Vienna Insurance Group: Profit forecast 2010/211


2010:    Confirmation of the profit forecast

2011:    Increase in pre-tax profit of 10 percent expected


In today’s meeting of the supervisory board of the Vienna Insurance Group AG Wiener Versicherung Gruppe, the managing board advised that the target increase in pre-tax profit of at least 10 percent for the current business year is to be attained as planned.

The reason for this is the sustainable development of the Group in its core markets of Central and Eastern Europe as well as the effect of the group-wide measures designed to increase efficiency which are to come to a conclusion in 2010 according to plan.

The management of the Vienna Insurance Group expects this trend to continue also in 2011. Hence for 2011, pre-tax profit is expected to rise by approximately 10 percent again, with an increase in premium volume in the single-digit percentage range. This is provided there are no significant deterioration in economic and legal conditions and no dramatic developments in terms of losses from natural catastrophes.

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