UNIQA Insurance Group AG · VIE:UQA
UNIQA Insurance — Investor Presentation (April 2023)
7 slides from UNIQA Insurance's investor presentation, Apr 13, 2023
Slide 1: Solvency Capital Report 2022
Solvency Capital Report 2022 UNIQA Insurance Group AG 13 April 2023
Slide 2: Executive Summary
EXECUTIVE SUMMARY Solvency Unrestricted Tier 1 Capital Capital Ratio1 ▪ Strong capital position further improved by the increasing interest rates in 2022 246% 82% ▪ Solvency ratio comfortably above the desired internal target of at least 170% Part of risk profile covered ▪ Quality of capital in own
Slide 3: Key Elements of our Risk Strategy
GROUP CAPITAL REQUIREMENT Key Elements of our Risk Strategy Goal is to have an SCR ratio above 170% Ambition 170% We focus on underwriting risks and take market/credit risks only to the extent necessary Action Take measures to reduce risk 135% Target market risk share of total SCR is below 65% Recov
Slide 4: SII Capital Position
GROUP CAPITAL REQUIREMENT SII Capital Position1 EUR mn By Risk Module By Segment By Region2 196% 246% 15 % 28 % 80 % Non-life Non-life AT 5.314 5.607 underwriting 6% WEM 48 % 7% 62 % 14 % Life CEE 2.714 Market risk Life underwriting 2.284 3% SEM 5% 4% EEM 4% Counterparty default 24 % Health SLT 2021
Slide 5: SCR development by Risk Module
GROUP CAPITAL REQUIREMENT SCR development by Risk Module 154 EUR mn 145 492 463 2.339 56 2.284 2.066 -980 220 SCR decreases by 430 EUR mn -330 ▪ Decrease of market risk driven by declined spread risk (mainly due to lower market values) ▪ Other risk modules show only minor changes without a significa
Slide 6: Own Funds Variation Analysis
GROUP CAPITAL REQUIREMENT Own Funds Variation Analysis ▪ Operating earnings driven by new business and in-force business ▪ Strong impact from market variance mainly as a result of an increased interest rate environment ▪ High quality of own funds with 82% thereof stemming from tier 1 capital 422 5.7
Slide 7: Impact of sensitivities on SII capital position
GROUP CAPITAL REQUIREMENT Impact of sensitivities on SII capital position ▪ Interest rate sensitivities: stress applied to liquid part of Base Value 246% the curve (negative and non-negative), extrapolation to Interest rates +50 bps 257% +11 pp UFR ▪ Equity sensitivity: a general decrease of 25% in
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