EANS-News

UNIQA Insurance Group AG / UNIQA after first three months of 2018: premiums up, improved earnings - Seite 2

KPIs. Consistently high cost discipline helped to decrease the cost ratio from
25.9 per cent to 24.9 per cent. In terms of the combined ratio, UNIQA improved
to a good 97.4 per cent, after 97.7 per cent in the prior-year period, thus
getting another step closer to its target of 95 per cent in 2020.

For 2018 as a whole, UNIQA anticipates further growth in property insurance,
casualty insurance and health insurance. Despite high expenses for the
innovation and investment programme launched in 2016, UNIQA is pursuing further
improvement in its earnings before taxes. It is likewise keeping to its plan to
continuously increase the annual distribution per share in the years to come as
part of a progressive dividend policy.

On 24 May 2018, UNIQA will publish its report on the 1st quarter of 2018 as well
as its Solvency and Financial Condition Report (SFCR)for 2017, in which it
reports its regulatory capital requirement (SCR ratio) of 250 per cent (2016:
202 per cent) a very healthy figure by international standards. Building upon
this secure foundation, UNIQA continues to work with full commitment on
optimising its actuarial core business while at the same time transforming its
business model into a future-oriented one.


Key Group figures 1-3/2018 in detail

Total premiums written by the UNIQA Group including the savings portion of unit-
and index-linked life insurance increased by 1.6 per cent to EUR1,535.4 million
in the first quarter of 2018 (1-3/2017: EUR1,511.9 million) due to solid growth
in property insurance, casualty insurance and health insurance. The recurring
premiums this included rose by 4.1 per cent to EUR1,506.3 million (1-3/2017:
EUR1,446.6 million), while in life insurance they declined by 1.1 per cent to
EUR361.3 million (1 - 3/2017: EUR386.5 million) and single premiums in life
insurance decreased by 55.5 per cent to EUR29.1 million (1-3/2017: EUR65.3
million) in line with strategy. Premiums earned including the net savings
portion of the premiums from unit- and index-linked life insurance remained at
the prior-year level at EUR1,282.6 million (1-3/2017: EUR1,279.7 million).
Retained premiums earned (in accordance with IFRS) increased by 4.6 per cent to
EUR1,210.6 million (1-3/2017: EUR1,157.6 million).

Premiums written in property and casualty insurance rose in CEE in particular
and climbed by 6.5 per cent in the first three months of 2018 to EUR868.8
million (1-3/2017: EUR815.7 million). Premiums written in health insurance rose
by 3.9 per cent to EUR280.1 million (1-3/2017: EUR269.7 million). In life
insurance, total premiums written including the savings portion of unit- and
index-linked life insurance - driven by the planned reduction of single premiums