VIG continued its upward trend

Vienna Insurance Group continued its upward trend in the third quarter of 2018 and strengthens its market position

Date of publication: 07.12.2018

Premiums improved up by +2.9 percent to around EUR 7.4 billion, result (before taxes) increased by +6.4 percent to EUR 352.3 million and combined ratio improved significantly to 96.3 percent

Vienna Insurance Group (VIG) continued its stable upward trend in the first three quarters of 2018, achieving a further improvement in key figures. “This positive business development makes us highly confident about achieving our targets for 2018. We continue to aim for a premium volume of EUR 9.5 billion and a result before taxes in the range of EUR 450 to 470 million in 2018. Our steady upward trend and broad risk diversification across countries also give us the financial foundation needed to remain fit for the future. This is also demonstrated by the A+ rating with stable outlook that was confirmed by Standard & Poor’s again in the third quarter of 2018 for our solid financial position and high capital strength”, stated Elisabeth Stadler, General Manager of Vienna Insurance Group.

We are proud to be a part of the biggest insurance groupe in Austria and CEE, which continiuously marks a stable growth and stronger market position!