UNIQA capital requirement ratio in 2024 improved to 264%. The solvency capital requirement (SCR) ratio in accordance with Solvency II rose by a further 9 percentage points y-o-y. This key figure, which serves as an indicator of capitalisation, was at a high level of around 264% as at 31 December 2024 (55% in 2023).

UNIQA published Group Report 2024. According to the report, the SCR ratio is based on the ratio of own funds of EUR 6,211 million (EUR 5,941 million in 2023) to the own funds requirement of EUR 2,350 million (EUR 2,328 million in 2023). Tier 1 capital (core capital), which is regarded as particularly secure, currently accounts for 86% of UNIQA’s own funds.

360 key figures for 17 countries on 85 pages

At the same time, UNIQA published the latest Sustainability Report – for the first time no longer separately, but as part of the Group Report 2024. The basis for this is the new EU Corporate Sustainability Reporting Directive (CSRD). It ensures uniform European standards by combining group and sustainability reports in one document. This is intended to make it easier to compare companies, prevent greenwashing and promote sustainable practices throughout the economy. “The goal is to create more transparency with regard to sustainability so that investors, customers and all our stakeholders can make informed decisions. The report covers the most important topics relating to the environment, social responsibility and corporate governance and contains a total of 360 key figures”, explained Kurt Svoboda, CFO/CRO of UNIQA Insurance Group AG.

On the way to net zero emissions

UNIQA will reduce greenhouse gas emissions in the insurance business, in investments and in its own operations to a minimum level in order to achieve net zero emissions. A central component is the gradual phase-out of coal, oil and natural gas in our own investments and in the insurance business. UNIQA will achieve net zero emissions within the business model (insurance business, own operations management) by 2040 in Austria, and by 2050 throughout the entire Group (investment, insurance business, own operations management).

“Growing Impact 2025 – 2028” strategy

“With its clear focus on our 17 million customers, our Growing Impact strategy presented at the end of 2024 creates the structural conditions for realising stable earnings, profitable growth and an attractive, progressive dividend for our shareholders. At the same time, it shows that we are also prepared for periods of increased risks due to climate change and increasingly severe natural catastrophes”, said Kurt Svoboda. Over the next four years, UNIQA is aiming for average growth in the number of premiums written of at least 5%. Earnings per share are expected to increase by an average of at least 6% per annum. The aim is to achieve an annually increasing dividend per share with an unchanged payout ratio of 50 to 60%.

“The 2024 financial year has shown how resilient and fast-growing UNIQA is. Even though we were confronted with economic challenges and considerable flood damage, we are able to look back on a very good financial year: with a growth in premiums written of 9% to EUR 7.8 billion, of which 14% in CEE and 5% in Austria, earnings before taxes increased by almost 4% to EUR 442 million”, commented CFO/CRO of UNIQA Insurance Group AG. “Our capital requirement ratio of 264%, which has increased once again, highlights UNIQA’s solid financial basis. This gives us a capital strength that makes the company very resilient, also in view of the many economic challenges we are currently facing”, says Kurt Svoboda. Further details can be found in the Group Report 2024 published today and in the Solvency Capital Report. “These results confirm the outstanding performance of our team in Austria and Central and Eastern Europe, the strength of our diversified business model and the success of our strategic orientation,” concludes Svoboda.

“Our challenge in 2024 was to stay focused and balance out our capacities wisely. Our ambition on the one hand involved achieving a really good result for you as our shareholders at the conclusion of our “UNIQA 3.0 - Seeding the Future” strategic programme, which was launched in 2021; together with our Supervisory Board, we have also invested a great deal of effort and attention into working on the next stage in our company’s history, i.e. “UNIQA 3.0 -Growing Impact (2025-2028)”“, said Andreas Brandstetter, CEO UNIQA Group.

The full report can be found here.