Investments and underwriting provisions
Investments
In the property and casualty business, investments (including cash and cash equivalents) were EUR 6,904.36 million (+4.1%) as of 31 December 2015. In life insurance, investments (excluding unit-linked and index-linked life insurance investments) totalled EUR 23,631.55 million (+1.7%). In the area of health insurance Vienna Insurance Group increased its investments by 1.2% to EUR 1,276.55 million.
Underwriting provisions
Underwriting provisions in the property and casualty area rose compared with 2014 by 1.6% to EUR 5,308.31 million. In life insurance, underwriting provisions were EUR 21,610.85 million (excluding underwriting provisions for unit-linked and index-linked life insurance) as of 31 December 2015, 0.5% above the figure for the previous year. In health insurance, underwriting provisions rose by 5.9%, to EUR 1,225.96 million.
Underwriting provisions for unit-linked and index-linked life insurance increased by 5.2% from EUR 7,392.42 million in 2014 to EUR 7,776.60 million in 2015.
The actuarial reserve and provision for outstanding claims are broken down by lines of business and maturities as follows:
in EUR million |
31.12.2015 |
31.12.2014 |
Property and casualty insurance |
0.12 |
0.13 |
Life insurance |
19,919.06 |
19,772.24 |
for guaranteed policy benefits |
18,155.09 |
17,728.65 |
for allocated and committed profit shares |
932.81 |
1,045.35 |
for deferred actuarial reserve |
831.16 |
998.24 |
Health insurance |
1,149.21 |
1,082.47 |
Total |
21,068.39 |
20,854.84 |
in EUR million |
31.12.2015 |
31.12.2014 |
up to one year |
1,880.72 |
2,290.01 |
more than one year up to five years |
5,628.95 |
5,581.75 |
more than five years up to ten years |
4,427.30 |
4,353.77 |
more than ten years |
9,131.42 |
8,629.31 |
Total |
21,068.39 |
20,854.84 |
in EUR million |
31.12.2015 |
31.12.2014 |
Property and casualty insurance |
4,168.62 |
4,103.53 |
Life insurance |
383.70 |
334.22 |
Health insurance |
51.32 |
51.20 |
Total |
4,603.65 |
4,488.94 |
in EUR million |
31.12.2015 |
31.12.2014 |
up to one year |
2,093.22 |
1,766.76 |
more than one year up to five years |
1,499.43 |
1,328.26 |
more than five years up to ten years |
495.66 |
404.28 |
more than ten years |
515.34 |
989.65 |
Total |
4,603.65 |
4,488.94 |