These findings have emerged from the Report on the Austrian Insurance Sector for the fourth quarter of 2021, which was published today by the Austrian Financial Market Authority (FMA) here.
The volume of premiums in the 4th Quarter of 2021 consisted of EUR 2.51 billion in the non-life/accident insurance sector (+7.21% compared to Q4 2020), EUR 1.39 billion in the life insurance sector (+1.85%) and EUR 653 million in the health insurance sector (+8.00%).
For the full year in 2021, premium volume in life insurance increased by 0.56% to EUR 5.39 billion. The sectors non-life and accident insurance and health insurance were able to post increases of +4.57% to EUR 11.83 billion and +4.43% to EUR 2.54 billion respectively.
In 2021 the technical result compared with 20211 increased by 38.24% or EUR 211.9 million to EUR 766.0 million, with the financial result increasing by 74.08% or EUR 1,311.2 million to EUR 3.1 billion. Consequently, the result from ordinary activities (EGT) improved by EUR 1,198.7 million or +161.2% to EUR 1,942.4 million.
The total of all assets at market value (excluding investments in the area of unit-linked and index-linked life insurance) stood at EUR 116.68 billion at the end of 2021, an increase of 2.0% or + EUR 2.28 billion more than the corresponding value at year-end 2020.
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