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	1–12/2019	1–12/2018	1–12/2019	1–12/2018	1–12/2019	1–12/2018	1–12/2019	1–12/2018	1–12/2019	1–12/2018	1–12/2019	1–12/2018
Premiums written (gross)	1,760,672	1,703,527	1,076,924	1,067,373	1,089,855	1,051,342	0	0	–1,080,668	–1,047,807	2,846,783	2,774,435

Premiums earned (net)	1,049,839	1,033,105	614,061	584,844	1,012,808	961,811	0	0	1,729	4,319	2,678,436	2,584,079
Technical interest income	0	0	1,590	0	0	0	0	0	0	0	1,590	0
Other insurance income	2,459	8,018	16,889	16,994	199	196	299	981	–3,403	–3,553	16,443	22,635
Insurance benefits	–688,258	–691,172	–347,571	–339,160	–684,346	–660,503	99	249	609	514	–1,719,467	–1,690,073
Operating expenses	–297,358	–255,395	–235,704	–219,552	–302,111	–297,363	–25,539	–33,500	–530	–5,170	–861,241	–810,980
Other technical expenses	–8,297	–9,693	–36,631	–31,973	–12,197	–8,751	920	–36	12,317	8,582	–43,889	–41,872
Technical result	58,384	84,863	12,634	11,153	14,353	–4,612	–24,220	–32,306	10,722	4,691	71,872	63,789

Net investment income	33,744	38,966	25,306	23,751	23,203	14,267	321,995	293,266	–282,171	–242,106	122,077	128,145
Income from investments	73,677	65,330	33,641	30,491	36,916	26,575	388,007	424,615	–298,470	–258,948	233,770	288,064
Expenses from investments	–40,226	–26,657	–8,504	–6,946	–13,713	–12,308	–68,438	–180,633	11,587	8,060	–119,295	–218,484
Financial assets accounted for using the equity method	293	293	169	206	0	0	2,426	49,284	4,712	8,782	7,601	58,565
Other income	679	771	5,209	4,517	2,521	12,838	12,093	12,028	–1,894	–4,088	18,607	26,066
Other expenses	–9,678	–11,841	–10,681	–17,139	–5,452	–4,268	–13,616	–12,327	1,208	993	–38,219	–44,581
Non-technical result	24,745	27,896	18,244	11,130	20,272	22,837	320,471	292,967	–282,857	–245,200	100,875	109,630

Operating profit/(loss)	83,129	112,760	30,878	22,283	34,624	18,225	296,251	260,661	–272,136	–240,510	172,747	173,419
Amortisation of goodwill and impairment losses	0	0	–2,401	–454	0	0	0	0	0	0	–2,401	–454
Finance cost	0	0	–4,352	–4,330	–2,901	–2,900	–59,239	–57,652	12,142	12,183	–54,349	–52,699
Earnings before taxes	83,129	112,760	24,125	17,498	31,724	15,325	237,012	203,009	–259,994	–228,326	115,997	120,266

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Health insurance
In € thousand	UNIQA Austria		UNIQA International		Reinsurance		Group functions		Consolidation		Group
In € thousand	1–12/2019	1–12/2018	1–12/2019	1–12/2018	1–12/2019	1–12/2018	1–12/2019	1–12/2018 adjusted	1–12/2019	1–12/2018	1–12/2019	1–12/2018 adjusted
Premiums written (gross)	1,056,263	1,008,859	74,558	77,586	5,747	6,574	0	0	–5,747	–6,574	1,130,821	1,086,444

Premiums earned (net)	1,050,575	1,008,141	66,972	65,821	5,407	6,238	0	0	73	139	1,123,027	1,080,339
Technical interest income	86,386	83,976	2	0	0	0	0	0	0	0	86,388	83,976
Other insurance income	1,212	2,653	118	124	0	0	0	389	0	0	1,331	3,167
Insurance benefits	–918,743	–864,356	–38,842	–41,256	–5,962	–4,681	3,255	2,290	17	48	–960,275	–907,955
Operating expenses	–153,324	–140,855	–21,314	–24,662	–387	–1,039	–12,773	–18,370	–14	1,070	–187,813	–183,856
Other technical expenses	–429	–38	–515	–251	0	0	750	0	52	1	–143	–288
Technical result	65,677	89,522	6,421	–224	–942	518	–8,769	–15,691	129	1,257	62,515	75,383

Net investment income	101,237	103,049	352	460	0	0	20,029	7,725	–12,584	–7,855	109,034	103,379
Income from investments	124,051	129,492	663	1,103	0	0	46,352	108,310	–41,109	–28,497	129,957	210,408
Expenses from investments	–30,564	–34,193	–310	–643	0	0	–26,656	–100,585	14,454	8,839	–43,075	–126,582
Financial assets accounted for using the equity method	7,750	7,750	0	0	0	0	333	0	14,070	11,803	22,153	19,553
Other income	555	95	3,146	2,994	0	21	180,931	144,037	–27,398	–1,191	157,234	145,956
Reclassification of technical interest income	–86,386	–83,976	–2	0	0	0	0	0	0	0	–86,388	–83,976
Other expenses	–1,122	–1,719	–2,821	–3,067	–68	0	–170,992	–140,033	27,509	344	–147,494	–144,476
Non-technical result	14,284	17,449	675	387	–68	21	29,969	11,729	–12,473	–8,703	32,387	20,883

Operating profit/(loss)	79,961	106,971	7,096	163	–1,011	539	21,200	–3,962	–12,344	–7,446	94,902	96,266
Finance cost	–1	0	0	0	0	0	–44	–173	0	72	–44	–101
Earnings before taxes	79,960	106,971	7,096	163	–1,011	539	21,157	–4,135	–12,344	–7,374	94,858	96,165

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Life insurance
In € thousand	UNIQA Austria		UNIQA International		Reinsurance		Group functions		Consolidation		Group
In € thousand	1–12/2019	1–12/2018	1–12/2019	1–12/2018	1–12/2019	1–12/2018	1–12/2019	1–12/2018	1–12/2019	1–12/2018	1–12/2019	1–12/2018
Premiums written (gross), including savings portions from unit-linked and index-linked life insurance	983,884	1,022,014	409,760	419,691	33,576	40,429	0	0	–32,273	–33,544	1,394,946	1,448,590
Premiums earned (net), including savings portions from unit-linked and index-linked life insurance	956,620	990,565	401,599	408,397	11,083	17,539	0	0	70	750	1,369,372	1,417,251
Savings portions from unit-linked and index-linked life insurance (gross)	211,683	219,802	98,083	100,712	0	0	0	0	0	0	309,766	320,513
Savings portions from unit-linked and index-linked life insurance (net)	211,683	220,214	98,083	100,712	0	0	0	0	0	0	309,766	320,925

Premiums written (gross)	772,201	802,212	311,677	318,979	33,576	40,429	0	0	–32,273	–33,544	1,085,180	1,128,076

Premiums earned (net)	744,938	770,352	303,516	307,685	11,083	17,539	0	0	70	750	1,059,607	1,096,326
Technical interest income	213,722	225,498	29,538	26,112	0	0	0	0	0	0	243,260	251,610
Other insurance income	171	1,542	3,569	4,803	17	55	50	382	–67	–189	3,740	6,593
Insurance benefits	–810,312	–834,724	–155,143	–181,372	–10,134	–17,257	0	0	–1,746	–2,367	–977,335	–1,035,721
Operating expenses	–185,051	–168,619	–157,862	–132,377	–1,176	–1,198	–10,202	–16,541	–3,771	–1,083	–358,062	–319,817
Other technical expenses	–6,146	–5,037	–2,928	–2,195	–3,233	–3,348	675	–130	5,562	5,621	–6,071	–5,089
Technical result	–42,678	–10,987	20,690	22,655	–3,444	–4,210	–9,476	–16,288	48	2,732	–34,861	–6,098

Net investment income	289,144	276,306	35,929	57,509	6,248	9,226	14,260	8,821	8,553	1,642	354,133	353,505
Income from investments	341,472	317,355	55,433	64,955	6,248	9,226	48,339	60,405	–46,260	–32,839	405,232	419,103
Expenses from investments	–62,861	–51,583	–19,504	–7,446	0	0	–35,861	–53,365	32,454	15,725	–85,773	–96,670
Financial assets accounted for using the equity method	10,534	10,534	0	0	0	0	1,781	1,781	22,359	18,756	34,674	31,071
Other income	331	337	14,980	3,304	19	38	1,247	1,618	–59	–61	16,517	5,236
Reclassification of technical interest income	–213,722	–225,498	–29,538	–26,112	0	0	0	0	0	0	–243,260	–251,610
Other expenses	–670	–1,179	–1,898	–19,519	–24	–31	–1,950	–1,018	–765	1,120	–5,307	–20,626
Non-technical result	75,083	49,966	19,472	15,182	6,242	9,234	13,557	9,422	7,729	2,701	122,084	86,505

Operating profit/(loss)	32,405	38,979	40,162	37,837	2,798	5,024	4,080	–6,867	7,777	5,433	87,223	80,407
Amortisation of goodwill and impairment losses	–1,786	–1,913	–375	–307	0	0	0	0	0	0	–2,161	–2,220
Finance cost	–25,101	–25,080	–391	–80	0	0	–7,229	–6,376	32,472	31,536	–249	0
Earnings before taxes	5,518	11,985	39,396	37,451	2,798	5,024	–3,148	–13,242	40,249	36,970	84,813	78,187

Annual Report 2019

Segment reporting

Operating segments – classified by business line