EANS-Adhoc: Vienna Insurance Group PROFITS EARNED IN ALL SEGMENTS AND MARKETS
IN THE 1ST QUARTER OF 2014
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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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Financial Figures/Balance Sheet/1st Quarter 2014
26.05.2014
.) Solid premium growth to EUR 2.7 billion (+1.0%) - satisfying growth of
+2.9% after adjusting for exchange rate effects - in spite of further
portfolio adjustments
.) Robust profit (before taxes) of EUR 152 million (-4.7%); +2.8% after
adjusting for special effects - all segments and markets made positive
contributions to profits
.) Combined ratio - improved to an excellent 96.4% following 100.6% at
the end of 2013
Consolidated premiums written by Vienna Insurance Group reached EUR 2.7 billion
in the first quarter of 2014, representing a year-on-year increase of 1.0
percent. When adjusted for exchange rate effects, the increase rises further to
2.9 percent.
Profit (before taxes) was EUR 152 million. Adjusted for exchange rate effects
and the first interest payment on the subordinated debt issued in autumn 2013,
profit (before taxes) rose by 2.8 percent. It is particularly satisfying to note
that all Vienna Insurance Group segments and markets made positive contributions
to profits.
The combined ratio improved strongly to an excellent 96.4 percent. This was half
a percentage point lower than the same period in the previous year. Compared to
the end of 2013, the level improved significantly by 4.2 percentage points.
The Group's financial result remained stable at around EUR 272 million. Vienna
Insurance Group investments (including cash and cash equivalents) were just
under EUR 30 billion (as of 31 March 2014).
Further inquiry note:
VIENNA INSURANCE GROUP AG
Wiener Versicherung Gruppe
1010 Wien, Schottenring 30
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-1010 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