EANS-Adhoc: Vienna Insurance Group Preliminary development of Vienna Insurance
Group in 2011 [1]:
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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.
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Preliminary Premiums 2011
24.01.2012
Excellent corporate data despite a generally difficult economic situation
Premiums written: growing by 3.4 percent to EUR 9 billion
Best result in the corporate history - increase in Group profit (before taxes)
by about 10 percent to nearly EUR 560 million
Managing Board considers increase in dividend
I. OVERVIEW OF KEY GROUP DATA FOR THE YEAR 2011
In the financial year 2011 Vienna Insurance Group earned unconsolidated
premiums written of EUR 9 billion; this corresponds to a plus of about 3.4
percent. In the non-life insurance segment Vienna Insurance Group increased
premiums written by a remarkable 4.9 percent to EUR 5.1 billion. In the life
insurance business the Group reported a total of EUR 3.9 billion, achieving a
growth of 1.4 percent - despite the difficult economic setting.
Based on preliminary data, the forecast Group profit (before taxes,
consolidated) for the year 2011 will amount to nearly EUR 560 million. This
corresponds to an increase by approximately 10 percent.
The management of Vienna Insurance Group assumes that the combined ratio of the
Group (net, after reinsurance) for 2011 will amount to the target value of
about 97 percent.
II. DIVIDEND
The Managing Board of Vienna Insurance Group considers proposing an increase in
dividend for the year 2011 to the corporate bodies. This would result in a
dividend yield of about 3.6 percent.[2]
III. OUTLOOK FOR THE FINANCIAL YEAR 2012
The Management of Vienna Insurance Group continues its efforts to keep
volatilities affecting earnings as low as possible, taking into account the
economic environment, and to promote the organic growth in premiums.
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[1] THE BUSINESS FIGURES ARE BASED ON PRELIMINARY DATA AND ARE UNCONSOLIDATED
AND UNAUDITED. All FIGURES STATED ARE BASED ON EURO.
[2] SUBJECT TO THE APPROVAL OF THE CORPORATE BODIES
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
Nina Higatzberger
Head of Investor Relations
Tel.: +43 (0)50 350-21920
Fax: +43 (0)50 350 99-21920
E-Mail: nina.higatzberger@vig.com
end of announcement euro adhoc
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issuer: Vienna Insurance Group
Schottenring 30
A-1011 Wien
phone: +43(0)50 350-21919
FAX: +43(0)50 350 99-23303
mail: investor.relations@vig.com
WWW: www.vig.com
sector: Insurance
ISIN: AT0000908504
indexes: WBI, ATX Prime, ATX
stockmarkets: official market: Wien, stock market: Prague Stock Exchange
language: English