UNIQA has reported that its profit on ordinary activities in the first quarter of 2012 rose by 20.2% to €54.4m compared to a profit of €45.2m during the same period last fiscal.
For the latest quarter period, the Group's profit after taxes and minority interests stood at €30.4m, up 13.8% from €26.7m, during the same quarter period a year ago.
The insurer recurring premiums, which include the savings portions of unit- and index-linked life insurance, grew by 2.6% to €1.6bn against €1.5bn during the corresponding period last year.
During the first three months of 2012, its total premiums written, which comprise the savings portions of unit- and index-linked life insurance declined by 5.4% to €1.7bn versus €1.8bn in the same quarter last year.
Claims incurred in life insurance retained insurance benefits decreased by 5.3% to €1bn compared to €1.02bn during the same period last fiscal, mainly due to claim paid for property and casualty insurance.
The claims and benefits ratio increased across all insurance lines by 1.9 percentage points to 74.8% against 72.9% during the first quarter of last fiscal.
For the latest quarter period, the premium volume written in property and casualty insurance grew by 4.1% to €917.3 m compared to €881.3m, during the same quarter period last year.
Premiums written in the health insurance sector increased by 5.3% to €276.6m for the first quarter of 2012 against the Premiums written in the health insurance of €262.7m during the same period earlier year.
In the life insurance segment, its total premiums written including the savings portions of unit- and index-linked life insurance declined in the first quarter of 2012 by 22.3% to €509.5m from €655.8m for the first three months of 2011.
