EANS-Adhoc: UNIQA Insurance Group AG
UNIQA significantly improves capital
position to 215 per cent
-------------------------------------------------------------------------------- Disclosed inside information pursuant to article 17 Market Abuse Regulation (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- other/Economic capital requirement ratio 21.04.2017 The economic capital requirement ratio of the UNIQA Group was 215 per cent on 31 December 2016 on the basis of the internal management formula and thus at a very high level. This economic capital requirement ratio already reflects the sale of shares in Italy. The year-on-year improvement is around 33 percentage points. As well as operating improvements in the actuarial field of health and life insurance, the sale of the Italian companies (closing expected in Q2/17) was a major driver of the increased capital ratio. The market consistent embedded value after minority interests of the UNIQA Group improved by 7.3 per cent in the past year to EUR 5,068 million (2015: EUR 4,725 million). The value of in-force business (VIF) in life and health insurance increased by 14.1 per cent to EUR 2,107 million (2015: EUR 1,847 million). The new business margin improved to 4.3 per cent (2015: 2.4 per cent); for CEE, it remained at a persistently high level of 5.4 per cent in 2016 (2015: 6.0 per cent). These once again significantly improved ratios impressively demonstrate the positive progress in the sustainable strengthening of the profitability of the core business as part of the long-term growth strategy UNIQA 2.0 launched in 2011. At the same time, the progressive dividend policy with annual increases in the dividend per share is thus continued and secured for the long term. The provisional regulatory capital requirement ratio according to Solvency II (EIOPA standard formula) as of 31 December 2016 was 202 per cent. In accordance with the legal regulations, this does not yet take into account the sale of the Italian entities. ECR Report, ECR & MCEV Presentation and MCEV Disclosure will be published on Group's Website at www.uniqagroup.com. The following UNIQA securities are admitted for trading on a regulated market: Issue: ISIN: Trading segment: Share AT0000821103 Vienna Stock Exchange Official trading UNIQA subord. bond 13-43 XS0808635436 Luxembourg Stock Exchange Regulated Market UNIQA subord. bond 15-46 XS1117293107 Vienna Stock Exchange Second Regulated Market 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 -------------------------------------------------------------------------------- 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, ATX stockmarkets: official market: Wien language: English
Original content of: UNIQA Insurance Group AG, transmitted by news aktuell