Uniqa Group Austria has reported net income of EUR27m, or EUR0.14 per diluted share, for the first quarter of 2010, compared to EUR19m, or EUR0.22 per diluted share for the same quarter in 2009.
The company posted gross premiums written of EUR1.59bn for the first quarter of 2010, an increase of 8% compared to EUR1.47bn for the same period last year.
The company’s net premiums earned for the quarter were EUR1.33bn, which is an increase of 9.6% compared to EUR1.21bn for the same quarter in 2009.
For the quarter ended March 31, 2010, the operating income of the company were EUR43m compared to EUR31m for the same period last year.
The group premiums in the segment of property and casualty insurance, were EUR835m, which is an increase of 4.9% compared to the same period of the previous year.
In addition, the premium volume in Austria were EUR476m which is an increase of 3.4% and the volume in international business reported were EUR359m million, an increase of 6.9%. The growth in Eastern and South Eastern Europe remained in the two-digit range at 10.4%.