UNIQA Insurance Group AG
9M21 Results
Strong technical result across all business lines in first nine months 2021
18 November 2021
Andreas Brandstetter, CEO
Kurt Svoboda, CFO/CRO
1
- Group Results
- Highlights
- Group Results
- Outlook
- Appendix
- Business Performance Operating Segments
- Asset Management
- Shareholder Information
2
Group Results
Highlights
3
| UNIQA 9M21 Results Presentation| November 18, 2021
Executive Summary 9M21
- Gross written premiums(a) (b) increased by 18.0% compared to 9M20
- Net combined ratio improved to 94.2% (95.9% in 9M20)
- Net cost ratio decreased to 26.4% (27.0% in 9M20)
- Net investment result increased to EUR 418m (EUR 398m in 9M20)
- Earnings before taxes of EUR 299m in 9M21 (EUR 214m in 9M20)
- Consolidated profit at EUR 236m (EUR 166m in 9M20)
(a) | Including savings portion of premiums from unit- and index-linked life insurance | 4 |
(b) | Including former AXA CEE |
Snapshot 9M21
EURm | 9M20 | 9M21 | % |
| |||
Gross premiums written(a) | |||
Premiums earned (retained) | |||
Net investment income | |||
Insurance benefits | -2.705 | -3.085 | 14.0% |
Operating expenses (net) | |||
thereof admin costs | -381 | -438 | 14.9% |
Insurance technical result | 125 | 189 | 51.4% |
Earnings before taxes | |||
Consolidated profit | 166 | 236 | 41.7% |
Cost ratio group (net) | 27.0% | 26.4% | -0,6pp |
Combined ratio P&C (net) | |||
Investment yield(b) | 2.4% | 2.4% | 0pp |
- Including savings portion of premiums from unit- and index-linked life insurance
- Definition investment yield: annualized investment result divided by average total investments excluding self-used land and buildings
| UNIQA 9M21 Results Presentation| November 18, 2021
Successful integration of former AXA CEE companies and organic growth of ~2% in
AT
Lower impairments and realized gains on sale of equities and fixed income in 1Q21
Cost ratio decreased mainly on lower admin costs in AT
Much improved EBT reflecting lower cost ratio and increased investment result
Decreased cost & loss ratio despite series of weather events year to date
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UNIQA Insurance Group AG published this content on 18 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 November 2021 06:41:04 UTC.