Brief: Uniqa Insurance Q1 EBT Improved By 16.8% To EUR 145.1 Mln

UNIQA Insurance AG

24/05/2024 06:33

May 24 (Reuters) - UNIQA INSURANCE GROUP AG  UNIQ.VI :
    * NET INVESTMENT INCOME ROSE TO €237.5 MILLION IN THE FIRST
THREE
MONTHS OF 2024
    * Q1 EBT IMPROVED BY 16.8 PER CENT TO €145.1 MILLION (1 –
3/2023:
€124.3 MILLION)
    * OUTLOOK: WE CONTINUE TO ANTICIPATE HIGH EXPENSES IN THE
2024
FINANCIAL YEAR FOR BENEFITS IN PROPERTY AND HEALTH INSURANCE AS
WELL AS IN THE GENERAL COST AREA DUE TO INFLATION
    * OUTLOOK: WE ARE FOCUSING ON FURTHER IMPROVING OUR CORE
UNDERWRITING BUSINESS IN OUR TWO HOME MARKETS OF AUSTRIA AND CEE
    * OUTLOOK: THE PAYOUT RATIO WILL REMAIN UNCHANGED AT UP TO
60 PER
CENT
    * Q1 IN HEALTH INSURANCE, GROWTH OF 11.8 PER CENT TO €387.1
MILLION IN PREMIUMS WRITTEN
    * OUTLOOK: WE EXPECT OUR TARGET PROFITABILITY TO BE AT THE
LEVEL
OF 2023
    * Q1 THE PREMIUMS WRITTEN IN PROPERTY AND CASUALTY INSURANCE
GREW
BY 13.7 PER CENT TO €1,375.7 MILLION
    * Q1 THE GROSS COMBINED RATIO IN PROPERTY AND CASUALTY
INSURANCE
FELL TO 86.7 PER CENT (1 – 3/2023: 88.7 PER CENT)
    * Q1 THE PROPORTION OF NET PROFIT/(LOSS) FOR THE PERIOD
ATTRIBUTABLE TO THE SHAREHOLDERS INCREASED BY 5.9 PER CENT TO
€106.9 MILLION (1 – 3/2023: €101.0 MILLION)

Further company coverage:  UNIQ.VI 

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