Preliminary 2019 UNIQA Insurance Group AG Earnings Call Transcript
Good afternoon, and welcome to the UNIQA Group preliminary figures 2019 hosted by Andreas Brandstetter, CEO; and Kurt Svoboda, CFO/CRO. My name is Kevin. I'll be your coordinator for today's conference. (Operator Instructions)
I'm now handing over to Andreas Brandstetter, CEO, to begin today's conference. Please go ahead.
Good afternoon, ladies and gentlemen, and welcome on our call on the preliminary 2019. In a nutshell, earnings before taxes above expectations based on, again, improved combined ratio net and stable investment result in the previous year.
If we head on to Page 4, for our CFO, Kurt, speaking into the details of the balance sheet and the result 2019. A few comments on this page. On the one hand, we see a quite positive, I would say, solid growth, mainly driven by P&C and Health, overall, up 1.2%. Then second, we see higher operating expenses. We also see a cost ratio which is up, mainly driven by decreased deferral of
Access to All Earning Calls and Stock Analysis | |
30-Year Financial on one screen | |
All-in-one Stock Screener with unlimited filters | |
Customizable Stock Dashboard | |
Real Time Insider Trading Transactions | |
8,000+ Institutional investors’ 13F holdings | |
Powerful Excel Add-in and Google sheets Add-on | |
All data downloadable | |
Quick customer support | |
And much more... |