Consolidated income statement for the period from
1 January 2013 to 31 December 2013

Premiums

28

Premiums written – gross

9,218,574

9,646,026

Premiums written – reinsurers´ share

-773,195

-711,037

Premiums written – retention

8,445,379

8,934,989

Change in unearned premiums – gross

27,868

11,350

Change in unearned premiums – reinsurers’ share

5,804

25,911

Net earned premiums – retention

8,479,051

8,972,250

Financial result excluding at equity consolidated companies

29

Income from investments

1,634,793

1,750,278

Expenses for investments and interest expenses

-451,020

-529,314

Total financial result excluding at equity consolidated companies

1,183,773

1,220,964

Result from shares in at equity consolidated companies

30

35,042

21,370

Other income

31

143,897

115,331

Expenses for claims and insurance benefits

32

Expenses for claims and insurance benefits – gross

-7,597,410

-7,811,956

Expenses for claims and insurance benefits – reinsurers’ share

386,858

221,276

Total expenses for claims and insurance benefits

-7,210,552

-7,590,680

Acquisition and administrative expenses

33

Acquisition expenses

-1,629,998

-1,586,888

Administrative expenses

-344,053

-347,134

Reinsurance commissions

107,733

118,501

Total acquisition and administrative expenses

-1,866,318

-1,815,521

Other expenses

34

-409,756

-360,011

Profit before taxes

355,137

563,703

Tax expense

35

-98,755

-118,810

Profit of the period

256,382

444,893

thereof attributable to Vienna Insurance Group shareholders

234,798

425,516

thereof non-controlling interests in net profit for the period

14

21,584

19,377

Earnings per share*

14

Undiluted = diluted earnings per share (in EUR)

1.57

3.01

Profit for the period (Carry-forward)

256,382

444,893