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Vienna Insurance Group

EANS-Adhoc: Vienna Insurance Group
Vienna Insurance Group continues the trend set by outstanding 2008 annual result in the first quarter 2009

  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.
Results 3M 2009
12.05.2009
  • Profit (before taxes) of approximately EUR 121 million
  • Important CEE markets record double digit premium growth on a local basis
OVERVIEW OF KEY GROUP DATA FOR THE 1st QUARTER OF 2009 (according to 
IFRS)*
In the first quarter of 2009, the Vienna Insurance Group achieved a 
total of premiums written (consolidated) of EUR 2.35 billion. Based 
on euros, this corresponds to an increase of 1.5 percent compared to 
the same period of the previous year.
The Group profit (before taxes, consolidated) amounted to about EUR 
121 million in the first quarter. This implies virtually the repeat 
of the very good result in the first quarter 2008. Actually, after 
tax expenses and minority interests a profit growth of close to 4 
percent was achieved.
The combined ratio of the Group after reinsurance (not considering 
investment income) was 96.4 percent for the first three months of the
current year.
The financial results amounted to EUR 238.15 million for the first 
quarter of 2009. This increase of 35.6 percent is primarily the 
result of an increase in current income generated by the newly 
acquired companies of the s Versicherung Group.
As of 31 March 2009, the investments of the Group amounted to EUR 
23.88 billion. Compared to the same period of the previous year the 
investments increased by 18.8 percent.
[* All statements for the first quarter of 2009 include figures from 
the s Versicherung Group and the BCR insurance companies. BA-CAV and 
Unita are only included in comparisons to the first quarter of 2008.]
end of announcement                               euro adhoc

Further inquiry note:

VIENNA INSURANCE GROUP (V.I.G.)
1010 Wien, Schottenring 30

Mag. Barbara Hagen-Grötschnig
Unternehmenskommunikation
Tel.: +43 (0)50 350-21027
Fax: +43 (0)50 350 99-21027
E-Mail: barbara.hagen@vig.com

Mag. Thomas Schmee
Investor Relations
Tel.: +43 (0)50 350-21900
Fax: +43 (0)50 350 99-21900
E-Mail: thomas.schmee@vig.com

Branche: Insurance
ISIN: AT0000908504
WKN: A0ET17
Index: WBI, ATX Prime, ATX
Börsen: Prague Stock Exchange / stock market
Wien / official market

Plus de actualités: Vienna Insurance Group
Plus de actualités: Vienna Insurance Group