Tous Actualités
Suivre
Abonner Vienna Insurance Group

Vienna Insurance Group

EANS-Adhoc: Vienna Insurance Group in 2009 according to IFRS: - Group premiums more than EUR 8 billion for the first time

  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.
31.03.2010
  • Profit (before taxes): EUR 441.25 million - excellent result of 2007 exceeded
  • 90 cents dividend per share proposed*
  • CEE premium share in non-life more than 60 percent
  • CEE premium share in life insurance just under 40 percent
OVERVIEW OF KEY GROUP DATA FOR 2009
For the first time, Vienna Insurance Group achieved premiums written 
(consolidated) of EUR 8.02 billion overall in the business year 2009.
This corresponds to an increase of 1.5 percent. The Group even 
achieved a plus of 4.0 Percent on a euro basis with the net earned 
premiums.
On a local currency basis, the Group premiums written showed a clear 
plus of 5.9 percent, and the net earned premiums were even increased 
by 8.5 percent.
The Group profit (before taxes, consolidated) amounted to EUR 441.25 
million in 2009. With that the Group exceeded the result of the 
outstanding year of 2007.
The combined ratio of the Group after reinsurance (excluding income 
from investments) is 96.3 percent for 2009 and could thus be clearly 
kept under the 100 percent mark.
The financial results for 2009 with EUR 929.12 million were increased
by 1.2 percent vis-à-vis 2008.
The investments of the Group amounted to EUR 25.89 billion as of 
December 31, 2009. This corresponds to a growth of 5.5 percent in 
comparison to the end of 2008.
It will be proposed to the appropriate bodies that a dividend of EUR 
0.90 per share shall be distributed. July 5, 2010 is set as the 
dividend payment date.
GROUP EMBEDDED VALUE INCREASED
The embedded value calculated according to international guidelines 
represents the value of the in-force insurance business and is 
composed of the net asset value for life, health and 
property/casualty insurance as well as the present value of future 
earnings from the in-force business in the life and health insurance.
The sustainability of the insurance business of Vienna Insurance 
Group is reflected in the fact that the Group embedded value (after 
taxes) as of the effective date of December 31, 2009 was increased by
7.5 percent to EUR 4.59 billion (2008 adjusted value: EUR 
4.26 billion). The growth of the embedded value by 15.9 percent to 
EUR 2.83 billion in Central and Eastern Europe is even more marked 
and impressively confirms the potential for value appreciation in 
this region.
The growth in embedded value, including dividend payments made, 
yields a return on Group embedded value of 15.4 percent.
The profitability of the new business represents a clear indication 
of the earnings power of the CEE countries, which was increased from 
40.0 percent to 41.7 percent of the new business premiums. However, 
there was also an increase from 24.2 percent to 25.0 percent recorded
in the region of Austria/Germany. The Group-wide efficiency programme
implemented last year had a direct impact.
B & W Deloitte GmbH, Köln has fully confirmed the Group embedded 
value of Vienna Insurance Group.
FORECAST
The management of Vienna Insurance Group confirms the forecast 
already made in January and expects a growth in profit (before taxes)
of at least ten percent and an increase of premiums in the 
single-digit percentage area.
* Proposal to the appropriate bodies
end of announcement                               euro adhoc

Further inquiry note:

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

Mag. Alexander Jedlicka
Unternehmenskommunikation
Tel.: +43 (0)50 350-21029
Fax: +43 (0)50 350 99-21029
E-Mail: alexander.jedlicka@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
  • 26.01.2010 – 08:31

    EANS-Adhoc: Vienna Insurance Group in 2009 [1]

    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. 26.01.2010 With stability through difficult times Group premiums remain at stable level of EUR 8.2 billion (plus 1.2 percent) Consolidated profit (before taxes): about EUR 440 million - excellent result of 2007 surpassed Dividend policy provides for ...

  • 10.11.2009 – 08:01

    EANS-Adhoc: Vienna Insurance Group in the 1st to 3rd 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 9M 2009 10.11.2009 - Group premiums of more than EUR 6 billion - Solid development of the result - profit (before taxes, consolidated) about EUR 340 million - Continuing growth in the CEE core markets* - Excellent capitalisation of the ...

  • 20.08.2009 – 08:02

    EANS-Adhoc: Vienna Insurance Group reports stable development in the first half of 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 6M 2009 20.08.2009 - Group premiums significantly above EUR 4 billion - Profit (before taxes) of about EUR 230 million - Double-digit growth in numerous CEE markets - Cost measures lead to ...