APA ots news: FMA report for the 2nd quarter 2021 of the Austrian … | news

APA ots news: FMA report for the 2nd quarter 2021 of the Austrian … | news
APA ots news: FMA report for the 2nd quarter 2021 of the Austrian … | news

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




Inquiry note:

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



OTS0086 2021-09-15/11:02

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