Brief: UNIQA Insurance Q1 Consolidated Net Loss At EUR 13.2 Mln

UNIQA Insurance AG

22/05/2020 06:39

May 22 (Reuters) - UNIQA INSURANCE GROUP AG  UNIQ.VI :
    * IS ANTICIPATING THE POSSIBILITY OF A NEGATIVE RESULT
BEFORE
TAXES FOR 2020 AS A WHOLE. THE DIVIDEND FOR THE 2020 FINANCIAL
YEAR WILL NOT BE PAID.
    * Q1 OPERATING EARNINGS FELL TO € 1.6 MILLION (JANUARY TO
MARCH
2019: € 56.1 MILLION)
    * Q1 INVESTMENT INCOME FELL BY 11.7 PER CENT TO € 89.7
MILLION IN
THE FIRST QUARTER OF 2020
    * CANNOT MAINTAIN ITS OUTLOOK FOR THE 2020 FINANCIAL YEAR
    * Q1 CONSOLIDATED NET LOSS € 13.2 MILLION (JANUARY TO MARCH
2019:
PROFIT € 32.2 MILLION)
    * Q1 GROUP’S EARNINGS BEFORE TAXES AMOUNTED TO € – 13.9
MILLION
(JANUARY TO MARCH 2019: € 42.3 MILLION).

Source text: https://bit.ly/3cTmcX1
Further company coverage:  UNIQ.VI 

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