UNIQA Group at a glance

Consolidated key figures

UNIQA Group is one of the leading insurance groups in its two core markets: Austria and Central and Eastern Europe (CEE). Around 19,200 employees and exclusive sales partners serve 10.5 million customers across 16 countries. Commanding a market share of around 21.4 per cent, UNIQA is the second largest insurance group in Austria. In the CEE growth region, UNIQA is present in 15 markets: Albania, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Hungary, Kosovo, Montenegro, North Macedonia, Poland, Romania, Russia, Serbia, Slovakia and Ukraine.

Balanced portfolio …
Balanced portfolio (pie chart)
… in the core markets of Austria and CEE
in the core markets of Austria and CEE (pie chart)

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In € million

2019

2018

Change

1)

Including expenditure for deferred profit participation and premium refunds

2)

Including expenditure for (deferred) profit participation

3)

Less reinsurance commissions and share of profit from reinsurance ceded

4)

Including technical provisions for life insurance policies held on account and at risk of policyholders

5,062.8

4,989.0

+1.5%

Savings portions from unit-linked and index-linked life insurance (before )

309.8

320.5

–3.4%

written including savings portions from unit-linked and index-linked life insurance

5,372.6

5,309.5

+1.2%

of which property and casualty insurance

2,846.8

2,774.4

+2.6%

of which health insurance

1,130.8

1,086.4

+4.1%

of which life insurance

1,394.9

1,448.6

–3.7%

of which recurring premiums

1,290.3

1,335.8

–3.4%

of which single

104.6

112.7

–7.2%

including savings portions from unit-linked and index-linked life insurance

5,372.6

5,309.5

+1.2%

of which UNIQA Austria

3,800.8

3,734.4

+1.8%

of which UNIQA International

1,561.2

1,564.6

–0.2%

of which reinsurance

1,129.2

1,098.3

+2.8%

of which consolidation

–1,118.7

–1,087.9

+2.8%

 

 

 

 

(net)

4,861.1

4,760.7

+2.1%

of which property and casualty insurance

2,678.4

2,584.1

+3.7%

of which health insurance

1,123.0

1,080.3

+4.0%

of which life insurance

1,059.6

1,096.3

–3.3%

Savings portions from unit-linked and index-linked life insurance (after )

309.8

320.9

–3.5%

Premiums earned including savings portions from unit-linked and index-linked life insurance

5,170.8

5,081.7

+1.8%

 

 

 

 

1)

–3,657.1

–3,633.7

+0.6%

of which property and casualty insurance

–1,719.5

–1,690.1

+1.7%

of which health insurance

–960.3

–908.0

+5.8%

of which life insurance2)

–977.3

–1,035.7

–5.6%

 

 

 

 

(net)3)

–1,407.1

–1,314.7

+7.0%

of which property and casualty insurance

–861.2

–811.0

+6.2%

of which health insurance

–187.8

–183.9

+2.2%

of which life insurance

–358.1

–319.8

+12.0%

(net after reinsurance)

27.2%

25.9%

–

 

 

 

 

(net after reinsurance)

96.4%

96.8%

–

 

 

 

 

Net investment income

585.2

585.0

–

 

 

 

 

Earnings before taxes

295.7

294.6

+0.4%

Profit/loss for the period

236.5

235.1

+0.6%

Consolidated profit/loss

232.4

243.3

–4.5%

 

 

 

 

Operating

10.6%

10.5%

–

 

 

 

 

Investments

20,624.8

19,337.1

+6.7%

Shareholders’ equity

3,401.0

2,972.1

+14.4%

Equity, including

3,420.4

2,986.6

+14.5%

Technical provisions (net)4)

22,087.0

21,644.8

+2.0%

Total assets

28,728.4

28,503.8

+0.8%

 

 

 

 

Number of insurance contracts

20,923,632

20,373,488

+2.7%

Average number of employees (FTE)

13,038

12,818

+1.7%
Premiums written

In € million

Premiums written (bar chart)

1) Excluding Italy
(Including savings portions from unit-linked and index-linked life insurance)

Combined ratio

In per cent

Combined ratio (line chart)

(After reinsurance)

Earnings before taxes

In € million

Earnings before taxes (bar chart)

1) Excluding Italy

Economic capital requirement ratio (ECR/SCR ratio)

In per cent

Economic capital requirement ratio (ECR/SCR ratio) (line chart)

1) 2019: capital requirement ()

Dividend per share

In €

Dividend per share (bar chart)

1) The Supervisory Board reserves the right to review and/or approve the proposal for the appropriation of profit submitted by the Management Board due to the COVID-19 crisis until further notice.

Operating return on equity

In per cent

Operating return on equity (line chart)

Definitions of the essential key figures can be found in the glossary.

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Overview of key figures 2015 – 2019

Consolidated key figures – 5-year comparison

1)

The Supervisory Board reserves the right to review and/or approve the proposal for the appropriation of profit submitted by the Management Board due to the COVID-19 crisis until further notice.

In € million

2019

2018

2017

2016

2015

Premiums written, including savings portions from unit-linked and index-linked life insurance

5,373

5,309

5,293

5,048

5,211

of which property and casualty insurance

2,847

2,774

2,640

2,518

2,439

of which health insurance

1,131

1,086

1,042

1,004

964

of which life insurance

1,395

1,449

1,612

1,526

1,807

Insurance benefits (net)

–3,657

–3,634

–3,547

–3,386

–3,671

of which property and casualty insurance

–1,719

–1,690

–1,645

–1,551

–1,554

of which health insurance

–960

–908

–878

–844

–782

of which life insurance

–977

–1,036

–1,025

–991

–1,336

Operating expenses (net)

–1,407

–1,315

–1,276

–1,286

–1,190

of which property and casualty insurance

–861

–811

–788

–763

–700

of which health insurance

–188

–184

–168

–175

–154

of which life insurance

–358

–320

–320

–348

–337

Combined ratio after reinsurance (in per cent)

96.4%

96.8%

97.5%

98.1%

97.9%

(in per cent)

64.2%

65.4%

65.9%

65.7%

67.5%

Cost ratio (in per cent)

32.2%

31.4%

31.6%

32.4%

30.4%

Net investment income

585

585

572

589

732

Earnings before taxes

296

295

265

226

398

of which property and casualty insurance

116

120

95

58

71

of which health insurance

95

96

110

96

171

of which life insurance

85

78

60

72

155

Consolidated profit/(loss)

232

243

172

148

337

Earnings per share (in €)

0.76

0.79

0.56

0.48

1.09

Dividend per share (in €)

n/a1)

0.53

0.51

0.49

0.47

Equity (portion attributable to shareholders of UNIQA Insurance Group AG)

3,401

2,972

3,158

3,186

3,145

Total assets

28,728

28,504

28,744

33,639

33,298

Operating return on equity (in per cent)

10.6%

10.5%

10.2%

10.0%

17.2%

Solvency capital requirement – SCR ratio (in per cent)

216%

248%

250%

202%

195%
Premiums written
All premiums due during the financial year arising from insurance contracts under direct insurance business, regardless of whether these premiums relate (either wholly or partially) to a later financial year. This involves (net) premiums written when reduced by the amount ceded to reinsurance companies.
Reinsurance
An insurance company insures part of its risk via another insurance company.
Premiums
Total premiums written. All premiums from contracts written in the financial year from business acquired by the company directly and as inward reinsurance.
Premiums
Total premiums written. All premiums from contracts written in the financial year from business acquired by the company directly and as inward reinsurance.
Premiums written
All premiums due during the financial year arising from insurance contracts under direct insurance business, regardless of whether these premiums relate (either wholly or partially) to a later financial year. This involves (net) premiums written when reduced by the amount ceded to reinsurance companies.
Premiums earned
The actuarial premiums earned that determine the income for the year. In order to determine these, the changes to the unearned premiums, the cancellation provisions and the premium volume not yet written are taken into account, along with the gross premium volume written attributable to the financial year.
Reinsurance
An insurance company insures part of its risk via another insurance company.
Insurance benefits
Total of insurance benefit payments and changes in the claims provision during the financial year in connection with direct insurance and reinsurance contracts (gross). This involves net insurance benefits when reduced by the amount ceded to reinsurance companies. This does not include claims settlement expenses and changes in the provisions for claims settlement expenses.
Operating expenses
This item includes acquisition expenses, portfolio management expenses and the expenses for implementing reinsurance. The operating expenses remain for the company’s own account following deduction of the commissions and profit participation received from the reinsurance business ceded.
Cost ratio
Ratio of total insurance operations expenses (net of reinsurance commissions received and share of profit from reinsurance ceded) to consolidated premiums earned (including savings portions of unit-linked and index-linked life insurance).
Combined ratio
Total sum of operating expenses and insurance benefits in relation to the (net) premiums earned in property and casualty insurance.
Return on equity (ROE)
The return on equity is the ratio of the profit/(loss) to the average equity, after deducting non-controlling interests in each case.
Non-controlling interests
Shares in the profit/(loss) that are not attributable to the Group but rather to companies outside the Group that hold shares in affiliated companies.
Solvency
An insurance company’s equity base.
SCR
Solvency Capital Requirement. The eligible own funds that insurers or reinsurers must hold to enable them to absorb significant losses and give reasonable assurance to policyholders and beneficiaries that payments will be made as they fall due. It is calculated to ensure that all quantifiable risks (such as market risk, credit risk, life underwriting risk) are reliably taken into account. It covers both current operating activities and the new business expected in the subsequent twelve months.
Claims rate
Insurance benefits in property and casualty insurance as a ratio of premiums earned.