Austria-based Uniqa Group, a provider of insurance products and related services, has posted E135 million in profits, calculated before taxes, in the first six months of 2007. The company's profits in the first half increased 20.7% over the previous year's total.
Uniqa’s net profits, calculated after deducting taxes and minority stakes, rose 58.6% to E105 million. The premium volume written for products with recurring premiums rose by 4.2% to E2.4 billion. In contrast, single premiums fell by 16.7% to E306 million. In total, the gross premium volume written (including the savings portion from the premiums of unit- and index-linked life insurance) rose by 1.4% to E2.7 billion. Premium volume rose by 23% to E377 million in the eastern European markets.
The Uniqa Group was able to increase capital investments as at June 30, 2007 by 9.9% to E21.8 billion, compared with the same period in 2006. Net capital income of E455 million was 4% above the value for the same period last year.