Breakdown of investments 2012
Investments
A brief presentation of the investments is included on page 136 of the notes to the consolidated financial statements (see PDF).
Total investments (including cash and cash equivalents) were EUR 30,235.06 million as of 31 December 2012. Compared with the previous year, this represents an increase of EUR 1,581.55 million, or 5.5%.
The investments include all Vienna Insurance Group land and buildings, all shares in at equity consolidated companies and all financial instruments. Investments for unit-linked and index-linked life insurance are not included. These increased in 2012 primarily due to strong demand for single-premium products in Liechtenstein, and a 17.1% increase in investments in Austria, which rose from EUR 5,502.79 million to EUR 6,443.78 million.
Shareholders' equity
Vienna Insurance Group’s capital base increased by 13.9% to EUR 5,751.87 million in 2012 (2011: EUR 5,049.64 million). The increase was primarily due to the net profit for the period (EUR 467.32 million) and unrealised gains from the disposal of financial instruments available for sale (EUR 431.43 million).
Underwriting provisions
Underwriting provisions (excluding underwriting provisions for unit-linked and index-linked life insurance) were EUR 25,815.47 million as of 31 December 2012, representing an increase of 7.6% over the previous year (2011: EUR 23,992.54 million).
