UNIQA Insurance Group AG (UQA) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of UNIQA Insurance Group AG stock €11.75, price €17.78, that is 33.9% below the price, quality 53 out of 100. Rating: overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range €4.66 – €18.80 · fair‑value band €9.79 – €15.38 · the €17.78 price screens above the €11.75 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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UNIQA Insurance Group AG operates as an insurance company in Austria and Central and Eastern Europe. The company operates through the UNIQA Austria, UNIQA International, and Reinsurance segments.
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Its insurance product portfolio includes life, health, property, casualty, household, fire, motor vehicle, liability, medical expense, income protection, worker's compensation, marine, aviation, transport, and other insurance product services.
The company offers its products and services through various distribution channels, including sales force, general agencies, brokers, banks, and direct sales. The company was formerly known as UNIQA Versicherungen AG and changed its name to UNIQA Insurance Group AG in July 2013.
UNIQA Insurance Group AG was founded in 1811 and is based in Vienna, Austria.
Stock analysis
UNIQA Insurance Group AG (UQA) currently trades at €17.78, while our model-based Fair Value estimate is €11.75, 34% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of €13.12 per share, and 1 of the 6 models we run sit above the €17.78 price.
Bear case: the Asset-Based group reads lowest at €4.17, and 5 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: €9.79 (bear) to €15.38 (bull), the price of €17.78 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 53/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
UNIQA Insurance Group AG reported revenue of €5.9B in FY2025 versus €6.6B in FY2021, a compound −2.5%/yr. Reported net income was €425M in FY2025, compounding +7.8%/yr from FY2021.
Key figures
Market cap €5.5B Mid · P/E ratio 12.2 · P/S ratio 0.69 · EPS (TTM) €1.46 · Dividend yield 4.0% · Net margin 5.7% · Return on equity 13.7% · Return on assets (EBIT) 1.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 40 out of 100 (low confidence).
What moves the price
The share trades about 5% below its 52-week high and 45% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −31% fair-value upside, at −34%, UQA screens richer than that median.
Fair Value models
Bear€9.79Fair Value €11.75Bull€15.38
Price €17.78 · Downside -33.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (€0.6325 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+4.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−3.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.8%
Start year 2020 (pandemic). Over 10 years: −0.9% a year
Revenue growth 21 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.7%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+16.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+12.8%
Dividend (yield on the price)4.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.12.8% vs 3.9%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−3% → 9%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 1.3%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
News mood ⓘNews mood, the average tone of recent news (51 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: Decent ROE supports moderate positioning as the main strength, while thin evidence of durable advantages across categories forms the central weakness.
Main risk: Insurtechs using AI pricing and larger peers such as Vienna Insurance Group could take customers or force lower prices on motor insurance in Poland and Romania, squeezing UNIQA's broker-centric distribution and underwriting margins.
Bull case: UNIQA could integrate AI more deeply into its own pricing and claims processes to match or exceed insurtech efficiency while leveraging its bancassurance ties and scale in Austria and CEE to retain customers and defend margins.
Bear case: If digital rivals and larger groups continue to erode market share through cheaper or more agile offerings, UNIQA might lose significant volume in key CEE motor lines and see persistent pressure on its core underwriting profitability.
UNIQA has opened its real estate platform to external capital, managing over three billion euros across more than 200 properties. This expands the insurer beyond core underwriting into third-party asset management. Our models see it as overvalued. Will the added fee potential strengthen results more than it exposes the business to real estate market swings?
Compare UNIQA Insurance Group AG with another stock
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Insurance - Diversified · 73 stocks
Beats the industry median on 6/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score53 · Below median
Fair Value upside−33.9% · Below median
Profitability
Return on equity (12 months)13.7% · Above median
Return on assets1.5% · Below median
Net margin (12 months)5.7% · Bottom 25%
Operating margin (12 months)1.4% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)12.1% · Above median
Dividend yield (12 months)4.0% · Above median
Balance sheet
Debt / equity0.43× · Above median
Valuation Multiplesvs Insurance - Diversified median · lower = cheaper
P/E (12 months)12.2× · Pricier than median
P/B1.78× · Pricier than median
P/S (12 months)0.69× · Cheaper than median
Price / free cash flow (fiscal year)6.5× · Cheaper than median
EV/EBITDA12.8× · Priciest 25%
PEG0.09× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 11
FUTURE (revenue growth)61· sector 38
PAST (return on equity)55· sector 54
HEALTH (low debt)–
DIVIDEND (yield)81· sector 73
VALUE 0: the price sits above our fair-value range.
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "UNIQA Insurance Group AG Fair Value". https://www.fairvalue-calculator.com/stock/UQA
Frequently asked questions
Is UNIQA Insurance Group AG (UQA) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of €11.75 versus a price of €17.78, about 34% lower (overvalued).
What is the fair value of UQA?
Our model-based fair value for UNIQA Insurance Group AG is €11.75 (as of Nov 7, 2026), built from audited fundamentals. The current price: €17.78.
What is the quality score of UQA?
UNIQA Insurance Group AG has a Quality Score of 53/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for UNIQA Insurance Group AG (UQA)?
Our model-based price target is the fair value of €11.75 (as of Nov 7, 2026) from 6 valuation models. Cautious scenario €9.79, optimistic scenario €15.38. It is a calculation from audited fundamentals, not an analyst target.
What is the UNIQA Insurance Group AG stock forecast for 2026?
Our models put fair value at €11.75, about 34% lower versus a price of €17.78 (overvalued). Cautious scenario €9.79, optimistic scenario €15.38. The calculation is refreshed regularly with new filings.
What is the revenue of UNIQA Insurance Group AG (UQA)?
UNIQA Insurance Group AG reported trailing-twelve-month revenue of about €7.9B (latest available figure, as of Nov 7, 2026).
Does UNIQA Insurance Group AG pay a dividend?
UNIQA Insurance Group AG currently shows a dividend yield of 4.05% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of UNIQA Insurance Group AG (UQA) and when is the ex-dividend date?
UNIQA Insurance Group AG pays a dividend of €0.72 per share a year, a dividend yield of 4.0%. The last ex-dividend date was Jun 18, 2026. A dividend has been paid every year since 2013. The payout ratio is 49.3% of earnings. Our assessment: Low payout. A low payout ratio: the dividend takes at most 60 % of earnings. Whether free cash flow covers it as well, we cannot see for this company.
What is the intrinsic value of UNIQA Insurance Group AG (UQA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For UNIQA Insurance Group AG it is €11.75 per share (as of Nov 7, 2026), against a price of €17.78. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is UNIQA Insurance Group AG stock overvalued or undervalued in 2026?
As of Nov 7, 2026, UQA trades above its calculated fair value: price €17.78, fair value €11.75, a gap of about −34% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of UQA?
No. The price is what the market pays today (€17.78); the fair value is what the company's own numbers justify (€11.75). For UNIQA Insurance Group AG the two are €6.03 per share apart. That gap is exactly why we show both numbers side by side.
How much is UNIQA Insurance Group AG worth?
The market values UNIQA Insurance Group AG at about €5.5B (market capitalisation, as of Nov 7, 2026). Per share that is €17.78; our models calculate a fair value of €11.75 per share.
What do the bullish and bearish scenarios say about UQA?
Our models span a range for UNIQA Insurance Group AG: cautious scenario €9.79, base €11.75, optimistic €15.38 per share (as of Nov 7, 2026, price €17.78). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of UQA?
UNIQA Insurance Group AG trades at a price-to-earnings ratio of 12.2 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €11.75 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 10.5. Other multiples: PEG 0.1, P/B 1.8, P/S 0.7, EV/EBITDA 12.8.
What is the PEG ratio of UQA?
The PEG ratio of UNIQA Insurance Group AG is 0.09 (P/E divided by earnings growth, as of Nov 7, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of UNIQA Insurance Group AG (UQA)?
Balance-sheet figures for UNIQA Insurance Group AG (as of Nov 7, 2026): return on equity 13.7%, debt of 0.43 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is UQA from its 52-week high?
UNIQA Insurance Group AG trades at €17.78, about 5% below its 52-week high of €18.80 and 45% above the low of €12.28 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €11.75 is for.
Which stocks are comparable to UNIQA Insurance Group AG?
From the same area (Financial Services) we also value Allianz SE, Zurich Insurance Group, AXA SA, Assicurazioni Generali S.p.A, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is UNIQA Insurance Group AG stock attractive at the current price?
The data as of Nov 7, 2026: price €17.78, calculated fair value €11.75 (−34%), Quality Score 53/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of UQA calculated?
We run UNIQA Insurance Group AG through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of €11.75 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. UNIQA Insurance Group AG itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of UNIQA Insurance Group AG (UQA)?
The closing price on Nov 6, 2026 was €17.78. Our model-based fair value is €11.75, about 34% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with UNIQA Insurance Group AG right now?
The price sits above even our optimistic bull case (€15.38). The favourable scenario is already priced in. Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of UNIQA Insurance Group AG (UQA) come from?
Earnings per share at UNIQA Insurance Group AG grew +3.8 % a year from 2014 to 2025. Broken into its drivers: revenue per share −0.6 %, EBIT margin +3.7 %, tax rate −0.1 %, residual (interest, one-offs) +0.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of UNIQA Insurance Group AG
How large is the market capitalisation of UNIQA Insurance Group AG (UQA)?
The market capitalisation of UNIQA Insurance Group AG is €5.5B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of UNIQA Insurance Group AG (UQA)?
The price-to-sales ratio of UNIQA Insurance Group AG is 0.69 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of UNIQA Insurance Group AG (UQA)?
Earnings per share at UNIQA Insurance Group AG are €1.46 (price ÷ EPS = P/E 12.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of UNIQA Insurance Group AG (UQA)?
The dividend yield of UNIQA Insurance Group AG is 4.0% (payout 49.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of UNIQA Insurance Group AG (UQA)?
The net margin of UNIQA Insurance Group AG is 5.7% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of UNIQA Insurance Group AG (UQA)?
The return on equity (ROE) of UNIQA Insurance Group AG is 13.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of UNIQA Insurance Group AG (UQA)?
On an EBIT basis the return on assets of UNIQA Insurance Group AG is 1.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of UNIQA Insurance Group AG (UQA)?
The operating margin of UNIQA Insurance Group AG is 1.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at UNIQA Insurance Group AG (UQA)?
Revenue at UNIQA Insurance Group AG is growing +12.1% versus a year earlier (3y avg −3.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at UNIQA Insurance Group AG (UQA)?
Earnings per share at UNIQA Insurance Group AG are growing +20.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does UNIQA Insurance Group AG (UQA) generate?
The free cash flow of UNIQA Insurance Group AG is €842M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does UNIQA Insurance Group AG (UQA) carry?
The net debt of UNIQA Insurance Group AG is €649M (fiscal year 2025, ≈ 0.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 7, 2026