Recurring premiums written rise 3.1 per cent to €2,738.6 million Total group premiums written stable at €2,798.4 million Combined ratio climbs slightly to 97.1 per cent due to reserves increased as a matter of precaution Strong investment income influenced by one-time gains on disposal from sale of indirect interest in Casinos Austria in first quarter of 2018 Earnings before taxes up 47.5 per cent to €140.8 million Earnings outlook for 2018 unchanged: further improvement in earnings before taxes compared with previous year Plans to continue progressive dividend policy confirmed