The Austria Financial Market Authority published its quarterly report on the Austrian insurance sector, showing higher premium volumes and a marked increase in profitability in the first quarter of 2025. Total premiums written rose 4.8% year on year to EUR 7.3 billion, while the result from ordinary activities increased 62% to EUR 370 million (from EUR 228 million). Premium growth was strongest in health insurance, where premiums written increased 8.9% to EUR 857 million, and in funds and index-based life insurance, which rose 13% to EUR 420 million, with prior inflation-driven premium adjustments cited as a factor. Profitability was supported by a 7.8% higher financial result and a EUR 85 million reduction in claim settlement expenses in non-life and accident insurance, which remained the most profitable segment with a 9.2% operating margin (life insurance: 0.72%; health insurance: 0.46%). The sector’s solvency ratio was largely unchanged at 260% compared with the previous quarter (254%).
Austria Financial Market Authority 2025-06-06
Austria Financial Market Authority reports 4.8% premium growth and 62% profit rise for Austrian insurers in Q1 2025
The Austria Financial Market Authority's quarterly report highlights a 4.8% increase in total premiums to EUR 7.3 billion and a 62% rise in profitability to EUR 370 million in Q1 2025. Health insurance premiums grew 8.9%, and funds and index-based life insurance rose 13%, driven by inflation adjustments. Profitability was bolstered by a 7.8% higher financial result and reduced claim settlement expenses, with non-life and accident insurance achieving a 9.2% margin.