Restructuring Program at Uniqa

Published: September 21, 2011; 11:34 · (Vindobona)

The Austrian insurance corporation sets down one-time expenditures of € 190m in the 2011 balance sheet. Group annual result for 2011 expected to be a "flat zero" – notwithstanding any further negative developments on the capital markets.

Restructuring Program at Uniqa / Picture: © Uniqa

In its meeting on September 20th, 2011, the Supervisory Board of UNIQA Versicherungen AG passed a resolution at the request of the Management Board to cover all one-time expenditures required for the successfully begun Group restructuring entirely within the current fiscal year, as far as possible. The continued positive developments in the core operational business, which can already…

This article includes a total of 460 words.

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