EANS-Adhoc: UNIQA Insurance Group AG Figures for the first half of 2013: UNIQA
generates significant growth in earnings and premiums
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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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Mid Year Results
27.08.2013
Figures for the first half of 2013:
UNIQA generates significant growth in earnings and premiums
· Premiums written increased by 7.4 per cent to 3,068.1 million euros
· Combined ratio improves from 100.7 per cent to 99.4 per cent despite
flood damage
· Profit on ordinary activities growth of 84.5 per cent to 196.6
million euros
· Consolidated net profit up 162.7 per cent to 150.6 million euros
In the first half of 2013, the UNIQA Group (UNIQA) increased the profit on
ordinary activities (EBT)by 84.5 per cent to 196.6 million euros (first half of
2012: 106.5 million euros) despite net costs of around 30 million euros as a
result of flood damage. Consolidated net profit (after taxes and minority
interests) increased by 162.7 per cent to 150.6 million euros (first half of
2012: 57.3 million euros).
Premiums written including the savings portion of unit- and index-linked life
insurance increased by 7.4 per cent to 3,068.1 million euros (first half of
2012: 2,856.4 million euros). The Group cost ratio after reinsurance fell to
23.0 per cent (first half of 2012: 23.9 per cent). Despite the impact of the
flood damage, the combined ratio in property and casualty insurance after
reinsurance improved to 99.4 per cent (first half of 2012: 100.7 per cent).
Adjusted for flood damage, the combined ratio amounted to around 97.0 per cent.
The adjusted(1)return on equity (ROE) after taxes and minority interests
amounted to 13.1 per cent (first half of 2012: 12.0 per cent).
Key data for the second quarter of 2013
Figures in EUR million Change in
1-6/2013 1-6/2012 %
Premiums written including the savings
portion from unit- and index-linked
life insurance 3,068.1 2,856.4 +7.4
of which property and casualty insurance 1,411.6 1,352.5 +4.4
of which health insurance 472.1 456.8 +3.4
of which life insurance 1,184.4 1,047.1 +13.1
of which recurring premiums 858.9 773.7 +11.0
of which single premiums 325.5 273.4 +19.1
Premiums earned including the savings
portion from unit- and index-linked
life insurance 2,824.9 2,590.0 +9.1
Retained insurance benefits 2,008.9 1,897.3 +5.9
Operating expenses(2) 649.3 619.6 +4.8
Cost ratio (after reinsurance) 23.0% 23.9% -
Combined ratio (after reinsurance) 99.4% 100.7% -
Net investment income 408.9 403.4 +1.3
Operating profit 208.6 122.1 +70.8
Profit on ordinary activities 196.6 106.5 +84.5
Net profit/loss for the period 152.9 82.9 +84.4
Consolidated net profit 150.6 57.3 +162.7
Earnings per share (in Euro) 0.71 0.40 +75.0
Return on equity (ROE)after taxes
and minority interests(3) 13.1% 12.0% -
Investments4) 26,276.3 26,307.6(5) -0.1
Total equity including minority interests 1,960.0 2,017.6(5) -2.9
1) + 3) Calculation of ROE: consolidated net profit for the first half of the
year plus consolidated net profit for the first half of the year adjusted for
the gain on the disposal of the hotel group, all divided by average equity for
the first half of the year
2) Incl. reinsurance commissions and profit shares from reinsurance business
ceded.
4) Incl. owner-occupied land and buildings, investment property, shares in
associates, unit- and index-linked life insurance investments and cash and cash
equivalents.
5)Figures as at 31 December 2012
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