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Investing.com -- Uniqa Insurance Group AG (VIE:UNIQ) on Friday raised its full-year earnings forecast after reporting higher profit and premiums in the first half of 2025.
The Vienna-based insurer said it now expects earnings before taxes for the year to be between €490 million and €510 million.
Earnings before taxes for the first six months rose 6.5% to €295.5 million, compared with €277.5 million in the same period a year earlier. Consolidated profit increased 5.3% to €232.5 million from €220.9 million.
Premiums written climbed 9.7% to €4.4 billion in the first half, supported by a 4.8% increase in Austria and a 10.8% rise in international operations.
Property and casualty insurance premiums advanced 11.8% to €2.7 billion, health insurance gained 7.1% to €811.3 million and life insurance grew 5.7% to €862.7 million.
Insurance sales under IFRS 17 increased 8.9% to €3.5 billion, with all business lines contributing to the growth.
The company’s insurance service result rose 23.2% to €378.4 million. Its net combined ratio, a measure of profitability in property and casualty insurance, improved to 90.5% from 91.7% a year earlier.
Net investment income fell to €400 million in the first half from €437.7 million in the same period of 2024, reflecting financial market turbulence. The financial result decreased to €88.2 million from €129.5 million.
Uniqa Insurance reported a solvency capital requirement ratio of 284% as of June 30, compared with a high level in the prior year, and said its contractual service margin increased to €5.9 billion from €5.3 billion at the start of 2025.
The company said all business segments contributed to the overall growth and that premium income in its Central and Eastern European markets, particularly Poland, continued to expand.