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UNIQA increases profit in Croatia by 56%

UNIQA Group Austria has been represented on the Croatian market since 1999 by UNIQA osiguranje d.d. Provisional figures for financial year 2007 showed that the company achieved a profit of HRK 3.157 million (EUR 0.43 million), which corresponds to an increase of 56% over the previous year. The provisional premium volume increased by 26.4% to HRK 138 million (EUR 18.8 million). UNIQA therefore grew much quicker than the entire insurance market in Croatia (+10.5%).

According to Chair of the Management Board Sasa Krbavac, “2007 was a particularly successful year for UNIQA in Croatia as well, thanks to the intensive expansion of our sales channels, the excellent cooperation with Raiffeisenbank as well as the insurance brokers and agencies. An additional advance in growth resulted in the introduction of new products in the areas of credit hedging and health insurance. We are looking to confirm the positive results of last year and to further increase our market share in 2008.”

UNIQA Croatia achieved its biggest premium growth in the area of non-life business, with a rise of 32% to HRK 63 million (EUR 8.6 million).Premiums written in life insurance rose by 22% to HRK 75 million (EUR 10.2 million).The company therefore clearly outperformed market growth (non-life: 9.4% / life: 13.6%) in both areas.The number of contracts managed by UNIQA osiguranje d.d. rose by 19% in 2007 to over 75,000 policies.

12. February 2008


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

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Sasa Krbavac


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