The total capital investments of the UNIQA Group increased by 7.0% in the first three months of the 2002 financial year. At the end of March they were capitalised at – excluding the deposits receivable from the reinsurance business – 11.7 billion euro, an increase of 767.5 million euro compared to the previous year. Current investment income increased by 9.8% to 163.0 million euro. The increase in interest levels in the first quarter 2002 led to definite book value losses in the pensions segment.

The costs of the domestic companies reduced by 4.0% to 140.8 million euro compared to the same period of the previous year. The costs of the foreign companies increased in particular, to 21.4 million euro, because of the first time inclusion of the Polish companies.

The recurring premiums written in direct business in life assurance increased by 20.2% to 191.5 million euro. Single premium business and special products were consciously withdrawn because of profitability and risk considerations and thereby reduced to 71.8 million euro. The property and casualty insurance increased by 20.9% to 314.5 million euro. Adjusted for POLONIA’s premium revenue, the property and casualty premium revenue increased by 11.9%.
Health insurance premiums increased by 3.7% to 175.2 million euro.