Uniqa Insurance : Ergebnisse des ersten Halbjahrs 2023 24.08.2023
August 24, 2023 at 01:29 am EDT
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UNIQA Insurance Group AG
6M23 Performance
August 24th, 2023
Kurt Svoboda, CFO/CRO
UNIQA INSURANCE GROUP AG
Agenda
01
02
Group Results
6M23 Results | Outlook
Appendix
Segments | Investment Portfolio | Shareholder Information
24.08.2023 | UNIQA 6M23 Results Presentation
2
1.1
Group Results
6M23 Results
6M23 RESULTS
Executive Summary 6M23
24.08.2023 | UNIQA 6M23 Results Presentation
Insurance revenue increased by 10.7% compared to 6M22
Average new investment yield improved to 4.5%, from 3.5% in 6M22
Earnings before taxes of EUR 216m (vs. EUR 91m in 6M22)
Strong P&C combined ratio (gross) of 89.2% (a) (vs. 90.4% in 6M22)
Net investment income increased to EUR 325m, from EUR -117m in 6M22
Profit after taxes and minorities of EUR 172m (vs. EUR 87m in 6M22)
(a) excluding non-attributable costs and before reinsurance
4
6M23 RESULTS
Continued strength driven by net investment income and technical profitability
EURm
6M22
6M23
%
Gross Written Premium
3 436
3 707
7.9%
P&L Highlights
Insurance Revenue
2 637
2 920
10.7%
of that, CSM release
166
166
0.5%
Technical Result (a)
299
268
-10.4%
Financial Result
-107
73
n/a
of that, net investment income
-117
325
n/a
Non-directly attributable costs
84
129
53.7%
Earnings before taxes
91
216
136.2%
Profit after taxes and minorities
87
172
97.2%
KPIs
Group cost ratio
31.3%
32.6%
1.3pp
P&C gross combined ratio
90.4%
89.2%
-1.2pp
New business margin (personal lines)
6.1%
4.3%
-1.8pp
∅ New investment yield (b)
3.5%
4.5%
0.9pp
Continued growth in P&C in both core markets Austria and International; robust development in Health especially in AT
Decrease in technical result due to lower reinsurance reimbursements in 6M23, driven by favorable claims development
Net investment income much stronger in 6M23 due to higher current income, no significant impairments and stable interest rates
Significant result increase in 6M23 driven by investment income and technical profitability in UNIQA International
Improvement despite inflation driven increase in costs due to more favorable claims development in 6M23
Higher interest rates benefitting yield in both AT (3.4%) and International (6.8%) portfolios
24.08.2023 | UNIQA 6M23 Results Presentation
(a) Including re-insurance; excluding non-attributable costs (b) Fixed income assets only
5
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Disclaimer
UNIQA Insurance Group AG published this content on 24 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 August 2023 05:28:03 UTC.
Uniqa Insurance Group AG is one is one of the major Austrian insurance groups. Gross written premiums break down by activity as follows:
- non-life insurance (58.8%);
- health insurance (20.4%);
- life insurance (20.8%).
UNIQA INSURANCE GROUP AG 
