20.09.2019 | 1 Document

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

Research Update UNIQA
Research Update UNIQA

S&P Research Update UNIQA, 19.09.2019

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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.

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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.

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.
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UNIQA Group
The UNIQA Group is one of the leading insurance companies in its core markets of Austria and Central and Eastern Europe (CEE). More than 21,000 employees and exclusive sales partners serve more than 17 million customers across 17 countries. UNIQA is the second largest insurance group in Austria with a market share of about 21 per cent. In the CEE growth region, UNIQA is present in 14 markets: Albania, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Hungary, Kosovo, Montenegro, North Macedonia, Poland, Romania, Serbia, Slovakia and Ukraine. In addition, insurance companies in Switzerland and Liechtenstein are also part of the UNIQA Group.

 

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