Vienna Insurance Group

EANS-Adhoc: Vienna Insurance Group
FIRST HALF-YEAR OF 2012: RECORD RESULT OF VIENNA INSURANCE GROUP


--------------------------------------------------------------------------------
  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.
--------------------------------------------------------------------------------
22.08.2012

- Group premiums grew to about EUR 5.3 billion (plus 11.7 percent)

- Group profit (before taxes) surpasses the 300-million-euro threshold (plus 6.9
  percent to EUR 301.7 million)

- Increase in profit in CEE by significant 13.6 percent

- Combined ratio down to excellent 96.6 percent


I. OVERVIEW OF KEY GROUP DATA FOR THE FIRST HALF-YEAR OF 2012 (in accordance
   with IFRS)

In the first half-year of 2012 Vienna Insurance Group earned (consolidated)
premiums written totalling EUR 5.3 billion; this equals to an increase of 11.7
percent compared to the same period of the previous year.

Group profit (before taxes, consolidated) amounted to EUR 301.7 million in the
first half-year of 2012. This corresponds to a significant growth by 6.9
percent compared to the prior-year period.

Group profit after taxes and minority interests rose even more strongly, i.e.
by 7.5 percent to EUR 231.3 million.

The Group's combined ratio after reinsurance (excluding investment income)
decreased to an excellent 96.6 percent in the first half-year of 2012 - and is
therefore considerably below the 100-percent threshold.

The investments of the Group, including cash and cash equivalents, amounted to
EUR 29.1 billion as of 30 June 2012. Increasing by 4.9 percent, the financial
result totalled EUR 581.4 million.

II. UNCHANGED 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 few 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 
--------------------------------------------------------------------------------


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
 

 

 



Das könnte Sie auch interessieren: