During Q4 2015 Austria’s insurance undertakings recorded a premium volume of € 3.93 billion, which represents a reduction of 1.18% over the same quarter of the previous year. In 2015 overall the premium volume amounted to € 17.34 billion, marking an increase of 1.55% on 2014. These figures were disclosed in the Report on Q4 2015 Performance of the Austrian Insurance Sector, published today by the Financial Market Authority (FMA).
In terms of the different insurance sectors, premiums dropped in Q4 2015 in the non-life/accident insurance sector (-0.07% to € 1.78 billion) and in the life insurance sector (-3.72% to € 1.66 billion) and rose in the health insurance sector (+3.96% to € 489 million).
When viewed overall, premium volumes increased in the individual insurance sectors in 2015: non-life/accident was up by 1.8% to € 8.69 billion, life by 0.48% to 6.7 billion and health by 4.20 % to € 1.96 billion.
The technical account balance in the Austrian insurance market decreased by 0.4% in 2015. The financial result increased slightly by 0.16% compared with the previous year, while the result from ordinary activities fell by 4.70% to € 1.35 billion during the same period.
The total carrying amount of all assets (assets excluding deposits retained, investments in the area of unit-linked and index-linked life insurance, pro rata interest) decreased slightly by 0.1% to € 107.93 billion as at the end of 2015.
The core share ratio (listed shares, equity funds, equity risk in mixed funds) rose in Q4 2015, climbing to 3.73% from the previous quarter’s value of 3.58%. 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, remained unchanged at 16.46%.
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