May 26, 2023 / 12:00PM GMT
Operator
Hello and welcome to the UNIQA Group Results for the First Quarter 2023. My name is George, and I will be your coordinator for today's event. Please note, this conference is being recorded. (Operator Instructions) I'd like to turn the call over to your host today, Mr. Kurt Svoboda. Please go ahead, sir.
Kurt Svoboda - UNIQA Insurance Group AG - Member of the Management Board, CFO & Chief Risk Officer
Ladies and gentlemen, welcome to UNIQA's first quarter 2023, which is the first time done on the new accounting standard on IFRS 9 and 17. Therefore, there is no comparability to numbers to prior years, to prior quarters. We give you the guidance the first time with this quarter and also then in the next quarter step-wise.
Please be aware that some of the new KPIs are also in a different way calculated than in previous years. So combined ratio, cost ratios or even ROE are not that comparable to the standards in IFRS 4, which was well up to the end of the year 2020.
Also looking on the indicative numbers of the year '22, which we did in a
Q1 2023 Uniqa Insurance Group AG Earnings Call Transcript
Mar 08, 2024
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