UNIQA Austria expects full year losses of €300m
UNIQA Group Austria has revealed losses of €181m for the first nine months of 2011 due to significant significant one-off effects of write-downs of Greek government bonds and investments in the restructuring of the group.
Recurring premiums grew significantly by 4.9% to €4,080 million and there were strong growth impulses from Eastern and South-Eastern Europe, contributing 20.7% to group premiums.
The results outlook
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