Consolidated income statement
for the period from
1 January 2016 to 31 December 2016

in EUR '000

Notes

2016

2015 adjusted

*

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

Premiums

28, V

 

 

Premiums written – gross

 

9,050,968

9,019,759

Premiums written - reinsurers’ share

 

-810,623

-799,817

Premiums written – retention

 

8,240,345

8,219,942

Change in unearned premiums – gross

 

-72,735

-38,223

Change in unearned premiums – reinsurers’ share

 

23,646

-1,184

Net earned premiums – retention

 

8,191,256

8,180,535

Financial result excluding at equity consolidated companies

29

912,188

999,987

Income from investments

 

1,416,088

1,452,907

Expenses for investments and interest expenses

 

-503,900

-452,920

Result from shares in at equity consolidated companies

30

46,621

40,209

Other income

31

150,449

150,207

Expenses for claims and insurance benefits

32, W

-6,753,449

-6,748,874

Expenses for claims and insurance benefits – gross

 

-7,085,077

-7,107,571

Expenses for claims and insurance benefits – reinsurers’ share

 

331,628

358,697

Acquisition and administrative expenses

33, X

-1,907,805

-1,847,567

Acquisition expenses

 

-1,665,277

-1,605,201

Administrative expenses

 

-381,370

-364,698

Reinsurance commissions

 

138,842

122,332

Other expenses

34

-232,526

-727,440

Result before taxes

 

406,734

47,057

Tax expenses/income

35

-85,744

-61,823

Result of the period

 

320,990

-14,766

thereof attributable to Vienna Insurance Group shareholders

 

287,778

-20,581

thereof other non-controlling interests

14

4,246

5,815

thereof non-controlling interests in non-profit societies

14

28,966

0

 

 

 

 

Result per share*

14

 

 

Undiluted = diluted result per share (in EUR)

 

2.16

-0.27

 

 

 

 

 

 

 

 

Result of the period (Carry-forward)

 

320,990

-14,766