- Premiums written grew by 9.2 per cent to €6,411 million
- Net combined ratio improved to 91.0 per cent
- Earnings before taxes increased by 24.4 per cent to €423 million
- Consolidated profit rose by 26.1 per cent to €333 million
- Capital requirement ratio in accordance with Solvency II at a high level of 283 per cent
“Driven by high productivity in sales, consistent cost discipline and a pleasing development in the claims area – also thanks to the virtual absence of natural disasters – we were able to further significantly improve our earnings”, says Andreas Brandstetter, CEO of UNIQA Insurance Group AG. “We are growing in all business lines in Austria, as well as in Central and Eastern Europe, where our subsidiaries are continuing their successful course.” In figures, this translates into a solid five per cent increase in premiums in Austria and continued dynamic growth of around ten per cent in CEE. The increase in premiums is particularly strong in the largest market, Poland, at 13.8 per cent, but also in Romania (+17.1 per cent) and Ukraine (+12.7 per cent).
Based on this very good development, UNIQA confirms its already raised outlook for the entire 2025 financial year and expects earnings before taxes in the range of €490 to €510 million.
Key figures for 1 – 9/2025
Premiums written at UNIQA Insurance Group AG, including savings portions from unit-linked and index-linked life insurance, rose by 9.2 per cent to €6,411 million in the first nine months of 2025 compared with the same period of the previous year (1 – 9/2024: €5,872 million). Significant contributions to growth came from all segments, especially property and casualty insurance. The health and life insurance business lines also posted solid gains.
Insurance revenue – in accordance with IFRS 17 – at the UNIQA Group rose in the first three quarters of 2025 by 8.4 per cent to €5,298 million (1 – 9/2024: €4,888 million), with all business lines and segments contributing to this growth: property and casualty insurance grew by 8.3 per cent, health insurance by 6.0 per cent and life insurance by 12.9 per cent. Insurance revenue in Austria rose by 5.5 per cent and gained 11.8 per cent in the international companies.
The UNIQA Group’s technical result amounted to €577 million (1 – 9/2024: €391 million).
At €592 million, the net investment income for the first nine months of 2025 was only slightly below the previous year’s level (1 – 9/2024: €619 million) despite ongoing fluctuations on the international financial markets. The financial result amounted to €136 million (1 – 9/2024: €182 million) in the reporting period.
The UNIQA Group’s earnings before taxes improved by 24.4 per cent to €423 million (1 – 9/2024: €340 million). Consolidated profit/(loss) (the proportion of net profit/(loss) for the period attributable to the shareholders of UNIQA Insurance Group AG) increased by 26.1 per cent to €333 million (1 – 9/2024: €264 million).
The solvency capital requirement (SCR) ratio according to Solvency II – considered to be an indicator for capitalisation – was at a very high level of 283 per cent at UNIQA as of the key reporting date of 30 September 2025.
Results in the business lines
Property and casualty insurance
Premiums written in property and casualty insurance rose by 11.4 per cent to €3,930 million in the first nine months of 2025 (1 – 9/2024: €3,529 million).
In property and casualty insurance, the net combined ratio (after reinsurance) improved to 91.0 per cent (1 – 9/2024: 94.4 per cent). This is due in no small part to the moderate course of major claims and natural disasters.
Health and life insurance
In health insurance, growth of 6.2 per cent to €1,213 million was recorded in premiums written in the first three quarters of 2025 (1 – 9/2024: €1,142 million).
In life insurance, premiums written (including savings portions from unit-linked and index-linked life insurance) increased in the reporting period by 5.5 per cent to €1,268 million (1 – 9/2024: €1,201 million), with the international segment performing particularly well, recording growth of 9.4 per cent.
New business in health and life insurance remained at a healthy level in the first nine months of 2025. Based on the contractual service margin, the new business margin was 9.4 per cent with a new business value of €184 million.
The contractual service margin (CSM) in health and life insurance increased to €5,863 million as at 30 September 2025 (31 December 2024: €5,252 million). This balance sheet item – new since IFRS 17 – represents the profits expected from insurance contracts in future.
Outlook
During the financial year 2025 – 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 to date, 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.
In this video, Kurt Svoboda, Chief Financial and Risk Officer at UNIQA Insurance Group AG, explains the latest results.