Uniqa Insurance Group Ag · VIE:UQA
Uniqa Insurance — Shareholder Meeting (May 2021)
42 slides from Uniqa Insurance's shareholder meeting presentation, May 31, 2021
Slide 1: Seeding the Future
Seeding the FUTURE 22nd Annual General Meeting UNIQA Insurance Group AG Vienna, 31 May 2021
Slide 2: Agenda
AGENDA 1. Presentation of the approved Non-consolidated Annual Financial Statements and the Consolidated Annual Financial Statements of UNIQA Insurance Group AG for the year ended 31 December 2020, the Management Report and the Group Management Report, the consolidated Corporate Governance Report an
Slide 3: Virtual Annual General Meeting 2021 - Questions
©. UNIGA Virtual Annual General Meeting 2021 Please send your questions by e-mail to fragen.uniqa@hauptversammlung.at
Slide 4: Virtual Annual General Meeting 2021 - Motions and votes
©. UNIGA Virtual Annual General Meeting 2021 Please direct your motions, cast votes and challenge a resolution to your authorized shareholder representatives to the following email addresses: beckermann.uniqa@hauptversammlung.at nauer.uniqa@hauptversammlung.at oberhammer.uniqa@hauptversammlung.at wi
Slide 5: Item 1 of the Agenda
ITEM 1 OF THE AGENDA Presentation of the approved Non-consolidated Annual Financial Statements and the Consolidated Annual Financial Statements of UNIQA Insurance Group AG for the year ended 31 December 2020, the Management Report and the Group Management Report, the consolidated Corporate Governanc
Slide 6: Report of the Chief Executive Officer
Seeding the FUTURE Report of the Chief Executive Officer 22nd General Meeting of UNIQA Insurance Group AG Vienna, 31st May 2021
Slide 7: Agenda
Agenda The financial year 2020 | The successful conclusion of UNIQA 2.0 UNIQA 3.0 – Seeding the Future | Our strategy program 2021 to 2025 The first quarter of 2021 | Strong performance 7
Slide 8: We thank
WE thank … ... our loyal customers who rely on us and go their way with us. … our dedicated employees for their commitment and tireless efforts in this difficult year. ... our shareholders, who trust us and believe in our prosperous future. 8
Slide 9: Agenda
Agenda The financial year 2020 | The successful conclusion of UNIQA 2.0 UNIQA 3.0 – Seeding the Future | Our strategy program 2021 to 2025 The first quarter of 2021 | Strong performance 9
Slide 10: UNIQA 2.0 (2011 – 2020) positive conclusion
THE FINANCIAL YEAR 2020 incl. AXA CEE1 Focus on Customer 4 Key Programs Solide Attractive core business growth capital Results ~ ~ Primary insurer in 2 core Ensure customer Austria: Profitability Strengthen simple Rising earnings and markets AT & CEE relevance Bank: Productivity structure and capita
Slide 11: Earnings before taxes
THE FINANCIAL YEAR 2020 EARNINGS before taxes UNIQA Group (incl. AXA), figures in m EUR 295 296* 301 265 226 Extraordinary effects 244 Impairments 106 m EUR Restructuring AT 099 m EUR AXA Integration 039 m EUR 57 2016 2017 2018 2019* 2020 * Before goodwill impairment adjustments in Romania and Bulga
Slide 12: Financial year 2020 key figures
THE FINANCIAL YEAR 2020 Growth written premium Cost ratio Combined ratio 5,565 m EUR 29.4% 97.8% (2019: +3.6%) (2019: 27.2%) (2019: 96.4%) Investment income Earnings before taxes 505 m EUR 57 m EUR Outlook 2021 (2019: -13.6%) (2019: -76.3%*) * Including retroactive goodwill amortization of 54.6 m EU
Slide 13: Value-based management
THE FINANCIAL YEAR 2020 Solvency Standard & Unrestricted Value-based Capital Ratio Poor’s rating Tier 1 Capital management 170% A- 74% Life & Health New Business New Business MCEV* Value Margin € 3,419 m EUR € 111 m EUR 3.6% *incl. Pension Fund 13
Slide 14: AXA Integration
THE FINANCIAL YEAR 2020 02/2020 Signing 10/2020 Closing AXA Integration 12/2020 Initial consolidation Poland, Czech Republic, Slovakia ~ 5 million new customers in CEE > 2,000 new employees > 800 m EUR turnover Focus on know-how and synergies Q2-Q3/2021 legal migration of the acquire
Slide 15: Agenda
Agenda The financial year 2020 | The successful conclusion of UNIQA 2.0 UNIQA 3.0 – Seeding the Future | Our strategy program 2021 to 2025 The first quarter of 2021 | Strong performance 15
Slide 16: UNIQA today
UNIQA 3.0 – SEEDING THE FUTURE UNIQA today 3.6 m customers Austria 8.2 m customers Central Europe 2.1 m customers Southeaster Europe 0.8 m customers Eastern Europe 0.4 m customers Russia 16
Slide 17: Our world view
UNIQA 3.0 – SEEDING THE FUTURE OUR world view Megatrends that change our world fundamentally LOW INTEREST RATES AND THE DEMOGRAPHIC SHIFT OF ECONOMIC POWER AND SOCIAL CHANGE In addition to the constantly low level of interest rates, one of the People in Europe are getting older, having fewer childre
Slide 18: Where we want to go
UNIQA 3.0 – SEEDING THE FUTURE Where WE want to go Our mission Ambidexterity As an Inspiring Coach, we are a Exploitation (optimization) Exploration (new exploration) supportive companion in the lives of our We specifically promote We optimize and improve our clients. existing business by focusing i
Slide 19: How we achieve it
UNIQA 3.0 – SEEDING THE FUTURE How WE achieve it OUR goals OUR critical initiatives A Two established core markets Retail Outstanding Corporate & Affinity Bank Market expansion customer journey & Innovative services & and digitization B Improvement of the core business simple products distribution c
Slide 20: Austria and CEE
UNIQA 3.0 – SEEDING THE FUTURE Figures rounded Austria CEE1 GWP 2019, m EUR Σ 3,800 Σ 2,400 Bank AXA CEE Corporate Retail P&C Life Health P&C Life Health Profit2 Property/Casualty: Continuous growth with healthy COR in Austria and strong trajectory in CEE Life: Strong profits in CEE; in AT further p
Slide 21: Austria – investment and cost reduction
UNIQA 3.0 – SEEDING THE FUTURE AUSTRIA – Investment and cost reduction Internal cost perspective in m EUR Investment in IT and digitalization 675 ~ 50 m EUR investment in IT security, UNIQA ~25 Insurance Platform (UIP), UNIQA Customer ~20 Platform (UCP) 600 ~30 ~125 Cost reduction at the Austrian si
Slide 22: International – top insurer in CEE
UNIQA 3.0 – SEEDING THE FUTURE International – Top 5 insurer in CEE Top five in CEE Fifth largest insurer in CEE due to 4.8 m Gross written premium in CEE 2019 additional customers in m EUR Optimization of cost structure UNIQA 5,343 5,256 AXA CEE Increased cost efficiency and economies of scale thro
Slide 23: New business fields – SanusX & Cherrisk
UNIQA 3.0 – SEEDING THE FUTURE New business fields - SanusX & Cherrisk Building a CHERRISK ecosystem UNIQA's digital insurance - launched in Hungary in Start in Hungary and expansion to Germany 2018, expansion to Germany since 2020. Offer: travel, household and accident insurances When successful fu
Slide 24: Fulfilling our social responsibility
UNIQA 3.0 – SEEDING THE FUTURE Fulfilling OUR social responsibility Sustainability Health and Covid-19 Asset Management Austria-wide information campaign on vaccination Climate neutrality by 2040 Post-COVID-19 Check Sustainability in product development Public test lane @ UNIQA Tower Consi
Slide 25: Target setting until 2025
UNIQA 3.0 – SEEDING THE FUTURE Target setting until 2025 UNIQA 3.0 financial performance indicators CUSTOMER GWP EUR >7 bn OPERATIONS Cost ratio COR P&C Customer ~25% ~93% First Return on Equity Solvency II FINANCE >9% >170% UNIQA. Living better together. Payout ratio Leverage 50-60% <35% 25
Slide 26: Agenda
Agenda The financial year 2020 | The successful conclusion of UNIQA 2.0 UNIQA 3.0 – Seeding the Future | Our strategy program 2021 to 2025 The first quarter of 2021 | Strong performance 26
Slide 27: The first quarter of 2021
THE FIRST QUARTER OF 2021 Gross written premium Cost ratio Combined ratio 1,783 m EUR 27.2% 90.9% (Q1/2020: +13%) (Q1/2020: 28.4%) (Q1/2020: 97.8%) Investment income Earnings before taxes 150 m EUR 112 m EUR Outlook 2021 (Q1/2020: +67.4%) (Q1/2020: -14 m EUR) 27
Slide 28: Strongest insurance brand in Austria
The first quarter of 2021 Our Brand promise The strongest insurance brand in Austria Continued high brand awareness and long-standing customer relationships with low cancellation rate; confirmation of a milestone on the way to becoming the "When you think of insurance leading service provider 76%
Slide 29: Our employees
The first quarter of 2021 Our employees Kununu Score "Your employer in crisis". Wide range of support services such as telemedicine and Post-COVID-19 checks 4,5 / 5 Ongoing employee satisfaction surveys (pulse checks) UNIQA honored as a leading employer Broad online offering of learning, training
Slide 30: The decision for UNIQA is the decision for a better life
The decision for UNIQA is the decision for a better life. UNIQA. Living better together. 30
Slide 31: Item 2 of the Agenda
ITEM 2 OF THE AGENDA Resolution on the distribution of the net profit reported in the financial statements of the Company for the year ended 31 December 2020. 31
Slide 32: Item 2: Resolutions proposed on profit distribution
ITEM 2 OF THE AGENDA Resolutions Proposed by the Management Board and the Supervisory Board "The net profit for the financial year 2020 in the amount of EUR 55,722,592.34 shall be appropriated as follows: Distribution of a dividend of EUR 0.18 for each no-par-value share carrying dividend rights (30
Slide 33: Item 3 of the Agenda
ITEM 3 OF THE AGENDA Resolution on the approval of the actions of the members of the Management Board and the members of the Supervisory Board for the fiscal year 2020. 33
Slide 34: Item 3: Resolutions on approval of actions
ITEM 3 OF THE AGENDA Resolutions proposed by the Management Board and the Supervisory Board ”The actions of the members of the Management Board and the members of the Supervisory Board of the Company (in the fiscal year 2020) shall be approved for the fiscal year 2020 in separate votes." 34
Slide 35: Item 4 of the Agenda
ITEM 4 OF THE AGENDA Election of the auditor of the Non-consolidated and Consolidated Financial Statements for the fiscal year 2022. 35
Slide 36: Item 4: Auditor election resolution
ITEM 4 OF THE AGENDA Resolution proposed by the Supervisory Board „PwC Wirtschaftsprüfung GmbH shall be elected auditor of the Non-consolidated and Consolidated Financial Statements for the year ending 31 December 2022.“ 36
Slide 37: Item 5 of the Agenda
ITEM 5 OF THE AGENDA Resolution on the Remuneration Report indicating the remuneration of the Management Board and the Supervisory Board for the fiscal year 2020. 37
Slide 38: Item 5: Remuneration Report resolution
ITEM 5 OF THE AGENDA Resolutions proposed by the Management Board and the Supervisory Board „The Remuneration Report indicating the remuneration of the Managing Board and the Supervisory Board for the fiscal year 2020, as attached to this proposed resolution as Enclosure 1 (available on the website
Slide 39: Item 6 of the Agenda
ITEM 6 OF THE AGENDA Resolution on the daily allowances and the remuneration of the members of the Supervisory Board. 39
Slide 40: Item 6: Supervisory Board remuneration resolution
ITEM 6 OF THE AGENDA Resolutions proposed by the Management Board and the Supervisory Board „The remuneration of the members of the Supervisory Board shall amount to a total of EUR 790,000.00 for the fiscal year 2020. The distribution among the individual members of the Supervisory Board is subject
Slide 41: General Debate
22nd Annual General Meeting UNIQA Insurance Group AG GENERAL DEBATE
Slide 42: Thank you very much for your participation
22nd Annual General Meeting UNIQA Insurance Group AG THANK YOU VERY MUCH FOR YOUR PARTICIPATION!
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