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The UNIQA Group in the first quarter of 2002

In the quarter just concluded the UNIQA Group (http//:www.uniqa.at ) increased its billed premium volume in direct marketing in realtion to current premiums by 15.8% to EUR 681.2 million. The toal premium volume declined by EUR 753 million, or 11.4% due to the deliberate cutting back on life assurance business in relation to single premium business and special products. Claims paid were underproportional in relation to the growth of premium income, rising by 0.5% to EUR 444.5 million.

The total capital investments of the UNIQA Group increased in the first three months of the business year 2002 by 7.0%., At  the end of March, excluding deposit requirements from reinsurance business, they  stood at EUR 11.7 billion in the books and had increased over the equivalent  value last year by EUR 767.5 million. Current investment income rose by 9.8% to EUR 163.0 million. The increase of interest rates in the first quarter of 2002 led to marked book loss values in the pensions area.

The expenses of the domestic companies declined 4.0% compared with the equivalent period last year to EUR 140.8 million The expenses of the foreign companies rose to EUR 21.4 million particularly because of the new inclusion of the Polish companies.

In the field of life assurance current billed premiums through direct business rose by 20.2% to EUR 191.5 million. The single premium business and special products were reined in deliberately for reasons of risk and return, and reduced to EUR 71.8 million Damage and accident premiums increased by 20.9% to EUR 314.5 million. With a correction for the premium income of POLONIA, the premium income from damage and accident insurance rose by 11.9%. Health premiums rose by 3.7% to EUR 175.2 million.

27. May 2002


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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Attachments

UNIQA Versicherungen AG, 1.QB 2002

UNIQA Versicherungen AG, 1.QR 2002


Related Topics

UNIQA: key figures 2001

UNIQA: results abroad 2001

UNIQA: result 2001 by business sectors

UNIQA: group results 2001


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