UNIQA Insurance Group AG

EANS-Adhoc: UNIQA Insurance Group AG
Preliminary results for 2013:

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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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Financial Figures/Balance Sheet
28.02.2014


Preliminary results for 2013:
UNIQA records significant growth in premiums and earnings
 
* Premiums written increase by 6.2 per cent to 5,885.5 million euros
* Profit on ordinary activities (EBT) rises by 49.7 per cent to 305.6
  million euros
* Consolidated net profit up 123.0 per cent to 283.4 million euros
* Net combined ratio improves from 101.3 per cent to 99.9 per cent
* Return on equity (ROE) increases from 8.7 per cent to 11.8 per cent
* Dividend proposal raised to 35 cents per share (2012: 25 cents)
 
 
In the 2013 financial year, the UNIQA Insurance Group (UNIQA) increased its
preliminary profit on ordinary activities (EBT) by 49.7 per cent to 305.6
million euros (2012: 204.2 million euros). Consolidated net profit (after taxes
and minority interests) increased by 123.0 per cent to 283.4 million euros
(2012: 127.1 million euros). Based on these figures, the Management Board will
propose to the Supervisory Board and the Annual General Meeting the distribution
of a dividend of 35 cents per share for the 2013 financial year (2012: 25
cents).
 
For 2014, the UNIQA Group has set itself the target of significantly increasing
its profit on ordinary activities once again. This will require a stable capital
market environment, a further improvement in the economic environment and that
losses caused by natural disasters remain within a normal range.
 
Key data for the 2013 financial year
Figures in millions of euros unless otherwise stated         


                                          
                     2013 /         2012  / Change in %
Premiums

written
including the
savings portion                                 
from unit- and
index-linked
life insurance         5,885.5 / 5,543.1 /  +6.2
   
  of which

  property and                                  
  casualty
  insurance            2,590.5 / 2,545.9 /  +1.8
  of which
  health                                        
  insurance              937.6  /  909.1 /  +3.1
  of which life                                 
  insurance            2,357.4 / 2,088.1 / +12.9
    of which
    recurring                                   
    premiums           1,674.6 / 1,554.6 /  +7.7
    of which
    single                                      
    premiums             682.8 /   533.5 / +28.0
 
Premiums earned
including the
savings portion                                 
from unit- and
index-linked                          
life insurance         5,638.2 / 5,273.8  /  +6.9
 
Retained                                        
insurance
benefits              -3,955.3 / -3,758.5 /  +5.2
 
Operating                                       
expenses1)            -1,357.6 / -1,319.3  / +2.9

Cost ratio
(after                                          
reinsurance)             24.1%  /  25.0%   /   -

Combined ratio
(after                                          
reinsurance)             99.9%  / 101.3%  /    -

Net investment                                  
income                   780.0  /  791.4  / -1.4

Operating                                       
profit                   337.9  /  235.1 / +43.7

Profit on
ordinary                                        
activities               305.6  /  204.2 / +49.7

Result of
discontinued                                    
operations                50.0  /    9.9 / +406.4

Net profit for                                  
the period               286.8  /  166.5 / +72.3

Consolidated                                    
net profit               283.4  /  127.1 / +123.0
 
Return on
equity (ROE)                                    

after taxes and
non-controlling
interests                11.8%   /  8.7%  /  - 

Investments2)         27,383.6 / 26,326.0 /  +4.0  
 
Total equity

including non-                                  
controlling
interests              2,789.9 / 2,030.0 / +37.4
 
 
1) Less reinsurance commissions and profit shares from reinsurance business
ceded. 
2) Incl. owner-occupied land and buildings, land and buildings held as financial
investments, shares in associated companies, unit- and index-linked life
insurance investments and liquid funds.
                                                     

Note: All of the figures for the 2013 financial year are based on unaudited
preliminary data.

 
Forward-looking statements
This ad hoc disclosure contains statements referring to the future development
of the UNIQA Group. These statements present estimates which were reached on 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 results may deviate
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
 

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