Austria's UNIQA Insurance Q1 premiums written rise 14.4%, helped by property & casualty growth

UNIQA Insurance AG

29/05/2026 06:40

Overview
Austria insurer's Q1 premiums written rose 14.4% yr/yr to €2.80 bln
Pretax profit for Q1 increased 5.9% to €160 mln
Company confirms 2026 pretax profit outlook of €540–570 mln amid market uncertainties

Outlook
UNIQA confirms 2026 earnings before taxes guidance of €540–570 mln
Company maintains focus on growth and insurance margins in Austria and CEE
UNIQA says outlook subject to uncertainty due to geopolitical instability and weather-related damages

Result Drivers
PROPERTY & CASUALTY GROWTH - Premium growth in property and casualty insurance, led by UNIQA Re in Zurich, was a key driver, with segment premiums up 19.5% to €1.90 bln
TECHNICAL PROFITABILITY - Improved technical result, up 5.3% to €210 mln, supported earnings amid volatile capital markets
INVESTMENT INCOME - Net investment income increased to €151 mln despite sustained turbulence on international financial markets

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Premiums Written
Beat
EUR 2.80 bln
EUR 1.89 bln (1 Analyst)
Q1 Net Income
 
EUR 128 mln
 
Q1 Pretax Profit
 
EUR 160 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "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 €16.50, about 0.9% above its May 28 closing price of €16.36
The stock recently traded at 11 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.)