- Premiums written rise by 8.2 per cent to €8.36 billion
- Combined ratio continues to improve, reaching 91.7 per cent
- Earnings before taxes up by 16.9 per cent to €516.4 million
- Net consolidated profit climbs by 22.2 per cent to €424.8 million
- Dividend is expected to increase by 20 per cent to €0.72 per share
"Our strength lies in our broad diversity: All customer segments and regions contributed to our excellent results in 2025. Our home market of Austria forms an extremely stable foundation for UNIQA, and our very good position in CEE remains our strong growth engine. At the same time, the economy in Central and Eastern Europe will continue to develop much more dynamically than in the eurozone – an environment that opens up considerable additional potential for us”, says Andreas Brandstetter, CEO UNIQA Insurance Group, analysing the preliminary results for 2025.
Double-digit growth in property and casualty insurance
In concrete numbers, this means: UNIQA increased its premium revenues by 8.2 per cent to €8.36 billion in 2025. This strong and profitable growth came from all business lines. The main drivers were property and casualty insurance (up 10 per cent) and health insurance (up 6.3 per cent). Life insurance also made a significant contribution in 2025 (up 5.1 per cent) – particularly in the international segment. In Austria, this resulted in a total growth in premiums of 4.8 per cent, internationally even 9.8 per cent.
Significant increase in earnings before taxes
UNIQA recorded exceptionally strong growth in earnings before taxes, which rose significantly by 16.9 per cent to €516.4 million. Net consolidated profit climbs by 22.2 per cent to €424.8 million. The main driver of this excellent trend is the continued improvement in the net combined ratio (combined ratio after relief from external reinsurance partners) – it now stands at a very good 91.7 per cent. This positive development is due, among other things, to the virtual absence of natural catastrophes.
Accelerated implementation of our strategy
“2025 was an excellent first year of our 'UNIQA 3.0 – Growing Impact 2025-2028' strategic programme. Thanks to strong performance and consistent cost and capital discipline, we are progressing faster than planned and are now one year ahead of the original forecasts”, explains Brandstetter.
Based on this, UNIQA already shifted its strategic financial targets upwards at the end of last year. The main reason for this trend is the acceleration of profitability and growth in property and casualty insurance. In health insurance, UNIQA is also consistently focussing on growth in Austria in order to expand its leading market position and support customers even more strongly with innovative health solutions.
Dividend increases significantly
"We are keeping our promise of an annually increasing dividend per share and a payout ratio in the range of 50 to 60 per cent. Our good business performance enables a significant increase in profit distribution, which is why we will propose a 20 per cent higher dividend of €0.72 per share at the Annual General Meeting on 9 June 2026”, concludes Brandstetter. We expect earnings before taxes of between €540 million and €570 million for the 2026 financial year.
Preliminary consolidated key figures for 2025 in detail
UNIQA Insurance Group AG’s premiums written, including savings portions from unit-linked and index-linked life insurance, rose by 8.2 per cent to €8,354.7 million in 2025 (2024: €7,839.7 million).
The UNIQA Group’s insurance sales – the insurance revenue in accordance with IFRS 17 – increased by 8.5 per cent to €7,115.5 million in 2025 (2024: €6,557.2 million). All business lines and segments contributed to this: In 2025, property and casualty insurance increased by 8.0 per cent, health insurance by 6.9 per cent and life insurance by 14.3 per cent. In Austria, insurance revenue increased by 6.1 per cent to €3,947.6 million in 2025 (202: €3,720.0 million), in the international companies by 10.9 per cent to €3,054.0 million (2024: €2,755.0 million).
The UNIQA Group’s insurance service expenses increased by 6.4 per cent to €6,280.6 million in 2025 (2024: €5,900.4 million).
The technical result of the UNIQA Group rose in 2025 clearly to €710.8 million (2024: €560.5 million).
Net investment income increased in 2025 to €798.8 million due to the excellent current income (2024: €749.7 million). At €209.4 million, the financial result remained at the previous year’s level (2024: €210.2 million).
Earnings before taxes of the UNIQA Group rose by 16.9 per cent to €516.4 million (2024: €441.9 million).
Consolidated profit/(loss) (the proportion of net profit/(loss) for the period attributable to the shareholders of UNIQA Insurance Group AG) increased by 22.2 per cent to €424.8 million (2024: €347.6 million).
The return on equity (profit/(loss) for the period from continuing operations in relation to the average equity excluding non-controlling interests) increased in the reporting year to 14.3 per cent (2024: 12.4 per cent).
The contractual service margin for health, life and property insurance increased to €5,879.3 million as at 31 December 2025 (31 December 2024: €5,345.6 million). This balance sheet item – new since IFRS 17 – represents the profits expected from insurance contracts in future.
UNIQA’s solvency capital requirement ratio in accordance with Solvency II, which serves as an indicator of capitalisation, was at a high level of around 275 per cent as at the reporting date of 31 December 2025 (2024: 264 per cent).
Results in the business lines
Property and casualty insurance
Premiums written in property and casualty insurance grew by 10.0 per cent to €5,044.7 million in 2025 (2024: €4,587.0 million). The most decisive factor was the consistently strong sales performance.
The net combined ratio (after deduction of reinsurance) also improved slightly from 93.1 per cent to 91.7 per cent.
Health and life insurance
In health insurance, premiums written rose by 6.3 per cent to €1,609.5 million in the reporting period due to premium adjustments and good new business development (2024: €1,514.5 million).
In life insurance, premiums written including savings portions from unit-linked and index-linked life insurance rose in 2025 by 5.1 per cent to €1,700.4 million (2024: €1,618.4 million).
The contractual service margin of UNIQA Group’s new business (in health and life insurance) amounted to 9.2 per cent in 2025 with a value of €259 million.
Business outlook
For the 2026 financial year, our focus remains clearly on further strengthening our core underwriting business. In Austria, we are concentrating in particular on a sustainable increase in profitability and efficiency as well as the expansion of our health insurance business, while the focus in our CEE markets is on accelerating profitable growth. Accordingly, we expect premium growth in our markets to exceed the respective GDP in 2026 as well. Our overriding goal remains to position UNIQA as a diversified, attractive dividend share with sustainable premium and earnings growth.
With a target payout ratio of 50 to 60 per cent, based on an annually increasing dividend per share, we want to continue to offer our shareholders a progressive and attractive profit-sharing scheme.
The geopolitical environment remains unstable and weather-related damage will also tend to increase further, which is why the forecast for future business development is subject to uncertainty. Barring any exceptionally high negative burdens from natural catastrophes or capital market distortions, UNIQA expects earnings before taxes of between €540 million and €570 million for the 2026 financial year.
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. As a result, no guarantee can be provided for the information given.
Video
In this video on YouTube, Kurt Svoboda, CFO & CRO of UNIQA Insurance Group AG, explains the details of the figures.
Further details and publications are also available from UNIQA Investor Relations.