Vienna Insurance Group 2017 Annual General Meeting

The Managing Board gave the Annual General Meeting a review of the 2016 financial year and answered shareholders’ questions. Elisabeth Stadler, Chairwoman of the VIG Managing Board, presented the ‘Agenda 2020’ strategic work programme and the outlook until 2019. VIG aims to increase pre-tax profit to between EUR 450 mn to EUR 470 mn by 2019. The Group has retained its medium-term goal of a combined ratio of 95 percent.

The Annual General Meeting approved the proposal of the Managing and Supervisory Boards of the Vienna Insurance Group and resolved to increase the dividend from 60 to 80 cents per share. This is equivalent to a distribution of 35.6 percent of profit after tax and non-controlling interests. The Group therefore continue its long-standing dividend policy of distributing at least 30 percent of net profit.

The ex-dividend date is 17 May 2017, the record date (dividend) is 18 May 2017 and the dividend payment date is 19 May 2017.

Gabriele Semmelrock-Werzer, Member of the Managing Board of Kärntner Sparkasse, and Gerhard Fabisch, Chairman of the Steiermärkische Sparkasse Managing Board, were appointed to the Supervisory Board.

The composition of the Vienna Insurance Group Supervisory Board is now as follows:

Günter Geyer
Rudolf Ertl
Maria Kubitschek
Bernhard Backovsky
Martina Dobringer
Gerhard Fabisch
Heinz Öhler
Georg Riedl
Gabriele Semmelrock-Werzer
Gertrude Tumpel-Gugerell

The resolutions of the Annual General Meeting were passed by large majorities. Further information is available for download at http://www.vig.com/annual-general-meeting.

The video of the presentation by CEO Elisabeth Stadler at today’s Annual General Meeting will be available from around 4.00pm on the Vienna Insurance Group’s website athttp://www.vig.com/annual-general-meeting.