UNIQA Insurance Group improved 2022 consolidated earnings to EUR 425 mn

On basis of preliminary results from preparing the consolidated financial statements of UNIQA Insurance Group as at 31 December 2022 Austrian UNIQA expects significantly improved consolidated earnings before taxes for the financial year 2022 in the range of EUR 420 million to EUR 425 million (2021: EUR 382.3 million; analyst consensus approx. EUR 364 million).

The preliminary earnings before taxes show UNIQA’s further improved core business.

Although UNIQA is aiming at continuously improving the performance in its core business in the financial year 2023, the current financial year 2023 will, due to the expected unstable overall macroeconomic development, be influenced by significant uncertainties – as this was already the case for the financial year 2022, among others volatile capital markets, significant sensitivities as to interest rates impacting its investments, uncertainties on the development of inflation and a tendency of increasing losses resulting from natural catastrophes.

For this reason and as in the past, no outlook on the results for the financial year 2023 is provided.

The UNIQA Group is one of the leading insurance companies in its core markets of Austria and Central and Eastern Europe (CEE).

Around 22,400 employees and exclusive sales partners serve almost 16 million customers across 18 countries. UNIQA is the second largest insurance group in Austria with a market share of about 21 per cent.

In the CEE growth region, UNIQA is present in 14 markets: Albania, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Hungary, Kosovo, Montenegro, North Macedonia, Poland, Romania, Serbia, Slovakia and Ukraine.

In addition, insurance companies in Switzerland and Liechtenstein are also part of the UNIQA Group.

by Peter Sonner