UNIQA
Note: This is a daily stock update and the information stands true as of 20/11/25, 09:00 CET.
Company Update:
Expert Opinion:
We stick to our positive stance on that small Austrian insurance company. The FY guidance implies a Q4 profit of €87m only ie a 14% drop yoy. Our analyst is therefore EXTREMELY confident that the company will raise the guidance at its CMD next week. And there is no reason to believe the good trend will not continue beyond 2025. Despite the recent strong run of the company, we still see upside on the name. One of our analyst's conviction buy in the sector.
For daily updates, subscribe to our newsletter and for detailed information, reach out to us at sales@alphavalue.eu
Company Update:
Gross Written Premiums were up 9.2% to €6,411m in 9M25, with continued strong growth in P&C and Life, but a slowdown in Health in Q3.
Profit before tax increased by 24.4% to €423m, above our expectations of €402m.
The combined ratio came in at 91.0%, an improvement of more than 3pp over 9M and more than 5pp in Q3 alone, as last year had been hit by Storm Boris in CEE (impact of €82m in 3Q24 net of reinsurance).
Net profit was up 26% y/y, well ahead of the group’s 6% medium-term target. A new CMD is scheduled for Monday and Wednesday next week. The CFO has previously hinted that the 2028 targets could be raised.
Expert Opinion:
We stick to our positive stance on that small Austrian insurance company. The FY guidance implies a Q4 profit of €87m only ie a 14% drop yoy. Our analyst is therefore EXTREMELY confident that the company will raise the guidance at its CMD next week. And there is no reason to believe the good trend will not continue beyond 2025. Despite the recent strong run of the company, we still see upside on the name. One of our analyst's conviction buy in the sector.
For daily updates, subscribe to our newsletter and for detailed information, reach out to us at sales@alphavalue.eu
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