APA ots news: FMA report on the 2nd quarter of 2021 for the Austrian insurance industry:
Premium volume continues to rise, significant increase in EGT.
Vienna (APA-ots) – The Austrian insurance companies have im
2nd quarter of 2021 their premium income compared to the 2nd quarter
2020 increased by + 3.82% to 4.78 billion. This increase is spread out
as follows to the individual insurance lines: property / casualty
+ 4.35% to 2.85 billion, life insurance + 2.69% to 1.31 billion
and health insurance + 3.84% to 624 million.
In the first half of the year, the premium volume rose to 10.63 billion, with the
Property and casualty insurance grew by + 3.07% to 6.64 billion,
health insurance increased by + 3.40% to 1.26 billion
Life insurance, on the other hand, rose by -1.56% to 2.73 billion
had booked. This is based on the
Financial Market Authority (FMA) published today report on the
2nd quarter 2021 of the Austrian insurance industry.
Significantly improved earnings situation
The financial result in the first half of 2020 was dominated by the
Capital market turbulence due to the exhaustion of the COVID-19 pandemic
confessed. This year it was again much more positive. That
Earnings from ordinary business activities (EGT) could be increased in the 1st
Half-year 2021 almost doubled compared to the same period in the previous year
will: from 684.7 million to 1,348 million, an increase of 663.3
Million or + 96.88%. This is mainly due to the + 113.16% or
971.9 million to 1,830.7 million improved financial result
traced back. The underwriting result was also included
+ 8.20% or + 35.2 million to 464 million significantly improved.
The sum of all assets at market values (excluding investments of the
unit-linked and index-linked life insurance) of
Insurance companies was at 116.1 billion at mid-year, down 7.4
Billion or 6.8% higher than a year earlier. At the end of 2020
These amounted to 114.4 billion, at the end of the first quarter 115.1 billion.
The hidden reserves of investments (excluding fund and
index-linked life insurance), on the other hand, increased at the end of the 2nd
Quarter, compared to the 1st quarter 2021, slightly by -0.14%
to 23.96 billion. The reserve quota was thus at the end of
Reporting period 25.46%; a year earlier it was 24.54%.
Insurance industry in a very stable position
The solvency level of the Austrian
Insurance company got back up by mid-year
significantly improved: two thirds of the companies had one
SCR solvency ratio of over 200%, i.e. double that
high equity capital than required. It was just a year ago
around half of the companies. The mean value (median) was
on June 31, 2021 at 221%, a year earlier it was 199.29%.
You can find the entire quarterly report online on the FMA website
Financial market supervision
Klaus Grubelnik (FMA media spokesman)
+ 43 / (0) 1 / 24959-6006 or + 43 / (0) 676/882 49 516
Digital press kit: http://www.ots.at/pressemappe/694/aom
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