Why invest in VIG?
We are the leading insurance group in Central and Eastern Europe. “Protecting what matters” is our promise. About 30,000 employees in more than 50 insurance companies and pension funds provide the best possible protection against the risks of day-to-day life for around 32 million customers. The Group strategy is to achieve long-term profitable growth.
Number one in Central
and Eastern Europe1
Four good reasons to invest in VIG
Broad portfolio with growth potential
- Insurance solutions in the property/casualty, life and health business across 30 countries
- Over 30 years of M&A experience in the CEE region
- Organic and inorganic growth initiatives to further expand VIG's leading market position
Financial stability
- “A+” rating with stable outlook from Standard & Poor’s
- Solvency ratio of 269% in 2023
- Continuous dividend distribution every year since 1994
Proven management principles ensure customer proximity
- Local entrepreneurship for taking quick, flexible action on the market
- Multi-channel distribution to exploit all sales opportunities
- Multi-brand policy to ensure broad appeal in relation to target groups
- Conservative investment and reinsurance policies create trust
Sustainability as an integral part of the business model
- Sustainability program with a focus on six spheres of impact: Investments, underwriting, operations, employees, customers, society
- Declarations of “Responsible Investment” and “Responsible Insurance”
VIG in the 2023 Financial Year
Insurance Service Revenue
by line of business 2023
Key Figures of Vienna Insurance Group
| Income statement |
2023
|
2022 adjusted |
||
|
1 The calculation of this figure considers the interest expenses for hybrid capital. |
||||
| Gross written premiums | EUR million | 13,784.0 | 12,559.2 | |
| Insurance service revenue | EUR million | 10,921.8 | 9,737.6 | |
| Total capital investment result | EUR million | 284.3 | -12.2 | |
| Result before taxes | EUR million | 772.7 | 585.7 | |
| Net result of the period after taxes and non-controlling interests | EUR million | 559.0 | 472.3 | |
| Earnings per share1 | EUR | 4.31 | 3.63 | |
| Net Combined Ratio (P&C) | % | 92.6 | 92.8 | |
| Balance sheet | ||||
| Total capital investment portfolio | EUR million | 42,586.1 | 41,062.2 | |
| Insurance contracts liabilities issued | EUR million | 37,804.1 | 36,370.4 | |
| Consolidated shareholders' equity (incl. non-controlling interests) | EUR million | 6,029.7 | 5,713.9 | |
| Contractual Service Margin (CSM) | EUR million | 5,797.2 | 5,838.1 | |
| Total assets | EUR million | 48,753.8 | 47,217.7 | |
| Operating Return on Equity (Operating RoE) | % | 15.1 | 11.6 | |
| Solvency Ratio | % | 269 | 280 | |
profit forecast for 2024
Despite a volatile economic and geopolitical environment, the management of Vienna Insurance Group confirms its positive outlook for the 2024 financial year and expects profit before taxes at the upper end of the planned range of EUR 825 million to EUR 875 million.
VIG on the stock exchange
Dividend policy
Vienna Insurance Group lets its shareholders continuously participate in its success since its initial listing on the Vienna Stock Exchange in 1994. With regard to dividend continuity and predictability VIG aims to pay a dividend per share that is at least equal to that of the previous year and increases continuously depending on the operating earnings situation.
Dividend security
The participation of shareholders in VIG's success is a priority for us, and we have paid dividends every year without interruption since 1994.
