Updated targets for 2026 to 2028:
- Premium growth increases from 5 to 6 per cent annually, 4 per cent in Austria and 8 per cent internationally
- Consolidated profit grows by at least 7 per cent per year (instead of 6 per cent)
- Net combined ratio at a maximum of 93 per cent
- Stable return on equity of over 13 per cent
- Capital requirement ratio (Solvency II) between 180 and 230 per cent by 2028
Vienna, 27 November 2025 – UNIQA already raised its forecast for earnings before taxes for 2025 to a range of €490 million to €510 million at mid-year in view of the very strong business development. Now comes the next step: One year after launching the “UNIQA 3.0 – Growing Impact 2025 - 2028” strategic programme, the Management Board gave a positive interim assessment at a capital market update in Vienna and London and set more ambitious financial targets.
“We are ahead of schedule and are therefore raising our financial ambitions. The strong performance in Austria and CEE, particularly in property insurance and the healthcare business, as well as our consistent cost and capital discipline, make this possible. Our strategic initiatives are working – this is reflected in sustainably rising premiums, income and a robust return on equity”, says Andreas Brandstetter, CEO of UNIQA Insurance Group AG. “This makes UNIQA a reliable and even more attractive value for customers, shareholders and, of course, employees.”
“The past year has shown that our strategy is effective, both operationally and financially. We are growing faster, are more profitable and have our costs under control. This solid foundation allows us to raise our targets while maintaining our attractive, progressive dividend policy”, emphasises Kurt Svoboda, Chief Finance & Risk Officer UNIQA Insurance Group AG, and provides further details:“Premium growth is expected to average 6 per cent annually, earnings per share to grow by at least 7 per cent, and our target for a sustainable, stable return on equity increases to at least 13 per cent. All this with a net combined ratio of no more than 93 per cent. Our shareholders will continue to benefit directly from UNIQA’s success. With disciplined cost management, targeted investments and strong capitalisation, we are well positioned to grow profitably even in a challenging market environment, and to increase the company’s long-term value.”
Austria as a reliable pillar, opportunity in the health ecosystem
The Austrian business is a reliable pillar for UNIQA – in a stable, mature market environment. UNIQA is the market leader in six out of nine federal states. Growth is driven primarily by the property and casualty insurance business line. UNIQA is also particularly well positioned in health insurance, where it holds a market share of around 44 per cent.
Like almost all European countries, Austria is facing the challenges of an ageing population and an increasing shortage of medical staff. This is driving demand for innovative healthcare solutions across all markets in which UNIQA operates. “Four out of ten people who have private health insurance in Austria are UNIQA customers”, explains René Knapp, Member of the Management Board of UNIQA Insurance Group AG and responsible for Asset Management, Personal Lines, People & Brand, adding with regard to this strong starting position: “With a comprehensive ecosystem of healthcare services, extending far beyond traditional insurance benefits, and with our own medical infrastructure, UNIQA is consistently capitalising on these opportunities. We will continue to invest specifically in expanding this area.” The dynamic development of this market segment is being utilised in particular through the second brand, Mavie. Selected services are already available in eight CEE countries and in 19 languages.
Growth driver CEE
Markets in Central and Eastern Europe are growing around twice as fast as the eurozone. For the EU member states in Central, Eastern and Southeastern Europe, real GDP growth of 2.2 per cent in 2025 and 2.6 per cent in 2026 is expected. By contrast, the eurozone is forecast to grow at 0.9 and 1.4 per cent, respectively (The Vienna Institute for International Economic Studies). Despite this dynamic, insurance density in terms of average annual premiums per capita remains significantly below Western European levels. The ongoing convergence offers attractive growth potential from which UNIQA is benefiting to an above-average extent.
“Central and Eastern Europe remains UNIQA’s growth engine. We are now among the top five insurers in the world’s fastest-growing insurance region and have been outpacing the market for years. Over the period to 2028, we intend not only to maintain this pace but to accelerate it further, with a clear focus on profitability, scale and regional diversification”, says Wolfgang Kindl, Member of the Management Board for Customers & Markets International at UNIQA Insurance Group AG. “Our strength lies in the combination of local expertise and group-wide excellence. This positions us as the first choice for customers and sales. Specifically, this means that by 2028 we aim to achieve annual premium growth of at least 8 per cent in the CEE region. This is above the group average and proves the continued strong dynamic of our international markets.”
Prasentation capital markets update
Press Release 2024: New UNIQA strategy: Profitable growth, progressive dividends