Vienna Insurance Group

EANS-Adhoc: Vienna Insurance Group
STRONG RESULT INCREASE IN THE FIRST THREE QUARTERS OF 2014

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Financial Figures/Balance Sheet/9M 2014
18.11.2014


· Profit increases 36.4% to EUR 430.8 million
 
· Earnings per share grow by 65.5% to EUR 3.26
 
· Premiums stable at around EUR 7.0 billion
 
· Combined ratio reduced to a very good 97.2%
 
 
Vienna Insurance Group recorded very good business development in the first
three quarters of 2014. Premiums were around EUR 7.0 billion, remaining at the
level of the previous year in spite of significant negative exchange rate
effects. When adjusted for these effects, premiums increased by 1.7 percent.
 
The solid performance by Group companies is shown by the major increase of 36.4%
in profit (before taxes) to EUR 430.8 million. Net profit after minorities rose
even more sharply by 50.7 percent to EUR 327.7 million and earnings per share
even grew by 65.5 percent to EUR 3.26.
Profit (before taxes) rose 9.5 percent in CEE markets, and even 14.2 percent
when adjusted for exchange rate effects. In total, Group companies in the CEE
region generated 56.7 percent, again more than half of the Group's profits. It
was particularly gratifying that all of the markets in the region reported
positive results (with the exception of Bosnia-Herzegovina, due to major natural
disaster claims).
 
The good performance is also shown in the combined ratio development, falling
3.5 percentage points year-on-year to a very good 97.2 percent in the 3rd
quarter of 2014. Vienna Insurance Group was able to achieve this major
improvement in spite of the ongoing conservative reserving policy for Donau
Versicherung's Italian business and the resulting negative effects this brings.
 
The Group financial result was EUR 844.1 million, and Vienna Insurance Group
investments (including cash and cash equivalents) were around EUR 31.1 billion
(as of 30 September 2014).


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-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
 

 


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