EANS-News

Vienna Insurance Group right on track in the first half of 2018 Clear improvement in all key figures - ATTACHMENT

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Financial Figures/Balance Sheet

Vienna -

* Premiums rise by +3.6 percent to around EUR 5.2 billion
* Result (before taxes) up by +5.5 percent to around EUR 233 million, in spite
of impairment in Romania
* Combined ratio further improved by -0.6 percentage points to 96.3 percent

Vienna Insurance Group's (VIG) half-year results for 2018 show further
improvement in key figures. "Stable, reliable and fit for the future is a brief
summary of our goals. We have achieved a very stable upward development for two
and a half years. The steady improvement in key figures shows we are reliable
and the targets originally planned for 2019 have already been brought forward to
this year. We are systematically using our "Agenda 2020" management programme to
remain fit for the future. In addition to this year's focus on expanding bank
distribution, the "Agenda 2020" programme is also currently looking at
increasing data by processing using artificial intelligence. In this respect,
new project in Poland has just been started", summarised Elisabeth Stadler, CEO
of Vienna Insurance Group, at the end of the first half of 2018.


Significant increase in premiums
VIG generated EUR 5,150.3 million in Group premiums, representing an increase of
+3.6 percent compared to the previous year. Excluding a further decrease in the
single-premium life business, the increase was a solid +5.7 percent. All of
VIG's business segments contributed to the significant increase in premiums.
Similarly, except for single-premium life insurance, premiums increased in all
lines of business, especially in non-life and health insurance. Poland, in
particular, achieved very satisfying double-digit growth in the non-life
business. The Baltic States recorded a +18.8 percent increase in total premium
volume. This was the result of generally very positive performance in all lines
of business, especially motor insurance. Croatia (+18.3 percent) and Serbia
(Wiener Städtische Osiguranje +11.6 percent), which belong to the Remaining CEE
segment, also recorded double-digit growth rates. Premium volume increased to
EUR 2,170.0 million in Austria, in spite of a continued restrictive underwriting
policy in the single-premium business. When adjusted for single premium
business, premiums increased by +1.3 percent.