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Uniqa Insurance Group

An Austrian insurance group serving retail, corporate and institutional customers across Austria and Central and Eastern Europe.

Last updated October 16, 2026

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Overview

Uniqa Insurance Group AG, commonly styled UNIQA, is an Austrian insurance group headquartered in Vienna. Established in 1999, it developed from an Austrian insurance platform into a regional group with operations spanning Austria and a broad set of Central and Eastern European markets. The group is organized around Austrian operations, international subsidiaries and reinsurance activities, with the parent company also serving as the central reinsurer for the wider group. UNIQA's business covers the principal insurance categories used by households and companies: life insurance, health insurance and property-and-casualty insurance. Its offering includes protection against risks affecting individuals, families, businesses and public-sector or institutional customers. The group combines locally managed insurance companies with group-level governance, capital management, reinsurance and portfolio oversight. According to the referenced company description, the group has approximately 40 companies in 14 countries and serves about 17 million customers, although the exact figures may vary by reporting period. The company's international expansion began in 2000, soon after its establishment. Over subsequent years, UNIQA entered or acquired businesses in markets including Italy, Poland, Hungary, Liechtenstein, Slovakia, the Czech Republic, Romania, Slovenia, Bosnia and Herzegovina, Bulgaria, Ukraine, Serbia, North Macedonia, Kosovo, Albania, Montenegro, Croatia and other European countries. This expansion made Austria and Central and Eastern Europe the group's core geographic area, while also producing a diverse portfolio that required periodic restructuring and country-level portfolio management. A major strategic transition began in 2011, when a new management board led by Andreas Brandstetter took office and developed a new growth strategy. UNIQA subsequently sold selected holdings, reorganized its structure and pursued a large modernization and innovation program. In 2020, it agreed to acquire AXA's subsidiaries in Poland, the Czech Republic and Slovakia. According to the referenced material, the transaction was valued at approximately EUR 1 billion, received European Commission approval in July 2020 and closed in October 2020. It became the largest acquisition in UNIQA's history and significantly strengthened its position in three important Central European markets. Sustainability also became part of UNIQA's strategic positioning. In 2018, the group announced a gradual phase-out of carbon-related transactions, and in 2019, after deciding to remove investments related to the coal industry, it received an Austrian sustainability certificate. These steps linked the insurance business with investment policy and environmental commitments, while the company continued to operate as a commercial insurer. UNIQA is publicly listed in Vienna and was added to the Vienna Stock Exchange's ATX benchmark index in 2014. Its headquarters is the Uniqa Tower in Vienna's Leopoldstadt, a 75-metre office building completed in 2005. Beyond insurance, the group maintains sponsorship and cultural partnerships involving sports, museums, music festivals and youth programs. Its sponsorship portfolio includes Austrian football, winter sports, cycling and the Special Olympics World Winter Games. In November 2024, UNIQA announced plans to sell its 90 percent stake in SIGAL UNIQA Group Austria, which operates in Albania, Kosovo and North Macedonia, as part of country-portfolio management.

History

Uniqa Insurance Group was established in 1999 in Austria and began international expansion in 2000. Its expansion program used acquisitions and local operating companies to build a presence across Austria, Central Europe, Southeastern Europe and selected other European markets. The resulting group included insurance businesses in countries such as Italy, Poland, Hungary, Liechtenstein, Slovakia, the Czech Republic, Romania, Slovenia, Bosnia and Herzegovina, Bulgaria, Ukraine, Serbia, North Macedonia, Kosovo, Albania, Montenegro and Croatia, with additional operations or holdings in markets including Germany, Spain, Lithuania and Russia. The group's international structure made portfolio management and organizational integration central management issues. On 1 July 2011, a new management board headed by Andreas Brandstetter took office. The team introduced a new growth strategy and began implementing changes intended to improve the group's development and operating model. UNIQA subsequently adjusted its holdings, including the sale of its majority interest in German Mannheimer AG Holding in April 2012. In May 2013, UNIQA Austria was reported as Austria's largest insurer by market share, with approximately 14 percent. The company continued to reshape its regional portfolio. In October 2013, it signed an agreement with Baloise Group to acquire insurance companies in Croatia and Serbia. In March 2014, UNIQA Insurance Group AG entered the Vienna Stock Exchange's ATX benchmark index. In July 2015, it resolved the sale of its indirect interest in Casinos Austria AG. In January 2016, it announced an investment and innovation program of approximately 500 million euros, presented as the largest such program in its history. A reorganization of the group structure was completed in October 2016. Leadership and governance were also adjusted. Kurt Svoboda became chief executive officer of Uniqa Österreich Versicherungen AG in December 2017. In 2018, UNIQA became the first Austrian insurance group to announce a gradual phase-out of carbon-based transactions. The following year, it received an OGUT sustainability certificate after adopting a policy to remove coal-industry-related investments. In November 2019, the company decided to reduce the combined number of management-board members at its three major Austrian companies from 11 to 9. The most consequential expansion in the later period was the acquisition of AXA subsidiaries in Poland, the Czech Republic and Slovakia. UNIQA announced the agreement in February 2020. European Commission approval followed in July, and completion occurred in October. The transaction was described as the largest acquisition in UNIQA's history and strengthened the group's presence in three core Central European markets. UNIQA's headquarters is the Uniqa Tower in Vienna. Designed by Heinz Neumann and completed in 2005, the 75-metre building became the group's principal corporate landmark. The group has also used sponsorships and cultural partnerships to build visibility in Austria, supporting football, winter sports, cycling, museums, music festivals and youth programs. In November 2024, UNIQA decided to sell its 90 percent stake in SIGAL UNIQA Group Austria, which operates in Albania, Kosovo and North Macedonia. The decision formed part of a stated country-portfolio management process and illustrates the continuing adjustment of the group's international footprint.

  • 2024

    SIGAL UNIQA stake sale decided

    [1]

    UNIQA decides to sell its 90 percent holding in SIGAL UNIQA Group Austria as part of country-portfolio management.

  • 2020

    AXA Central European acquisition completed

    [1]

    UNIQA completes its acquisition of AXA subsidiaries in Poland, the Czech Republic and Slovakia.

  • 2018

    Carbon-related transaction phase-out announced

    [1]

    UNIQA announces a gradual elimination of carbon-based transactions.

  • 2016

    Investment and innovation program announced

    [1]

    UNIQA announces an investment and innovation program with an approximate scale of 500 million euros.

  • 2014

    Added to the ATX index

    [1]

    Uniqa Insurance Group AG is included in the Vienna Stock Exchange's ATX benchmark index.

  • 2013

    UNIQA Austria reaches leading domestic position

    [1]

    UNIQA Austria is reported as Austria's largest insurer, with approximately 14 percent market share.

  • 2011

    New management team takes office

    [1]

    A management board led by Andreas Brandstetter assumes responsibility and develops a new growth strategy.

  • 2005

    Uniqa Tower is completed

    [1]

    The group's 75-metre headquarters building in Vienna is completed.

  • 2000

    International expansion begins

    [1]

    UNIQA begins expanding outside Austria through acquisitions and the development of international insurance operations.

  • 1999

    Uniqa Insurance Group is established

    [1]

    The Austrian insurance group is established and becomes the parent company of the Uniqa Group.

Products and positioning

A Vienna-based, multi-line insurance group positioned around strong Austrian operations and broad Central and Eastern European coverage.

  • Personal insurance

    Life insurance

    UNIQA's life-insurance business provides protection and long-term financial planning products for individuals and households. The category may include risk protection, savings-oriented contracts and retirement-related solutions, although the exact product range differs by national subsidiary and reporting market.

  • Personal insurance

    Health insurance

    Health insurance is one of UNIQA's principal business lines. Local companies offer products intended to supplement public healthcare systems and cover private medical treatment, hospital services or other health-related risks, with specific benefits determined by country and policy.

  • General insurance

    Property-and-casualty insurance

    The group provides general insurance for households, vehicles, property and businesses. This broad line protects customers against physical damage, liability and other everyday or commercial risks through locally distributed products.

  • Commercial insurance

    Corporate insurance

    UNIQA serves corporate and institutional customers with insurance arrangements covering business property, liability, employee-related needs and other commercial exposures. Solutions are delivered through national operating companies and supported by group expertise.

  • Risk transfer

    Reinsurance

    The parent group acts as the central reinsurer for UNIQA's wider organization. Reinsurance supports risk pooling, capital management and the distribution of insurance exposures among the group's national companies.

Marketing campaigns

  • 2017Special Olympics World Winter Games sponsorship

    Austria

    UNIQA served as the main sponsor of the Special Olympics World Winter Games, extending its sports-partnership platform beyond conventional professional competition. The sponsorship supported the event and reinforced UNIQA's association with inclusion, sport and social participation.

    Outcome. The sponsorship supported the event and reinforced UNIQA's association with inclusion, sport and social participation.

  • Austrian sports sponsorship program

    Austria

    UNIQA has sponsored the Austria national football team, the Austrian Federal Sports Organization, the Austrian Cup, the Uniqa Classic cycling event and First Vienna FC, as well as athletes including Matthias Mayer and Bernadette Schild. The program provides brand visibility through national sport and athlete partnerships.

    Outcome. The program provides brand visibility through national sport and athlete partnerships.

  • Arts and cultural partnerships

    Austria

    The group supports Austrian cultural institutions and programs, including the Albertina, the Kunsthistorisches Museum, the Vienna Technical Museum, the Grafenegg Festival and the Salzburg Festival's children and youth program. These partnerships connect the corporate brand with museums, music and cultural education.

    Outcome. These partnerships connect the corporate brand with museums, music and cultural education.

Brand decisions

  • 2024

    Decision to sell SIGAL UNIQA Group Austria stakeM&A

    Background

    UNIQA undertook country-portfolio management and reviewed its ownership in the Western Balkan markets.

    Action taken

    The group decided to sell its 90 percent stake in SIGAL UNIQA Group Austria, which operates in Albania, Kosovo and North Macedonia.

    Aftermath

    The decision indicates a planned adjustment of UNIQA's regional portfolio; the final completion status is not established by the supplied material.

  • 2020

    Acquisition of AXA subsidiaries in Poland, Czech Republic and SlovakiaM&A

    Background

    UNIQA sought to strengthen its position in three important Central European insurance markets.

    Action taken

    The group agreed to acquire AXA's subsidiaries in Poland, the Czech Republic and Slovakia. The transaction received European Commission approval in July 2020 and closed in October 2020.

    Aftermath

    The acquisition became the largest in UNIQA's history and materially expanded its Central European operations.

    Reported transaction value. Approximately EUR 1 billion (Agreement announced February 2020; completed October 2020)

  • 2018

    Gradual withdrawal from carbon-based transactionsStrategy

    Background

    UNIQA incorporated environmental considerations into its insurance and investment policy.

    Action taken

    The group announced the gradual elimination of carbon-based transactions.

    Aftermath

    In 2019, the company received an OGUT sustainability certificate after deciding to remove investments related to the coal industry.

  • 2016

    Large-scale investment and innovation programStrategy

    Background

    Management sought to modernize the group and support future growth through technology, operating improvements and innovation.

    Action taken

    UNIQA launched an investment and innovation program described as the largest in its history.

    Aftermath

    The program was accompanied by a reorganization of the group's structure completed later in 2016.

    Announced program size. Approximately EUR 500 million (Announced January 2016)

  • 2015

    Sale of indirect Casinos Austria interestM&A

    Background

    UNIQA continued reviewing non-core or indirect investments as part of its portfolio strategy.

    Action taken

    The company resolved the sale of its indirect interest in Casinos Austria AG.

    Aftermath

    The decision further focused the group on insurance and related financial activities.

  • 2013

    Agreement to acquire Baloise companies in Croatia and SerbiaM&A

    Background

    UNIQA continued building its Southeast European insurance presence through targeted acquisitions.

    Action taken

    The group signed an agreement with Baloise Group to acquire insurance companies in Croatia and Serbia.

    Aftermath

    The agreement expanded UNIQA's regional footprint in two Balkan markets.

  • 2012

    Sale of majority interest in Mannheimer AG HoldingM&A

    Background

    UNIQA reviewed its portfolio of international and associated holdings after the introduction of a new growth strategy.

    Action taken

    The group sold its majority interest in the German Mannheimer AG Holding.

    Aftermath

    The transaction reduced UNIQA's exposure to that German holding as the group concentrated on its core markets and strategic priorities.

Recent events

  • 2024

    UNIQA announces sale of its SIGAL UNIQA stake[1]

    M&A

    As part of country-portfolio management, UNIQA decided to sell its 90 percent stake in SIGAL UNIQA Group Austria, whose operations cover Albania, Kosovo and North Macedonia.

  • 2020

    UNIQA agrees to acquire AXA subsidiaries in three Central European markets[1]

    M&A

    UNIQA agreed to acquire AXA's businesses in Poland, the Czech Republic and Slovakia. The deal received European Commission approval in July and was completed in October.

  • 2016

    UNIQA begins a major investment and innovation program[1]

    Other

    The group launched an investment and innovation program described as the largest in its history, with an announced scale of approximately 500 million euros.

Sources3 sources

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