UNIQA Insurance Group AG (UNIQA) has once again significantly exceeded the annual forecast of EUR 330 to 350 million in earnings before taxes, which had already been increased and communicated in July 2021.
Earnings before taxes (EGT) increased to 382.3 million euros compared to the first Corona year 2020 and thus increased almost sevenfold. The net profit increased to 314.7 (19.4) million euros, it said on Thursday. The dividend is to be raised to 55 cents per share, after 18 cents each in 2019 and 2020 – in 2018 it was 53 cents per share.
“Despite extraordinarily high burdens from major losses and natural catastrophes of more than 300 million euros before reinsurance, we were able to improve our combined ratio (loss/cost ratio, editor’s note) to 93.7 percent and our growth course, in particular thanks to the successfully completed integration of the former AXA companies in CEE,” says Andreas Brandstetter, CEO of UNIQA Insurance Group AG.
Source: Nachrichten
