UNIQA Reports Strong Growth and Increased Earnings

UNIQA Insurance Group AG has announced impressive growth and earnings for the first quarter of 2025, reflecting a strong performance in various sectors despite challenging market conditions.

The company reported a premium increase of 13.2%, with total premiums reaching EUR2.47 billion, up from EUR2.18 billion in the same period last year. This growth was primarily driven by a notable 17.5% rise in the non-life insurance sector, which constitutes approximately 65% of the group's total premiums.

In Austria, premiums increased by 4.3%, while the Central and Eastern Europe (CEE) region, particularly Poland, experienced a premium surge of 12.4%. The total insurance revenue, adhering to IFRS 17 standards, climbed by 10.3% to EUR1.75 billion. All insurance segments contributed positively, with non-life insurance up by 9.9%, health insurance by 8.4%, and life insurance by 16.2%.

UNIQA's technical result saw a significant boost, rising by 42.2% to EUR199.6 million, demonstrating the effectiveness of the company's operational strategies. However, the investment results were impacted by recent volatility in international financial markets, resulting in a decrease to EUR108.8 million from EUR237.5 million in the previous year.

The pre-tax result improved by 4.1% to EUR151.1 million, while the net result after taxes and minority interests increased by 10.9% to EUR118.6 million.

As of March 31, 2025, UNIQA's solvency ratio under Solvency II stood at a robust 274%, indicating strong capital adequacy. Additionally, the Contractual Service Margin, which reflects the expected future profits from insurance contracts, grew to EUR5.42 billion.

In the non-life insurance sector, premiums rose to EUR1.62 billion, reflecting a 17.5% growth compared to the same quarter last year. The gross combined ratio improved to 86.2%, showcasing effective cost management.

In the health insurance segment, premiums grew by 6.3% to EUR411.6 million, while life insurance premiums, including savings components of unit-linked and index-linked products, increased by 5.6% to EUR444.9 million.

Looking ahead, UNIQA has outlined its strategic goals for the period 2025 to 2028, aiming for an average annual premium growth of 5% and a 6% increase in earnings. The company plans to maintain a payout ratio between 50% and 60% while continuing to offer increasing dividends to shareholders.

Despite potential challenges posed by unstable geopolitical and economic conditions, including natural disasters and market fluctuations, UNIQA remains optimistic about achieving profitability targets for 2025, aiming to surpass levels seen in 2024.