Full Year 2025 Uniqa Insurance Group AG Earnings Call Transcript
Key Points
- UNIQA Insurance Group AG (WBO:UQA) reported a strong growth of over 8% in 2025, reaching EUR8.3 billion in gross written premiums.
- The company achieved a combined ratio of 91.7%, indicating strong underwriting discipline and pricing capabilities.
- Profit before tax exceeded expectations, reaching EUR560 million, above the upper range of the previous guidance.
- The company proposed a significant dividend increase of over 20%, up to EUR0.72 per share.
- UNIQA's international business, particularly in Central and Eastern Europe (CEE), showed strong growth and profitability, contributing significantly to the overall results.
- The solvency ratio decreased by 8 percentage points in Q4 2025 due to non-economic assumption changes and market risk from STRABAG's performance.
- The combined ratio increased slightly in Q4 compared to Q3, driven by seasonal cost loadings and balance sheet management actions.
- The company anticipates slower growth in Poland, a key market, compared to the high growth rates seen in early 2025.
- The tax rate was particularly low at 18% in Q4, attributed to one-off factors, and is not expected to be sustainable in the long term.
- Potential secondary effects from geopolitical tensions in the Middle East could impact inflation, energy prices, and economic growth in Europe.
Ladies and gentlemen, we warmly welcome you to the conference call for the full year 2025 preliminary results of the Uniqa Insurance Group AG.
Please note that this call is being recorded.
I am pleased to welcome Uniqa's CEO, Andreas Brandstetter and CFRO, Kurt Svoboda, who will guide us through the presentation shortly.
(Operator Instructions)
With that, I'm handing over to you, Mr. Andreas Brandstetter.
Thank you very much and good afternoon from sunny Vienna. Very happy that you're so bold to spend the afternoon of Friday, the 13th, voluntarily with us. I appreciate this.
This is just a brief confirmation of what we promised to you at Capital Markets Day in London in November of last year. As far first, the outlook for the year 2025 was concerned, and second, as far as our general guidance for the rest of UNIQA 3.0 growing impact, meaning for the years 2026 till 2028 is concerned.
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