Breakdown of investments 2013
Total investments (including cash and cash equivalents) were EUR 29,905.56 million as of 31 December 2013. Compared with the previous year, this represents a decrease of EUR 329.50 million, or 1.1%.
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 rose in 2013 due to the 4.1% increase in new policies from EUR 6,443.78 million to EUR 6,707.28 million.
Vienna Insurance Group's capital base decreased by 11.8% to EUR 5,020.10 million in 2013 (2012: EUR 5,688.61 million). The decrease was primarily due to the repurchase of one tranche of the hybrid capital and a decrease in the foreign currency reserves included in other reserves.
Underwriting provisions (excluding underwriting provisions for unit-linked and index-linked life insurance) were EUR 25,980.46 million as of 31 December 2013, representing an increase of 0.8% over the previous year (2012: EUR 25,776.35 million).