UNIQA bonds: solidly financed on a sustainable basis

Subordinated bonds: long-term component of our capital structure

In addition to equity, subordinated capital takes second place in terms of financing our insurance business: UNIQA had three subordinated bonds outstanding as at 31 December 2024 with a total nominal value of around €900 million. The weighted average interest rate of our subordinated bonds was 3.88 per cent as at 31 December 2024.

Green Bonds: active investments in a sustainable future

€575 million of these €900 million are attributable to so-called green bonds. Within the scope of the respective issues, we have committed ourselves to making investments in equal amounts in renewable energy projects (wind and solar parks) as well as in sustainable waste management (waste separation and recycling including energy production) and mobility (rail transport, local public transport). We see a positive trend here in terms of climate protection: sustainability has become a determining factor in investment decisions.

Senior bond: favourable long-term financing

In addition, there is currently a senior bond with a nominal value of €600 million on the market, which we issued in July 2020 in connection with the acquisition of the former AXA companies in CEE. The bond has a remaining term of 5.5 years and a coupon of 1.375 per cent.

Standard & Poor’s confirms robust capitalisation

The current A– rating from Standard & Poor’s (S&P) for UNIQA Insurance Group AG reflects our continued financial strength. This is based on our diversified product portfolio, our profitable business model, our market leadership in private health insurance in Austria and our first-class capitalisation. In June 2024, S&P again confirmed our rating of A– (with a stable outlook) and even raised the financial risk profile from “strong” to “very strong”, as this has improved sustainably in recent years following the acquisition of AXA’s CEE business. The subordinated bonds currently outstanding are attributed entirely to capital by S&P and are therefore a long-term component of our capital strategy.