EANS-Adhoc: UNIQA Insurance Group AG / increased earnings and improve in dividend for 2015; more streamlined Group structure and merger of operating insurance companies in Austria;

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other/Company Information/Preliminary results/Dividend/Group
structure/Board of Directors/Outlook 2016 09.03.2016

UNIQA Insurance Group AG / increased earnings and improve in dividend
for 2015; more streamlined Group structure and merger of operating
insurance companies in Austria;

- Preliminary results for 2015: Earnings before taxes climb to EUR423
million in 2015; premiums written up 4.3 per cent; dividend increase
proposed for 2015

- New, more streamlined Group structure resolved - subject to
permission of authorities: Group holding company UNIQA Insurance
Group AG to have 3 Management Board members instead of previous 5;
merger of Raiffeisen Versicherung AG, Salzburger Landes-Versicherung
AG and FinanceLife Lebensversicherung AG with UNIQA Österreich
Versicherungen AG as the acquiring entity; number of Management Board
members of the Austrian Group companies (including the holding
company) to be reduced from 22 to 10

- Preliminary results for 2015: Based on preliminary data, the UNIQA
Insurance Group (UNIQA) increased its earnings before taxes by 11.9
per cent to EUR422.8 million in the 2015 financial year, thus
achieving the highest earnings in the company's history. Premiums
written - including the savings portion of unit- and index-linked
life insurance - were up 4.3 per cent at EUR6,325.1 million. Retained
premiums earned in accordance with IFRS (i.e. not including the
savings portion of unit- and index-linked life insurance) rose by 6.0
per cent to EUR5,633.5 million. Retained insurance benefits increased
by 5.1 per cent to EUR4,607.6 million and thus moved up at a somewhat
slower rate than retained premiums earned. Costs (operating expenses)
remained on a par with the previous year's level at EUR1,298.7
million in 2015. The Group cost ratio after reinsurance improved from
22.2 per cent to 21.3 per cent. The combined ratio after reinsurance
improved from 99.6 per cent to 97.8 per cent. Consolidated profit
(after taxes and minority interests) was up 14.2 per cent
year-on-year at EUR331.1 million.

The Management Board will propose to the Supervisory Board and Annual
General Meeting that a dividend of 47 cents per share - 11.9 per cent
higher than the dividend for 2014 of 42 cents - be paid for the 2015
financial year.

- New, more streamlined Group structure resolved: Based on the
successful and systematic implementation of the UNIQA 2.0 strategy
programme that has been running since 2011 with improved earnings for
the 2015 financial year, and after resolving a comprehensive
innovation and investment programme of EUR500 million in January
2016, UNIQA is gearing the Group structure to the strategic goals and
challenges of the future.

On 9 March 2016, the Management Board and Supervisory Board of UNIQA
resolved - subject to the necessary regulatory approval - a new,
streamlined Group structure with a functional organization and
Group-wide responsibilities:

- In future, the listed holding company UNIQA Insurance Group AG will
have three Management Board members instead of the previous five. -
The four primary insurers currently operating on the Austrian market
- UNIQA Österreich Versicherungen AG, Raiffeisen Versicherung AG,
FinanceLife Lebensversicherung AG and Salzburger Landes-Versicherung
AG - are to be merged by no later than the first quarter of 2017,
with UNIQA Österreich Versicherungen AG acting as the acquiring
entity. - The number of Management Board members of the Austrian
Group companies (including the holding company) is to be reduced from
22 to 10.

Starting from 1 June 2016, the Management Board of UNIQA Insurance
Group AG will consist of Andreas Brandstetter (CEO), Kurt Svoboda
(CFO/CRO) and new Management Board member Erik Leyers (COO). Their
Management Board mandates will be run until 30 June 2020. Kurt
Svoboda and Erik Leyers will take on the same Management Board roles
at UNIQA Österreich Versicherungen AG and at UNIQA International AG
in personal union. The current members of the holding company's
Management Board Hannes Bogner and Thomas Münkel will leave the
company by theirs request, while Wolfgang Kindl will focus on his
responsibilities as CEO of UNIQA International AG.

Starting from 1 June 2016, the Management Board of UNIQA Österreich
Versicherungen AG will consist of Hartwig Löger (CEO, Sales), Klaus
Pekarek (Bancassurance), Kurt Svoboda (Finance & Risk), Erik Leyers
(Operations), Peter Eichler (Life and Health) and Andreas Kößl
(Non-Life). Peter Eichler and Andreas Kößl will take on the same
Management Board roles at UNIQA International AG in personal union.

Starting from 1 June 2016, the Management Board of UNIQA
International AG will consist of Wolfgang Kindl (CEO), Zoran Visnjic
(Sales), Johannes Porak (Bancassurance), Kurt Svoboda (Finance &
Risk), Erik Leyers (Operations), Peter Eichler (Life and H) and
Andreas Kößl (Non-Life).

- Outlook: In 2016 UNIQA is launching a comprehensive innovation
programme and will invest around EUR500 million in the redesign of
the business model, the necessary build-up of staff expertise and the
required IT systems over the next few years. A good portion of these
considerable future investments will take effect in 2016 and is thus
reflected in an altered earnings forecast. In combination with the
persistently difficult conditions, such as the still-moderate
economic outlook, ongoing low interest rates, sinking investment
income and political uncertainty in individual markets, UNIQA expects
a decline in earnings of up to 50 per cent in the 2016 financial year
compared to the very strong earnings for 2015.

Note: All the figures for the 2015 financial year are based on
unaudited preliminary data. The final annual report with audited
figures will be published on the Group website www.uniqagroup.com on
14 April 2016.

Forward-looking statements This press release contains statements
referring to the future development of the UNIQA Group. These
statements present estimates which were reached on the basis of all
of the information available to us at the present time. If the
assumptions on which they are based do not occur, the actual results
may deviate from the results currently expected.

Further inquiry note:
UNIQA Insurance Group AG
Norbert Heller
Tel.: +43 (01) 211 75-3414
mailto:norbert.heller@uniqa.at

end of announcement euro adhoc
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issuer: UNIQA Insurance Group AG
Untere Donaustraße 21
A-1029 Wien
phone: 01/211 75-0
mail: investor.relations@uniqa.at
WWW: http://www.uniqagroup.com
sector: Insurance
ISIN: AT0000821103
indexes: WBI, ATX Prime, ATX
stockmarkets: official market: Wien
language: English