2.2. Financial assets accounted for using the equity method

Investments in associates are accounted for using the equity method. They are initially recognised at acquisition cost, which also includes transaction costs. After initial recognition, the consolidated financial statements include the Group’s share in profit/(loss) for the period and in changes in other comprehensive income until the significant influence ends.

At each reporting date, a review is carried out to determine whether there are any indications that the investments in associates are impaired. If this is the case, the impairment requirement is calculated as the difference between the carrying amount of the investment in the associate and the corresponding recoverable amount and recognised separately in profit/(loss) for the period. An impairment loss is reversed in the event of an advantageous change in the estimates used to determine the recoverable amount.

As at the reporting date 31 December 2025, UNIQA held a 15.4 per cent stake in STRABAG SE (31 December 2024: 17.0 per cent). The investment in STRABAG SE is accounted for as an associate due to contractual arrangements. As part of the accounting using the equity method, an assessment of the share in STRABAG SE was made, based on the financial information published at 30 June 2025, for the period up until 31 December 2025.

The fair value of the shares is based on the stock market price at 31 December 2025 and amounts to €1,442,049 thousand (2024: €774,322 thousand).

All other financial assets accounted for using the equity method are negligible from the perspective of the Group when considered individually and are stated in aggregate form.

The financial statements of the associates most recently published have been used for the purpose of the accounting using the equity method, and have been adjusted based on any essential transactions between the relevant reporting date and 31 December 2025.