Consolidated income statement
for the period from
1 January 2015 to 31 December 2015
in EUR ’000 |
Notes |
2015 |
2014 |
||
|
|||||
Premiums |
28 |
|
|
||
Premiums written – gross |
|
9,019,759 |
9,145,728 |
||
Premiums written – reinsurers’ share |
|
-799,817 |
-808,551 |
||
Premiums written – retained |
|
8,219,942 |
8,337,177 |
||
Change in unearned premiums – gross |
|
-38,223 |
12,643 |
||
Change in unearned premiums – reinsurers’ share |
|
-1,184 |
3,922 |
||
Net earned premiums – retained |
|
8,180,535 |
8,353,742 |
||
Financial result excluding at equity consolidated companies |
29 |
|
|
||
Income from investments |
|
1,452,907 |
1,517,822 |
||
Expenses for investments and interest expenses |
|
-452,920 |
-465,519 |
||
Total financial result excluding at equity consolidated companies |
|
999,987 |
1,052,303 |
||
Result from shares in at equity consolidated companies |
30 |
74,911 |
64,557 |
||
Other income |
31 |
150,207 |
125,458 |
||
Expenses for claims and insurance benefits |
32 |
|
|
||
Expenses for claims and insurance benefits – gross |
|
-7,107,571 |
-7,368,056 |
||
Expenses for claims and insurance benefits – reinsurers’ share |
|
358,697 |
448,123 |
||
Total expenses for claims and insurance benefits |
|
-6,748,874 |
-6,919,933 |
||
Acquisition and administrative expenses |
33 |
|
|
||
Acquisition expenses |
|
-1,605,201 |
-1,662,532 |
||
Administrative expenses |
|
-364,698 |
-345,459 |
||
Reinsurance commissions |
|
122,332 |
133,218 |
||
Total acquisition and administrative expenses |
|
-1,847,567 |
-1,874,773 |
||
Other expenses |
34 |
-637,101 |
-282,988 |
||
Profit before taxes |
|
172,098 |
518,366 |
||
Tax expense |
35 |
-61,765 |
-127,006 |
||
Profits of the period |
|
110,333 |
391,360 |
||
thereof attributable to Vienna Insurance Group shareholders |
|
98,223 |
366,800 |
||
thereof non-controlling interests in net profit for the period |
14 |
12,110 |
24,560 |
||
|
|
|
|
||
Earnings per share* |
14 |
|
|
||
Undiluted = diluted earnings per share (in EUR) |
|
0.66 |
2.75 |
||
|
|
|
|
||
|
|
|
|
||
Profit for the period (Carry-forward) |
|
110,333 |
391,360 |