EANS-Adhoc: PRELIMINARY DEVELOPMENT OF VIENNA INSURANCE GROUP IN 2012 [1]
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announcement.
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Financial Figures/Balance Sheet/Preliminary Premiums 2012
24.01.2013
VIENNA INSURANCE GROUP ACHIEVES RECORD RESULT
Premiums climb to about EUR 9.9 billion (plus 9.5 percent)
- CEE share in premiums grows to about 56 percent
Profit (before taxes) totals about EUR 585 million (plus approx. 5 percent)
A STRONG DEVELOPMENT IN A CHALLENGING ENVIRONMENT
In the financial year 2012 Vienna Insurance Group earned direct, unconsolidated
premiums written of about EUR 9.9 billion, corresponding to an increase by 9.5
percent. The upward trend of premiums continued in all segments. In the life
insurance Vienna Insurance Group reported a sharp raise of 17.8 percent. Growth
has been driven by the strong demand for single-premium products, which has been
reported predominantly in Poland. Also, the Group succeeded in boosting premiums
in the property/casualty (plus 2.5 percent) as well as in the health segments
(plus 8.6 percent).
Growth on the basis of adjusted premiums (excluding special effects from the
single premium business of Benefia Life) amounts to 2.2 percent. Adjusted for
exchange rate effects, growth even exceeds 3 percent.
The projected Group profit (before taxes) is expected to amount to about EUR 585
million. This is approximately 5 percent above the prior-year level. Hence,
adjusted premium growth is surpassed by more than the double.
Despite the heavy financial burden caused by severe weather conditions, the
Group will record an excellent combined ratio of around 97 percent for the year
2012.
The dividend policy of the Group remains unchanged.
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[1] The business figures are based on preliminary data; they are unconsolidated
and unaudited. All information provided is based on euro.
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
Original content of: Vienna Insurance Group, transmitted by news aktuell