During Q4 2014 Austria’s insurance undertakings recorded a premium volume of € 3.98 billion, which represents an increase of 4.7% over the same quarter of the previous year. The premium volume amounted to €17.08 billion overall in 2014, which represents an increase of 2.82% on 2013. These figures were disclosed in the Report on Q4 Performance of the Austrian Insurance Sector, published today by the Financial Market Authority (FMA).
In terms of the different insurance sectors, increases in premiums were seen in Q4 2014 in the non-life/accident insurance sector (+4.26% to € 1.78 billion), in the life assurance sector (+5.61% to € 1.73 billion) and the health insurance sector (+3.47% to € 470 million).
Premium volume also rose in the different insurance sectors overall in 2014: non-life/accident insurance was up by 1.99% to € 8.53 billion, life assurance by 3.79% to 6.66 billion and health insurance by 3.23 % to € 1.88 billion.
In the 2014 reporting year the technical account balance in the Austrian insurance market fell by 19.3%, which is primarily due to the claims incurred in the life assurance sector. The financial result dropped year on year by 3.87% and the result from ordinary activities decreased by 5.9% to € 1.42 billion.
The total carrying amount of all assets (assets excluding deposits retained, investments in the area of unit-linked and index-linked life assurance, pro rata interest) increased to € 107.44 billion as at the end of 2014 (+0.10%).
The core share ratio (listed shares, share-based investment funds, share risk in mixed funds) rose in Q4 2014, climbing to 3.69% from the previous quarter’s value of 3.55%. The extended share ratio, i.e. with the addition of unlisted shares (including holdings), structured debt securities without capital guarantee and loans without capital guarantee, fell slightly from 17.33% in the third to 17.29% in the fourth quarter of 2014.
The full Quarterly Report can be found (in German) on the FMA website at https://www.fma.gv.at/versicherungen/offenlegung/quartalsberichte/
Journalists may address further enquiries to:
Klaus Grubelnik (FMA Media Spokesperson)
+43/(0)1/24959-6006
+43/(0)676/882 49 516