EANS-Adhoc: Vienna Insurance Group in 1st - 3rd Quarter of 2012
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Financial Figures/Balance Sheet
27.11.2012
Increase in group premiums to EUR 7.4 billion (plus 9.2 percent)
- Dynamic CEE: premiums growing by 14.1 percent
- Poland: premiums exceed one-billion-euro threshold
Group profit (before taxes): EUR 443.2 million (plus 7.0 percent)
- Significant increase in profit in CEE by 18.6 percent
Combined ratio at 96.9 percent despite severe weather damage
Vienna Insurance Group strengthens market leadership
OVERVIEW OF KEY GROUP DATA FOR THE 1ST - 3RD QUARTER OF 2012 (in accordance
with IFRS)
The steady increase in the value-added from ordinary operations is reflected
very clearly in the key data. The Group premiums grew by 9.2 percent to EUR 7.4
billion.
Group profit (before taxes) developed impressively, rising by 7.0 percent to
EUR 443.2 million. The increase in Group profit after taxes and non-controlling
interests was even more significant: it went up by 9.0 percent to EUR 341.4
million.
The contribution of the CEE markets both to the profit (51.4 percent) and
premiums (54.2 percent) exceeded 50 percent.
The combined ratio of the Group after reinsurance (excluding investment income)
reached a very good level of 96.9 percent despite severe losses caused by storm
damage.
The investments of the Group, including cash and cash equivalents, amounted to
EUR 29.9 billion as of 30 September 2012.
Increasing by 12.7 percent, the financial result totalled EUR 899.9 million.
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