UNIQA INSURANCE GROUP AG Seeding the
FUTURE
Group Report 2020 / UNIQA Group
UNIQA Group at a glance
Consolidated key figures | 2020 | 2019 | Change |
In € million | |||
Premiums written | 5,261.2 | 5,062.8 | +3.9% |
Savings portions from unit-linked and index-linked life insurance (before reinsurance) | 304.1 | 309.8 | -1.8% |
Premiums written including savings portions from unit-linked and index-linked life insurance | 5,565.3 | 5,372.6 | +3.6% |
of which property and casualty insurance | 3,010.3 | 2,846.8 | +5.7% |
of which health insurance | 1,167.6 | 1,130.8 | +3.2% |
of which life insurance | 1,387.5 | 1,394.9 | -0.5 % |
of which recurring premiums | 1,294.3 | 1,290.3 | +0.3% |
of which single premiums | 93.2 | 104.6 | -10.9% |
Premiums written including savings portions from unit-linked and index-linked life insurance | 5,565.3 | 5,372.6 | +3.6% |
of which UNIQA Austria | 3,837.5 | 3,800.8 | +1.0% |
of which UNIQA International | 1,705.4 | 1,561.2 | +9.2% |
of which reinsurance | 1,162.7 | 1,129.2 | +3.0% |
of which consolidation | -1,140.3 | -1,118.7 | +1.9% |
Premiums earned (net) | 5,029.5 | 4,861.1 | +3.5% |
of which property and casualty insurance | 2,809.0 | 2,678.4 | +4.9% |
of which health insurance | 1,163.6 | 1,123.0 | +3.6% |
of which life insurance | 1,057.0 | 1,059.6 | -0.2% |
Savings portions from unit-linked and index-linked life insurance (after reinsurance) | 304.1 | 309.8 | -1.8% |
Premiums earned including savings portions from unit-linked and index-linked life insurance | 5,333.7 | 5,170.8 | +3.1% |
Insurance benefits1) | -3,694.6 | -3,666.1 | +0.8% |
of which property and casualty insurance | -1,775.1 | -1,719.5 | +3.2% |
of which health insurance | - 963.1 | -969.3 | -0.6% |
of life insurance2) | -956.4 | -977.3 | -2.1% |
Operating expenses (net)3) | -1,566.4 | -1,407.1 | +11.3% |
of which property and casualty insurance | -970.7 | -861.2 | +12.7% |
of which health insurance | -225.0 | -187.8 | +19.8% |
of which life insurance | -370.7 | -358.1 | +3.5% |
Cost ratio (after reinsurance) | 29.4% | 27.2% | - |
Combined ratio (net after reinsurance) | 97.8% | 96.4% | - |
Net investment income | 505.4 | 585.2 | -13.6% |
Earnings before taxes | 57.1 | 232.0 | -75.4% |
Profit/(loss) for the period | 24.3 | 175.1 | -86.1% |
Consolidated profit/(loss) | 19.4 | 171.0 | -88.6% |
Operating return on equity | 0.6% | 5.4% | - |
Investments | 22,319.2 | 20,624.8 | +8.2% |
Shareholders' equity | 3,450.1 | 3,367.7 | +2.4% |
Equity, including non-controlling interests | 3,474.8 | 3,387.1 | +2.6% |
Technical provisions (net)4) | 23,796.8 | 22,083.9 | +7.8% |
Total assets | 31,908.0 | 28,673.8 | +11.3% |
Number of insurance contracts | 25,058,554 | 20,923,632 | +19.8% |
Average number of employees (FTEs) | 13,408 | 13,038 | +2.8% |
- Including expenditure for profit participation and premium refunds
- Including expenditure for (deferred) profit participation
- Less reinsurance commissions and share of profit from reinsurance ceded
- Including technical provisions for life insurance policies held on account and at risk of policyholders
Premiums written
In € million
5,048 | 5,293 | 5,309 | 5,373 | 5,565 |
2016 | 2017 | 2018 | 2019 | 2020 |
(Including savings portions from unit-linked and index-linked life insurance)
Earnings before taxes
In € million
295 | ||||
265 | ||||
226 | 232 | |||
57 | ||||
2016 | 2017 | 2018 | 2019 | 2020 |
Combined ratio
In per cent
98.1 | 97.5 | 97.8 |
96.8 | 96.4 |
2016 | 2017 | 2018 | 2019 | 2020 |
(After reinsurance)
Regulatory solvency capital requirement (SCR)
In per cent
250248
202 | 221 |
170
2016 | 2017 | 2018 | 2019 | 2020 |
Dividend per share
In €
0.49 | 0.51 | 0.53 | ||
0.18 | 0.18 | |||
2016 | 2017 | 2018 | 2019 | 20201) |
- Proposal to the Annual General Meeting
Return on equity
In per cent
7.9 | ||
4.7 | 5.1 | 5.4 |
0.6
2016 | 2017 | 2018 | 2019 | 2020 |
Definitions of the essential key figures can be found in the glossary from page 177.
The UNIQA Group is one of the leading insurance companies in its core markets of Austria and Central and Eastern Europe (CEE). Around 23,500 employees and exclusive sales partners serve around 15.5 million customers across 18 countries. UNIQA is the second largest insurance group in Austria with a market share of over 21 per cent. In the CEE growth region, UNIQA is present in 15 markets: Albania, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Hungary, Kosovo, Montenegro, North Macedonia, Poland, Romania, Russia, Serbia, Slovakia and Ukraine. In addition, insurance companies in Switzerland and Liechtenstein are also part of the UNIQA Group.
Balanced | … in the core markets of Austria |
portfolio … | and CEE |
25% | 69% | |
Life insurance | Austria | |
54% | ||
Property | ||
and casualty | ||
insurance | ||
31% | ||
21% | International | |
Health | ||
insurance | Premium distribution | |
Highlights of 2020 | 2 |
Foreword by the CEO | 4 |
COMPANY | 8 |
Mission | 9 |
Company history | 9 |
Markets | 10 |
Group Executive Board | 12 |
STRATEGY | 14 |
UNIQA 3.0 | 15 |
Ascent into the premier league in CEE | 24 |
Fit for the future | 26 |
STAKEHOLDERS | 28 |
Inspiring coaches - customers | 29 |
(Most) attractive employer - employees | 32 |
Investment with potential - investors | 35 |
Corporate Governance | 38 |
Corporate Governance Report1) | 39 |
Report of the Supervisory Board | 50 |
Performance 2020 | 54 |
Group Management Report2) | 56 |
Consolidated Financial Statements2) | 76 |
Notes to the Consolidated | |
Financial Statements2) | 85 |
Risk report2) | 154 |
Audit opinion | 171 |
Service | 177 |
Glossary | 177 |
Overview of key figures 2015-2020 | 182 |
Imprint | 183 |
- Evaluated externally
- Audited
Seeding the
FUTURE
New customers: One billion euros in investments for five million new customers in CEE, for €800 million more in premiums and for plenty of knowledge and expertise from our new colleagues!
New responsibility: Special support for our private and corporate clients to deal with Covid-19and its consequences as effectively as possible. Despite all the strains placed on them, our employees have achieved some great things and make us proud!
New strategy: Covid-19 has proven to us that we are on the right track. A radical focus on the customer, simplification, investment in digitalisation, data, IT and health. And once again attractive, reliable returns for you, as our owners. Are you, just like Albert Einstein, more interested in your future than in the past because you intend to live in the former? Same here! So we are preparing for it now: "UNIQA 3.0 - Seeding the Future"!
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UNIQA Insurance Group AG published this content on 08 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 April 2021 06:33:05 UTC.
