EQS-Adhoc: UNIQA Insurance Group AG: €127 million impairment of Russian bonds at 30 June 2022
EQS-Ad-hoc: UNIQA Insurance Group AG / Key word(s): Half Year Results
UNIQA Insurance Group AG: €127 million impairment of Russian bonds at 30
June 2022
08-Jul-2022 / 10:17 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS – a service of EQS Group
AG.
The issuer is solely responsible for the content of this announcement.
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€127 million impairment of Russian bonds at 30 June 2022
When preparing the closing for the first half of 2022, UNIQA Insurance
Group AG (UNIQA) identified a potential need for impairment of Russian
bonds in the amount of €127 million.
The impairment concerns Russian government and corporate bonds with an
aggregate acquisition cost of €156 million that are denominated in euros,
US dollars and Russian roubles and are held by UNIQA in Group companies
outside Russia.
Notwithstanding this impairment, UNIQA expects to post earnings before
taxes in the range of €145–165 million for the first half of 2022 based on
otherwise good net investment income and solid performance in its core
underwriting business (first half of 2021: €216 million). The final
earnings before taxes will be published in the Half-Year Financial Report
2022 on 19 August.
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08-Jul-2022 CET/CEST News transmitted by EQS Group AG. www.eqs.com
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Language: English
Company: UNIQA Insurance Group AG
Untere Donaustraße 21
1029 Vienna
Austria
Phone: +43 1 211 75-0
E-mail: investor.relations@uniqa.at
Internet: www.uniqagroup.com
ISIN: AT0000821103
WKN: 928900
Indices: ATX
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1393567
End of Announcement EQS News Service
1393567 08-Jul-2022 CET/CEST
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