Consolidated income statement

in EUR '000

Notes

2017

2016

*

The calculation of these figures includes the proportional interest expenses for hybrid capital. (Undiluted = diluted result per share)

Premiums

 

 

 

Premiums written – gross

15

9,386,040

9,050,968

Premiums written – reinsurers´ share

 

-800,787

-810,623

Premiums written – retention

 

8,585,253

8,240,345

Change in unearned premiums – gross

 

-82,947

-72,735

Change in unearned premiums – reinsurers´ share

 

7,256

23,646

Net earned premiums – retention

L

8,509,562

8,191,256

Financial result excluding at equity consolidated companies

16

881,526

912,188

Income from investments

 

1,586,950

1,416,088

Expenses for investments and interest expenses

 

-705,424

-503,900

Result from shares in at equity consolidated companies

17

42,754

46,621

Other income

18

223,149

150,449

Expenses for claims and insurance benefits – retention

19, M

-6,872,588

-6,753,449

Expenses for claims and insurance benefits – gross

 

-7,366,621

-7,085,077

Expenses for claims and insurance benefits – reinsurers´ share

 

494,033

331,628

Acquisition and administrative expenses

20, N

-2,040,282

-1,907,805

Acquisition expenses

 

-1,769,054

-1,665,277

Administrative expenses

 

-414,666

-381,370

Reinsurance commissions

 

143,438

138,842

Other expenses

21

-301,572

-232,526

Result before taxes

 

442,549

406,734

Taxes

22

-69,958

-85,744

Result of the period

 

372,591

320,990

thereof attributable to Vienna Insurance Group shareholders

 

297,596

287,778

thereof other non-controlling interests

 

7,052

4,246

thereof non-controlling interests in non-profit societies

 

67,943

28,966

 

 

 

 

Earnings Result per share* (in EUR)

8

2.23

2.16

 

 

 

 

Result of the period (carryforward)

 

372,591

320,990