result
Insurance revenue	2,118,482	1,970,364	1,843,347	1,579,077	1,099,964	989,062	0	0	–1,055,525	–990,666	4,006,268	3,547,836
Insurance service expenses	–1,954,355	–1,862,579	–1,576,997	–1,359,891	–1,022,625	–892,580	0	0	973,211	860,750	–3,580,765	–3,254,299
Technical result from reinsurance	–38,366	–34,941	–112,562	–119,339	–60,578	–9,977	0	0	73,469	126,655	–138,036	–37,601
	125,762	72,844	153,789	99,847	16,761	86,506	0	0	–8,844	–3,261	287,467	255,936
Financial result
Net investment income
Income from investments	145,808	168,725	118,207	98,681	128,767	55,839	517,020	533,263	–520,864	–492,764	388,937	363,744
Expenses from investments	–27,602	–168,442	–54,724	–80,597	–28,194	–100,905	–125,432	–243,709	8,641	194,916	–227,312	–398,738
Financial assets accounted for using the equity method	451	451	0	291	0	0	1,693	44	9,665	10,861	11,810	11,647
	118,657	734	63,483	18,375	100,573	–45,066	393,281	289,598	–502,558	–286,987	173,435	–23,347
Financial result from insurance contracts	–13,963	8,305	–44,421	–28,652	–42,793	1,350	0	0	20,434	–1,271	–80,742	–20,267
Financial result from reinsurance contracts	8,922	–2,273	18,647	13,670	2,496	518	0	0	–21,375	–7,353	8,689	4,562
	113,616	6,767	37,708	3,393	60,275	–43,198	393,281	289,598	–503,498	–295,611	101,383	–39,052

Non-technical result
Other income	10,664	3,267	21,173	17,170	4,322	1,765	39,441	42,776	29,160	11,920	104,760	76,898
Other expenses	–56,320	–42,817	–74,173	–57,500	–4,944	–2,893	–60,848	–58,508	–27,518	–60,128	–223,804	–221,846
	–45,656	–39,550	–53,000	–40,330	–621	–1,128	–21,408	–15,732	1,641	–48,208	–119,044	–144,948

Operating profit/(loss)	193,722	40,060	138,497	62,910	76,415	42,180	371,874	273,866	–510,702	–347,079	269,806	71,936
Amortisation of VBI and impairment of goodwill	0	0	–6,982	–10,442	0	0	0	0	0	0	–6,982	–10,442
Finance cost	–14,273	–11,394	–6,129	–4,500	–5,367	–2,901	–65,421	–60,873	39,844	27,692	–51,346	–51,978
Earnings before taxes	179,449	28,666	125,386	47,968	71,048	39,279	306,453	212,992	–470,858	–319,387	211,478	9,517

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Health insurance
In € thousand	UNIQA Austria		UNIQA International		Reinsurance		Group functions		Consolidation		Group
In € thousand	1–12/2023	1–12/2022 restated	1–12/2023	1–12/2022 restated	1–12/2023	1–12/2022 restated	1–12/2023	1–12/2022 restated	1–12/2023	1–12/2022 restated	1–12/2023	1–12/2022 restated
Technical result
Insurance revenue	1,119,423	1,033,168	115,313	106,577	1,929	–1,052	0	0	–1,915	1,052	1,234,749	1,139,745
Insurance service expenses	–1,013,562	–949,205	–96,640	–89,299	–1,174	–793	0	0	1,124	782	–1,110,251	–1,038,515
Technical result from reinsurance	–1,734	–2,300	–796	–274	–494	0	0	0	509	3,193	–2,514	620
	104,127	81,663	17,877	17,004	261	–1,845	0	0	–282	5,028	121,984	101,850
Financial result
Net investment income
Income from investments	291,641	250,205	504	336	0	0	143,912	200,648	–124,796	–127,139	311,262	324,049
Expenses from investments	–132,080	–309,204	–75	–61	0	0	–112,929	–230,928	16,649	196,459	–228,436	–343,734
Financial assets accounted for using the equity method	11,923	11,923	0	0	0	0	0	0	16,976	25,944	28,899	37,867
	171,484	–47,076	429	275	0	0	30,983	–30,280	–91,171	95,264	111,725	18,182
Financial result from insurance contracts	–172,973	45,251	–685	–376	–36	–4	0	0	42,837	–77,379	–130,857	–32,509
Financial result from reinsurance contracts	4	440	56	22	6	–358	0	0	0	–75	67	29
	–1,485	–1,386	–200	–80	–30	–362	30,983	–30,280	–48,334	17,810	–19,065	–14,298

Non-technical result
Other income	5,805	837	4,533	3,663	0	0	180,644	162,743	–2,447	–1,316	188,535	165,927
Other expenses	–40,751	–20,249	–8,315	–6,644	0	–167	–197,654	–171,587	–30	1,074	–246,750	–197,573
	–34,946	–19,412	–3,781	–2,981	0	–167	–17,010	–8,844	–2,477	–242	–58,215	–31,647

Operating profit/(loss)	67,696	60,865	13,896	13,944	231	–2,374	13,973	–39,124	–51,093	22,596	44,704	55,906
Finance cost	–3	0	0	–1	0	0	–564	–15	0	–114	–567	–130
Earnings before taxes	67,693	60,865	13,896	13,943	231	–2,374	13,409	–39,139	–51,093	22,482	44,137	55,776

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Life insurance
In € thousand	UNIQA Austria		UNIQA International		Reinsurance		Group functions		Consolidation		Group
In € thousand	1–12/2023	1–12/2022 restated	1–12/2023	1–12/2022 restated	1–12/2023	1–12/2022 restated	1–12/2023	1–12/2022 restated	1–12/2023	1–12/2022 restated	1–12/2023	1–12/2022 restated
Technical result
Insurance revenue	281,080	237,211	471,221	422,052	22,913	27,414	0	0	–22,094	–27,361	753,119	659,316
Insurance service expenses	–228,155	–109,678	–364,100	–333,794	–29,697	–44,760	0	0	21,974	36,563	–599,978	–451,669
Technical result from reinsurance	6,597	9,857	–9,155	–9,306	5,574	4,666	0	0	–3,361	–6,601	–344	–1,384
	59,522	137,391	97,966	78,952	–1,210	–12,681	0	0	–3,482	2,601	152,797	206,263
Financial result
Net investment income
Income from investments	450,192	326,877	68,957	52,459	270	296	84,515	45,903	–173,862	–27,514	430,072	398,021
Expenses from investments	–114,370	–192,205	–25,141	–56,172	0	0	–38,891	–27,532	6,078	2,720	–172,324	–273,188
Financial assets accounted for using the equity method	16,207	16,207	0	0	0	0	2,696	2,740	27,020	41,227	45,923	60,174
	352,029	150,879	43,815	–3,713	270	296	48,320	21,112	–140,764	16,433	303,670	185,007
Net investment income from unit-linked and index-linked life insurance
Income from unit-linked and index-linked life insurance investments	211,114	35,749	179,972	92,656	0	0	0	0	0	0	391,086	128,405
Expenses from unit-linked and index-linked life insurance investments	–31,559	–431,054	–53,492	–189,895	0	0	0	0	0	0	–85,050	–620,949
	179,555	–395,305	126,481	–97,239	0	0	0	0	0	0	306,036	–492,544
Financial result from insurance contracts	–502,314	252,601	–143,160	80,101	–36	77	0	0	103,651	–21,729	–541,859	311,050
Financial result from reinsurance contracts	69	–24	–106	–62	59	–104	0	0	53	86	75	–104
	29,339	8,151	27,030	–20,912	293	269	48,320	21,112	–37,060	–5,210	67,923	3,409

Non-technical result
Other income	2,273	1,927	115,172	67,616	7	107	14,852	10,920	10,492	33,345	142,797	113,916
Other expenses	–22,607	–12,550	–128,102	–78,598	–52	–53	–27,247	–19,082	6,036	11,241	–171,972	–99,042
	–20,334	–10,622	–12,930	–10,982	–44	55	–12,395	–8,162	16,528	44,586	–29,175	14,875

Operating profit/(loss)	68,527	134,920	112,067	47,058	–961	–12,358	35,925	12,949	–24,013	41,977	191,545	224,547
Amortisation of VBI and impairment of goodwill	0	0	–21,277	–17,490	0	0	0	0	0	0	–21,277	–17,490
Finance cost	–17,165	–43,828	–398	–375	0	0	649	–39	17,402	44,219	489	–22
Earnings before taxes	51,362	91,092	90,392	29,193	–961	–12,358	36,575	12,911	–6,611	86,196	170,757	207,035

Group Report 2023

Operating segments – classified by business line

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