EANS-News

UNIQA Insurance Group AG / UNIQA on track to achieve targets set - Seite 4

Consolidated profit(net profit for the period attributable to the
shareholders of UNIQA Insurance Group AG) decreased in line with
planning by 39.3 per cent to EUR 148.8 million (1 - 9/2015: EUR 245.0
million). Earnings per shareamounted to EUR 0.48 (1 - 9/2015: EUR
0.79).

The UNIQA Group's equityposted an increase of 6.8 per cent since the
beginning of the year and amounted to EUR 3,367.9 million as at 30
September 2016 (31 December 2015: EUR 3,152.7 million).

The average number of employeesat the UNIQA Group decreased to 13,908
in the first nine months of 2016 (1 - 9/2015: 14,038).

Outlook for 2016

At the beginning of 2016, UNIQA launched the biggest innovation
programme in the company's history and will invest around EUR 500
million in the redesign of the business model, the necessary build-up
of staff expertise and the required IT systems over the next ten
years. A good portion of these considerable future investments will
take effect in 2016. In combination with the persistently difficult
conditions - such as ongoing low interest rates, sinking investment
income and political uncertainty in individual markets - UNIQA
expects earnings before taxes in the 2016 financial year to be up to
50 per cent lower than the very good earnings for 2015. Despite the
investments and the challenging economic environment, UNIQA intends
to continuously increase the annual distribution per share in the
years to come as part of a progressive dividend policy.

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.

UNIQA The UNIQA Group is one of the leading insurance groups in its
core markets of Austria and Central and Eastern Europe (CEE). 21,300
employees and exclusive sales partners serve more than 10 million
customers in 19 countries. UNIQA is the second-largest insurance
group in Austria with a market share of around 22 per cent. UNIQA
operates in 15 markets in the CEE growth region: Albania, Bosnia and
Herzegovina, Bulgaria, Croatia, the Czech Republic, Hungary, Kosovo,
Macedonia, Montenegro, Poland, Romania, Russia, Serbia, Slovakia and
Ukraine. The UNIQA Group also includes insurance companies in Italy,
Switzerland and Liechtenstein.

Further inquiry note:
UNIQA Insurance Group AG
Norbert Heller
Tel.: [phone]
mailto:[e-mail]

end of announcement euro adhoc
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company: 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