Investor Relations
IR News
Current
Archive
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
UNIQA Shares
Corporate Governance
Rating
Financial Reports
IR Service
IR Agenda
IR Contact
Downloads
UNIQA Group Austria with premium growth of 5.7% on continued expansion course

In the first three quarters of the year 2001, the companies of the UNIQA Group Austria recorded a premium written volume of ATS 26,641.2 (EUR 1.936.1 million / +5.7%) in direct business. Included in the information of the third quarter are the June 2001 acquired majority share in the Polish Polonia S.A. and the Polonia Zycie. The premium growth was carried by the good development in the individual lines: life assurance +6.1%, property and casualty insurance +6.0% and health insurance +4.7%. The benefits paid at end September 2001 were ATS 17,447.6 million (EUR 1,268.0 million / +7.3%).

The total capital investments of the UNIQA Group Austria reached - excluding the deposits receivable from the reinsurance business - ATS 153,018.7 million (EUR 11,120.3 million / +5.8%) by the end of September 2001. The current investment income decreased by 0.1% to ATS 6.1 billion (EUR 442.3 million) during the same period. The extraordinary financial results were burdened/encumbered by the position on the stock markets after the attacks of 11 September, in total with about ATS 3.3 billion (EUR 237.1 million). From end September to mid November this extraordinary financial result improved again by about ATS 3.1 billion (EUR 226.7 million).

The total costs – excluding commissions and taking social capital expenses into consideration – reduced by 1.5% to ATS 4.1 billion (EUR 300.9 million).

The foreign companies of the UNIQA Group Austria managed to continue their successful business activities and achieved a premium volume of ATS 1,970.0 million (EUR 143.1 million / +32.3%) in the first nine months of 2001. In the same time, the paid benefits amounted to ATS 1,106.4 million (EUR 80.5 million).

Outlook 
The development in the last quarter is marked so far by a clear recovery of the stock markets and the associated relief in the capital investment results. As a result of a strong reduction in the life assurance single premium business, a significant flattening effect on the premium volume development is anticipated in the last quarter of this year. In all other lines, and in the benefits area, the development of the first nine months will continue. The positive trend in the cost area will continue for the year.

29. November 2001


UNIQA Group Austria
Press Service

Untere Donaustrasse 21
1029 Vienna
Tel.: (+43 1) 211 75-3414
Fax.: (+43 1) 211 75-3619
Mobil: (+43 664) 112 02 37
E-Mail: presse@uniqa.at

print 
Attachments

UNIQA Versicherungen AG, 3.QB 2001


Related Topics

UNIQA Quarter figures 2/2001


  HOME | SITEMAP | CONTACT | IMPRINT | NEWSLETTER |
LEGAL INFORMATION
SEARCH   
©  2012  BY UNIQA GROUP AUSTRIA