Consolidated income statement
for the period from
1 January 2015 to 31 December 2015

in EUR ’000

Notes

2015

2014

*

The calculation of these figures includes the aliquot portion of interest expenses for hybrid capital.

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