Increased investment result, lower costs and improved underwriting
20 May 2021
Andreas Brandstetter, CEO
Kurt Svoboda, CFO/CRO
1Q21
Group Strategy & Results
Appendix:
Additional
Information
UNIQA Investor Relations
Highlights
Group Results
Outlook
Business Performance Operating Segments
Asset Management
Shareholder Information
2
Executive Summary 1Q21
Gross written premiums(a) (b) increased (+13%) compared to 1Q20
Net combined ratio improved to 90.9% (97.8% in 1Q20)
Net cost ratio decreased to 27.2% (28.4% in 1Q20)
Net investment result increased by 67% to EUR 150m (EUR 90m in 1Q20)
Earnings before taxes of EUR 112m in 1Q21 (EUR -14m in 1Q20)
Consolidated profit at EUR 89m (EUR -13m in 1Q20)
Proposal to AGM: DPS of 18c for FY20 (18c in FY19)
UNIQA Investor Relations
(a)
Including savings portion of premiums from unit- and index-linked life insurance
3
(b)
Including former AXA CEE
Snapshot 1Q21
EURm
3M20
3M21
%
Gross premiums written(a)
1,578
1,783
13.0%
Premiums earned (retained)
1,257
1,418
12.8%
Net investment income
90
150
66.7%
Insurance benefits
951
1,024
7.7%
Operating expenses (net)
379
406
7.1%
thereof admin costs
140
157
12.1%
Insurance technical result
-1
62
N/A
Earnings before taxes
-14
112
N/A
Consolidated profit
-13
89
N/A
Cost ratio group (net)
28.4%
27.2%
-1,2pp
Combined ratio P&C (net)
97.8%
90.9%
-6,9pp
Investment yield(b)
1.7%
2.6%
0,9pp
Underlying business trends w/o AXA CEE: AT stable, UI slightly declining driven by negative FX effects
Increased realized gains due to portfolio shift of equities from growth to value and in fixed income
Decreased admin costs in AT
Outstanding EBT reflecting lower loss ratio in P&C, lower cost ratio and increased investment result
Reduction in loss ratio due to lower frequency and improved underwriting
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 Investor Relations
4
Key Financial Indicators
Earnings per share (EUR)
Regulatory Capital Position (SCR %)
0.29
0.17
0.09
0.10
0.04
1Q17
1Q18
1Q19
1Q20
1Q21
Return on Equity (%)
250% 248%
221%
195%
170%
FY17
FY18
FY19
FY20
3M21
Book value per share (EUR)
10.6%
11.20
10.82
10.80
7.9%
10.29
5.1%
5.4%
9.68
0.6%
FY17
FY18
FY19
FY20
3M21
FY17
FY18
FY19
FY20
3M21
UNIQA Investor Relations
5
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Disclaimer
UNIQA Insurance Group AG published this content on 19 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 May 2021 07:47:06 UTC.
Uniqa Insurance Group AG is one is one of the major Austrian insurance groups. Gross written premiums break down by activity as follows:
- non-life insurance (58.8%);
- health insurance (20.4%);
- life insurance (20.8%).
UNIQA INSURANCE GROUP AG 
