EANS-Adhoc

UNIQA Insurance Group AG / Significant growth in premiums and earnings in 2014

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annual result/Preliminary results for 2014
06.03.2015

Preliminary results for 2014: UNIQA records significant growth in
premiums and earnings despite difficult environment

· EBT improves again by 22.9% to EUR377.9 million · Retained premiums
earned increase by 7.6% to EUR5,312.9 million · Net combined ratio
declines from 99.8% to 99.5% · Costs reduced by another EUR79 million
· Dividend proposal raised again by 20% to 42 cents per share (2013:
35 cents)

In the 2014 financial year, the UNIQA Insurance Group (UNIQA)
improved its preliminary profit on ordinary activities (EBT) by 22.9%
to EUR377.9 million (2013: EUR307.6 million). The preliminary
consolidated net profit (after taxes and minority interests) was
virtually unchanged at EUR289.9 million (2013: EUR284.7 million),
since the figure for 2013 included a result from discontinued
operations (disposal of the Mannheimer Group) of EUR50.0 million
after taxes. On a like-for-like basis (not including this
non-recurring effect in 2013), consolidated net profit was up 23.5%.

The Management Board will propose to the Supervisory Board and Annual
General Meeting that a dividend of 42 cents per share - 20% higher
than the dividend for 2013 of 35 cents - be paid for the 2014
financial year.

UNIQA currently still expects double-digit percentage growth in the
profit on ordinary activities based on further operative improvements
in the core business to a level of EUR425 million to EUR450 million
in 2015 as against 2014. This assumes that the capital market
environment will be stable, that economic development will improve
moderately and that losses caused by natural disasters will remain
within a normal range.

************************************ Key data for the 2014 financial
year ************************************
2014 2013 Change in % Figures in millions of euros
unless otherwise stated

Premiums written including the savings portion from unit- and
index-linked life insurance 6,064.4 5,885.5
+3.0%

Premiums earned including the savings portion from unit- and
index-linked life insurance 5,839.0 5,640.9
+3.5%

Retained premiums earned in

accordance with IFRS 5,312.9 4,938.6 +7.6%

Retained insurance benefits1) -4,383.7 -3,959.4 +10.7%

Operating expenses2) -1,275.3 -1,354.2 -5.8%

Cost ratio (after reinsurance) 21.8% 24.0%

Combined ratio (after
reinsurance) 99.5% 99.8%

Net investment income 864.4 780.0 +10.8%

Operating profit 447.6 347.2 +28.9%

Profit on ordinary activities 377.9 307.6 +22.9%

Consolidated net
profit 289.9 284.7 +1.8%

Investments3) 29,212.7 27,383.6 +6.7%

Total equity including non-
controlling interests 3,102.4 2,785.1 +11.4%


1) Including expenses for profit-sharing and premium refunds

2) Less reinsurance commissions and profit shares from reinsurance
business ceded. 3) Including owner-occupied land and buildings, land
and buildings held as financial investments, shares in associated
companies, unit- and index-linked life insurance investments and
liquid funds.

Note: All the figures for the 2014 financial year are based on
unaudited preliminary data. The final annual report with audited
figures will be published on the Group website www.uniqagroup.com on
15 April.

Forward-looking statements This press release contains statements
concerning UNIQA's future development. These statements present
estimates which were reached on the basis of all of the information
available to us at the present time. If the assumptions on which they
are based do not occur, the actual results may deviate from the
results currently expected. As a result, no liability is accepted for
this information.

Further inquiry note:
UNIQA Insurance Group AG

Norbert Heller

Tel.: [phone]

mailto:[e-mail]

end of announcement euro adhoc
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issuer: UNIQA Insurance Group AG
Untere Donaustraße 21
A-1029 Wien
phone: [phone]
mail: [e-mail]
WWW: http://www.uniqagroup.com
sector: Insurance
ISIN: AT0000821103
indexes: WBI, ATX Prime, ATX
stockmarkets: official market: Wien
language: English