Effects of Covid-19
In health insurance, there were reduced benefits in the financial year due to delays in the health system. No significant catch-up effects are expected for subsequent years.
In the area of life insurance there were visible effects of Covid-19 in the UNIQA International segment with regard to the increased mortality rate and thus insurance benefits.
Net investment income
The (city) hotel properties form a part (6 per cent) of the UNIQA real estate portfolio. As city trips continue to lag massively behind the level recorded in the 2019 financial year due to Covid-19, this resulted in reduced rental income of around €7 million in this area. Furthermore, impairments amounting to €7 million were made in this area.
A reduction in rental income of around €3 million also had to be accepted for retail space compared to the pre-Covid-19 level.