- EBT improves again by 22.9% to €377.9 million
- Retained premiums earned increase by 7.6% to €5,312.9 million
- Net combined ratio declines from 99.8% to 99.5%
- Costs reduced by another €79 million
- Dividend proposal raised again by 20% to 42 cents per share (2013: 35 cents)
In the 2014 financial year, the UNIQA Insurance Group (UNIQA) improved its preliminary profit on ordinary activities (EBT) by 22.9% to €377.9 million (2013: €307.6 million). The preliminary consolidated net profit (after taxes and minority interests) was virtually unchanged at €289.9 million (2013: €284.7 million), since the figure for 2013 included a result from discontinued operations (disposal of the Mannheimer Group) of €50.0 million after taxes. On a like-for-like basis (not including this non-recurring effect in 2013), consolidated net profit was up 23.5%.
The Management Board will propose to the Supervisory Board and Annual General Meeting that a dividend of 42 cents per share – 20% higher than the dividend for 2013 of 35 cents – be paid for the 2014 financial year.
UNIQA currently still expects double-digit percentage growth in the profit on ordinary activities based on further operative improvements in the core business to a level of €425 million to €450 million in 2015 as against 2014. This assumes that the capital market environment will be stable, that economic development will improve moderately and that losses caused by natural disasters will remain within a normal range.
All the figures for the 2014 financial year are based on unaudited preliminary data. The final annual report with audited figures will be published on the Group website www.uniqagroup.com on 15 April.
This press release contains statements concerning UNIQA’s future development. 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 liability is accepted for this information.