Austria's UNIQA H1 premiums rise on property, casualty growth

UNIQA Insurance AG

20/08/2026 06:36

Overview
Austria-based insurer's H1 premiums written rose 12% to €4.9 bln
Pretax profit for H1 up 10.5% to €327 mln; net profit climbed 11.1%
Combined ratio at 91.6%, supported by strong investment and absence of major disasters

Outlook
UNIQA confirms 2026 earnings before taxes outlook of €540 mln to €570 mln
Company says outlook is subject to uncertainty from geopolitical instability and weather events
UNIQA maintains payout ratio target of 50-60% and aims for progressive dividend

Result Drivers
PROPERTY & CASUALTY GROWTH - Strong premium growth in property and casualty insurance, including significant contribution from UNIQA Re reinsurance business
HEALTH INSURANCE - Health insurance posted 7.9% premium growth and a significantly higher profit
INVESTMENT INCOME - Net investment income rose 46.7%, supporting earnings

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Premiums Written
 
EUR 4.90 bln
 
H1 Net Consolidated Income
 
EUR 258 mln
 
H1 Combined Ratio
 
91.60%
 
H1 Pretax Profit
 
EUR 327 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the multiline insurance & brokers peer group is "buy."
Wall Street's median 12-month price target for Uniqa Insurance Group AG is €18.00, about 0% even its August 19 closing price of €18.00
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)