Vienna Insurance Group

EANS-Adhoc: VIENNA INSURANCE GROUP STAYS ON COURSE IN 1ST QUARTER OF 2012:

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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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3M 2012

23.05.2012

- Group premiums grew by 5.5 percent to more than EUR 2.7 billion

- Increase in Group profit (before taxes) by 6.0 percent to EUR 151.4 million

- Significant increase in profit in CEE by 13.8 percent

- Combined ratio decreased to excellent 96.4 percent


I. OVERVIEW OF KEY GROUP DATA FOR THE 1st QUARTER OF 2012 (in accordance with
   IFRS)


In the 1st quarter of 2012 Vienna Insurance Group earned a total of EUR 2.7
billion of (consolidated) premiums written, growing by 5.5 percent compared to
the same period of the previous year.

The Group profit (before taxes, consolidated) amounted to EUR 151.4 million in
the 1st quarter of 2012. This corresponds to a significant increase by 6.0
percent compared to the prior-year period.

The Group profit after taxes and minority interests went up by 7.9 percent to
EUR 117.7 million.

In the 1st quarter of 2012 the Group's combined ratio after reinsurance
(excluding investment income) was successfully decreased by 1.4 percentage
points to an excellent 96.4 percent - which is considerably below the 100-
percent threshold.

The Group posted total investments, including cash and cash equivalents, of
EUR 28.7 billion as of 31 March 2012. Increasing by 9.4 percent, the financial
result totalled EUR 277.0 million. The hidden reserves of the Group amounted to
about EUR 1.5 billion.


II. OUTLOOK

In 2012 the focus will remain on strengthening organic growth - by promoting
business with existing companies. This will, however, not exclude the
possibility of acquisitions rounding off the portfolio.
Vienna Insurance Group set itself the goal of growing above market average in
the next years. The Management of Vienna Insurance Group has committed itself
to keeping volatilities as low as possible by taking into account the economic
background. Vienna Insurance Group also strives to identify cost-cutting
potentials on an ongoing basis and to use them to the best advantage.


Further inquiry note:
VIENNA INSURANCE GROUP AG
Wiener Versicherung Gruppe
1010 Wien, Schottenring 30

Alexander Jedlicka 
Head of Public Relations, Spokesperson 
Tel.: +43 (0)50 390-21029 
Fax: +43 (0)50 390 99-21029 
E-Mail: alexander.jedlicka@vig.com


Nina Higatzberger
Head of Investor Relations
Tel.: +43 (0)50 390-21920
Fax: +43 (0)50 390 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)50 390-21919
FAX:         +43(0)50 390 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
 



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