Brief: UNIQA 9-Month EBT Of EUR 275 Million

UNIQA Insurance AG

17/11/2022 07:06

Nov 17 (Reuters) - UNIQA INSURANCE GROUP AG  UNIQ.VI :
    * 9-MONTH EARNINGS BEFORE TAXES OF €275 MILLION
    * 9-MONTH PREMIUMS WRITTEN GREW BY 4.3 PER CENT BY THE END
OF
SEPTEMBER 2022
    * 9-MONTH COMBINED RATIO INCREASED SLIGHTLY TO 94.4 PER CENT
(1 –
9/2021: 94.2 PER CENT) DUE TO HIGH CLAIMS BURDENS FROM MAJOR
LOSSES AND SEVERE WEATHER
    * 9-MONTH OVERALL COST RATIO UP TO 26.7 PER CENT (1 –
9/2021: 26.4
PER CENT) DUE TO INFLATION
    * 9-MONTH PREMIUMS WRITTEN IN PROPERTY AND CASUALTY
INSURANCE ROSE
BY 5.5 PER CENT TO €2,832.2 MILLION (1 – 9/2021: €2,685.3
MILLION)
    * 9-MONTH LIFE INSURANCE PREMIUMS WRITTEN INCLUDING SAVINGS
PORTIONS FROM UNIT-LINKED AND INDEX-LINKED LIFE INSURANCE UP BY
1.2 PER CENT TO €1,237.4 MILLION (1 – 9/2021: €1,223.2 MILLION)
    * 9-MONTH NET INVESTMENT INCOME DECREASED BY 11.7 PER CENT
TO
€368.8 MILLION (1 – 9/2021: €417.8 MILLION)
    * 9-MONTH OPERATING PROFIT FELL BY 11.5 PER CENT TO €345.4
MILLION
(1 – 9/2021: €390.4 MILLION)
    * 9-MONTH CONSOLIDATED PROFIT INCREASED BY 3.0 PER CENT TO
€242.9
MILLION (1 – 9/2021: €235.8 MILLION)
    * EXPECTS RISING PREMIUM INCOME AND STRONG DEVELOPMENT IN
THE
TECHNICAL CORE BUSINESS THIS YEAR
    * STILL NOT ISSUING A PROFIT FORECAST FOR THE YEAR AS A
WHOLE
    * SOLVENCY II RATIO AS AT 30 SEPTEMBER 2022 WAS 244 PER CENT
(31
DECEMBER 2021: 196 PER CENT)

Further company coverage:  UNIQ.VI 
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