UNIQA Insurance Group UQA.VI
What does UNIQA Insurance Group do?
UNIQA is an insurance group headquartered in Vienna and one of the large providers in the Austrian market. The company offers life, health, and property and casualty insurance, including motor, household, liability, fire and transport cover. Its customers range from private individuals and small businesses to industrial companies. Reporting is divided into the segments UNIQA Austria, UNIQA International and Reinsurance.
Income comes from premiums and from investment returns, as premiums are invested until claims are paid. Distribution runs through the field sales force, general agencies, brokers, banks and direct channels. Besides its home market, UNIQA is active in several countries in Central and Eastern Europe, which gives it regional diversification. The group competes mainly with other large Austrian and international insurers. Its long brand history, broad distribution network and combination of life and non-life insurance are key positioning features.
Score profile
Rank vs. Insurance - Diversified (9 companies). 10 = top of the group, 5 = middle. Calculated from the metrics below, without AI.
Metrics compared with the industry
On profitability and quality, UNIQA Insurance Group ranks in the bottom fifth in the group Insurance - Diversified (1.9/10). On growth, the company ranks above average in the group Insurance - Diversified (6.9/10). On valuation (higher = cheaper), the stock ranks in the middle in the group Insurance - Diversified (4.6/10). On financial strength, UNIQA Insurance Group ranks below average in the group Insurance - Diversified (2.2/10).
| Metric | Stock | Group median | Ranking |
|---|---|---|---|
| Forward P/E | 11.1x | 11.0x | better than 44 % |
| Trailing P/E | 12.5x | 12.5x | better than 50 % |
| PEG ratio | 0.1x | 1.2x | better than 94 % |
| EV/EBITDA | 7.7x | 5.4x | better than 8 % |
| Price/sales | 0.7x | 1.5x | better than 83 % |
| Price/book | 1.7x | 1.7x | better than 44 % |
| Revenue growth | 12.1% | 11.2% | better than 67 % |
| Earnings growth | 20.9% | 16.1% | better than 72 % |
| Gross margin | 17.5% | 26.6% | better than 28 % |
| Operating margin | 1.4% | 13.7% | better than 6 % |
| Net margin | 5.7% | 11.8% | better than 6 % |
| Return on equity | 13.7% | 18.7% | better than 39 % |
| Debt/equity | 52.7% | 33.2% | better than 17 % |
| Free cash flow yield | -8.1% | 5.3% | better than 28 % |
| Dividend yield | 3.9% | 2.8% | – |
| Payout ratio | 49.3% | 35.7% | – |
| Beta | 0.54 | 0.47 | – |
Valuation: what is UNIQA Insurance Group worth?
Two valuation approaches – a discounted cash flow model and a valuation at the industry’s median multiples – give UNIQA Insurance Group a model range of 17.85 EUR to 18.13 EUR per share.
4 analysts, average rating “—”, average price target 18.07 EUR (−1.1%).
The full DCF matrix, the reverse DCF (what growth the price implies) and scenarios are part of the Pro analysis.
What the business depends on
- Premium volume in life, health and property/casualty determines the earnings base and depends on sales strength and customer retention.
- The combined ratio, meaning claims and costs relative to premiums, shapes the underwriting result.
- Investment income depends on the interest rate level and on developments in capital markets.
Risks
- Natural disasters and large losses such as storms or floods can significantly burden the claims result.
- Interest rate changes and capital market fluctuations affect investments and the ability to meet long-term guarantees in life insurance.
- Regulatory capital requirements as well as political and economic risks in the Eastern European markets can affect the business.
What to look for with UNIQA Insurance Group
The combined ratio shows whether the insurance business is profitable, because it sets claims and costs in relation to earned premiums.