Vienna Insurance Group

EANS-Adhoc: Vienna Insurance Group
Excellent result of Vienna Insurance Group in 2010[1]:

-------------------------------------------------------------------------------- ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Preliminary Premiums 2010 25.01.2011 Increase of premiums written by 6.1 percent to EUR 8.7 billion Significant plus of Group profit for the year (before taxes) by almost 15 percent to about EUR 505 million Planned increase of dividend to EUR 1 per share[2] Excellent capitalisation of the Group I. OVERVIEW OF KEY DATA FOR THE YEAR 2010 Based on preliminary data, Vienna Insurance Group reported unconsolidated premiums written of EUR 8.7 billion in the financial year 2010, corresponding to an increase of 6.1 percent. In the non-life insurance segment Vienna Insurance Group achieved premiums written of EUR 4.8 billion, i.e. a plus of 2.0 percent. After a strong increase of 11.7 percent, the Group´s premiums in the life insurance segment total EUR 3.9 billion. According to preliminary figures, the Group profit (before taxes, consolidated) predicted for 2010 will amount to about EUR 505 million. This corresponds to an increase by almost 15 percent. The management of Vienna Insurance Group assumes that the Group´s combined ratio (net, after reinsurance) will amount to about 98 percent in 2010 - despite the heavy burden caused by natural disasters. II. DIVIDEND The Managing Board plans to propose to the corporate bodies an increase of the dividend from EUR 0.90 to EUR 1.0 per share for the financial year 2010. This reflects the steady increase in the Group´s earnings and complies with its long-term dividend policy of distributing at least 30 percent of the Group profit (after taxes and minority interests). III. Outlook for the financial year 2011 According to the latest revision of economic forecasts, Austria´s economic development will be slightly better than predicted only recently. These forecasts assume in particular that the economy in the Eastern European markets will gain momentum, with growth rates ranging between 2 and 4 percent. Therefore the economic dynamism in this region is expected to distinguish itself positively from the development in the EU-15 countries. It is indispensable to take into account budget consolidation measures, which are showing effects in some countries only now - in the wake of the economic crisis. Against this background, the management expects a low percentage increase in premiums for the year 2011. Nevertheless, the company aims at increasing the profit before taxes by about ten percent. The prerequisite is, however, that the economic and legal framework will not deteriorate significantly and that there will be no drastic trend in damage caused by natural disasters. [1] The figures are based on preliminary data, are unconsolidated and have not been audited. All data are stated in Euro. [2] Subject to the approval of the corporate bodies end of announcement euro adhoc -------------------------------------------------------------------------------- Further inquiry note: VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe 1010 Wien, Schottenring 30 Alexander Jedlicka Public Relations, Spokesperson Tel.: +43 (0)50 350 21029 Fax: +43 (0)50 350 99 21029 E-Mail: alexander.jedlicka@vig.com Thomas Schmee Head of Investor Relations Tel.: +43 (0)50 350-21900 Fax: +43 (0)50 350 99-21900 E-Mail: thomas.schmee@vig.com Branche: Insurance ISIN: AT0000908504 WKN: A0ET17 Index: WBI, ATX Prime, ATX Börsen: Prague Stock Exchange / stock market Wien / official market

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