Brief: UNIQA Insurance Group Capital Requirement Ratio Up To 246%

UNIQA Insurance AG

13/04/2023 07:01

April 13 (Reuters) - Uniqa Insurance Group AG  UNIQ.VI :
    * CFO - WE MANAGED TO IMPROVE OUR TECHNICAL RESULT FURTHER
AND
INCREASE OUR EARNINGS BEFORE TAXES TO €422 MILLION
    * CFO - OUR PREMIUM VOLUME ROSE BY 3.9 PER CENT TO €6,605.0
MILLION, WHILE OUR COMBINED RATIO IMPROVED SIGNIFICANTLY ONCE
AGAIN TO A PLEASING 92.9%
    * UNIQA: CAPITAL REQUIREMENT RATIO IMPROVES TO 246 PER CENT
    * THE SCR RATIO, FOR WHICH UNIQA IS NOT MAKING USE OF ANY
TRANSITIONAL REGULATIONS, IS BASED ON OWN FUNDS OF €5,607
MILLION (2021: €5,314 MILLION) VERSUS THE EQUITY REQUIREMENT OF
€2,284 MILLION (2021: €2,714 MILLION)
    * THE COMPANY IS INTENDING TO MAKE AN ORDERLY WITHDRAWAL
FROM OIL
(BY 2030) AND GAS (BY 2035) IN TERMS OF ITS INVESTMENTS AND
INDUSTRIAL ACTIVITIES

Source text for Eikon:  ID: 
Further company coverage:  UNIQ.VI 

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