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UNIQA Insurance Group AG / Preliminary Figures 2017 - Seite 3

were up by 4.2 per cent at EUR4,627.9 million (2016: EUR4,443.0 million).

All three insurance sectors again recorded positive growth rates in 2017.
Premiums written in property and casualty insurance increased in 2017 by 4.8 per
cent to EUR2,639.7 million (2016: EUR2,518.4 million). In the reporting period,
premiums written in health insurance rose by 3.8 per cent to EUR1,042.0 million
(2016: EUR1,003.7 million). In life insurance, premiums written including the
savings portion of unit- and index-linked life insurance - driven particularly
by a strong upturn of single premiums in Poland - rose by a total of 5.6 per
cent to EUR1,611.6 million (2016: EUR1,526.1 million).

In international business premiums written climbed by a strong 14.9 per cent to
EUR1,608.5 million (2016: EUR1,399.9 million). In Austria they rose by 0.7 per
cent to EUR3,656.6 million (2016: EUR3,631.5 million).

The total amount of retained insurance benefits of the UNIQA Group rose by 5.1
per cent to EUR3,558.6 million in 2017 (2016: EUR3,385.6 million).

Total operating expenses less reinsurance commissions received and profit shares
from the reinsurance business fell by 0.8 per cent to EUR1,276.0 million in 2017
(2016: EUR1,286.4 million). Operating expenses for acquisition decreased by 2.3
per cent to EUR679.2 million (2016: EUR 869.4 million) as a result of a decline
in life and health premiums. Other operating expenses increased as a result of
expenses in the context of the innovation and investment programme of
approximately EUR41 million to EUR420.3 million (2016: EUR 417.0 million).

The cost ratio after UNIQA reinsurance - the ratio of total operating expenses
less reinsurance commissions and profit shares from the reinsurance business to
Group premiums earned including the savings portion of unit- and index-linked
life insurance - improved to 25.0 per cent in 2017 (2016: 26.6 per cent). Due to
the improved cost ratio, the combined ratio after reinsurance dropped to 97.5
per cent (2016: 98.1 per cent).

Investment income decreased by 4.7 per cent to EUR560.9 million in 2017 (2016:
EUR588.9 million) under the influence of persistently low interest rates and
negative exchange rate effects amounting to around EUR60 million.

The investment portfolio of the UNIQA Group (including investment property,
financial assets accounted for using the equity method and other investments)
decreased in the financial year by EUR147.1 million to EUR19,877.7 million as at
(31 December 2016: EUR20,024.8 million).

The technical result of the UNIQA Group increased significantly by 43.8 per cent
to EUR106.2 million in 2017 (2016: EUR73.9 million). This improvement reflects