Investor Presentation Michael Oplustil, Head of Investor Relations - PowerPoint PPT Presentation

UNIQA Insurance Group AG Investor Presentation Michael Oplustil, Head of Investor Relations Madrid, 03.10.2018.

Key Financial Indicators Earnings per share (EUR) Regulatory and Economic Capital Position (%) SCR ECR 0.51 262% 250% 0.40 215% 215% 210% 202% 0.36 194% Sheet „Share Charts“ 182% 153% 150% 0.22 0.13 Shareholder‘s 6M14 6M15 6M16 6M17 6M18 FY14 FY15 FY16 FY17 June 18 Operating Return on Equity (%) Book value per share (EUR) 10.35 10.34 17.2% 10.20 15.6% 10.00 10.2% 10.0% 9.3% 9.74 FY14 FY15 FY16 FY17 6M18 FY14 FY15 FY16 FY17 June 18 UNIQA Investor Relations b) Operating ROE = (EBT excl. goodwill amortisation)/(own funds excl. revaluation reserve) 2

UNIQA at a glance UNIQA’s geographical footprint Key financials EURm 2016 (c) 2013 2014 2015 2017 Gross written premiums (a) 5,886 6,064 6,325 5,048 5,293 Premiums earned 5,641 5,839 6,102 4,443 4,628 (retained) (a) Earnings before taxes 308 378 423 225 242 Consolidated net profit 285 290 331 148 161 Combined ratio (net) (P&C) 99.8% 99.6% 97.8% 98.1% 97.5% Return on Equity 11.9% 9.9% 10.9% 4.7% 5.1% Diversification by regions and products (GWP (a)(b) FY17) UNIQA International Life 30% 31% 50% P&C 69% 20% Health UNIQA Austria (a) Including savings portion of premiums from unit- and index-linked life insurance, (b) Excluding consolidation and UNIQA Reinsurance, (c) UNIQA signed contract to sell Italian operations on Dec 2, therefore FY16 IFRS figures excluding Italy UNIQA Investor Relations 3

UNIQA‘s history UNIQA Investor Relations 4

UNIQA is very well positioned Strategic Market leading Growth Dividend Clearly defined bancassurance position in potential in capacity strategy partnership Austria CEE with Raiffeisen € UNIQA Investor Relations 5

Market leading position in Austria Austria GWP (b) by distribution channel Market shares in Austria (a) Bank P&C 17.2% 2 20% Direct and others 6% Own employees 49% and exclusive agencies Health 46.1% 1 25% Brokers and multi agencies Life 18.2% 2 Own sales force ~1.600 Overall 21.4% Exclusive agents ~ 880 2  Relatively concentrated insurance market; Top 4 players with almost 70% market share overall; Stable market structure  Positive long-term growth trend for Health; Growing demand for private health care insurance  Strong macroeconomic fundaments; High GDP per capita; Solid public finance Source: Austrian Insurance Association – based on GWP b) FY 2017 GWP including savings portion from unit- and index-linked life UNIQA Investor Relations (a) 6 insurance, excluding single premiums

Strategic partnership with Raiffeisen banking group in AT & CEE Business model based on products tailored to banking requirements, excellent process quality and high level sales support including sustainable incentive schemes, sales support/training and POS-tools Austria  Distribution via local Raiffeisen banks through the brand Raiffeisen Versicherung Austria based on new cooperation agreements since January 2013, recently extended until 2022 with automatic renewal  Highest customer reach through leading retail network with c.2,000 outlets and c.2.8m customers  Raiffeisen Versicherung is an integral part of the Raiffeisen banking group‘s online strategy CEE  Distribution via Raiffeisen Bank International based on strengthened strategic preferred partnership for CEE countries since June 2013  Raiffeisen Bank International with ~2,200 outlets and c.14.5m customers in CEE. Top 5 market position in 9 countries UNIQA Investor Relations 7

Secular and profitable growth opportunity in CEE Broad CEE platform with 15 core markets Insurance density 6.640 2.371 Central Europe (CE) Eastern Europe (EE) South Eastern Europe (SEE) 2,174 Clients: 0.7m Clients: 3.0m Clients: 1.8m GWP: EUR 1.025m GWP: EUR 169m GWP: EUR 284m 1,940 Share of GWP: 65.4% Share of GWP: 10.8% Share of GWP: 18.2% Russia Clients: 0.3m GWP: EUR 88m Share of GWP: 5.6% Austria in 1977 – 1984 480 442 Austria in 1955 – 1972 379 301 292 159 131 137 108 110 91 71 47 42 30 UA AL KS MK BA RO RS ME RU BG HR HU PL SK CZ AT EU DE CH Annual insurance spending p.c. in EURO EU, DE, CH: figures FY 2016; CZ, SK, HR, BiH, AL, KS, AT figures FY 2017; other figures FC from Q3 2017 Source: Company information Source: Regional Supervisory Authorities & Associations UNIQA Investor Relations 8

Free surplus generation covering progressive dividend policy Life and health free surplus generation Surplus in € M  Less capital intensive new 400 business in life (reduction of guarantees) 300 254  Reduction in one-off 63 171 200 158 commission payments 139 43 68 46 100  In-force measures to push 48 191 128 14 93 90 35 transfer from VIF 23 13 0 -9  Improving combined ratio will 2012 2013 2014 2015 2016 2017 -100 contribute higher free surplus Health & Life P&C generation from P&C business Dividend payment in the future In € M 200 157 150 140 130 150 120 110 100 50 0 2012 2013 2014 2015 2016 2017 UNIQA Investor Relations 9

Strategy UNIQA Investor Relations 10

UNIQA will be able to ensure attractive financial results Key initiatives 2016 – 2020 Operating KPIs Targeted financial results 2% GWP 13.5% p.a. operating ROE 1 <24% average in 2017 – 2020 NCR 2 in 2020 “Each year <95% COR in 2020 increasing DPS” >170% in 2016 – 2020 ECR from 2016 Net cost reduction and Combined Ratio improvement will provide attractive returns on key initiatives UNIQA Investor Relations 1: Operating ROE = (EBT excl. goodwill amortisation)/(own funds excl. revaluation reserve); 2: Net cost ratio – changed target after 11 sale of Italian operations

Significant investments to advance UNIQA’s business model started in 2016 Investments assigned to initiatives 2016 – 2020 2021 – 2025 Investments 2016-2020 Total Thereof Total Thereof Σ € 330M Investment Investment Expensed Expensed Operational € 70M € 60M - - 21% Excellence 56% € 75M € 65M - - Digitisation 23% € 150M – € 100M – € 185M € 115M Core IT 200M 115M Operational Excellence € 150M – € 100M – Digitisation € 330M € 240M Sum total 115M 200M Core IT Capital expenditures in 2016 EUR 55m and 2017 EUR 41m through P&L Capital expenditures in 1H18: EUR 12m through P&L UNIQA Investor Relations 12

UNIQA Investor Relations 13