EANS-News

UNIQA Insurance Group AG / Preliminary Figures 2017

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UNIQA 2017: Key figures improved at all levels ? continuation of the long-term
growth strategy and the progressive dividend policy

Annual Result

Wien -

* Group premiums written rise 4.9 per cent to EUR5,293.3 million
* Cost ratio improves from 26.6 per cent to 25.0 per cent
* Combined ratio lowered to 97.5 per cent
* Investment income declines by 4.7 per cent to EUR560.9 million due to
continuing low interest rate environment
* Excellent capital position - SCR ratio more than 250 per cent, strong in an
international comparison
* Earnings before taxes up 7.4 per cent to EUR242.2 million
* Dividend proposal: EUR0.51 per share for 2017 (2016: EUR0.49)
* For 2018 a further increase in the EBT and dividend is anticipated


UNIQA CEO Andreas Brandstetter comments on the key results for 2017: "We are in
the sixth year of our long-term UNIQA 2.0 programme and with our excellent
capital position in comparison to our European peers, we have established the
foundation for our growth and innovation strategy. The robust result for 2017
with strong premium growth, improved key operating figures and an upturn in
earnings before tax shows that our five initiatives to improve profitability in
the core business are impacting. As a result we have created the necessary scope
to advance our vision of an integrated service provider which picks up our
customers where they are in their digital and analogue worlds. The new
Management Board areas of 'Digitalisation' and 'Customer and Market', our
innovation and digitalisation programme with 130 new jobs as well cooperations
with fintechs, start-ups and accelerators make it quite clear just how important
this topic is for us. Above-average recommendation rates from our customers in
all core markets show that we are on the right track. On the basis of the sound
annual result for 2017, the Management Board will propose to the Supervisory
Board and Annual General Meeting a further increase in the dividend."

Key figures improved at all levels
Another dividend increase
At EUR242.2 million, EBT in 2017 - according to preliminary figures - is up 7.4
per cent on last year's results of EUR225.5 million. Premiums written (including
savings portion) increased by 4.9 per cent to EUR5,293.3 million. In addition,
the Group cost ratio improved from 26.6 per cent to 25 per cent and the combined