Press releases overview

Eurozone growth and ECB preview

  • Eurozone growth slowdown in early 2018 is driven by declining export growth
  • Growth remains strong in Spain and Austria while decelerating in Germany, France and Italy
  • Higher energy prices cause a spike in Eurozone inflation at 1.9 % in May
  • ECB’s Praet gave a lecture on interest rates and some signals about the upcoming ECB meeting for the attentive reader
  • Italy’s debt sustains a large interest rate shock as long as the budget is kept under control.
  • Debt sustainability depends on fiscal discipline and continued primary fiscal surpluses.
  • Public debt is predominantly held by residents; primarily by financial institutions and the central bank.

Eurozone

  • In Germany, GDP growth slowed in line with the total of the Euro Area in Q1 2018
  • The next Euro crisis won’t be a balance of payments crisis

UNIQA after first three months of 2018: premiums up, improved earnings

  • Recurring premiums written rise 4.1 per cent to €1,506.3 million
  • Total group premiums written rise 1.6 per cent to €1,535.4 million
  • Combined ratio improves to 97.4 per cent
  • One-time gains on disposal from sale of indirect interest in Casinos Austria of €47.6 million
  • Earnings before taxes up 122.9 per cent to €73.9 million
  • Strong capitalisation with solvency capital requirement ratio (SCR ratio in accordance with Solvency II) of 250 per cent as at end of 2017
  • Earnings outlook for 2018: further improvement in earnings before taxes compared with previous year
  • Plans to continue progressive dividend policy confirmed
  • Three-year mandate until 2021
  • Natural disasters, pensions, cyber risk and big data are the big global issues

CEE

  • In Romania the National Bank has continued its rate hiking cycle to bring accelerated inflation under control
  • In the Czech Republic a koruna appreciation weighs on inflation which motivated the Czech National Bank to put its rate hiking cycle on pause
  • Q1 Growth accelerated in Serbia. While inflation lingers around historic lows, the central bank left the key policy rate unchanged at an all-time low

 

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Contact

UNIQA Group Communication
Untere Donaustraße 21 
1029 Wien
Austria
Tel: +43 1 211 75-3414 
Fax: +43 1 211 75-3619 
E-Mail: presse@uniqa.at 


UNIQA Group Communication
Untere Donaustraße 21 
1029 Wien
Austria
Tel: +43 1 211 75-3414 
Fax: +43 1 211 75-3619 
E-Mail: presse@uniqa.at 


Norbert Heller, Group Media Spokesman

Untere Donaustraße 21
1029 Vienna
Tel: +43 1 211 75-3414 
Mobil: +43 664 112 02 37 
Fax: +43 1 211 75-3619 


Top Releases

UNIQA Capital Markets Weekly
      

Eurozone growth and ECB preview

  • Eurozone growth slowdown in early 2018 is driven by declining export growth
  • Growth remains strong in Spain and Austria while decelerating in Germany, France and Italy
  • Higher energy prices cause a spike in Eurozone inflation at 1.9 % in May
  • ECB’s Praet gave a lecture on interest rates and some signals about the upcoming ECB meeting for the attentive reader

Italy: Public debt sustainability
      
  • Italy’s debt sustains a large interest rate shock as long as the budget is kept under control.
  • Debt sustainability depends on fiscal discipline and continued primary fiscal surpluses.
  • Public debt is predominantly held by residents; primarily by financial institutions and the central bank.