Brief: Uniqa plans no dividend or board bonuses as pre-tax profit returns

UNIQA Insurance AG

20/08/2020 06:51

Aug 20 (Reuters) - Uniqa  UNIQ.VI :
    * UNIQA SAYS EARNINGS BEFORE TAXES IN THE SECOND QUARTER
WERE EUR
69 MILLION
    * UNIQA SAYS OVER THE FIRST HALF OF THE YEAR, EARNINGS
BEFORE
TAXES AMOUNTED TO EUR 55.4 MILLION IN TOTAL
    * UNIQA SAYS PREMIUMS WRITTEN ROSE SLIGHTLY BY 0.5% TO EUR
2,827.8
MILLION IN THE FIRST HALF OF 2020
    * UNIQA SAYS COMBINED RATIO AFTER REINSURANCE DECLINED TO
96.7% AS
A RESULT OF A SIGNIFICANTLY LOWER LOSS RATIO
    * UNIQA SAYS CONSOLIDATED NET PROFIT DECREASED BY 61.7% TO
EUR
40.5 MILLION
    * UNIQA SAYS ANTICIPATES THAT EARNINGS BEFORE TAXES FOR 2020
AS A
WHOLE MAY POTENTIALLY BE NEGATIVE
    * UNIQA SAYS  DOES NOT INTEND TO DISTRIBUTE A DIVIDEND FOR
THE
2020 FINANCIAL YEAR
    * UNIQA SAYS NO MANAGEMENT BOARD BONUSES (STI) WILL BE PAID
FOR
THE 2020 FINANCIAL YEAR

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