News - Re/Insurance groups

Sava Insurance Group YE 2022 net profit declined by over 10% to EUR 68.2 million

Slovenian Sava Insurance Group informed that it generated a net profit of EUR 68.2 million in 2022, exceeding the annual target by 13.7%, according to the Unaudited financial statements of the Sava Insurance Group for 2022. Compared with 2021 when the same indicator totaled EUR 76.16 million, the net profit declined by over 10%.



S&P upgraded UNIQA's outlook from "negative" to "stable"

On 1 March 2023 the international ratings agency Standard & Poor's (S&P) upgraded the outlook for UNIQA Insurance Group AG, UNIQA Osterreich Versicherungen AG and UNIQA Re AG from "negative" to "stable". S&P also reconfirmed the "A" rating for UNIQA Osterreich Versicherungen AG and UNIQA Re AG, and the "A-" rating for UNIQA Insurance Group AG.


Gunter Geyer received the "Medal for Merit", I Class from the Czech President

The Chairman of the Supervisory Board of Vienna Insurance Group (VIG), Gunter Geyer, received the "Medal for Merit", I Class, from the President of the Czech Republic, Milos Zeman, on 2 March 2023. The ceremony at Prague Castle was also attended by the Austrian Federal President Alexander Van der Bellen.



VIG expects FY2022 net results in a range of EUR 460-470 million

The Austrian insurer Vienna Insurance Group informed that according to FY2022 preliminary figures it expects net results in a range of EUR 460-470 million, significantly above expectations. The result before taxes amounts to about EUR 560 million.

Croatia osiguranje's year-end profits increased to over EUR 50 million

Croatian conglomerate ADRIS Grupa with business in tourism, food production and insurance (the owner of Croatia osiguranje Group - one of the largest insurers in Adriatic region), informed it recorded total revenues amounting to HRK 6.5 billion (EUR 862 million), 14% higher compared to the previous year.

UNIQA posts YE2022 EBT worth EUR 422 million

Austrian insurer UNIQA Insurance Group announced in the financial year 2022 it generated earnings before taxes of EUR 421.7 million, 10.3% more y-o-y, while the value of premiums written rose by 3.9% to EUR 6.60 billion.




David Knibbe to be reappointed as CEO of NN Group

The Supervisory Board of NN Group intends to reappoint David Knibbe as member of the Executive Board of NN Group and to designate him again as Chief Executive Officer (CEO) and chair of the Executive Board for a term of four years, as the Dutch group announced in a statement.

Allianz posted 5.7% operating profit growth for 2022

The German insurance group Allianz reported FY2022 total revenues worth EUR 152.7 billion, representing an increase of 2.8% y-o-y (12M 2021: EUR 148.5 billion), largely driven by the Property-Casualty business segment.



Jan Willem Weidema to leave Aegon

Dutch insurer Aegon informed that Jan Willem Weidema, Head of Investor Relations, has decided to leave the company as per July 1, 2023. "Following Capital Markets Day on June 22, 2023, he will take an extended sabbatical to travel Europe with his family".