Uniqa Insurance Q1 EBT Improved By 16.8% To EUR 145.1 Mln
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
(Gdansk Newsroom)
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