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UNIQA Insurance Group (UQA) Fair Value & Analysis

Financial Services · AT · Market cap €5.3B

UI UNIQA Insurance Group UQA · VI
Price€18.00
Fair Value€17.99
Upside-0.1%
Quality57/100
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Weak Growth
Thin margins · 5.6% net margin
Low debt · generates free cash flow
Trails peers (5/15)
Moderate moat 45/100
Evidence: High Range €13.49 – €22.49 Share as image

Fair value as of: Jul 18, 2026

From 4 valuation models · updated 23 days ago

Share price +0.9% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

€18.26 €4.66 Fair Value €17.99 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range €4.66 – €18.26 · fair‑value band €13.49 – €22.49 · the €18.00 price screens above the €17.99 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

Full chart & analysis →

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Analysis

UNIQA Insurance Group (UQA) currently trades at €18.00, while our model-based Fair Value estimate is €17.99, implying the stock looks roughly 0.1% fairly valued today. The Quality Score stands at 57/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, UNIQA Insurance Group generated revenue of €7.6B at a net margin of 5.6%. Revenue grew 6.8% year over year. It earns a return on equity of 13.9%. Net debt stands at €649M. Fundamentals as of Jul 18, 2026

Our scenario range runs from €13.49 (bear case) to €22.49 (bull case); at €18.00, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 63% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -12% fair-value upside, at 0%, UQA screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income €9.55 €11.83 €26.68 76
P/E Multiple €13.49 €17.99 €22.49 63
P/B Multiple €10.48 €13.97 €17.47 55
All 4 models by family
Multiples
P/E Multiple €13.49 €17.99 €22.49 63
P/B Multiple €10.48 €13.97 €17.47 55
Asset-Based
NCAV (Graham) €4.99 €6.69 €9.98 50
Economic Profit
Residual Income €9.55 €11.83 €26.68 76

Widest divergence: Multiples (€13.97) versus Asset-Based (€6.69). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) €7.7B
Revenue growth (YoY) +7.8%
Net margin 5.6%
Return on equity 13.8%
Free cash flow €842M FY2025
P/E ratio 12.4
More key figures
Operating margin 8.9%
EPS (TTM) €1.38
EPS growth (YoY) -98.3%
Net debt €649M FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 50 · Market factors (momentum, volatility) 80

Profitability 32
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 75
Earnings quality: real cash, not paper profit
Fin. Strength 8
Balance sheet, leverage, solvency risk
Investment 68
Disciplined investing over empire-building
Low Volatility 87
Calm price path (market factor)
Momentum 70
Price trend over the last 3–12 months (market factor)
52W Momentum 91
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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.

Full company description

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. 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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

UNIQA Insurance Group 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.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€5.9B
Latest YoY
+4.0%
Avg. growth/yr (3Y)
−3.1%
Avg. growth/yr (5Y)
+0.8%
Avg. growth/yr (21Y)
+1.7%
Revenue −2.5%/yr
FY21 €6.6B
FY22 €6.5B
FY23 €5.1B
FY24 €5.7B
FY25 €5.9B
Net income +7.8%/yr
FY21 €315M
FY22 €383M
FY23 €303M
FY24 €348M
FY25 €425M

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Cite: Fair Value Calculator (2026). "UNIQA Insurance Group Fair Value". https://www.fairvalue-calculator.com/stock/UQA

Peer Group

Insurance - Diversified · 84 stocks

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.

Quality Score 53 · Below median
Fair Value upside −0% · Below median
Return on equity (TTM) 14% · Above median
Return on assets 1% · Bottom 25%
Net margin (TTM) 6% · Below median
Operating margin (TTM) 9% · Below median
Revenue growth 8% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.43× · Higher than median

Valuation Multiples vs Insurance - Diversified median · lower = cheaper

P/E (TTM) 12.4× · Cheaper than median
P/B 1.99× · Pricier than 75% of peers
P/S (TTM) 0.79× · Cheaper than median
P/FCF 7.2× · Pricier than median
EV/EBITDA 14.3× · Pricier than 75% of peers
PEG 0.09× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 33 · sector 44
FUTURE 39 · sector 31
PAST 55 · sector 49
HEALTH 79 · sector 89
DIVIDEND 0 · sector 45

Insider activity: 45/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Insurance - Diversified stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Berkshire Hathaway Inc BRKB 8,562 MXN 10,844 MXN +27%
Allianz SE ALV €421.00 €369.31 -12%
Zurich Insurance Group ZURN CHF 624.40 CHF 619.80 -1%
AXA SA AXAN 888.28 MXN 1,249 MXN +41%
Assicurazioni Generali S.p.A G €42.90 €12.18 -72%
Sun Life Financial Inc SLF C$114.20 C$87.83 -23%
BB Seguridade Participações S.A BBSE3 R$40.71 R$60.39 +48%
Tryg A/S TRYG kr 154.00 kr 116.45 -24%
PT Sinar Mas Multiartha Tbk SMMA 20,625 IDR 4,176 IDR -80%
Caixa Seguridade Participações S.A CXSE3 R$21.77 R$18.60 -15%

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Frequently asked questions

Is UNIQA Insurance Group (UQA) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of €17.99 versus a price of €18.00, about −0% (fairly valued).
What is the fair value of UQA?
Our model-based fair value for UNIQA Insurance Group is €17.99 (as of Jul 18, 2026), built from audited fundamentals. The current price is €18.00.
What is the quality score of UQA?
UNIQA Insurance Group has a Quality Score of 57/100. 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 revenue of UNIQA Insurance Group (UQA)?
UNIQA Insurance Group reported trailing-twelve-month revenue of about €7.6B (latest available figure, as of Jul 18, 2026).
What is the net profit margin of UQA?
The net profit margin of UNIQA Insurance Group is about 5.6%, meaning it keeps roughly 5.6% of revenue as net income. Based on the latest reported figures.
Does UNIQA Insurance Group pay a dividend?
UNIQA Insurance Group currently shows a dividend yield of about 4.40% relative to its recent price (as of Jul 18, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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