reports.uniqagroup.comUNIQA Group Report 2023 - UNIQA Annual report

2023 Group Report 2023 de en SearchHome At a glance At a glance Living better together Consolidated key figures Highlights 2023 Foreword by the CEO UNIQA Group UNIQA Group What we stand for What we stand for Mission Markets Most attractive employer Group Executive Board What we want to be What we want to be Overview UNIQA 3.0 strategic programme: the final sprint Inspiring Coaches Mavie – Healthier is better We offer investors We offer investors Overview Overall, a good year on the stock market UNIQA shares: once again a strong dividend yield UNIQA bonds: Solidly financed on a sustainable basis IFRS 9/17: new reporting, same strategy Corporate Governance Corporate Governance Overview Management Board Management Board Composition Work Supervisory Board Supervisory Board Composition Committees Work Independence Measures to promote women Diversity and inclusion Remuneration report Risk report Evaluation Report of the Supervisory Board Non-Financial Report Non-Financial Report About this report Company description Sustainability strategy and ESG integration Sustainability risks Environmental matters Social matters Customer focus and innovative services and products Data protection Cypersecurity Employee matters Diversity and inclusion Human rights Combatting corruption and bribery Disclosures according to the EU Taxonomy Regulation Declaration of the legal representatives Independent Limited Assurance Report Management Report Management Report Economic environment UNIQA Group UNIQA Group General Group business development Operating segments Operating segments UNIQA Austria UNIQA International Reinsurance Group Functions and consolidation Events after the reporting date Outlook Information pursuant to Section 243a(1) of the Austrian Commercial Code Disclosures required under Section 243a(2) of the Austrian Commercial Code Proposed appropriation of profit Financial Statements Financial Statements Consolidated Income Statement Consolidated Statement of Comprehensive Income Consolidated Statement of Financial Position Consolidated Statement of Changes in Equity Consolidated Statement of Cash Flows Notes to the Consolidated Financial Statements Notes to the Consolidated Financial Statements General information General information Accounting principles Use of judgements and estimates Changes in significant accounting policies Impact of Russia’s attack on Ukraine Segment reporting Segment reporting Operating segments Impairment by segment Operating segments – classified by business line UNIQA International – classified by region Consolidated statement of financial position – classified by business line Financial instruments Investments Investments 1. Investment property 2. Financial assets accounted for using the equity method 3. Other investments and unit-linked and index-linked life insurance investments 4. Net investment income Insurance contracts Insurance contracts 5. Insurance contracts Other non-current assets Other non-current assets 6. Property, plant and equipment 7. Intangible assets Other current assets Other current assets 8. Other assets 9. Cash 10. Assets and liabilities held for sale and discontinued operations Taxes Taxes 11. Income tax 12. Deferred taxes Social capital Social capital 13. Defined benefit plans 14. Defined contribution plans 15. Employees Equity Equity 16. Subscribed capital and capital reserves 17. Treasury shares 18. Capital management 19. Non-controlling interests Financial debts Financial debts 20. Subordinated liabilities 21. Financial liabilities 22. Liabilities and other items classified as liabilities Other non-technical income and expenses Other non-technical income and expenses 23. Other income 24. Other expenses Other disclosures Other disclosures 25. Group holding company 26. Remuneration for the Management Board and Supervisory Board 27. Share-based payment agreement with cash settlement 28. Relationships with related companies and persons 29. Other financial obligations and contingent liabilities 30. Expenses for the auditor of the financial statements 31. Consolidation principles 32. Basis of consolidation 33. Foreign currency translation Significant events after the reporting date Risk report Risk report 34. Risk strategy 35. Risk management system 36. Activities and objectives in 2023 37. Challenges and priorities in risk management for 2024 38. Risk profile 39. Reinsurance Approval for publication Declaration of the legal representatives Auditor’s Report Home At a glance At a glance Living better together Consolidated key figures Highlights 2023 Foreword by the CEO UNIQA Group UNIQA Group What we stand for What we stand for Mission Markets Most attractive employer Group Executive Board What we want to be What we want to be Overview UNIQA 3.0 strategic programme: the final sprint Inspiring Coaches Mavie – Healthier is better We offer investors We offer investors Overview Overall, a good year on the stock market UNIQA shares: once again a strong dividend yield UNIQA bonds: Solidly financed on a sustainable basis IFRS 9/17: new reporting, same strategy Corporate Governance Corporate Governance Overview Management Board Management Board Composition Work Supervisory Board Supervisory Board Composition Committees Work Independence Measures to promote women Diversity and inclusion Remuneration report Risk report Evaluation Report of the Supervisory Board Non-Financial Report Non-Financial Report About this report Company description Sustainability strategy and ESG integration Sustainability risks Environmental matters Social matters Customer focus and innovative services and products Data protection Cypersecurity Employee matters Diversity and inclusion Human rights Combatting corruption and bribery Disclosures according to the EU Taxonomy Regulation Declaration of the legal representatives Independent Limited Assurance Report Management Report Management Report Economic environment UNIQA Group UNIQA Group General Group business development Operating segments Operating segments UNIQA Austria UNIQA International Reinsurance Group Functions and consolidation Events after the reporting date Outlook Information pursuant to Section 243a(1) of the Austrian Commercial Code Disclosures required under Section 243a(2) of the Austrian Commercial Code Proposed appropriation of profit Financial Statements Financial Statements Consolidated Income Statement Consolidated Statement of Comprehensive Income Consolidated Statement of Financial Position Consolidated Statement of Changes in Equity Consolidated Statement of Cash Flows Notes to the Consolidated Financial Statements Notes to the Consolidated Financial Statements General information General information Accounting principles Use of judgements and estimates Changes in significant accounting policies Impact of Russia’s attack on Ukraine Segment reporting Segment reporting Operating segments Impairment by segment Operating segments – classified by business line UNIQA International – classified by region Consolidated statement of financial position – classified by business line Financial instruments Investments Investments 1. Investment property 2. Financial assets accounted for using the equity method 3. Other investments and unit-linked and index-linked life insurance investments 4. Net investment income Insurance contracts Insurance contracts 5. Insurance contracts Other non-current assets Other non-current assets 6. Property, plant and equipment 7. Intangible assets Other current assets Other current assets 8. Other assets 9. Cash 10. Assets and liabilities held for sale and discontinued operations Taxes Taxes 11. Income tax 12. Deferred taxes Social capital Social capital 13. Defined benefit plans 14. Defined contribution plans 15. Employees Equity Equity 16. Subscribed capital and capital reserves 17. Treasury shares 18. Capital management 19. Non-controlling interests Financial debts Financial debts 20. Subordinated liabilities 21. Financial liabilities 22....