This article has multiple issues. Please help improve it or discuss these issues on the talk page . (Learn how and when to remove these template messages)
|
Company type | Aktiengesellschaft |
---|---|
WBAG: UQA | |
ISIN | AT0000821103 |
Industry | Insurance |
Founded | 1811/1999 |
Headquarters | Vienna, Austria |
Area served | Europe |
Key people | Andreas Brandstetter (CEO) |
Revenue | €5.37 billion (2019) |
Number of employees | 13,038 (2019) |
Website | www.uniqagroup.com |
The Uniqa Insurance Group AG (corporately styled "UNIQA") is one of the largest insurance groups in its core markets of Austria and Central and Eastern Europe and has approximately 40 companies in 22 countries and serve about 10.5 million customers. [1] The corporate headquarters is located in the Uniqa Tower in Vienna, Austria and is listed on the Vienna Stock Exchange.
Uniqa is established in 1999. In 2000, Uniqa continues its policy of expansion abroad and acquires companies in Italy, Poland, Austria, Hungary, Liechtenstein, Slovakia, the Czech Republic, Romania, Slovenia, Bosnia and Herzegovina, Bulgaria, Ukraine, Serbia, North Macedonia, Kosovo, Albania, Montenegro, Russia, Spain, Lithuania, Germany and Croatia. [2]
On 1 July 2011, a new management board team headed by Andreas Brandstetter takes over at the Uniqa Insurance Group. The new team develops a new growth strategy and begins to implement it. [3] In April 2012, the Uniqa Group sells its majority interest in the German Mannheimer AG Holding. [4] In May 2013, Uniqa Austria becomes the biggest insurer in Austria with 14% market share. In October 2013, Uniqa signs an agreement with Baloise Group to acquire insurance companies in Croatia and Serbia. [5]
In March 2014, Uniqa Insurance Group AG is included in the benchmark index of the Vienna Stock Exchange (ATX). [6] In July 2015, Uniqa resolves sale of indirect interest in Casinos Austria AG. [7] In January 2016, Uniqa launches the largest investment and innovation programme in its history amounting to around €500 million. [8] In October 2016, the company completes the reorganisation of the Group's structure. [9]
In December 2017, Kurt Svoboda becomes CEO of the Uniqa Österreich Versicherungen AG. [10] In 2018, Uniqa became the first Austrian insurance group to announce the gradual elimination of carbon-based transactions. [11]
In March 2019, Uniqa was the first insurer to be awarded with the OGUT Sustainability Certificate, based on the decision to remove all investments related to coal industry. [12] In November 2019, the company decided to reduce the number of management board members of the three major companies in Austria from 11 to 9. [13]
In February 2020 Uniqa acquired Axa's subsidiaries in Poland, the Czech Republic and Slovakia for 1 billion euros. The acquisition was approved by the EU-Commission in July 2020 [14] and was completed in October 2020 as the largest acquisition in company history. [15]
In 2023, the premiums rose to 7.18 billion euros (+9.7%). Insurance sales of the UNIQA Group increased by 12.1% to 5.99 billion euros. The increase in property and accident insurance in 2023 was 12.9 per cent, in health insurance 8.3 per cent and in life insurance 14.2 per cent. In Austria, insurance revenues rose by 8.6% (€3.5 billion), in international companies - by 15.3% (€2.4 billion). The group’s insurance costs increased by 11.5% (€5.3 billion).
Profit before tax amounted to 426.4 million euros. Net investment income in 2023 increased to 588.8 million euros. The consolidated profit of UNIQA Insurance Group shareholders increased by 18% to €302.7 million. [16]
Uniqa Insurance Group has approximately 40 companies in 16 countries and serve about 10.5 million customers. The group is divided into Uniqa Austria, [17] Uniqa International, [18] Uniqa Reinsurance [19] and further national companies. [20] The corporate sponsorships include measures relating to the environment, society, culture and sports. [21]
2019 [22] | 2018 [23] | 2017 | |
---|---|---|---|
Premiums written | 5.372,6 | 5.309,5 | 5.293,3 |
Net investment income | 295,7 | 294,6 | 254,6 |
Investments | 20.624,8 | 19.337,1 | 20.059,2 |
Total assets | 28.728,4 | 28.616,2 | 28.743,9 |
Average number of employees (FTE) | 13.038 | 12.818 | 12.839 |
Uniqa Insurance Group was established in 1999. It is the parent company of the Uniqa Group and acts as the central reinsurer. The group is listed on the Vienna Stock Exchange. [24] The members of the management board are Andreas Brandstetter (CEO), [25] Erik Leyers (COO) [26] and Kurt Svoboda (CFRO) [27]
The company is the sponsor of sports teams, events and organisations, including the Austria national football team, [28] Austrian Federal Sports Organization, Austrian Cup (football), [29] Uniqa Classic (cycling), First Vienna FC (football) [30] as well as athletes like Matthias Mayer (ski racer) and Bernadette Schild (ski racer). [31] In 2017, the company was main sponsor of the Special Olympics World Winter Games. [32] Uniqa Insurance Group supports Austrian museums, such as the Albertina, Kunsthistorisches Museum and Vienna Technical Museum as well as events like Grafenegg Festival and the children's and youth program of the Salzburg Festival. [33]
Uniqa Tower is the headquarters building of the group and was realized by architect Heinz Neumann in 2005. The 75 metre high building costs 70 million euro and is located in Vienna's district Leopoldstadt. [34]
Swiss Re Ltd is a Swiss reinsurance company founded in 1863 and headquartered in Zürich, Switzerland. It is one of the world's largest reinsurers, as measured by gross premiums written. Swiss Re operates through around 80 offices in 29 countries and employs over 14,000 people. It was ranked 519th on the Forbes Global 2000 list and ranked 316th on the Fortune Global 500 in 2023. Swiss Re is listed on the SIX Swiss Exchange.
Chubb Limited is an American company incorporated in Zürich, Switzerland. It is the parent company of Chubb, a global provider of insurance products covering property and casualty, accident and health, reinsurance, and life insurance and is the largest publicly traded property and casualty insurance company in the world. Chubb operates in 55 countries and territories and in the Lloyd's insurance market in London. Clients of Chubb consist of multinational corporations and local businesses, individuals, and insurers seeking reinsurance coverage. Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance.
Axa S.A. is a French multinational insurance company headquartered in the 8th arrondissement of Paris. It also provides investment management and other financial services as part of its subsidiaries. As of 2023, it is the largest financial services company by revenue in France, and the 4th largest French company.
Vienna Insurance Group AG Wiener Versicherung Gruppe (VIG) with its registered office in Vienna, Austria, is one of the largest international insurance groups in Central and Eastern Europe with approximately 25,000 employees.
BAWAG P.S.K. is the fourth largest bank in Austria. It was formed on October 1, 2005 by the merger of the separate banks P.S.K. and BAWAG.
Raiffeisen Zentralbank Österreich A.G. (RZB) was a significant bank in Austria and the central institution of the Raiffeisen Banking Group (RBG) until its merger into its subsidiary Raiffeisen Bank International (RBI) in 2017.
Axa XL is an American subsidiary of global insurance and reinsurance company Axa. It is headquartered in Stamford, Connecticut, domiciled in Hamilton, Bermuda, and has more than 100 offices on 6 continents.
The economy of Stamford, Connecticut is robust and is considered an anomaly for having a large number of corporate headquarters in a city of its size. In the 1980s and 90s, Stamford had the third highest concentration of Fortune 500 companies in the country, with 18 companies headquartered in the city. The only two cities that had higher concentrations in the nation were New York City and Chicago.
Assicurazioni Generali S.p.A. or commonly known as Generali Group is an Italian insurance company based in Trieste. As of 2022, it is the largest insurance company in Italy and ranks among the world's largest insurance companies by net premiums and assets.
Equitable Holdings, Inc. is an American financial services and insurance company that was founded in 1859 by Henry Baldwin Hyde. In 1991, French insurance firm AXA acquired majority control of The Equitable.
SIGAL UNIQA Group AUSTRIA is a group of seven insurance companies and one private pension fund that operates in Albania, Kosovo and North Macedonia.
SNS REAAL was a Dutch financial institution in insurance and banking which focused on the private market and small to medium businesses. It became a government-owned corporation after its nationalisation in 2013 and in 2017.
Ageas is a Belgian multinational insurance company co-headquartered in Brussels. Ageas is Belgium's largest insurer and operates in 13 countries worldwide. The company was renamed from Fortis Holding in April 2010 and consists of those insurance activities remaining after the breakup and sale of the financial services group Fortis during the financial crisis of 2007-2010.
Erste Group Bank AG is an Austrian financial service provider in Central and Eastern Europe serving 15.7 million clients in over 2,700 branches in seven countries.
Signa Holding GmbH is Austria's largest privately owned real estate company. Signa Holding GmbH announced insolvency proceedings at the end of November 2023. The company will apply for self-administration restructuring proceedings at the commercial court Vienna.
Leipnik-Lundenburger Invest Beteiligungs AG (LLI) is a holding company located in Vienna, Austria and primarily owned by Raiffeisen-Holding Niederösterreich-Wien reg.Gen.mbH as well as by Raiffeisen Zentralbank Österreich. Further shareholders are Raiffeisen Versicherungen AG (7.98%), UNIQA Österreich Versicherungen AG (2.02%) and Rübenbauernbund für Niederösterreich und Wien reg.Gen.mbH (6.89%).
Talanx is a German multinational financial services company headquartered in Hanover, Germany. Its core businesses include reinsurance, insurance and asset management. Talanx is Germany's third-largest insurance group and one of the major European insurance groups by premium income. The group operates in more than 150 countries.
VHV Group is a German insurance and reinsurance company based in Hanover, specialising in provision non-life and life insurance as well. Its core businesses are all insurance services. Today VHV Group operates primarily in Europe, Middle East and East Asia and especially in Germany, Switzerland, Italy, France, Austria and Turkey. VHV is one of the twenty most important insurance companies in Germany, the leading German insurance company in the construction sector and one of the five major car insurance companies in Germany. Moreover, the VHV Group is the leading risk life insurer in Germany. VHV Group owns a network of subsidiaries, branches and representative offices with a total staff of roughly 4,000, including 2,400 employees in Hanover. Due to the earning power of the VHV-Group and its capitalization level Standard and Poor's raised the rating on A+ Level in April 2017. In 2016 the VHV was able to expand its contractual figures to over 10 million insurance contracts for the first time.
Hartwig Löger is an Austrian politician and former business executive who served as minister of finance from 2017 to 2019. From 2011 to 2017 he was chief executive officer of UNIQA Austria. On 22 May 2019, following the Ibiza affair, he was named vice chancellor, and on 28 May 2019, he was sworn in as acting chancellor after Austria's first ever successful vote of no confidence against a cabinet, leaving this post on 3 June 2019.
Oberbank AG is an Austrian regional bank that is headquartered in Linz. It is part of the 3-Banken-Gruppe together with BKS Bank AG and Bank für Tirol und Vorarlberg AG (BTV).