7. Premiums

The item 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 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 decreased by the savings portion are stated in the item “Premiums written”.

Premiums

In € thousand

1–12/2017

1–12/2016

Premiums written – gross

4,811,666

4,643,113

Premiums written – reinsurer’s share

–179,825

–171,950

Premiums written – net

4,631,841

4,471,163

Change in premiums earned – gross

–5,555

–31,425

Change in premiums earned – reinsurers’ share

1,647

3,233

Premiums earned

4,627,933

4,442,970

Direct insurance

In € thousand

1–12/2017

1–12/2016

Property and casualty insurance

2,581,219

2,482,065

Health insurance

1,041,936

1,003,654

Life insurance

1,118,276

1,108,319

Total

4,741,430

4,594,038

 

 

 

Of which written in:

 

 

Austria

3,415,559

3,379,538

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

1,022,936

955,980

other countries

302,935

258,519

Total

4,741,430

4,594,038

Indirect insurance

In € thousand

1–12/2017

1–12/2016

Property and casualty insurance

58,480

36,367

Health insurance

28

2

Life insurance

11,728

12,706

Total

70,236

49,075

Property and casualty insurance premiums written

In € thousand

1–12/2017

1–12/2016

Direct insurance

 

 

Fire and business interruption insurance

245,056

227,994

Liability insurance

242,206

235,949

Household insurance

187,059

178,439

Motor TPL insurance

582,418

579,705

Legal expense insurance

88,402

84,991

Marine, aviation and transport insurance

55,488

59,763

Other motor insurance

511,503

475,044

Other property insurance

243,505

229,123

Other forms of insurance

69,375

63,988

Casualty insurance

356,207

347,068

Total

2,581,219

2,482,065

 

 

 

Indirect insurance

 

 

Fire and business interruption insurance

29,949

21,983

Motor TPL insurance

14,858

5,745

Other forms of insurance

13,673

8,639

Total

58,480

36,367

Total direct and indirect insurance (amount consolidated)

2,639,699

2,518,432

Reinsurance premiums ceded

In € thousand

1–12/2017

1–12/2016

Property and casualty insurance

143,175

133,022

Health insurance

1,116

1,265

Life insurance

35,534

37,663

Total

179,825

171,950

Premiums earned

In € thousand

1–12/2017

1–12/2016

Property and casualty insurance

2,495,084

2,359,053

Gross

2,636,698

2,488,862

Reinsurers’ share

–141,614

–129,809

Health insurance

1,038,875

1,000,356

Gross

1,039,900

1,001,599

Reinsurers’ share

–1,025

–1,243

Life insurance

1,093,974

1,083,561

Gross

1,129,513

1,121,226

Reinsurers’ share

–35,539

–37,665

Total

4,627,933

4,442,970

Premiums earned ‒ indirect insurance

In € thousand

1–12/2017

1–12/2016

Recognised simultaneously

19,521

13,592

Recognised with a delay of up to 1 year

–7,481

19,679

Posted after more than 1 year

–184

106

Property and casualty insurance

11,856

33,377

Recognised with a delay of up to 1 year

–48

2

Health insurance

–48

2

Recognised simultaneously

2,790

0

Recognised with a delay of up to 1 year

8,618

12,222

Life insurance

11,407

12,222

Total

23,215

45,601

Earnings ‒ indirect insurance

In € thousand

1–12/2017

1–12/2016

Property and casualty insurance

73,576

27,621

Health insurance

–1,019

970

Life insurance

7,223

7,792

Total

79,781

36,383

Premiums
Total premiums written. All premiums from contracts written in the financial year from business acquired by the company directly and as inward reinsurance.
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.
Premiums
Total premiums written. All premiums from contracts written in the financial year from business acquired by the company directly and as inward reinsurance.