EANS-Adhoc: VIENNA INSURANCE GROUP IN THE 1ST QUARTER OF 2013
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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/3M 2013
28.05.2013
. Profit before taxes grew to EUR 159.4 million (+ 5.2 percent)
. CEE share in the profit rose to 51.5 percent
. s Versicherung Gruppe in CEE increased profit by about 20 percent
. Premium volume of EUR 2.7 billion
. Combined ratio below 97.0 percent
Best 1st quarter in the corporate history
In the 1st quarter of 2013 Vienna Insurance Group earned consolidated premiums
written of EUR 2.7 billion. This 1.5-percent decrease is mainly due to the fact
that the short-term single premium business in Poland has been downsized
according to plan. Excluding special effects and adjusted for currency
fluctuations, Vienna Insurance Group achieved a growth of about 1.4 percent.
Premiums in the property/casualty insurance segment amounted EUR 1.5 billion.
The Group reported premiums of EUR 1.1 billion in life insurance with regular
premiums growing by 2.7 percent. Premiums in the health insurance segment went
up by 2.9 percent, totalling EUR 100.7 million.
The Group profit (before taxes) increased by 5.2 percent to EUR 159.4 million.
The share of the CEE countries in the Group profit (before taxes) rose by 15.6
percent to a total of 51.5 percent.
The combined ratio of the Group (after reinsurance and excluding investment
gains) stood at 96.9 percent.
The financial result of the Group totalled EUR 270.2 million in the 1st quarter
of 2013. As of 31 March 2013 the investments of the Group - including cash and
cash equivalents - amounted to EUR 29.6 billion.
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-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