Divestiture • Insurance

Uniqa Insurance Group Acquires AXA Poland

On February 7, 2020, Uniqa Insurance Group acquired insurance company AXA Poland from AXA

Acquisition Context
  • This is Uniqa Insurance Group’s 4th transaction in the Insurance sector.
  • This is Uniqa Insurance Group’s 1st transaction in Poland.

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M&A Deal Summary

Date February 7, 2020
Target AXA Poland
Sector Insurance
Buyer(s) Uniqa Insurance Group
Sellers(s) AXA
Deal Type Divestiture

Target Company

AXA Poland

Paris, Poland
AXA Poland offers a full range of Life and Savings (L&S), Property and Casualty (P&C), Pension, and Asset Management products and solutions to ca. 3.2 million customers. The company has 1,575 employees and distributes its products through two tailored multichannel networks, dedicated to P&C and L&S. It also benefits from an exclusive and multi-product bancassurance partnership with mBank.
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Buyer Overview 1

Buyer

Uniqa Insurance Group

Vienna, Austria

Category Company
Founded 1811
Sector Insurance
Employees15,152
Revenue 5.7B EUR (2024)
DESCRIPTION

Uniqa Insurance Group is an insurance groups in its core markets of Austria and Central and Eastern Europe (CEE). Its product portfolio includes life, health, property, casualty, household, fire, motor, liability, and other insurance product services. Uniqa Insurance Group was incorporated in 1811 and is headquarters in Vienna, Austria.


Deal Context for Buyer #
Overall 4 of 4
Sector: Insurance 4 of 4
Type: Divestiture 4 of 4
Country: Poland 1 of 1
Year: 2020 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-07 AXA Czech Republic and Slovakia

Czech Republic

AXA Czech Republic and Slovakia offers a comprehensive product suite of L&S, P&C and Pension solutions to ca. 1.6 million retail customers. The company has 527 employees and operates as one integrated platform, under a single management team active in both countries, through three Czech entities with branches in Slovakia. It has a diversified distribution mix consisting of brokers, tied agents and direct distribution channels.

Buy -

Seller Profile 1

SELLER

AXA

Paris, France

Category Company
Founded 1852
Sector Insurance
Employees100,041
Revenue 89.8B EUR (2024)
DESCRIPTION

AXA is a provider of financial protection and asset management services primarily in western Europe, North America, the Asia Pacific region, the Middle East, and Africa. The Company offers a range of life and savings products, including individual and group savings retirement products, life and health products. The Property & Casualty segment includes a range of products, including motor, property and general liability insurance for both personal and commercial customers. AXA was founded in 1852 and is based in Paris, France.


Deal Context for Seller #
Overall 13 of 15
Sector: Insurance 12 of 13
Type: Divestiture 12 of 14
Country: Poland 1 of 1
Year: 2020 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-07 AXA Czech Republic and Slovakia

Czech Republic

AXA Czech Republic and Slovakia offers a comprehensive product suite of L&S, P&C and Pension solutions to ca. 1.6 million retail customers. The company has 527 employees and operates as one integrated platform, under a single management team active in both countries, through three Czech entities with branches in Slovakia. It has a diversified distribution mix consisting of brokers, tied agents and direct distribution channels.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-31 AXA Insurance

Athens, Greece

AXA Insurance is an insurance company that offers a broad suite of products to more than 600,000 customers. It has 249 employees and distributes its products through a diversified distribution mix consisting of an exclusive bancassurance partnership with Alpha Bank, agents, brokers as well as direct distribution channels.

Sell $165M

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