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Ladies and gentlemen, we warmly welcome you to the conference call of the first quarter results for 2026 of the Unica Insurance Group AG. I'm pleased to welcome CEO Andreas Brandstetter and CSRO Kurz Bogota, who will guide us through the presentation shortly. After the presentation, we will move on to a Q&A session where we allow questions in person via the audio line today. And having said that,

Hello from Vienna and thank you very much for your time and interest in the Q1 figures of Unica Insurance Group which show resilient numbers and which show again a full match with our 2028 targets and which also are a very constant roof of our diversified business model. Just reminding you of our targets for the year 2028. 6% premium CAGR 2. 7% EPS CAGR a common ratio which is below 93% net and last but not least a min cost ratio which is constantly below 15% this is what we communicated to you and if we start on slide 4 on the left part of this slide we see that all our figures of our KPRs in this first 3 months of 2026 proved that we are everywhere on track Let me briefly start with the growth, which shows on slide 5 an increase of 14.4%. As you might have seen, the growth in our home market Austria, the direct insurer business, is north of 4%, 4.2%. The growth in our international market, which means in CE, is 6.2%, so basically we are Pretty much in line, even if, as we already felt a couple of months before, we see a little bit of headwind in the Eastern European market, as far as the market growth itself is concerned. But we are quite optimistic that within the next three quarters of this year, we'll also be able to catch up and to reach our 8% growth in CEE, which, as you know, is our target line for the next year. What is special to mention here is that we have a kind of seasonal contribution of growth from our reinsurance company in Zurich. This is our external business, which will be elaborated by Kurt a little bit later, where we see a very strong increase, as I said, due to seasonality in Q1. But please don't expect us that in the next three quarters we see a similar growth coming from the external reinsurance business Most of the business volume 90% is booked in Q1, so this will slow down and which basically normalize till the year end. But as I mentioned again, quickly elaborate on this a little bit later. So we are fine with the growth on the top line. If we then move to the technical result here on the slide five, we see an increase of 5% up to 210 million euro. What we see is a kind of small decrease in the P&C profitability, even with a common ratio of 91% MET. It is very fine, it's good. Frankly spoken, we didn't have any kind of major loss coming from natural catastrophes in this Q1. And as far as the large claims is concerned, we see a side development if you compare Q1 2025 to 2021. Inrnce Grp Unsp Inrnce Grp Unsp Inrnce Grp Unsp Could assure in a couple of minutes that the strong CSM release is coming from Austria Health and Life. On the other hand, the Austrian health continues to be a main CSM new business driver with a sustainability ratio which is clear, most of 100%, even more of 120%. So a very good development as far as the Austrian health insurance business, the new business, the incoming business is concerned.

I talked already about the large claims.