UNIQA Group Report 2015 - 24. Provision for unsettled claims

In € thousand	31/12/2015	31/12/2014
Property and casualty insurance
Gross	2,371,658	2,240,465
Reinsurers' share	–151,645	–137,605
	2,220,013	2,102,860
Health insurance
Gross	157,917	165,204
Reinsurers' share	–22	–25
	157,895	165,179
Life insurance
Gross	193,741	179,174
Reinsurers' share	–16,206	–13,610
	177,535	165,565
In the consolidated financial statements
Gross	2,723,316	2,584,844
Reinsurers' share	–167,874	–151,240
Total	2,555,443	2,433,604

In € thousand		2015	2014
1.	Provisions for outstanding claims as at 1 January
	a) Gross	2,240,465	2,054,700
	b) Reinsurers’ share	–137,605	–112,623
	c) Net	2,102,860	1,942,077
2.	Plus (net) claims expenditures
	a) Current year claims	1,376,992	1,584,660
	b) Prior-year claims	10,474	–1,077
	c) Total	1,387,466	1,583,583
3.	Less (net) claims paid
	a) Current year claims	–650,301	–748,529
	b) Prior-year claims	–619,931	–691,517
	c) Total	–1,270,232	–1,440,046
4.	Currency translation	723	–13,638
5.	Change in consolidation scope	0	32,736
6.	Other changes	–803	–1,851
7.	Claim provision as at 31 December
	a) Gross	2,371,658	2,240,465
	b) Reinsurers’ share	–151,645	–137,605
	c) Net	2,220,013	2,102,860

Enlarge table

Claims payments	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	Total
In € thousand
Financial year	523,210	581,983	618,113	706,057	769,753	776,876	733,463	800,067	831,534	786,038	794,016
1 year later	814,005	884,326	958,737	1,073,178	1,164,904	1,160,537	1,109,179	1,195,298	1,242,907	1,207,284
2 years later	887,138	967,317	1,043,705	1,166,793	1,268,544	1,258,170	1,223,779	1,319,003	1,363,432
3 years later	917,008	1,006,410	1,087,343	1,213,167	1,330,393	1,308,475	1,275,777	1,377,165
4 years later	936,752	1,031,764	1,121,544	1,241,698	1,358,817	1,334,978	1,305,553
5 years later	953,618	1,045,830	1,140,705	1,263,366	1,377,228	1,354,962
6 years later	963,841	1,058,452	1,155,846	1,277,050	1,393,176
7 years later	975,209	1,069,189	1,167,044	1,290,790
8 years later	983,117	1,075,870	1,177,992
9 years later	989,278	1,085,168
10 years later	994,298

Cumulated payments and provision for outstanding claims	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015
In € thousand	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015
Financial year	1,044,733	1,129,365	1,221,222	1,323,499	1,439,517	1,439,838	1,407,767	1,519,755	1,579,194	1,613,892	1,621,985
1 year later	1,040,851	1,144,371	1,209,144	1,326,067	1,458,485	1,442,195	1,409,757	1,518,203	1,568,880	1,598,412
2 years later	1,041,599	1,128,449	1,213,701	1,341,516	1,465,215	1,446,195	1,412,978	1,531,862	1,593,265
3 years later	1,022,203	1,128,640	1,213,806	1,343,576	1,460,849	1,434,378	1,416,140	1,538,025
4 years later	1,020,900	1,126,022	1,222,436	1,340,638	1,456,551	1,439,324	1,413,386
5 years later	1,020,818	1,126,412	1,230,254	1,339,602	1,459,601	1,442,302
6 years later	1,022,787	1,120,868	1,233,181	1,347,216	1,460,901
7 years later	1,022,708	1,123,015	1,237,468	1,349,966
8 years later	1,027,339	1,125,569	1,234,839
9 years later	1,026,410	1,126,554
10 years later	1,027,192

Run-off	–782	–985	2,630	–2,749	–1,300	–2,977	2,753	–6,164	–24,385	15,479	-	–18,480
profit and loss reserve before 2005												–7,648
Total run-off												–26,128

Provision for outstanding claims	32,894	41,386	56,847	59,176	67,726	87,340	107,833	160,861	229,832	391,129	827,969	2,062,993
Provision for outstanding claims for accident years before 2005												243,921
Plus other reserve components (internal claims regulation costs, etc.)												64,745
Provisions for outstanding claims (gross) as at 31. December 2015												2,371,658