20.09.2019

S&P: UNIQA shows strong capitalisation and solid competitiveness – rating affirmed

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  • Following latest changes in its rating methodology, Standard & Poor’s Global Ratings affirmed its 'A' long-term issuer credit and financial strength ratings on the core operating entities of UNIQA Group.
  • S&P also affirmed their 'A-' long-term issuer credit and financial strength ratings on UNIQA's operating holding company UNIQA Insurance Group AG.

Press release (1011 Characters)Plain text

Following latest changes in its rating methodology, Standard & Poor’s Global Ratings affirmed its 'A' long-term issuer credit and financial strength ratings on the core operating entities of UNIQA Group. S&P also affirmed their 'A-' long-term issuer credit and financial strength ratings on UNIQA's operating holding company UNIQA Insurance Group AG.

Outlook remains stable.

Report highlights:

  • UNIQA is maintaining its leading position in Austria's growing health insurance sector and its strong market position in the Austrian nonlife and life insurance sectors.
  • The insurer is also expanding its franchise in Central and Eastern Europe.
  • UNIQA´s capital adequacy is extremely strong under S&P risk-based capital model, exceeding AAA level.
  • The stable outlook reflects our expectation that UNIQA will preserve its extremely strong capital adequacy and maintain its solid competitiveness.
For the full S&P Research Update open this PDF.

UNIQA Group
The UNIQA Group is one of the leading insurance groups in its core markets of Austria and Central and Eastern Europe (CEE). Around 20,000 employees and exclusive sales partners serve over 10.1 million customers in 18 countries. UNIQA is the second-largest insurance group in Austria with a market share of more than 21 per cent. UNIQA operates in 15 markets in the CEE growth region: Albania, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Hungary, Kosovo, Macedonia, Montenegro, Poland, Romania, Russia, Serbia, Slovakia and Ukraine. The UNIQA Group also includes insurance companies in Switzerland and Liechtenstein.

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Contact

Bettina Wimmer 

Untere Donaustraße 21
1029 Wien
Tel: +43 1 211 75-3233
Mobil: +43 664 889 165 43
Fax: +43 1 211 75-3619
E-Mail: bettina.wimmer@uniqa.at

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Research Update UNIQA

S&P Research Update UNIQA, 19.09.2019

.pdf 112,2 KB