Uniqa Insurance Group Ag · VIE:UQA
Uniqa Insurance — Investor Day (November 2025)
40 slides from Uniqa Insurance's investor day presentation, Nov 24, 2025
Slide 1: Growing Impact 2025-2028 Ahead of Plan
Growing Impact 2025-2028 Ahead of Plan Capital Markets Update Vienna - November 24, 2025 London - November 26, 2025
Slide 2: Agenda
Agenda Presenter Topic Time Andreas Brandstetter Group Strategy 16:30 - 16:50 Kurt Svoboda Finance & Risk Wolfgang Kindl Customer & Market International Kurt Svoboda Customer & Market Austria 16:50 - 17:20 René Knapp Deep-dives: Life & Health Insurance Andreas Brandstetter Summary 17:20 - 17:25 Q&A
Slide 3: living better together
living better together Andreas Brandstetter, CEO
Slide 4: A leading insurer in Austria & CEE
A leading insurer in Austria & CEE UNIQA position on the local markets (GWP) EUR 7.8b (2024) | > EUR 8.3b (2025e) premiums EUR 442m (2024) | EUR 490-510m (2025e) earnings before taxes PL 6 UA 5 14 countries(a) CZ 5 SK 4 AT 2 HU FL 5 >17m customers(a) CH (c) RO (b) 7 HR 6 RS BA 7 6 BG ~14,400 employe
Slide 5: Highly diversified in attractive growth markets
Highly diversified in attractive growth markets Highlights GWP by region and products (b) (c) (d) CEE 41% Life 21% EUR 3.2b EUR 1.6b Austria 59% No 2 in Austria P&C 60% ~153m inhabitants(a) EUR 7.7b EUR 4.5b EUR 7.8b Top 5 in CEE (e) EUR 4.7b Health 19% EUR 1.5b GWP by product by region (b) (c) (d)
Slide 6: Strong implementation enables 2025 outperformance
Strong implementation enables 2025 outperformance Target 2025-2028 9M UNIQA 3.0 Growing Impact (CMD December 2024) 2025 Economic Growth Premium CAGR ~5% 9.2% Success Admin cost ratio <15% 14.5% Combined ratio (net) <94% 91.0% Profitability ROE >12% 14.5% Economic Success CSM sustainability ratio ~90
Slide 7: Faster execution of strategic initiatives drives target upgrades
Faster execution of strategic initiatives drives target upgrades Targets Including Upgrades for 2026-2028(a) Why we upgrade our 2026-2028 Targets UNIQA Investment Case Diversified revenue & Group profit streams ~ 5% upgrade to ~ 6% Growth • Faster execution of existing initiatives Premium CAGR • Con
Slide 8: Growing Impact: Ahead of Plan
Growing Impact: Ahead of Plan Highly diversified dividend stock offering 6% CAGR in premium, >7% EPS CAGR (2026-2028), and progressive DPS Austria CEE 1 Resilient backbone, improving profitability 2 Accelerating profitable growth Mature and stable insurance market Top 5 in the world’s fasted gro
Slide 9: Active Finance and Risk Management
Active Finance and Risk Management Kurt Svoboda, CFRO
Slide 10: Strong start to Growing Impact supports upgrades 2026-2028
Strong start to Growing Impact supports upgrades 2026-2028 EBT outlook for 2025 in the upper part of EUR 490m-510m range puts mid-term trajectory ahead of original plan 9M 2025 Targets Including Upgrades for 2026-2028(a) Key Drivers for Upgrades Growth 9.2% ~ 5% upgrade to ~ 6% Premium CAGR • P&C: a
Slide 11: P&C: Core driver with superior growth & high profitability
P&C: Core driver with superior growth & high profitability Building a consistent, high quality top line and earnings stream GWP Evolution in EUR b Attritional Loss Ratio (gross)(a) • Continued strong growth on CAGR Group level (~7% CAGR), with ~7% UNIQA International growing 63.1% CAGR ~10% 62.2% fa
Slide 12: Health: Higher growth & accelerating profit contribution
Health: Higher growth & accelerating profit contribution • GWP Growth >7% CAGR (2026-2028) • EBT growth driven by targeted • Technical Profitability >10% p.a. (2026-2028) growth strategy at stable profit margins in Austria and evolving • Group EBT Contribution 5% in 2025 to above 10% in 2028 contrib
Slide 13: Upside in non-life Net Financial Result
Upside in non-life Net Financial Result Ordinary income in P&C is the most stable component of Net Investment Income and flows directly into the Net Financial Result Balance Sheet Contractual Service Margin • Ordinary income in P&C to average Life Life: release ~8 years EUR >260m p.a. 2026-2028 Heal
Slide 14: High solvency and robust capital structure
High solvency and robust capital structure SCR Ratio(a) target range SCR Ratio Framework SCR Ratio 9M 2025: 283% 180-230% EUR m 7,392 0.2% Tier 3 Introduction of full internal model in 8.9% Tier 2 Potential M&A 2027 to reduce dependency on 230% regulatory changes and support Macro Optimal range Unce
Slide 15: Continued commitment to returning cash
Continued commitment to returning cash Cash to Group, EUR m Growing Dividend, EUR m +180 to +200 to 290 320 • Growing cash remittances to the ~1,100 +210 to +170 to 270 Group will be almost entirely 230 passed on to investors in the ~570 form of dividends • Contribution to Cash to Group 2021-2024 ac
Slide 16: UNIQA International: Profitable Growth
UNIQA International: Profitable Growth Wolfgang Kindl, Board Member Customer and Market International
Slide 17: UNIQA International at a glance
UNIQA International at a glance 2024 9M 2025 Key takeaways Region/Country % of EBT (a) 15.4m 10.1% 86.2% Poland Customers(a,b) CoR P&C 3% • Sustained double digit GWP growth (a) 6% Gross(c) Czechia/ premium growth since 1.0m 17% 2023 Customer EUR 3.2b 38% Slovakia GWP SEE feedbacks (2024)(a) • Robus
Slide 18: P&C: Sustained profitable growth
P&C: Sustained profitable growth GWP P&C evolution in EUR b Key takeaways +14.6% ~3.0 +5.1% +17.0% +10.5% • Growth surges following +35.7% 2.3 2.0 (b) successful post merger +10.7% 1.7 1.8 1.6 integration (Poland & 1.1 1.2 Czechia/Slovakia) – continuously double digit starting in 2023 2019 2020 2021
Slide 19: CEE: at the forefront of global insurance growth
CEE: at the forefront of global insurance growth World’s fastest growing insurance regions UNIQA in the Top 5 in CEE Poland: Europe’s Economic Tiger GWP in EUR b GWP Market Growth 2024-2028 CAGR% Market share • Polish Real GDP Per Capita 5.5% 2022 38.89 2.47 6.4% grew 18% between 2019 and 2024, comp
Slide 20: Scaling Central & Eastern Europe
Scaling Central & Eastern Europe Strong focus on our Core Markets Comprehensive Customer Approach 6% Distribution Mix(a) 7% Tied CAGR Broker Retail 43% Direct 2022-2024: Others 44% 14.0% EUR 1.5b GWP EUR 3.4b GWP 8% Customer Mix(a) Technical Excellence in Poland 20% Micro CAGR • Performance fuelled
Slide 21: CEE: Our competitive edge
CEE: Our competitive edge Illustrated by… Unified brand – distinct regional edge Harmonized brand presence reinforces trust and amplifies impact across • >80% of UNIQA’s customers are in CEE diverse CEE geographies. • 3 consecutive years of above market, double digit growth position us as a Top 5 CE
Slide 22: On track for sustainable success – 2028 targets
On track for sustainable success – 2028 targets GWP Growth ~8% CAGR(a) or 1/3 above market • Ambition to grow 1/3 above the market throughout the cycle, current CEE market CAGR estimated at 6% P&C • CoR target allows for CoR Gross <86% investments in local initiatives, enabling successful use-cases
Slide 23: UNIQA Austria: Portfolio Optimisation
UNIQA Austria: Portfolio Optimisation Kurt Svoboda, CFRO
Slide 24: UNIQA Austria at a glance
UNIQA Austria at a glance 2024 9M 2025 Key takeaways Premium per LoB % of Total 5.0% 90.5% • Ongoing optimisation 3.8m Customers(a) GWP growth CoR P&C of P&C fundamentals Gross(b) Life 19% 260,000 EUR 4.5b • Market Leading Customer GWP P&C position in Health feedbacks (2024) EUR 31% 51% 20.9% • Stro
Slide 25: Baseline improvement: GWP growth target upgrade from 3% to 4% CAGR
Baseline improvement: GWP growth target upgrade from 3% to 4% CAGR (2026-2028) Total P&C Health Life EUR m +5.3% +5.0% +6.0% +2.3% 3,618 1,840 1,108 670 1,747 655 1,045 3,447 9M 2024 9M 2025 9M 2024 9M 2025 9M 2024 9M 2025 Combined Ratio gross: CSM New Business CSM New Business 90.5% Margin: 9.1% Ma
Slide 26: P&C: IT enabled pricing excellence to enhance customer profitability
P&C: IT enabled pricing excellence to enhance customer profitability and risk selection Combined Ratio gross IT & Pricing Excellence as enabler -2.0% 92.9% <91% Strong improvement of time to market due to new 1 IT Core-System State of the art pricing software enhance pricing 2 capabilities Targeted
Slide 27: Deep Dive P&C Corporate: Large Corporate de-risking on track
Deep Dive P&C Corporate: Large Corporate de-risking and profitability improvement on track Total Premiums P&C Attritional Loss Ratio (gross)(a) • Restructuring of corporate liability and transport EUR Large Rest 88% 2.2b 12% Corporate ~8pp • Material premium increase during renewal • Disposal of unp
Slide 28: Austria: Further Optimisation Potential
Austria: Further Optimisation Potential Strong position in attractive business lines Austria as UNIQA backbone, market leading position in Health and P&C Strong sales power with uplift in growth expectation Uniquely positioned and growing in loyal and profitable tied agent network #1 in most Austria
Slide 29: Target upgrades reflected in Austrian core market
Target upgrades reflected in Austrian core market GWP • P&C and Health drive GWP Growth ~4% CAGR(a) (outpacing GDP growth) growth • Improved pricing capabilities, targeted SME growth and P&C corporate restructuring leads to CoR Gross <91% improvement in Combined Ratio • Admin Cost Ratio reduction su
Slide 30: Life & Health: Enhancing Profit Contribution
Life & Health: Enhancing Profit Contribution René Knapp Board Member Asset Management, Personal Lines, People & Brand
Slide 31: Life & Health: ~48% contribution to UNIQA earnings
Life & Health: ~48% contribution to UNIQA earnings Gross written premium 9M 2025 Earnings before tax 9M 2025(a) Life Insurance 21% EUR EUR 39% Life Insurance(b) 6.1b P&C 52% 423m P&C 59% 20% Health 9% Health Life & Health contribute ~41% of UNIQA premiums, ~48% of EBT(b) and EUR 5.8b CSM reflecting
Slide 32: #1 Health insurer in Austria, high penetration potential
#1 Health insurer in Austria, high penetration potential Austria’s health insurance market Compelling growth opportunity in unmet private health expenditures Private health expenditures AT(a) Paid benefits of private health insurance(b) (in EUR m, %) Austria’s public health system covers basic 12,47
Slide 33: Health AT: Strong new business growth & sustainable margins
Health AT: Strong new business growth & sustainable margins In-force New Business Gross written premium Contractual Service Margin Present Value of Expected Profitability Measures (EUR m) (EUR m) Premiums (EUR m) CAGR ~+7% vs. 2025e CSM Release +18% ~1,800 +6% +15% +25% 9M 2024 9M 2025 2028 1,033 87
Slide 34: Health AT: Four fields of action to achieve growth ambition
Health AT: Four fields of action to achieve growth ambition Product development Preferred Access to care Provider Organisation • Market Intelligence established • Expansion of access to high-quality private hospitals (>30% market share) • New modular (online) outpatient products launched in Septembe
Slide 35: Life In-force: Profitable protection growth in international vs. Austria
Life In-force: Profitable protection growth in international vs. portfolio optimisation in Austria In-force International main countries: In-force Austria Gross written premium Contractual Service Margin Gross written premium Contractual Service Margin (EUR m) CAGR ~+8% (EUR m) (EUR m) CAGR ~-2% (EU
Slide 36: Life New Business: Stable base for profitable growth in International
Life New Business: Stable base for profitable growth in International, ongoing repositioning in Austria New Business International main countries: New Business Austria PV Exp. Premiums Profitability Measures PV Exp. Premiums Profitability Measures (EUR m) (EUR m) 0% +18% 9M 2024 9M 2025 2028 9M 2024
Slide 37: Life & Health: strategic profit contributors
Life & Health: strategic profit contributors Group Target: ~6% Premium CAGR • Sustainable and profitable Life & Health(a) contribution: growth in Health Austria via Growth • Health Austria: CAGR ~7% to EUR ~1.8b higher market penetration of • Life International: CAGR ~8% to EUR >1.0b private health
Slide 38: Capital Markets Update 2025
Capital Markets Update 2025 Andreas Brandstetter, CEO
Slide 39: Growing Impact: Target Upgrades 2026-2028
Growing Impact: Target Upgrades 2026-2028 Strong strategy execution drives faster impact of initiatives Diversified revenue & profit streams Growth ~ 6% Premium CAGR Accelerated growth & profitability in CEE > 7% EPS CAGR Increased profitability & efficiency >13% Stable and sustainable ROE in Austri
Slide 40: living better together
Q UNIGA living better together