EANS-Adhoc: UNIQA Insurance Group AG
Earnings figures for the third quarter
2013:
Earnings and premiums further increased
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other/9-month report
14.11.2013
Earnings figures for the third quarter 2013:
Earnings and premiums further increased
· Premiums written increased by 8.2 per cent to 4,447.3 million euros
· Combined ratio improves from 101.0 per cent to 98.8 per cent
· Profit on ordinary activities growth of 74.7 per cent to 266.3 million
euros
· Consolidated net profit up 124.4 per cent to 209.7 million euros
· Anticipated profit from ordinary activities of around
300 million euros for 2013 as a whole - excluding one-off effects
In the first nine months of 2013, the UNIQA Group (UNIQA) increased its profit
on ordinary activities (EBT) by 74.7 per cent to 266.3 million euros (1 - 9/
2012: 152.4 million euros). This figure includes the profit from the sale of
hotel holdings amounting to 51.6 million euros. Consolidated net profit (after
taxes and minority interests) increased by 139.5 per cent to 223.8 million euros
(1 - 9/2012: 93.5 million euros).
Premiums written including the savings portion of unit- and index-linked life
insurance increased by 8.2 per cent to 4,447.3 million euros (1 - 9/2012:
4,112.1 million euros). The Group cost ratio after reinsurance fell to 23.1 per
cent (1 - 9/2012: 24.8 per cent). The combined ratio in property and casualty
insurance after reinsurance improved to 98.8 per cent (1 - 9/2012: 101.0 per
cent. The adjustedreturn on equity (ROE) after taxes and minority interests
amounted to 12.6 per cent (1 - 9/2012: 9.8 per cent).
Based on current assessments, UNIQA Group anticipates a profit from ordinary
activities of around EUR 300 million for 2013 as a whole, not including non-
recurring items such as the sale of the hotel holding. This assumes that there
will be no significant setbacks on the capital markets in the remaining weeks of
the year and that no extraordinary losses will occur as a result of natural
disasters.
Key data for the third quarter of 2013
1-9/2013 1-9/2012 Change in %
Figures in EUR million
unless otherwise stated
Premiums written
including the savings
portion from unit- and
index-linked life
insurance 4,447.3 4,112.1 +8.2
of which property
and casualty
insurance 2,007.7 1,947.3 +3.1
of which health
insurance 705.3 680.1 +3.7
of which life
insurance 1,734.2 1,484.7 +16.8
of which recurring
premiums 1,241.2 1,139.2 +8.9
of which single
premiums 493.1 344.7 +43.0
Premiums earned
including the savings
portion from unit- and
index-linked life
insurance 4,201.3 3,847.0 +9.2
Retained insurance
benefits -2,960.1 -2,839.1 +4.3
Operating expenses1) -968.9 -953.4 +1.6
Cost ratio (after
reinsurance) 23.1% 24.8% -
Combined ratio (after
reinsurance) 98.8% 101.0% -
Net investment income 561.8 621.3 -9,6
Operating profit 287.6 175.9 +63.5
Profit on ordinary
activities 266.3 152.4 +74.7
Net profit for the
period 213.1 131.6 +61.9
Consolidated
net profit 209.7 93.5 +124.4
Earnings per share 0,98 0,60 +64,5
Return on equity (ROE)
after taxes and non-
controlling interests
(adjusted) 12.6% 9.8% -
Investments(2) 26,883.2 26,307.6(3) +2.2
Total equity including
non-controlling
interests 1,990.1 2,017.6(3) -1.4
1) Incl. reinsurance commissions and profit shares from reinsurance business
ceded.
2) Incl. owner-occupied land and buildings, investment property, shares in
associates, unit- and index-linked life insurance investments and cash and cash
equivalents.
3)Figures as at 31 December 2012
Clause regarding predictions about the future:
This notification contains statements which refer to the future development of
the UNIQA Group. These statements present estimations which were reached upon
the basis of all of the information available to us at the present time. If the
assumptions on which they are based do not occur, the actual events may vary
from the results currently expected. As a result, no guarantee can be provided
for the information given.
Further inquiry note:
UNIQA Insurance Group AG
Norbert Heller
Tel.: +43 (01) 211 75-3414
mailto:norbert.heller@uniqa.at
end of announcement euro adhoc
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issuer: UNIQA Insurance Group AG
Untere Donaustraße 21
A-1029 Wien
phone: 01/211 75-0
mail: investor.relations@uniqa.at
WWW: http://www.uniqagroup.com
sector: Insurance
ISIN: AT0000821103
indexes: WBI, ATX Prime
stockmarkets: official market: Wien
language: English
Original content of: UNIQA Insurance Group AG, transmitted by news aktuell