UNIQA Insurance Group (UQA) Q3 2025 earnings summary

Executive summary

• Premiums written rose 9.2% to €6,411 million, with Austria up 5% and international business up 10%.

• Consolidated profit increased by 26.1% to €333 million, and earnings before taxes climbed 24.4% to €423 million.

• Return on equity improved to 14.5%, and the net combined ratio improved to 91.0% from 94.4%.

• EPS increased to €1.09 (from €0.86 in 9M24), and the dividend per share is set at €0.60.

• Profitability was driven by strong P&C and international performance, with all business lines and regions contributing to growth.

Financial highlights

• Insurance revenue grew 8.4% year-over-year to €5,298 million.

• Technical result up 47.6% year-over-year, reaching €577 million.

• Net investment income was €592 million, down from €619 million last year, impacted by market volatility and STRABAG gains.

• Solvency II ratio at 283%, supported by STRABAG and interest rate movements.

• Admin cost ratio improved to 14.5% (from 15.3%).

Outlook and guidance

• Full-year profit guidance maintained at €490–510 million, with expectations to reach the upper end.

• Dividend payout ratio policy remains at 50–60% with a progressive dividend per share.

• Q4 expected to be seasonally weaker in growth and profitability.

• Premium growth anticipated to remain above GDP growth.

• Higher ordinary income expected in 2026 due to strategic asset allocation changes.