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Uniqa Records Losses of € 330m
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The Austrian insurance company´s results are massively burdened by Greek bonds. Core business is still 'robust', says Uniqa´s management.
Uniqa Records Losses of € 330m / Picture: © Vindobona.org
Uniqa reported preliminary data for 2011. The insurer said that the core operational business developed solidly in 2011 against the backdrop of a difficult economic environment. Recurring premiums written rose by 4.4 percent to € 5,367m (2010: € 5,141m), and in the growth markets of Eastern Europe by as much as 6.5 percent to € 1,085m (2010: € 1,019m).
The loss ratio in…
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