UNIQA Group at a glance

Consolidated key figures

The UNIQA Group is one of the leading insurance companies in its core markets of Austria and Central and Eastern Europe (CEE). Around 23,500 employees and exclusive sales partners serve around 15.5 million customers across 18 countries. UNIQA is the second largest insurance group in Austria with a market share of over 21 per cent. 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. In addition, insurance companies in Switzerland and Liechtenstein are also part of the UNIQA Group.

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

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Consolidated key figures

In € million

2020

2019

Change

5,261.2

5,062.8

+3.9%

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

304.1

309.8

–1.8%

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

5,565.3

5,372.6

+3.6%

of which property and casualty insurance

3,010.3

2,846.8

+5.7%

of which health insurance

1,167.6

1,130.8

+3.2%

of which life insurance

1,387.5

1,394.9

–0.5%

of which recurring premiums

1,294.3

1,290.3

+0.3%

of which single

93.2

104.6

–10.9%

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

5,565.3

5,372.6

+3.6%

of which UNIQA Austria

3,837.5

3,800.8

+1.0%

of which UNIQA International

1,705.4

1,561.2

+9.2%

of which reinsurance

1,162.7

1,129.2

+3.0%

of which consolidation

–1,140.3

–1,118.7

+1.9%

 

 

 

 

(net)

5,029.5

4,861.1

+3.5%

of which property and casualty insurance

2,809.0

2,678.4

+4.9%

of which health insurance

1,163.6

1,123.0

+3.6%

of which life insurance

1,057.0

1,059.6

–0.2%

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

304.1

309.8

–1.8%

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

5,333.7

5,170.8

+3.1%

 

 

 

 

1)

–3,694.6

–3,666.1

+0.8%

of which property and casualty insurance

–1,775.1

–1,719.5

+3.2%

of which health insurance

–963.1

–969.3

–0.6%

of life insurance2)

–956.4

–977.3

–2.1%

 

 

 

 

(net)3)

–1,566.4

–1,407.1

+11.3%

of which property and casualty insurance

–970.7

–861.2

+12.7%

of which health insurance

–225.0

–187.8

+19.8%

of which life insurance

–370.7

–358.1

+3.5%

(after reinsurance)

29.4%

27.2%

–

 

 

 

 

(net after reinsurance)

97.8%

96.4%

–

 

 

 

 

Net investment income

505.4

585.2

–13.6%

 

 

 

 

Earnings before taxes

57.1

232.0

–75.4%

Profit/(loss) for the period

24.3

175.1

–86.1%

Consolidated profit/(loss)

19.4

171.0

–88.6%

 

 

 

 

Operating

0.6%

5.4%

–

 

 

 

 

Investments

22,319.2

20,624.8

+8.2%

Shareholders’ equity

3,450.1

3,367.7

+2.4%

Equity, including

3,474.8

3,387.1

+2.6%

Technical provisions (net)4)

23,796.8

22,083.9

+7.8%

Total assets

31,908.0

28,673.8

+11.3%

 

 

 

 

Number of insurance contracts

25,058,554

20,923,632

+19.8%

Average number of employees (FTEs)

13,408

13,038

+2.8%

1)

Including expenditure for 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
Premiums written

In € million

Premiums written (bar chart)

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

Combined ratio

In per cent

Combined ratio (line chart)

(After )

Earnings before taxes

In € million

Earnings before taxes (bar chart)
Regulatory solvency capital requirement (SCR)

In per cent

Economic capital requirement ratio (SCR ratio) (line chart)
Dividend per share

In €

Dividend per share (bar chart)

1) Proposal to the Annual General Meeting

Return on equity

In per cent

Return on equity (line chart)

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

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Consolidated key figures – 5-year comparison

In € million

2020

2019

2018

2017

2016

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

5,565

5,373

5,309

5,293

5,048

of which property and casualty insurance

3,010

2,847

2,774

2,640

2,518

of which health insurance

1,168

1,131

1,086

1,042

1,004

of which life insurance

1,387

1,395

1,449

1,612

1,526

Insurance benefits (net)

–3,695

–3,666

–3,634

–3,547

–3,386

of which property and casualty insurance

–1,775

–1,719

–1,690

–1,645

–1,551

of which health insurance

–963

–969

–908

–878

–844

of which life insurance

–956

–977

–1,036

–1,025

–991

Operating expenses (net)

–1,566

–1,407

–1,315

–1,276

–1,286

of which property and casualty insurance

–971

–861

–811

–788

–763

of which health insurance

–225

–188

–184

–168

–175

of which life insurance

–371

–358

–320

–320

–348

Combined ratio after reinsurance (in per cent)

97.8%

96.4%

96.8%

97.5%

98.1%

(in per cent)

63.2%

64.2%

65.4%

65.9%

65.7%

Cost ratio (in per cent)

34.6%

32.2%

31.4%

31.6%

32.4%

Net investment income

505

585

585

572

589

Earnings before taxes

57

232

295

265

226

of which property and casualty insurance

–68

61

120

95

58

of which health insurance

80

86

96

110

96

of which life insurance

45

85

78

60

72

Consolidated profit/(loss)

19

171

243

172

148

Earnings per share (in €)

0.06

0.56

0.79

0.56

0.48

Dividend per share (in €)

0,181)

0.18

0.53

0.51

0.49

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

3,450

3,368

2,972

3,158

3,186

Total assets

31,908

28,674

28,504

28,744

33,639

Operating return on equity (in per cent)

0.6%

5.4%

7.9%

5.1%

4.7%

capital requirement – ratio (in per cent)

170%

221%

248%

250%

202%

1)

Proposal to the Annual General Meeting

Due to the sale of the Italian Group companies, the key figures for the 2016 financial year (except for total assets) are presented excluding Italy.

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 operating 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 of operating expenses and insurance benefits divided by 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.
Profit participation
Policyholders have a reasonable right under statutory and contractual regulations to the company’s surplus profits generated in life and health insurance. The level of this profit participation is determined again each year.
Reinsurance
An insurance company insures part of its risk via another insurance company.
Claims rate
The ratio of insurance benefits in property and casualty insurance to premiums earned.
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.