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Austrian insurers’ volume of premiums written rises; total asset value hits €106.71bn

Written by Adam Cadle
14/06/2024

Austrian insurers increased their volume of premiums written by €436.9m to €6.96bn in Q1 2024 compared to Q1 2023, and the total of all assets at market value was €106.71bn as of 31 March 2024, an increase of €1.78bn from the comparable figure a year earlier.

The Austrian Financial Market Authority (FMA) said the premium volume of P&C insurance increased by 7.39% to €4.79bn, life insurance increased by 1.73% to €1.39bn and health insurance rose by 11.88% to €787m.

The capital base of insurance companies also remained healthy with 87.5% of companies having a solvency ratio (SCR) of over 200%. The median value is currently 251.74%.

The FMA said the hidden reserves of capital investments (excluding those of unit-and index-linked life insurance) fell slightly compared to the previous quarter, by -0.75% to €13.03bn. However, they were significantly higher than the €11.76bn a year earlier.


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