UNIQA has achieved excellent business results in the SEE region, which consists of six countries (Bosnia and Herzegovina, Serbia, Montenegro, Bulgaria, Croatia and Romania). and significant growth in the UNIQA group in the first nine months of 2024: according to preliminary results, the gross invoiced premium grew is 10,9 percent, and the realized profit before taxation amounts to 27 million euros.
The UNIQA SEE region is the third largest community of countries in the UNIQA group, with around 1700 employees and two million clients. With the support of the Group, the region will continue to develop insurance in the region by providing clients with modern, digital and simple insurance solutions, but also influence the community by investing in socially responsible initiatives and in its employees.
UNIQA Montenegro also achieved excellent preliminary results in the first nine months of 2024 with a growth in gross invoiced premium of 15,2%, which strengthened its market position in a stable third place and confirmed the quality of the services and products it offers on the market.
UNIQA Insurance Group AG announced an increase in invoiced premium for 9,2 percent to around 6,0 billion euros, as well as pre-tax profit by 1 percent on 340 million euros in the first nine months. The Group's results for the first three quarters were particularly affected by the storm "Boris" in September, for which gross damages were paid in the amount of 184 million euros. UNIQA currently estimates that the total damage caused by this flood will amount to 230 million euros in gross amount and around 86 million euros in net amount after reinsurance.
Andreas Brandšteter, CEO of UNIQA Insurance Group AG, he pointed out that, despite the great damage caused by floods in Austria, Poland, the Czech Republic, Slovakia, Hungary and Romania, the Group achieved a solid result thanks to the company's consistent strategy, which enabled a strong position of UNIQA insurance in key markets and significantly increased the resistance of the technical result to negative influences . The key aspects are profitable business growth in Central and Eastern Europe and strong sales results throughout the Group.
UNIQA Group also presented a new, "UNIQA 3.0 - Growing Impact" strategy, which is based on an even greater orientation towards clients, reflecting the mission of UNIQA Insurance: We live better together. The name of the strategy "Growing impact" means that UNIQA wants to be relevant in the daily life of 17 million customers and turn further investments into greater customer satisfaction, growth and profit. These goals will be achieved through further digitization of offers and processes, new business models in the area of health and sustainability, as well as through more intensive, even more focused cooperation at the level of the entire Group.
