UNIQA’s net investment income falls by 31.2%

Written by Adam Cadle

19/08/2022

UNIQA’s net investment income fell by 31.2% to €211.2m in H1 2022 due to a €127m impairment of Russian bonds as well as additional impairments on the investment in RBI amounting to €28m.

According to the insurer's latest financial results, realised gains in equity and equity funds of around €63m, and realised gains from the sale of properties of around €36m, had a positive effect on net investment income in H1 2022.

UNIQA’s premiums written rose by 3.8% to €3,436m in H1 2022. P&C insurance grew by 4.4% to €1,960m in H1 2022 and in life insurance, premiums rose by 2.5% to €837.6m.
The Solvency II ratio as at 30 June 2022 was approximately 234% compared to 196% as at 31 December 2021.

UNIQA said it expects premium income to rise but added that it is “currently impossible to provide a solid assessment of capital market developments and thus a stable forecast regarding net investment income”. UNIQA therefore remains unable to make a profit forecast for the year as a whole.

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