22.08.2025 |
- Premiums increased by 9.7 per cent
- Consolidated profit increased by 5.3 per cent to €232.5 million
- Earnings before taxes grew by 6.5 per cent to €295.5 million
- Net combined ratio improved to a very healthy 90.5 per cent
- Outlook raised: earnings before taxes expected to be in the range of €490 to €510 million in 2025
Vienna, 22 August 2025 – UNIQA Insurance Group AG’s first-half 2025 results once again reflect strong performance: premiums written rose by 9.7 per cent to €4.4 billion, and earnings before taxes increased by 6.5 per cent to €295.5 million. “In a challenging economic environment characterised by global uncertainties, we continue to record high and above all profitable growth of around 10 per cent, driven by solid development in Austria and continued strong momentum in CEE, especially in Poland,” explains CEO Andreas Brandstetter. In Austria, premiums increased by 4.8 per cent, internationally by 10.8 per cent. The insurance service result developed very positively (up 23.2 per cent), which is confirmed by an excellent net combined ratio of an 90.5 per cent. “Based on this continued strong performance in the second quarter, we are raising our outlook for the full year 2025 and expect earnings before taxes of between €490 million and €510 million,” said Brandstetter.
Key figures for 1 – 6/2025
Premiums written at UNIQA Insurance Group AG, including savings portions from unit-linked and index-linked life insurance, rose by 9.7 per cent to €4,397.2 million in the first six months of 2025 compared with the same period of the previous year (1 – 6/2024: €4,010.2 million). Property and casualty insurance, health insurance and life insurance all contributed to this pleasing growth. The premiums for the first half of the year and the comparative figures from the previous period were adjusted for income from the countries Albania, Kosovo and North Macedonia, as they are no longer part of the UNIQA Group.
The UNIQA Group’s insurance sales – the insurance revenue in accordance with IFRS 17 – rose in the first half of 2025 by 8.9 per cent to €3,498.8 million (1 – 6/2024: €3,211.6 million). All business lines and segments contributed to this: property and casualty insurance grew by 8.6 per cent, health insurance by 8.4 per cent and life insurance by 12.1 per cent. Insurance revenue in Austria rose by 5.7 per cent and gained 12.9 per cent in the international companies.
UNIQA’s insurance service result rose by 23.2 per cent to €378.4 million (1 – 6/2024: €307.2 million).
Net investment income in the first six months of 2025 continued to be characterised by the turbulence on the international financial markets and amounted to €400.0 million (1 – 6/2024: €437.7 million). The financial result decreased to €88.2 million in the reporting period (1 – 6/2024: €129.5 million).
The UNIQA Group’s earnings before taxes improved by 6.5 per cent to €295.5 million (1 – 6/2024: €277.5 million). Consolidated profit (after tax and non-controlling interests) increased by 5.3 per cent to €232.5 million (1 – 6/2024: €220.9 million).
The solvency capital requirement ratio in accordance with Solvency II, which serves as an indicator of capitalisation, was at a high level of 284 per cent at UNIQA as at the reporting date of 30 June 2025.
The contractual service margin increased to €5,868.4 million as at 30 June 2025 (1 January 2025: €5,345.6 million). This balance sheet item – new since IFRS 17 – represents the profits expected from insurance contracts in future.
Results in the business lines
Property and casualty insurance
Premiums written in property and casualty insurance grew by 11.8 per cent to €2,723.2 million in the first six months of 2025 (1 – 6/2024: €2,436.0 million).
The net combined ratio (after deduction of reinsurance) also decreased slightly from 91.7 per cent to 90.5 per cent, thus improving once again.
Health and life insurance
In health insurance, growth of 7.1 per cent to €811.3 million was recorded in premiums written in the first six months of 2025 (1 – 6/2024: €757.8 million).
In life insurance, the premiums written including savings portions from unit-linked and index-linked life insurance increased by 5.7 per cent to €862.7 million in the reporting period (1 – 6/2024: €816.4 million).
New business in health and life insurance remained at a good level in the first three months of 2025.
Business outlook
In the remainder of the 2025 financial year – the first year of our enhanced strategic programme “UNIQA 3.0 – Growing Impact” – we will continue to focus on strengthening our core insurance business and increasing profitability in Austria, as well as on profitable growth in our CEE markets. We still expect premium growth to remain above GDP growth.
Thanks to our strong performance in the first six months of the year, we expect earnings before taxes for 2025 to be in the range of €490 million to €510 million, barring any significant negative impacts from natural disasters and capital market turmoil.
With a target payout ratio of 50 to 60 per cent, we continue to strive for progressive and attractive profit-sharing for our shareholders.
Clause regarding predictions about the future
This press release contains statements which refer to the future development of UNIQA. These statements present estimations which were reached on the basis of all of the information available to us at the present time. If the assumptions on which they are based do not occur, the actual results may vary from the results currently expected. This is why no guarantee can be provided for the information given.
Kurt Svoboda, CFO and CRO at UNIQA Insurance Group AG, explains the details of the 2025 half-year results in this video on YouTube.
Please see the Half-Year Financial Report 2025 and the corresponding presentation of profit/(loss) for further information and details; both of these are available in the Investor Relations area on the UNIQA website.
UNIQA Group
The UNIQA Group is one of the leading insurance companies in its core markets of Austria and Central and Eastern Europe (CEE). Around 20,000 employees and exclusive sales partners serve more than 17 million customers across 14 countries. UNIQA is the second largest insurance group in Austria with a market share of about 21 per cent. In the CEE growth region UNIQA is present in 11 markets: Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Hungary, Montenegro, Poland, Romania, Serbia, Slovakia and Ukraine. In addition, insurance companies in Switzerland and Liechtenstein are also part of the UNIQA Group.