Consolidated Income Statement

Premiums

27

Premiums written – Gross

7,898,866

6,911,931

Premiums written – Reinsurers’ share

-857,105

-843,335

Premiums written – Retention

7,041,761

6,068,596

Change due to provisions for premiums – Gross

-81,279

-139,443

Change due to provisions for premiums – Reinsurers’ share

1,123

12,540

Net earned premiums

6,961,605

5,941,693

Financial Result

29

Investment income

2,187,382

1,441,764

Investment and interest expenses

-1,273,451

-444,205

Total financial result

913,931

997,559

Other income

30

127,457

51,960

Claims and insurance benefits

31

Expenses for claims and insurance benefits – Gross

-6,213,585

-5,523,539

Expenses for claims and insurance benefits – Reinsurers’ share

606,228

492,032

Total expenses for claims and insurance benefits

-5,607,357

-5,031,507

Operating expenses

32

Commission and other acquisition expenses

-1,375,963

-1,194,072

Adminstrative expenses

-373,126

-334,223

Reinsurance commissions

186,969

183,185

Total operating expenses

-1,562,120

-1,345,110

Other expenses

33

-296,924

-182,384

Result from shares in at equity consolidated companies

28

4,205

5,085

Profit before taxes

540,797

437,296

Tax expenses

34

-98,454

-88,425

Profit for the period

442,343

348,871

Attributable to Wiener Städtische shareholders

408,533

312,618

Minority interests in net income for the period

13

33,810

36,253

Earnings per Share

13

basic = diluted earnings per share (in EUR)

3.41

2.98