21 | Provision for premium refunds

		31 Dec. 2007 € 000	31 Dec. 2006 € 000
Property and casualty insurance
Gross		33,271	35,413
Reinsurers’ share		–365	–315
		32,906	35,098
Health insurance
Gross		81,103	77,984
Reinsurers’ share		0	0
		81,103	77,984
Life insurance
Gross		323,653	687,278
Reinsurers’ share		–100	–100
		323,553	687,178
Consolidated financial statements
Gross		438,027	800,674
Reinsurers’ share		–465	–415
Total (fully consolidated values)		437,562	800,260
	of which profit-unrelated (retention)	47,865	47,712
	of which profit-related (retention)	389,696	752,547

Group total		31 Dec. 2007 € 000	31 Dec. 2006 € 000
a)	Provision for profit-unrelated premium refunds	48,231	48,027
	of which property and casualty insurance	25,957	27,222
	of which health insurance	22,199	20,793
	of which life insurance	75	13
b)	Provision for profit-related premium refunds and/or policyholder profit participation	271,588	339,138
	of which property and casualty insurance	7,315	8,191
	of which health insurance	58,904	57,191
	of which life insurance	205,370	273,755
	Deferred profit participation	118,208	413,510
Total (fully consolidated values)		438,027	800,674

Group total		2007 € 000	2006 € 000
a)	Provision for profit-unrelated premium refunds, profit-related premium refunds and policyholder profit participation
	Situation as at 1 Jan.	387,165	329,333
	Changes for: Other changes	–67,346	57,832
Situation as at 31 Dec.		319,819	387,165
b)	Deferred profit participation
	Situation as at 1 Jan.	413,510	577,803
	Changes for:
	Fluctuation in value, securities available for sale	–348,570	-153,744
	Revaluations affecting income	53,268	-10,550
Situation as at 31 Dec.		118,208	413,510

22 | Actuarial provisions (part a)

Gross Property and casualty insurance As at 31 Dec. 2006 Exchange rate differences Changes in consolidation scope Portfolio changes Additions Disposals Premiums written Premiums earned Claims in reporting year Claims payments in reporting year Change in claims from previous years Claims payments in previous years As at 31 Dec. 2007 Health insurance As at 31 Dec. 2006 Exchange rate differences Changes in consolidation scope Portfolio changes Additions Disposals Premiums written Premiums earned Claims in reporting year Claims payments in reporting year Change in claims from previous years Claims payments in previous years As at 31 Dec. 2007 Life insurance As at 31 Dec. 2006 Exchange rate differences Changes in consolidation scope Portfolio changes Additions Disposals Claims in reporting year Claims payments in reporting year Change in claims from previous years Claims payments in previous years As at 31 Dec. 2007 Group total As at 31 Dec. 2006 Exchange rate differences Changes in consolidation scope Portfolio changes Additions Disposals Premiums written Premiums earned Claims in reporting year Claims payments in reporting year Change in claims from previous years Claims payments in previous years As at 31 Dec. 2007

Unearned premiums € 000 Actuarial provision € 000 Provision for outstanding claims € 000 Provision for profit-unrelated premium refunds € 000 Provision for profit-related premium refunds and/or policyholder profit participation € 000 Other actuarial provisions € 000 Group total € 000 374,948 44,800 1,770,641 27,222 8,191 22,494 2,248,295 5,575 –7 8,886 –39 2 208 14,626 3,840 1,720 5,560 9,658 –1,771 7,887 495 825 74 341 1,735 –562 –2,052 –952 –3,069 –6,634 1,640,949 1,640,949 –1,618,452 –1,618,452 1,468,383 1,468,383 –743,106 –743,106 –45,126 –45,126 –538,255 –538,255 416,518 44,727 1,921,373 25,957 7,315 19,974 2,435,863 15,039 1,974,470 151,484 20,793 57,191 5,916 2,224,894 –42 6 16 –19 57 607 665 –2,235 –536   –2,771 140,110 2,548 5,397 25 148,080 –13,890 –1,142 –3,685 –5,248 –23,964 762,748 762,748 –762,101 –762,101 618,367 618,367 –502,431 –502,431 327 327 –115,450 –115,450 13,467 2,100,697 152,385 22,199 58,904 694 2,348,345 0 12,923,203 100,756 13 687,265 15,051 13,726,288 2,111 108 –14 8 2,212 60 60 –113,344 221 183 151 –112,790 282,135 63 –223,441 2,815 61,572 –72,888 –140,415 –202 –213,505 1,624,940 1,624,940 –1,536,891   –1,536,891 25,669   25,669 –96,891 –96,891 0 13,021,276 117,913 75 323,578 17,824 13,480,666 389,987 14,942,474 2,022,881 48,027 752,647 43,461 18,199,478 5,533 2,111 9,010 –39 -13 216 16,818 3,897 60 2,327   6,284 7,422 –113,344 –2,086 183 152 –107,674 422,740 3,436 –217,969 3,181 211,387 –87,340 –3,193 –145,051 –8,519 –244,103 2,403,697 2,403,697 –2,380,553 –2,380,553 3,711,691 3,711,691 –2,782,428 –2,782,428 –19,130 –19,130 –750,595 –750,595 429,985 15,166,700 2,191,670 48,231 389,797 38,491 18,264,873

Reinsurers’ share Property and casualty insurance As at 31 Dec. 2006 Exchange rate differences Changes in consolidation scope Portfolio changes Additions Disposals Premiums written Premiums earned Claims in reporting year Claims payments in reporting year Change in claims from previous years Claims payments in previous years As at 31 Dec. 2007 Health insurance As at 31 Dec. 2006 Exchange rate differences Changes in consolidation scope Portfolio changes Additions Disposals Premiums written Premiums earned Claims in reporting year Claims payments in reporting year Change in claims from previous years Claims payments in previous years As at 31 Dec. 2007 Life insurance As at 31 Dec. 2006 Exchange rate differences Changes in consolidation scope Portfolio changes Additions Disposals Claims in reporting year Claims payments in reporting year Change in claims from previous years Claims payments in previous years As at 31 Dec. 2007 Group total As at 31 Dec. 2006 Exchange rate differences Changes in consolidation scope Portfolio changes Additions Disposals Premiums written Premiums earned Claims in reporting year Claims payments in reporting year Change in claims from previous years Claims payments in previous years As at 31 Dec. 2007

Unearned premiums € 000 Actuarial provision € 000 Provision for outstanding claims € 000 Provision for profit-unrelated premium refunds € 000 Provision for profit-related premium refunds and/or policyholder profit participation € 000 Other actuarial provisions € 000 Group total € 000               30,951 251 312,033 315 2,761 346,393 123 –2 1,271 5 1,382       –27,004 –2,996 –29,999   51 584 635 –4   –208 –213 283,402 283,402 –279,642 –279,642 186,134 186,134 –100,347 –100,347 28,126 28,126 –85,061 –85,061 7,830 244 339,161 365 0 3,209 350,810 80 1,842 759 2,681 0 0 -13 -13 0 –134 –134 543 543 –551 –551 41 41 –85 –85   0   0 72 1,708 702 0 0 0 2,482 382,186 9,775 100 –187 391,873 26 6 32   0 6,903 582 7,485 17,982 7 17,989 –396 –396 19,360 19,360 –13,049 –13,049 –470 –470 –4,449 –4,449 0 406,701 11,754 0 100 –180 418,374 31,031 384,279 322,567 315 100 2,656 740,947 123 24 1,277 -10 1,414 –27,004 6,903 –2,427     17,982   51 –22,528 –535   591 18,624 283,945       283,945 –280,194       –280,194 205,535 205,535 –113,481 –113,481 27,656 27,656 –89,510 –89,510 7,902 408,653 351,616 365 100 3,029 771,666

22 | Actuarial provisions (part b)

Retention Property and casualty insurance As at 31 Dec. 2006 Exchange rate differences Changes in consolidation scope Portfolio changes Additions Disposals Premiums written Premiums earned Claims in reporting year Claims payments in reporting year Change in claims from previous years Claims payments in previous years As at 31 Dec. 2007 Health insurance As at 31 Dec. 2006 Exchange rate differences Changes in consolidation scope Portfolio changes Additions Disposals Premiums written Premiums earned Claims in reporting year Claims payments in reporting year Change in claims from previous years Claims payments in previous years As at 31 Dec. 2007 Life insurance As at 31 Dec. 2006 Exchange rate differences Changes in consolidation scope Portfolio changes Additions Disposals Claims in reporting year Claims payments in reporting year Change in claims from previous years Claims payments in previous years Stand 31,12,2007 Group total As at 31 Dec. 2006 Exchange rate differences Changes in consolidation scope Portfolio changes Additions Disposals Premiums written Premiums earned Claims in reporting year Claims payments in reporting year Change in claims from previous years Claims payments in previous years As at 31 Dec. 2007

Unearned premiums € 000 Actuarial provision € 000 Provision for outstanding claims € 000 Provision for profit-unrelated premium refunds € 000 Provision for profit-related premium refunds and/or policyholder profit participation € 000 Other actuarial provisions € 000 Group total € 000               343,997 44,550 1,458,607 26,907 8,191 19,651 1,901,903 5,453 –5 7,615 –39 2 218 13,244 3,840 1,720 5,560 36,661 1,225 37,887 495 774 74 –243 1,100 –557 –2,052 –952 –2,860 –6,421 1,357,547 1,357,547 –1,338,810 –1,338,810 1,282,249 1,282,249 –642,759 –642,759 –73,252 –73,252 –453,194 –453,194 408,689 44,482 1,582,211 25,591 7,315 16,765 2,085,054 14,959 1,972,628 150,725 20,793 57,191 5,916 2,222,212 –42 6 16 –19 57   607 665 –2,235   –523   –2,758 140,110 2,548 5,397 25 148,080 –13,755 –1,142 –3,685 –5,248 –23,830 762,204 762,204 761,549 –761,549 618,326 618,326 –502,346 –502,346 327 327 115,450 –115,450 13,395 2,098,989 151,683 22,199 58,904 693 2,345,863 0 12,541,017 90,982 13 687,165 15,239 13,334,415 2,085 102 -14 8 2,180 60     60 –120,247 –361 183 151 –120,274 264,153 63 –223,441 2,808 43,583 –72,492 –140,415 –202 –213,109 1,605,581 1,605,581 –1,523,842 –1,523,842 26,139 26,139 –92,441 –92,441 0 12,614,575 106,159 75 323,477 18,004 13,062,292 358,956 14,558,195 1,700,314 47,712 752,547 40,805 17,458,531 5,412 2,086 7,733 –39 -13 226 15,405 3,897 60 2,327   6,284 34,426 –120,247 341 183 151 –85,146 404,757 3,385 –217,969 2,590 192,763 –86,805 –3,193 –145,051 –8,310 –243,360 2,119,752 2,119,752 –2,100,359 –2,100,359 3,506,156 3,506,156 –2,668,947 –2,668,947 –46,786 –46,786 –661,085 –661,085 422,083 14,758,046 1,840,054 47,866 389,697 35,462 17,493,208

23 | Actuarial provisions for unit-linked and index-linked insurance policies

	31 Dec. 2007 € 000	31 Dec. 2006 € 000
Gross	2,412,937	1,911,516
Reinsurers’ share	–346,868	-305,580
Total	1,605,935	1,605,935

As a general rule, the valuation of the actuarial provisions for unit-linked and index-linked life insurance policies corresponds to the investments in unit-linked and index-linked life insurance policies reported at current market values. The resinsurers share is offset by deposits payable in the same amount.

24 | Liabilities from loans

		31 Dec. 2007 € 000	31 Dec. 2006 € 000
Liabilities under issued debenture bonds
UNIQA Versicherungen AG, Vienna
4.00%, €150 million, bond 2004/2009		150,000	149,700
Loan liabilities		43,825	43,825
	up to 1 year	88	5,876
	between 1 and 5 years	6,969	0
	more than 5 years	28,842	37,950
Total		185,900	193,526

25 | Provisions for pensions and similar commitments

	31 Dec. 2007 € 000	31 Dec. 2006 € 000
Provisions for pensions	383,543	414,589
Provision for severance payments	125,998	127,830
	509,541	542,418

	2007 € 000	2006 € 000
As at 1 Jan.	542,418	523,127
Changes from foreign currency translation	15	2
Withdrawal for pension payments	–29,705	-27,160
Expenditure in the financial year	–3,187	46,450
As at 31 Dec.	509,541	542,418

Calculation factors applied
2007
Technical rate of interest	5.00%
Valorisation of wages and salaries	3.00%
Valorisation of pensions	2.00%
Employee turnover rate	dependent on years of service
Accounting principles	AVÖ 1999 P – Pagler & Pagler / employee
2006
Technical rate of interest	4.50%
Valorisation of wages and salaries	3.00%
Valorisation of pensions	2.00%
Employee turnover rate	dependent on years of service
Accounting principles	AVÖ 1999 P – Pagler & Pagler / employee

Specification of pension expenditures for pensions and similar commitments included in the income statement	31 Dec. 2007 € 000	31 Dec. 2006 € 000
Current service cost	16,929	15,443
Interest cost	24,434	23,220
Actuarial profit and loss	–44,737	7,525
Income and expenditures from budget changes	188	262
Total	–3,187	46,450

Under the contribution-oriented company pension scheme, the employer pays fixed amounts into company pension funds. The employer has satisfied its obligation by making these contributions.

	31 Dec. 2007 € 000	31 Dec. 2006 € 000
Contributions to company pension funds	1,134	942

26 | Other provisions

Provisions for unconsumed vacations Provisions for anniversary payments Other personnel provisions Provisions for customer relations and marketing Provision for variable components of remuneration Provision for legal and consulting expenses Provision for premium adjustment from reinsurance contracts Provision for portfolio maintenance commission Other provisions Total

Balance sheet figures prev. year € 000 Currency translation changes € 000 Change in consolidation scope € 000 Utilisation € 000 Reversals € 000 Reclassifications € 000 Additions € 000 Balance sheet figures 2007 € 000 33,610 36 49 –1,414 –153 0 3,114 35,242 15,996 0 0 –103 –503 0 –431 14,959 49,606 36 49 –1,517 –656 0 2,683 50,201 12,916 12 –49 –8,864 –948 –538 13,681 16,209 32,851 –13 0 –29,775 –1,777 0 30,080 31,365 14,614 5 0 –11,942 –173 –228 13,919 16,193 5,136 -1 4 –2,093 –1,111 0 3,064 4,998 6,261 –44 0 –876 –1,737 313 6,759 10,675 1,955 0 0 0 –1,955 0 2,535 2,535 56,561 9 2 –25,741 –16,332 67 47,530 62,096 130,294 –33 –44 –79,292 –24,034 –387 117,567 144,071 179,900 3 5 –80,809 –24,690 –387 120,250 194,272

		31 Dec. 2007 € 000	31 Dec. 2006 € 000
Other provisions1) with a high probability of utilisation (more than 90%)
	up to 1 year	72,351	73,286
	of more than 1 up to 5 years	3,735	2,907
	more than 5 years	10,408	4,915
		86,494	81,107
Other provisions1) with a lower probability of consumption (less than 90%)
	up to 1 year	55,629	47,143
	of more than 1 up to 5 years	1,621	1,672
	more than 5 years	327	371
		57,577	49,186
Total		144,071	130,294
1) Without unconsumed vacations and anniversary payments.

27 | Payables and other liabilities

			31 Dec. 2007 € 000	31 Dec. 2006 € 000
I.	Reinsurance liabilities
	1. Deposits held under reinsurance business ceded		761,805	702,765
	2. Accounts payable under reinsurance operations		34,975	21,563
			796,780	724,329
II.	Other liabilities
	Liabilities under insurance business
	Liabilities under direct insurance business
		to policyholders	139,318	122,319
		to intermediaries	123,603	99,036
		to insurance companies	8,791	5,341
			271,712	226,696
	Liabilities to credit institutions		3,582	3,922
	Other liabilities		445,484	424,478
		of which for taxes	46,379	45,652
		of which for social security	10,381	10,055
		of which from fund consolidation	260,874	251,376
	Total other liabilities		720,778	655,096
Subtotal			1,517,558	1,379,425
	Of which liabilities with a remaining term of
		up to 1 year	885,731	766,296
		more than 1 up to 5 years	9,053	41,472
		more than 5 years	622,774	571,657
			1,517,558	1,379,425
III.	Other liabilities
	Deferred income		9,483	8,232
Total payables and other liabilities			1,527,041	1,387,657

The item “deferred income” basically comprises the balance of the deferred income regarding the indirect business settlement.

28 | Liabilities from income tax

		31 Dec. 2007 € 000	31 Dec. 2006 € 000
Liabilities from income tax		41,618	66,754
of which liabilities with a remaining term of
	up to 1 year	3,853	6,150
	more than 1 up to years	37,281	60,074
	more than 5 years	483	530

29 | Deferred tax liabilities

Cause of origin		31 Dec. 2007 € 000	31 Dec. 2006 € 000
Actuarial items		142,052	152,276
Untaxed reserves		27,385	27,761
Shares in affiliated companies		28,425	28,425
Investments		120,952	79,261
Other		14,101	12,166
Total		332,916	299,889
	of which not affecting income	55,238	57,845