Group Financial Statements

Consolidated Income Statement
from 1 January to 31 December 2017

In € thousand

Notes

1–12/2017

1–12/2016

1)

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

Premiums earned (net)

7

 

 

Gross

 

4,806,111

4,611,687

Reinsurers’ share

 

–178,178

–168,717

 

 

4,627,933

4,442,970

Technical interest income

 

347,100

333,334

Other insurance income

 

 

 

Gross

 

21,639

23,508

Reinsurers’ share

 

655

329

 

 

22,293

23,837

Insurance benefits

8

 

 

Gross

 

–3,622,976

–3,478,247

Reinsurers’ share

 

64,327

92,681

 

 

–3,558,650

–3,385,566

Operating expenses

9

 

 

Expenses for the acquisition of insurance

 

–878,641

–890,674

Other operating expenses

 

–420,298

–417,031

Reinsurance commission and share of profit from reinsurance ceded

 

22,965

21,311

 

 

–1,275,974

–1,286,394

Other technical expenses

 

 

 

Gross

 

–39,707

–37,088

Reinsurers’ share

 

–16,781

–17,233

 

 

–56,488

–54,321

Technical result

 

106,215

73,861

 

 

 

 

Net investment income

4

 

 

Income from investments

 

980,100

941,441

Expenses from investments

 

–469,354

–391,162

Financial assets accounted for using the equity method

 

50,190

38,614

 

 

560,937

588,892

Other income

27

36,649

42,569

Reclassification of technical interest income

 

–347,100

–333,334

Other expenses

28

–56,451

–53,145

Non-technical result

 

194,035

244,982

 

 

 

 

Operating profit/(loss)

 

300,250

318,842

Amortisation of goodwill and impairment losses

 

–5,039

–25,832

Finance costs

 

–53,017

–67,477

Earnings before taxes

 

242,194

225,533

Income taxes

16

–46,348

–22,810

Profit/(loss) for the period from continuing operations

 

195,846

202,723

Profit/(loss) from discontinued operations (after tax)

14

–33,059

–53,105

Profit/(loss) for the period

 

162,788

149,618

of which attributable to shareholders of UNIQA Insurance Group AG

 

161,397

148,063

of which attributable to non-controlling interests

 

1,391

1,554

 

 

 

 

Earnings per share (in €)1)

 

0.53

0.48

Earnings per share from continuing operations

 

0.63

0.66

Earnings per share from discontinued operations

 

–0.11

–0.17

Average number of shares in circulation

 

306,965,261

308,129,721