EANS-News

UNIQA Insurance Group AG / Preliminary Figures 2017 - Seite 2

ratio from 120 per cent to 97.5 per cent - despite claims paid of approximately
EUR120 million for weather damage. Declines in investment income, resulting from
the ongoing effects of low interest rates, are more than compensated for by
strong growth in the underwriting result of 43.8 per cent. On the basis of this
result and the strong capitalisation with an SCR ratio of more than 250 per
cent, the Management Board will propose to the Supervisory Board and Annual
General Meeting to continue, as planned, with the progressive dividend policy in
recent years and further increase the dividend for the sixth time in a row from
49 cents in the previous year to 51 cents per share for the 2017 financial year.

Outlook - continuation of the growth strategy with clear targets
Rapidly changing customer requirements resulting from the digital revolution,
transformation of business models, increased customer confidence as a result of
the economic momentum and clear challenges in the area of social systems make
the insurance sector one of the most exciting industries today. In view of these
trends, UNIQA is anticipating an average upturn of premiums written by
approximately 2 per cent per year for the period to 2020. For the third phase of
its strategy programmes it has set clear objectives - sustained reduction of the
combined ratio to below 95 per cent combined with a further improvement of
efficiency and the cost structure, despite the cost ratio moving upwards in the
medium term due to the EUR500 million investment programme. UNIQA is also aiming
to maintain a strong economic capital ratio and average an operating return on
equity of approximately 13.5 per cent between 2017 and 2020.

For 2018, UNIQA anticipates a further improvement of EBT and intends to continue
its progressive dividend policy and to increase the distribution per share.

Key Group figures for 2017 in detail and 2018 guidance
Total premiums written by the UNIQA Group including the savings portion of unit-
and index-linked life insurance increased by 4.9 per cent to EUR5,293.3 million
in 2017 (2016: EUR5,048.2 million) due to solid growth in all segments. This
included recurring premiums which increased by 3.3 per cent to EUR5,039.3
million (2016: EUR4,879.0 million). Premiums earned including the savings
portion of unit- and index-linked life insurance (after reinsurance) of EUR476.2
million (2016: EUR384.7 million) increased by 5.7 per cent to EUR5,104.1 million
(2016: EUR4,827.7 million). Retained premiums earned (in accordance with IFRS)