Brief: UNIQA Expects To Complete Sale Of Russia Business In H1 2024

UNIQA Insurance AG

23/11/2023 06:42

Nov 23 (Reuters) - UNIQA INSURANCE GROUP AG  UNIQ.VI :
    * MANAGEMENT BOARD IS BEING DOWNSIZED FURTHER
    * THE MANAGEMENT BOARD TEAM, WHICH WILL CONTINUE TO BE
IDENTICAL
FOR THE LISTED UNIQA INSURANCE GROUP AG AND ITS SUBSIDIARY UNIQA
ÖSTERREICH VERSICHERUNGEN AG, WILL COMPRISE SEVEN INSTEAD OF
NINE MEMBERS IN FUTURE
    * THESE ARE THE REASONS WHY NO OUTLOOK CAN BE PROVIDED ON
THE
DEVELOPMENT OF RESULTS IN THE 2023 FINANCIAL YEAR
    * CONTINUES TO PLAN FOR AN ATTRACTIVE ANNUAL DIVIDEND
DISTRIBUTION
DESPITE THE CHALLENGING ECONOMIC AND POLITICAL ENVIRONMENT
    * 9M  EARNINGS BEFORE TAXES IMPROVED SIGNIFICANTLY BY 21.7
PER
CENT TO €304.9 MILLION
    * 9M  CONSOLIDATED PROFIT INCREASED BY 2.5 PER CENT TO
€224.5
MILLION (1 – 9/2022: €219.1 MILLION)
    * EXPECTS TO COMPLETE THE SALE OF RUSSIA BUSINESS IN THE
FIRST
HALF OF 2024, SUBJECT TO ALL GOVERNMENTAL APPROVAL

Further company coverage:  UNIQ.VI 

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