UNIQA Insurance Group AG
6M21 Results
Strong technical result reflected in double digit ROE
19 August 2021
Andreas Brandstetter, CEO
Kurt Svoboda, CFO/CRO
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- Group Results
- Highlights
- Group Results
- Outlook
- Appendix
- Business Performance Operating Segments
- Asset Management
- Shareholder Information
2
Group Results
Highlights
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| UNIQA 6M21 Results Presentation| August 19, 2021
Executive Summary 6M21
- Gross written premiums(a) (b) increased by 17.1% compared to 6M20
- Net combined ratio improved to 92.6% (96.7% in 6M20)
- Net cost ratio decreased to 26.9% (27.6% in 6M20)
- Net investment result increased to EUR 307m (EUR 215m in 6M20)
- Earnings before taxes of EUR 216m in 6M21 (EUR 55m in 6M20)
- Consolidated profit at EUR 171m (EUR 40m in 6M20)
(a) | Including savings portion of premiums from unit- and index-linked life insurance | 4 |
(b) | Including former AXA CEE |
Snapshot 6M21
EURm | 6M20 | 6M21 | % |
Gross premiums written(a) | |||
Premiums earned (retained) | |||
Net investment income | |||
Insurance benefits | 1,840 | 2,050 | 11.4% |
Operating expenses (net) | |||
thereof admin costs | 266 | 307 | 15.3% |
Insurance technical result | 38 | 111 | 194.1% |
Earnings before taxes | |||
Consolidated profit | 40 | 171 | 321.6% |
Cost ratio group (net) | 27.6% | 26.9% | -0.7pp |
Combined ratio P&C (net) | |||
Investment yield(b) | 2.0% | 2.7% | 0.7pp |
- 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 6M21 Results Presentation| August 19, 2021
Successful former AXA CEE integration and organic growth of 2% in AT
Increased running income including former AXA CEE volumes and realized gains in 1Q21
Cost ratio decreased mainly on lower admin costs
Outstanding EBT reflecting lower loss ratio in P&C, lower cost ratio and increased investment result
Decreased loss ratio despite above average weather related losses due to positive run-off result, improved underwriting and lower frequency especially in motor
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UNIQA Insurance Group AG published this content on 19 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 August 2021 05:53:03 UTC.