Segment reporting

Operating segments – classified by business line

Property and casualty insurance

In € thousand

UNIQA Austria

UNIQA International

Group functions

Consolidation

Group

1–12/2020

1–12/2019

1–12/2020

1–12/2019 adjusted

1–12/2020

1–12/2019

1–12/2020

1–12/2019

1–12/2020

1–12/2019

1–12/2020

1–12/2019 adjusted

1,796,102

1,760,672

1,192,585

1,076,924

1,125,744

1,089,855

0

0

–1,104,104

–1,080,668

3,010,327

2,846,783

 

 

 

 

 

 

 

 

 

 

 

 

 

(net)

1,066,070

1,049,839

702,548

614,061

1,039,922

1,012,808

0

0

414

1,729

2,808,954

2,678,436

Technical interest income

0

0

789

1,590

0

0

0

0

0

0

789

1,590

Other insurance income

2,923

2,459

7,529

16,889

7,581

199

13,253

299

–2,450

–3,403

28,836

16,443

–698,649

–688,258

–386,161

–347,571

–687,026

–684,346

153

99

–3,436

609

–1,775,119

–1,719,467

–353,673

–297,358

–269,392

–235,704

–309,509

–302,111

–42,022

–25,539

3,872

–530

–970,724

–861,241

Other technical expenses

–7,612

–8,297

–36,442

–36,631

–11,748

–12,197

–868

920

11,618

12,317

–45,053

–43,889

Technical result

9,059

58,384

18,871

12,634

39,220

14,353

–29,485

–24,220

10,017

10,722

47,683

71,872

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income

–196,135

33,744

34,234

25,306

1,651

23,203

40,683

321,995

149,113

–282,171

29,547

122,077

Income from investments

84,348

73,677

48,615

33,641

32,331

36,916

182,732

388,007

–127,167

–298,470

220,859

233,770

Expenses from investments

–280,686

–40,226

–14,637

–8,504

–30,680

–13,713

–141,175

–68,438

265,340

11,587

–201,837

–119,295

Financial assets accounted for using the

203

293

256

169

0

0

–874

2,426

10,940

4,712

10,525

7,601

Other income

1,355

679

18,302

5,209

18,011

2,521

8,537

12,093

481

–1,894

46,685

18,607

Reclassification of technical interest income

0

0

–789

–1,590

0

0

0

0

0

0

–789

–1,590

Other expenses

–8,344

–9,678

–15,503

–10,681

–929

–5,452

–11,066

–13,616

–2,676

1,208

–38,518

–38,219

Non-technical result

–203,124

24,745

36,245

18,244

18,733

20,272

38,153

320,471

146,918

–282,857

36,925

100,875

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating profit/(loss)

–194,065

83,129

55,116

30,878

57,953

34,624

8,669

296,251

156,935

–272,136

84,607

172,747

Amortisation of VBI and impairment of goodwill

0

0

–87,947

–57,001

0

0

0

0

–82

0

–88,029

–57,001

Finance cost

–3,220

0

–4,374

–4,352

–2,901

–2,901

–67,437

–59,239

13,414

12,142

–64,519

–54,349

Earnings before taxes

–197,285

83,129

–37,205

–30,475

55,052

31,724

–58,769

237,012

170,266

–259,994

–67,941

61,397

Health insurance

In € thousand

UNIQA Austria

UNIQA International

Reinsurance

Group functions

Consolidation

Group

1–12/2020

1–12/2019 adjusted

1–12/2020

1–12/2019

1–12/2020

1–12/2019

1–12/2020

1–12/2019

1–12/2020

1–12/2019

1–12/2020

1–12/2019 adjusted

(gross)

1,089,620

1,056,263

77,936

74,558

6,795

5,747

0

0

–6,796

–5,747

1,167,554

1,130,821

 

 

 

 

 

 

 

 

 

 

 

 

 

earned (net)

1,082,685

1,050,575

74,409

66,972

6,420

5,407

0

0

99

73

1,163,614

1,123,027

Technical interest income

88,746

86,386

2

2

0

0

0

0

0

0

88,747

86,388

Other insurance income

1,455

1,212

143

118

0

0

0

0

–1

0

1,597

1,331

Insurance benefits

–916,935

–927,766

–42,177

–38,842

–6,056

–5,962

2,165

3,255

–53

17

–963,056

–969,298

Operating expenses

–176,857

–153,324

–27,362

–21,314

–249

–387

–20,486

–12,773

–12

–14

–224,966

–187,813

Other technical expenses

–227

–429

–433

–515

0

0

390

750

0

52

–270

–143

Technical result

78,867

56,654

4,581

6,421

115

–942

–17,931

–8,769

33

129

65,666

53,493

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income

95,073

101,237

30

352

0

0

28,468

20,029

–19,029

–12,584

104,542

109,034

Income from investments

120,805

124,051

254

663

0

0

83,032

46,352

–42,871

–41,109

161,220

129,957

Expenses from investments

–31,097

–30,564

–224

–310

0

0

–54,564

–26,656

7,901

14,454

–77,985

–43,075

Financial assets accounted for using the equity method

5,365

7,750

0

0

0

0

0

333

15,941

14,070

21,307

22,153

Other income

127

555

3,278

3,146

0

0

168,409

180,931

–27,121

–27,398

144,693

157,234

Reclassification of technical interest income

–88,746

–86,386

–2

–2

0

0

0

0

0

0

–88,747

–86,388

Other expenses

–749

–1,122

–3,415

–2,821

–14

–68

–169,985

–170,992

27,606

27,509

–146,556

–147,494

Non-technical result

5,705

14,284

–110

675

–14

–68

26,893

29,969

–18,543

–12,473

13,931

32,387

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating profit/(loss)

84,573

70,938

4,471

7,096

102

–1,011

8,962

21,200

–18,510

–12,344

79,597

85,879

Amortisation of VBI and impairment of goodwill

0

0

0

0

0

0

0

0

0

0

0

0

Finance cost

0

–1

0

0

0

0

–65

–44

0

0

–66

–44

Earnings before taxes

84,573

70,938

4,471

7,096

102

–1,011

8,896

21,157

–18,510

–12,344

79,531

85,835

Life insurance

In € thousand

UNIQA Austria

UNIQA International

Group functions

Consolidation

Group

1–12/2020

1–12/2019 adjusted

1–12/2020

1–12/2019

1–12/2020

1–12/2019

1–12/2020

1–12/2019

1–12/2020

1–12/2019

1–12/2020

1–12/2019 adjusted

, including savings portions from unit-linked and index-linked life insurance

951,778

983,884

434,921

409,760

30,128

33,576

0

0

–29,363

–32,273

1,387,465

1,394,946

(net), including savings portions from unit-linked and index-linked life insurance

927,921

956,620

423,528

401,599

9,734

11,083

0

0

–89

70

1,361,094

1,369,372

Savings portions from unit-linked and index-linked life insurance (gross)

207,018

211,683

97,104

98,083

0

0

0

0

0

0

304,122

309,766

Savings portions from unit-linked and index-linked life insurance (net)

207,018

211,683

97,104

98,083

0

0

0

0

0

0

304,122

309,766

 

 

 

 

 

 

 

 

 

 

 

 

 

Premiums written (gross)

744,760

772,201

337,817

311,677

30,128

33,576

0

0

–29,363

–32,273

1,083,343

1,085,180

 

 

 

 

 

 

 

 

 

 

 

 

 

earned (net)

720,903

744,938

326,424

303,516

9,734

11,083

0

0

–89

70

1,056,972

1,059,607

Technical interest income

205,504

213,722

27,084

29,538

0

0

0

0

0

0

232,589

243,260

Other insurance income

599

171

18,964

3,569

25

17

35

50

–8,387

–67

11,237

3,740

–768,151

–810,312

–179,758

–155,143

–7,523

–10,134

0

0

–972

–1,746

–956,404

–977,335

–188,817

–185,051

–169,599

–157,862

–1,208

–1,176

–17,541

–10,202

6,457

–3,771

–370,708

–358,062

Other technical expenses

–5,566

–6,146

–5,704

–2,928

–3,053

–3,233

315

675

5,269

5,562

–8,739

–6,071

Technical result

–35,527

–42,678

17,412

20,690

–2,025

–3,444

–17,190

–9,476

2,277

48

–35,053

–34,861

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income

261,862

289,144

71,820

35,929

5,248

6,248

27,050

14,260

5,340

8,553

371,321

354,133

Income from investments

281,036

341,472

83,558

55,433

5,248

6,248

55,306

48,339

–33,542

–46,260

391,606

405,232

Expenses from investments

–26,467

–62,861

–11,738

–19,504

0

0

–29,489

–35,861

13,550

32,454

–54,143

–85,773

Financial assets accounted for using the

7,293

10,534

0

0

0

0

1,233

1,781

25,332

22,359

33,858

34,674

Other income

111

331

24,581

14,980

2

19

3,292

1,247

–2,816

–59

25,171

16,517

Reclassification of technical interest income

–205,504

–213,722

–27,084

–29,538

0

0

0

0

0

0

–232,589

–243,260

Other expenses

–435

–670

–44,875

–1,898

–88

–24

–3,891

–1,950

3,866

–765

–45,423

–5,307

Non-technical result

56,034

75,083

24,442

19,472

5,162

6,242

26,452

13,557

6,390

7,729

118,479

122,084

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating profit/(loss)

20,507

32,405

41,854

40,162

3,137

2,798

9,261

4,080

8,667

7,777

83,426

87,223

Amortisation of VBI and impairment of goodwill

–1,786

–1,786

–36,000

–375

0

0

0

0

–1

0

–37,787

–2,161

Finance cost

–25,067

–25,101

–155

–391

0

0

–7,926

–7,229

32,975

32,472

–173

–249

Earnings before taxes

–6,346

5,518

5,698

39,396

3,137

2,798

1,336

–3,148

41,640

40,249

45,466

84,813

Reinsurance
An insurance company insures part of its risk via another insurance company.
Gross (premiums written)
The gross (premiums written) includes details on the items in the balance sheet and the income statement, excluding the proportion from reinsurance.
Premiums earned
The actuarial premiums earned that determine the income for the year. In order to determine these, the changes to the unearned premiums, the cancellation provisions and the premium volume not yet written are taken into account, along with the gross premium volume written attributable to the financial year.
Insurance benefits
Total of insurance benefit payments and changes in the claims provision during the financial year in connection with direct insurance and reinsurance contracts (gross). This involves net insurance benefits when reduced by the amount ceded to reinsurance companies. This does not include claims settlement expenses and changes in the provisions for claims settlement expenses.
Operating expenses
This item includes acquisition expenses, portfolio management expenses and the expenses for implementing reinsurance. The operating expenses remain for the company’s own account following deduction of the commissions and profit participation received from the reinsurance business ceded.
Equity method
Investment in associates is accounted for using this method. The value carried corresponds to the Group’s proportional equity in these companies. In the case of shares in companies that prepare their own consolidated financial statements, their Group equity is assessed accordingly in each case. Within the scope of ongoing measurement, this value must be updated to incorporate proportional changes in equity with the share of net income/(loss) being allocated to consolidated profit/(loss).
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.
Reinsurance
An insurance company insures part of its risk via another insurance company.
Gross (premiums written)
The gross (premiums written) includes details on the items in the balance sheet and the income statement, excluding the proportion from reinsurance.
Premiums earned
The actuarial premiums earned that determine the income for the year. In order to determine these, the changes to the unearned premiums, the cancellation provisions and the premium volume not yet written are taken into account, along with the gross premium volume written attributable to the financial year.
Premiums
Total premiums written. All premiums from contracts written in the financial year from business acquired by the company directly and as inward reinsurance.
Insurance benefits
Total of insurance benefit payments and changes in the claims provision during the financial year in connection with direct insurance and reinsurance contracts (gross). This involves net insurance benefits when reduced by the amount ceded to reinsurance companies. This does not include claims settlement expenses and changes in the provisions for claims settlement expenses.
Operating expenses
This item includes acquisition expenses, portfolio management expenses and the expenses for implementing reinsurance. The operating expenses remain for the company’s own account following deduction of the commissions and profit participation received from the reinsurance business ceded.
Equity method
Investment in associates is accounted for using this method. The value carried corresponds to the Group’s proportional equity in these companies. In the case of shares in companies that prepare their own consolidated financial statements, their Group equity is assessed accordingly in each case. Within the scope of ongoing measurement, this value must be updated to incorporate proportional changes in equity with the share of net income/(loss) being allocated to consolidated profit/(loss).