UNIQA Insurance Group AG · VIE:UQA
UNIQA Insurance — Investor Presentation (April 2022)
7 slides from UNIQA Insurance's investor presentation, Apr 8, 2022
Slide 1: Solvency Capital Report 2021
UNIQA Insurance Group AG Solvency Capital Report 2021 8 April 2022
Slide 2: Executive Summary
EXECUTIVE SUMMARY Solvency Unrestricted Capital Ratio1 Tier 1 Capital ▪ Strong capital position driven by higher interest rate 196% 79% environment in 2021 ▪ Solvency position comfortably above the internal ambition target of minimum 170% ▪ Successful integration of exAXA business into partial Part
Slide 3: Key Elements of our Risk Strategy
GROUP CAPITAL REQUIREMENT Risk Strategy Key Elements of our Risk Ambition Strategy 170% ▪ Ambition is to have SCR ratio above 170% Action ▪ We focus on underwriting risks and take Take measures to market/credit risks only to the extent reduce risk necessary 135% ▪ Target market risk share of total S
Slide 4: Features of UNIQA's capital position
GROUP CAPITAL REQUIREMENT SII Capital Ratio SII capital position1 EUR mn By Risk Module By Segment By Region2 170% 196% Health underwriting SEM EEM Non-Life underwriting CEE 3% 5.314 13% Non-Life WEM 7% 3% 4.471 28% 5% 2% Life underwriting 13% 2.628 2.714 47% Life 4% Counterparty default 67% Market
Slide 5: Details on SII Capital Requirement
GROUP CAPITAL REQUIREMENT Details on SII Capital Requirement SCR development by risk module EUR mn 1.081 SCR increases by 87 EUR mn 136 127 480 ▪ Increase of market risk driven by equity risk (mainly 481 2.753 71 2.714 due to higher market values) 212 2.522 -994 ▪ Life underwriting risk decreases ma
Slide 6: Own Funds Variation Analysis
GROUP CAPITAL REQUIREMENT Own Funds Variation Analysis Own funds development ▪ Operating earnings driven by new business and in-force business EUR mn ▪ Strong impact from market variance mainly as a result of an increased interest rate environment ▪ “Other” position primarily comprises of an increas
Slide 7: Sensitivities
GROUP CAPITAL REQUIREMENT Sensitivities Impact of sensitivities on SII capital postion Percent Delta to base value, pp ▪ Interest rate sensitivities: stress applied to liquid part of Base value 196 the curve (negative and non-negative), extrapolation to UFR Interest rates +50 bps 218 +22 ▪ Equity se
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