By Helgi Library - December 13, 2018
Vienna Insurance Group made a net profit of EUR 70.3 mil in 2018-09-30, up 15.0% when compared to the last year. This implies a ...
By Helgi Library - December 13, 2018
Vienna Insurance Group made a net profit of EUR 70.3 mil in 2018-09-30, up 15.0% when compared to the last year. This implies a ...
By Helgi Library - December 13, 2018
Vienna Insurance Group generated total net revenues of EUR 2,465 mil in 2018-09-30, up 0.282% when compared to the previous year. ...
| Profit Statement | 2015 | 2016 | 2017 | |
| Gross Written Premiums | EUR mil | 9,020 | 9,051 | 9,386 |
| Net Written Premiums | EUR mil | 8,181 | 8,191 | 8,510 |
| Total Revenues | EUR mil | 9,371 | 9,301 | 9,657 |
| Expenses For Claims & Benefits | EUR mil | 6,749 | 6,753 | 6,873 |
| Total Cost | EUR mil | 9,324 | 8,894 | 9,214 |
| Pre-Tax Profit | EUR mil | 47.1 | 407 | 443 |
| Net Profit | EUR mil | -20.6 | 288 | 298 |
| Dividends | EUR mil | 76.8 | 102 | 115 |
| Balance Sheet | 2015 | 2016 | 2017 | |
| Total Assets | EUR mil | 44,490 | 50,008 | 51,714 |
| Intangible Assets | EUR mil | 1,989 | 2,055 | 1,971 |
| Investments | EUR mil | 38,286 | 43,196 | 44,994 |
| Reinsurance Assets | EUR mil | 1,031 | 985 | 1,066 |
| Shareholders' Equity | EUR mil | 4,414 | 5,711 | 6,044 |
| Liabilities | EUR mil | 40,075 | 44,297 | 45,670 |
| Underwritting Provisions | EUR mil | 35,922 | 37,350 | 38,781 |
| Ratios | 2015 | 2016 | 2017 | |
| ROE | % | -0.437 | 6.49 | 6.33 |
| ROA | % | -0.046 | 0.609 | 0.585 |
| Net Margin | % | -0.220 | 3.09 | 3.08 |
| Investment Yield | % | 2.72 | 2.22 | 2.05 |
| Combined Ratio | % | 96.6 | 96.7 | ... |
| Claims Ratio | % | 78.8 | 78.3 | ... |
| Cost Ratio | % | 24.1 | 25.0 | ... |
| Acquisition Cost (As % Of Premiums) | % | 17.8 | 18.4 | ... |
| Equity (As % Of Assets) | % | 9.92 | 11.4 | 11.7 |
| Valuation | 2015 | 2016 | 2017 | |
| Price/Earnings (P/E) | ... | 9.47 | 11.1 | |
| Price/Book Value (P/BV) | 0.733 | 0.477 | 0.546 | |
| Dividend Yield | % | 2.37 | 3.76 | 3.49 |
| Earnings Per Share (EPS) | EUR | -0.161 | 2.25 | 2.32 |
| Book Value Per Share | EUR | 34.5 | 44.6 | 47.2 |
| Dividend Per Share | EUR | 0.600 | 0.800 | 0.900 |
Get all company financials in excel:
| summary | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | |||||||||||||||||||
| Gross Written Premiums | EUR mil | ... | ... | ... | ... | 8,851 | 9,681 | 9,219 | 9,146 | 9,020 | |||||||||
| Total Revenues | EUR mil | 9,170 | 10,353 | 9,850 | 9,596 | 9,371 | |||||||||||||
| Total Cost | EUR mil | ... | ... | ... | ... | 8,611 | 9,765 | 9,495 | 9,078 | 9,324 | |||||||||
| Net Profit | EUR mil | 407 | 446 | 234 | 367 | -20.6 | |||||||||||||
| balance sheet | |||||||||||||||||||
| Cash & Cash Equivalents | EUR mil | ... | ... | ... | ... | 568 | 772 | 720 | 782 | 1,101 | |||||||||
| Investments | EUR mil | ... | ... | ... | ... | 33,588 | 35,907 | 35,801 | 38,102 | 38,286 | |||||||||
| Reinsurance Assets | EUR mil | ... | ... | ... | ... | 1,117 | 1,034 | 1,028 | 1,106 | 1,031 | |||||||||
| Total Assets | EUR mil | ... | ... | ... | ... | 39,770 | 42,336 | 41,939 | 44,425 | 44,490 | |||||||||
| Shareholders' Equity | EUR mil | ... | ... | ... | ... | 5,050 | 5,752 | 4,967 | 5,283 | 4,414 | |||||||||
| Liabilities | EUR mil | ... | ... | ... | ... | 34,720 | 36,585 | 36,972 | 39,142 | 40,075 | |||||||||
| Underwritting Provisions | EUR mil | ... | ... | ... | ... | 29,322 | 32,061 | 32,470 | 35,282 | 35,922 | |||||||||
| ratios | |||||||||||||||||||
| ROE | % | ... | ... | ... | ... | ... | 8.78 | 8.89 | 4.59 | 7.41 | -0.437 | ||||||||
| ROA | % | ... | ... | ... | ... | 1.03 | 1.09 | 0.556 | 0.849 | -0.046 | |||||||||
| Net Margin | % | 4.44 | 4.31 | 2.38 | 3.82 | -0.220 | |||||||||||||
| Investment Yield | % | ... | ... | ... | ... | 2.77 | 3.45 | 3.43 | 2.93 | 2.72 | |||||||||
| Combined Ratio | % | ... | ... | ... | ... | 94.0 | 95.9 | 100 | 98.7 | 96.6 | ... | ||||||||
| Claims Ratio | % | ... | ... | ... | ... | 78.2 | 80.7 | 82.4 | 80.6 | 78.8 | ... | ||||||||
| Cost Ratio | % | ... | ... | ... | ... | 21.6 | 20.2 | 23.3 | 24.0 | 24.1 | ... | ||||||||
| Acquisition Cost (As % Of Premiums) | % | ... | ... | ... | ... | 15.8 | 15.2 | 17.7 | 18.2 | 17.8 | ... | ||||||||
| Administrative Cost (As % Of Assets) | % | ... | ... | ... | ... | 0.883 | 0.846 | 0.817 | 0.800 | 0.820 | ... | ||||||||
| Equity (As % Of Assets) | % | ... | ... | ... | ... | 12.7 | 13.6 | 11.8 | 11.9 | 9.92 | |||||||||
| Life Insurance (As % Of Total Premium) | % | ... | ... | ... | ... | 44.6 | 47.7 | ... | ... | ... | |||||||||
| Non-Life Insurance (As % Of Total Premium) | % | ... | ... | ... | ... | 55.8 | 52.3 | ... | ... | ... | |||||||||
| valuation | |||||||||||||||||||
| Market Capitalisation (End Of Period) | USD mil | ... | ... | ... | 5,080 | 6,820 | 6,392 | 5,745 | 3,524 | ||||||||||
| Number Of Shares (Average) | mil | ... | ... | ... | 128 | 128 | 128 | 128 | 128 | ||||||||||
| Share Price (End Of Period) | EUR | ... | ... | ... | 30.6 | 40.4 | 36.2 | 37.1 | 25.3 | ||||||||||
| Earnings Per Share (EPS) | EUR | ... | ... | ... | 3.18 | 3.49 | 1.83 | 2.87 | -0.161 | ||||||||||
| Book Value Per Share | EUR | ... | ... | ... | ... | 39.5 | 44.9 | 38.8 | 41.3 | 34.5 | |||||||||
| Dividend Per Share | EUR | ... | ... | ... | 1.10 | 1.20 | 1.30 | 1.40 | 0.600 | ||||||||||
| Price/Earnings (P/E) | ... | ... | ... | 9.64 | 11.6 | 19.8 | 12.9 | ... | |||||||||||
| Price/Book Value (P/BV) | ... | ... | ... | ... | 0.776 | 0.898 | 0.934 | 0.898 | 0.733 | ||||||||||
| Dividend Yield | % | ... | ... | ... | 3.59 | 2.97 | 3.59 | 3.78 | 2.37 | ||||||||||
| Earnings Per Share Growth | % | ... | ... | ... | ... | 7.09 | 9.70 | -47.5 | 56.5 | -106 | |||||||||
| Book Value Per Share Growth | % | ... | ... | ... | ... | ... | 0.391 | 13.9 | -13.7 | 6.38 | -16.4 |
| income statement | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | |||||||||||||||||||
| Gross Written Premiums | EUR mil | ... | ... | ... | ... | 8,851 | 9,681 | 9,219 | 9,146 | 9,020 | |||||||||
| Premiums Ceded To Reinsurers | EUR mil | ... | ... | ... | ... | 728 | 684 | 740 | 792 | 839 | |||||||||
| Net Written Premiums | EUR mil | ... | ... | ... | ... | 8,123 | 8,997 | 8,479 | 8,354 | 8,181 | |||||||||
| Financial Result | EUR mil | ... | ... | ... | ... | 932 | 1,241 | 1,227 | 1,117 | 1,040 | |||||||||
| Other Income | EUR mil | ... | ... | ... | ... | 115 | 115 | 144 | 125 | 150 | |||||||||
| Total Revenues | EUR mil | 9,170 | 10,353 | 9,850 | 9,596 | 9,371 | |||||||||||||
| Expenses For Claims & Benefits | EUR mil | ... | ... | ... | ... | 6,536 | 7,590 | 7,211 | 6,920 | 6,749 | |||||||||
| Of Which Reinsurers' Share | EUR mil | ... | ... | ... | ... | 384 | 221 | 387 | 448 | 359 | ... | ||||||||
| Acquisition Cost | EUR mil | ... | ... | ... | ... | 1,403 | 1,468 | 1,630 | 1,663 | 1,605 | ... | ||||||||
| Administrative Cost | EUR mil | ... | ... | ... | ... | 350 | 347 | 344 | 345 | 365 | ... | ||||||||
| Other Cost | EUR mil | ... | ... | ... | ... | 322 | 360 | 418 | 283 | 727 | ... | ||||||||
| Total Cost | EUR mil | ... | ... | ... | ... | 8,611 | 9,765 | 9,495 | 9,078 | 9,324 | |||||||||
| Other And Extra Cost | EUR mil | ... | ... | ... | ... | 0 | 0 | 0 | 0 | 0 | |||||||||
| Pre-Tax Profit | EUR mil | ... | ... | ... | ... | 559 | 587 | 355 | 518 | 47.1 | |||||||||
| Tax | EUR mil | ... | ... | ... | ... | 117 | 120 | 98.8 | 127 | 61.8 | |||||||||
| Minorities | EUR mil | ... | ... | ... | ... | 35.2 | 21.1 | 22.0 | 24.6 | 5.82 | |||||||||
| Net Profit | EUR mil | 407 | 446 | 234 | 367 | -20.6 | |||||||||||||
| Dividends | EUR mil | ... | ... | ... | 141 | 154 | 166 | 179 | 76.8 | ||||||||||
| growth rates | |||||||||||||||||||
| Gross Written Premiums Growth | % | ... | ... | ... | ... | ... | 3.00 | 9.38 | -4.77 | -0.790 | -1.38 | ||||||||
| Net Written Premiums Growth | % | ... | ... | ... | ... | ... | 3.34 | 10.8 | -5.75 | -1.48 | -2.07 | ||||||||
| Total Revenues Growth | % | ... | 1.09 | 12.9 | -4.86 | -2.58 | -2.35 | ||||||||||||
| Gross Claims Growth | % | ... | ... | ... | ... | ... | -1.25 | 12.9 | -2.74 | -3.02 | -78.2 | ... | |||||||
| Acquisition Cost Growth | % | ... | ... | ... | ... | ... | 0.147 | 4.63 | 11.1 | 2.00 | ... | ... | ... | ||||||
| Administrative Cost Growth | % | ... | ... | ... | ... | ... | -2.59 | -0.791 | -0.888 | 0.409 | 5.57 | ... | |||||||
| Operating Cost Growth | % | ... | ... | ... | ... | ... | 0.561 | 13.4 | -2.77 | -4.39 | 2.71 | ||||||||
| Pre-Tax Profit Growth | % | ... | ... | ... | ... | ... | 10.1 | 5.08 | -39.5 | 46.0 | -90.9 | ||||||||
| Net Profit Growth | % | ... | 7.09 | 9.70 | -47.5 | 56.5 | -106 |
| balance sheet | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| balance sheet | |||||||||||||||||||
| Intangible Assets | EUR mil | ... | ... | ... | ... | 2,382 | 2,410 | 2,318 | 2,370 | 1,989 | |||||||||
| Investments | EUR mil | ... | ... | ... | ... | 33,588 | 35,907 | 35,801 | 38,102 | 38,286 | |||||||||
| Reinsurance Assets | EUR mil | ... | ... | ... | ... | 1,117 | 1,034 | 1,028 | 1,106 | 1,031 | |||||||||
| Receivables | EUR mil | ... | ... | ... | ... | 1,582 | 1,657 | 1,562 | 1,502 | 1,392 | |||||||||
| Cash & Cash Equivalents | EUR mil | ... | ... | ... | ... | 568 | 772 | 720 | 782 | 1,101 | |||||||||
| Other Assets | EUR mil | ... | ... | ... | ... | 532 | 557 | 510 | 564 | 690 | |||||||||
| Total Assets | EUR mil | ... | ... | ... | ... | 39,770 | 42,336 | 41,939 | 44,425 | 44,490 | |||||||||
| Equity | EUR mil | ... | ... | ... | ... | 5,050 | 5,752 | 4,967 | 5,283 | 4,414 | |||||||||
| Of Which Minority Interest | EUR mil | ... | ... | ... | ... | 419 | 346 | 171 | 173 | 112 | |||||||||
| Subordinated Liabilities | EUR mil | ... | ... | ... | ... | 531 | 538 | 1,030 | 920 | 1,280 | |||||||||
| Underwritting Provisions | EUR mil | ... | ... | ... | ... | 29,322 | 32,061 | 32,470 | 35,282 | 35,922 | |||||||||
| Other Provisions | EUR mil | ... | ... | ... | ... | 559 | 432 | 612 | 709 | 663 | |||||||||
| Other Liabilities | EUR mil | ... | ... | ... | ... | 4,308 | 3,554 | 2,860 | 2,231 | 2,210 | |||||||||
| Liabilities | EUR mil | ... | ... | ... | ... | 34,720 | 36,585 | 36,972 | 39,142 | 40,075 | |||||||||
| investment portfolio | |||||||||||||||||||
| Real Estate | EUR mil | ... | ... | ... | ... | 4,417 | 3,220 | 2,679 | 1,851 | 1,908 | ... | ||||||||
| Cash And Deposits | EUR mil | ... | ... | ... | ... | 25,612 | 28,690 | 28,033 | 31,890 | 32,261 | ... | ||||||||
| Equities And Derivatives | EUR mil | ... | ... | ... | ... | 121 | 368 | 556 | 305 | 320 | ... | ||||||||
| Loans | EUR mil | ... | ... | ... | ... | 3,438 | 3,628 | 4,532 | 4,055 | 3,798 | ... | ||||||||
| Other | EUR mil | ... | ... | ... | ... | 0 | 0 | 0 | 0 | 0 | |||||||||
| Total Portfolio | EUR mil | ... | ... | ... | ... | 33,588 | 35,907 | 35,801 | 38,102 | 38,286 | |||||||||
| growth rates | |||||||||||||||||||
| Investments Growth | % | ... | ... | ... | ... | ... | -0.148 | 6.90 | -0.294 | 6.43 | 0.484 | ||||||||
| Reinsurance Assets Growth | % | ... | ... | ... | ... | ... | -0.084 | -7.40 | -0.574 | 7.52 | -6.78 | ||||||||
| Total Asset Growth | % | ... | ... | ... | ... | ... | 0.752 | 6.45 | -0.940 | 5.93 | 0.145 | ||||||||
| Shareholders' Equity Growth | % | ... | ... | ... | ... | ... | 0.391 | 13.9 | -13.7 | 6.38 | -16.4 | ||||||||
| Underwritting Provisions Growth | % | ... | ... | ... | ... | ... | 0.260 | 9.34 | 1.28 | 8.66 | 1.81 |
| ratios | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| ratios | |||||||||||||||||||
| ROE | % | ... | ... | ... | ... | ... | 8.78 | 8.89 | 4.59 | 7.41 | -0.437 | ||||||||
| ROA | % | ... | ... | ... | ... | 1.03 | 1.09 | 0.556 | 0.849 | -0.046 | |||||||||
| Net Margin | % | 4.44 | 4.31 | 2.38 | 3.82 | -0.220 | |||||||||||||
| Investment Yield | % | ... | ... | ... | ... | 2.77 | 3.45 | 3.43 | 2.93 | 2.72 | |||||||||
| Combined Ratio | % | ... | ... | ... | ... | 94.0 | 95.9 | 100 | 98.7 | 96.6 | ... | ||||||||
| Claims Ratio | % | ... | ... | ... | ... | 78.2 | 80.7 | 82.4 | 80.6 | 78.8 | ... | ||||||||
| Cost Ratio | % | ... | ... | ... | ... | 21.6 | 20.2 | 23.3 | 24.0 | 24.1 | ... | ||||||||
| Acquisition Cost (As % Of Premiums Written) | % | ... | ... | ... | ... | 15.8 | 15.2 | 17.7 | 18.2 | 17.8 | ... | ||||||||
| Administrative Cost (As % Of Assets) | % | ... | ... | ... | ... | 0.883 | 0.846 | 0.817 | 0.800 | 0.820 | ... | ||||||||
| Equity (As % Of Assets) | % | ... | ... | ... | ... | 12.7 | 13.6 | 11.8 | 11.9 | 9.92 | |||||||||
| Payout Ratio | % | ... | ... | ... | 34.6 | 34.4 | 71.0 | 48.9 | -373 | ||||||||||
| Employees | 24,902 | 24,086 | 23,362 | 23,360 | 22,995 | ... | |||||||||||||
| Cost Per Employee | USD per month | ... | ... | ... | ... | 2,704 | 2,525 | 2,856 | 2,724 | 2,465 | ... | ||||||||
| Cost Per Employee (Local Currency) | EUR per month | ... | ... | ... | ... | 1,944 | 1,964 | 2,151 | 2,114 | 2,150 | ... | ||||||||
| Staff Cost (As % Of Total Cost) | % | ... | ... | ... | ... | 6.75 | 5.81 | 6.35 | 6.53 | 6.36 | ... | ||||||||
| Revenues From Abroad (As % Of Total) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 57.5 | 56.7 | ||
| Profit From Abroad (As % Of Total) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 67.3 | -353 | ||
| Life Insurance (As % Of Total Premium) | % | ... | ... | ... | ... | 44.6 | 47.7 | ... | ... | ... | |||||||||
| Non-Life Insurance (As % Of Total Premium) | % | ... | ... | ... | ... | 55.8 | 52.3 | ... | ... | ... | |||||||||
| Health Care Insurance (As % Of Total Premium) | % | ... | ... | ... | ... | 4.07 | 4.04 | ... | ... | ... | |||||||||
| Property Insurance (As % Of Total Premium) | % | ... | ... | ... | ... | 51.7 | 48.3 | ... | ... | ... |
| other data | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| other data | |||||||||||||||||||
| Revenues From Abroad | EUR mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 5,519 | 5,315 | ||
| Pre-Tax Profit From Abroad | EUR mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 349 | -166 | ||
| Life Insurance Premium | EUR mil | ... | ... | ... | ... | 3,944 | 4,621 | ... | ... | ... | |||||||||
| Non-Life Insurance Premium | EUR mil | ... | ... | ... | ... | 4,939 | 5,065 | ... | ... | ... | |||||||||
| Health Care Insurance Premium | EUR mil | ... | ... | ... | ... | 360 | 392 | ... | ... | ... | |||||||||
| Property / Casualty Insurance Premium | EUR mil | ... | ... | ... | ... | 4,579 | 4,673 | ... | ... | ... | |||||||||
| Pre-Tax Technical Profit From Life Insurance | EUR mil | ... | ... | ... | ... | 240 | 226 | ... | ... | 146 | |||||||||
| Pre-Tax Technical Profit From Non-Life Insurance | EUR mil | ... | ... | ... | ... | 319 | 362 | ... | ... | ... | |||||||||
| Pre-Tax Profit From Health Care Insurance | EUR mil | ... | ... | ... | ... | 47.7 | 31.2 | ... | ... | 50.5 | |||||||||
| Pre-Tax Profit From Property Insurance | EUR mil | ... | ... | ... | ... | 272 | 330 | ... | ... | ... |
Get all company financials in excel:
By Helgi Library - December 13, 2018
Vienna Insurance Group generated total net revenues of EUR 2,465 mil in 2018-09-30, up 0.282% when compared to the previous year. Historically, the firm’s revenues reached an all time high of EUR 2,757 mil in 2012-06-30 and an all time low of EUR 1,592 mil in 2007-0...
By Helgi Library - December 13, 2018
Vienna Insurance Group's total assets reached EUR 51,714 mil at the end of 2017-12-31, down 0% when compared to the previous year. Investments amounted to EUR 44,994 mil, or 87.0% of total assets while reinsurance assets reached EUR 1,066 mil at the end of 2017-12...
By Helgi Library - December 13, 2018
Vienna Insurance Group's total assets reached EUR 51,714 mil at the end of 2017-12-31, down 0% when compared to the previous year. Assets were funded mostly by under-writting provisions, which amounted to EUR 38,781 mil at the year-end, or 75.0% of assets. In additio...
By Helgi Library - December 13, 2018
Vienna Insurance Group's total assets reached EUR 51,714 mil at the end of 2017-12-31, down 0% when compared to the previous year. Investments amounted to EUR 44,994 mil, or 87.0% of total assets while reinsurance assets reached EUR 1,066 mil at the end of 2017-12...
By Helgi Library - December 13, 2018
Vienna Insurance Group's total assets reached EUR 51,714 mil at the end of 2017-12-31, down 0% when compared to the previous year. Assets were funded mostly by under-writting provisions, which amounted to EUR 38,781 mil at the year-end, or 75.0% of assets. In additio...
By Helgi Library - March 22, 2018
Vienna Insurance Group made a net profit of EUR 298 mil under revenues of EUR 9,657 mil in 2017, up 3.41% and up 3.83% respectively when compared to the last year. Historically, the company’s net profit reached an all time high of EUR 446 mil in 2012 and an all ...
By Helgi Library - March 22, 2018
Vienna Insurance Group made a net profit of EUR 298 mil under revenues of EUR 9,657 mil in 2017, up 3.41% and up 3.83% respectively when compared to the last year. Historically, the company’s net profit reached an all time high of EUR 446 mil in 2012 and an all ...
By Helgi Library - March 22, 2018
Vienna Insurance Group's total assets reached EUR 51,714 mil at the end of 2017, up 3.41% when compared to the previous year. Assets were funded mostly by under-writting provisions, which amounted to EUR 38,781 mil at the year-end, or 75.0% of assets. In addition, eq...
By Helgi Library - March 22, 2018
Vienna Insurance Group's total assets reached EUR 51,714 mil at the end of 2017, up 3.41% when compared to the previous year. Assets were funded mostly by under-writting provisions, which amounted to EUR 38,781 mil at the year-end, or 75.0% of assets. In addition, eq...
By Helgi Library - March 22, 2018
Vienna Insurance Group generated total net revenues of EUR 9,657 mil in 2017, up 3.83% when compared to the previous year. Historically, the firm’s revenues reached an all time high of EUR 10,353 mil in 2012 and an all time low of EUR 3,931 mil in 2004. The aver...
With a premium volume of approximately EUR 9.7 bil in 2012 and 24,000 employees, Vienna Insurance Group (VIG) is one of the leading insurance groups in Austria and Central and Eastern Europe. Similar to Erste Bank in the banking business, VIG's succesful expansion in the CEE region transformed the company from being an Austrian company into becoming the largest insurance groups in the CEE region. Today, VIG is represented by approximately 50 insurance companies in 24 countries ranging from Albania to Turkey. It earns more than 50% of its total Group premiums in the CEE region with the heaviest contribution coming from the Czech Republic, Slovakia, Poland and Romania. VIG also benefits from a strategic partnership with Erste Bank, Austria's second largest bank. Erste Bank distributes VIG insurance products, whereas VIG companies offer Erste Group banking products in return.
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