Investments
In property and casualty insurance, investments (including cash and cash equivalents) of EUR 8,609.59 million (+2.0%) were held as of 31 December 2011. In life insurance, investments were EUR 19,048.67 million (2010: EUR 19,096.18 million), and in the area of health insurance, Vienna Insurance Group investments fell by 2.6% to EUR 995.25 million.
Underwriting provisions
Underwriting provisions rose 3.4% to EUR 4,796.72 million compared to 2010 in the property and casualty area. In life insurance, underwriting provisions were EUR 18,215.47 million as of 31 December 2011, 1.3% below the figure in the previous year. In health insurance, underwriting provisions rose by 6.3%, to EUR 980.35 million.
Underwriting provisions for unit-linked and index-linked life insurance increased by 1.9%, from EUR 5,227.93 million in 2010 to EUR 5,329.38.
The mathematical reserve and the provision for outstanding claims are broken down by lines of business and maturities as follows:
Composition mathematical reserve
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|
|
31.12.2011 |
31.12.2010 |
|
in EUR million |
|
|
|
Property/Casualty insurance |
0.14 |
0.13 |
|
Life insurance |
17,434.23 |
17,390.37 |
|
for guaranteed policy benefits |
16,127.48 |
15,955.21 |
|
for allocated and committed profit shares |
1,306.75 |
1,435.16 |
|
Health insurance |
905.24 |
841.01 |
|
Total |
18,339.61 |
18,231.51 |
Maturity structure mathematical reserve
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|
|
31.12.2011 |
31.12.2010 |
|
in EUR million |
|
|
|
up to one year |
1,738.69 |
1,861.88 |
|
more than one year up to five years |
6,182.49 |
6,165.35 |
|
more than five years up to ten years |
3,260.25 |
3,393.21 |
|
more than ten years |
7,158.18 |
6,811.08 |
|
Total |
18,339.61 |
18,231.51 |
Composition Provision for outstanding claims
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|
|
31.12.2011 |
31.12.2010 |
|
in EUR million |
|
|
|
Property/Casualty insurance |
3,652.37 |
3,509.23 |
|
Life insurance |
239.80 |
207.69 |
|
Health insurance |
46.25 |
50.80 |
|
Total |
3,938.42 |
3,767.72 |
Maturity structure Provision for outstanding claims
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|
|
31.12.2011 |
31.12.2010 |
|
in EUR million |
|
|
|
up to one year |
1,602.98 |
1,654.43 |
|
more than one year up to five years |
1,177.49 |
1,060.85 |
|
more than five years up to ten years |
345.98 |
288.77 |
|
more than ten years |
811.97 |
763.67 |
|
Total |
3,938.42 |
3,767.72 |
