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UQA UNIQA Insurance AG News Story

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-UNIQA Insurance rises as P&C premiums boost earnings

BUZZ--UNIQA Insurance rises as P&C premiums boost earnings

** Shares of Uniqa Insurance Group UNIQ.VI are up 2.2% after the Austrian insurer's property and casualty business drove higher Q1 earnings

** The company's consolidated net profit rose by 7.5% to €128 million ($149 million) in the quarter

** That was driven by a 19.5% increase in premiums in the P&C segment, which accounts for more than two-thirds of Uniqa's overall business

** Erste analysts say that within the P&C segment, reinsurance business Uniqa Re performed particularly well, also due to seasonal effects

** "Overall, earnings momentum remains intact," Erste adds

** The shares, up around 8% YTD, are on track for their best day in three weeks if the gains hold

($1 = 0.8586 euros)


(Reporting by Simon Ferdinand Eibach)

((Simonferdinand.eibach@thomsonreuters.com:))

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