UNIQA shares

UNIQA shares, listed on the prime market of the Vienna Stock Exchange, rose by 4.7 per cent in 2012. In the same period, Vienna's leading index ATX gained 26.9 per cent and the benchmark Euro Stoxx Insurance index 34.1 per cent. Due to the low free float of 7.5 per cent and the resulting low liquidity level, the performance of the UNIQA share is less informative than is the case with comparable companies in the sector that have higher liquidity. Moreover, the UNIQA share is not represented in the ATX.

We are working consistently on the implementation of our strategic programme UNIQA 2.0, with which we intend to increase the company's efficiency and earnings power and improve earnings before taxes (EBT) by up to €400 million between 2010 and 2015. We are also planning a capital market transaction (re-IPO) depending on market conditions, that would enable the free float to be increased to 49 per cent.

We are currently preparing for this re-IPO. In 2012, we created a streamlined Group structure that is more conducive to our planned capital market activities and is devoid of significant minority interests. Earnings from the profitable personal insurance sector, in which Austria Versicherungsverein auf Gegenseitigkeit Privatstiftung and Collegialität Versicherungsverein Privatstiftung previously had a 36.6 shareholding for supervisory reasons, are now included in their entirety in the consolidated profit.