VIENNA INSURANCE GROUP AG WIENER VERSICHERUNG GRUPPE EQS-Adhoc: Vienna Insurance Group clearly exceeds earnings expectations for 2021

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17/02/2022 14:35

EQS-Ad-hoc: VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe / Key word(s): Miscellaneous
Vienna Insurance Group clearly exceeds earnings expectations for 2021

17-Feb-2022 / 14:35 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

According to preliminary results, VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe ("VIG") will clearly exceed its expectations for 2021. Based on consolidated, preliminary and not yet audited figures, premium volume will amount to EUR 11 billion. Profit before taxes will be around 510 million euros and the combined ratio will be 94.1 %.

For 2021, VIG's expectations were for a premium volume slightly above the level of 2020 (EUR 10.4 billion) and profit before taxes in a range of EUR 450 to 500 million. The target for the combined ratio was around 95%.

VIG's key figures, which are clearly above expectations, are the result of a very good performance by all operating companies in the midst of a global pandemic. The Aegon transaction has not been taken into account in the planning or in the result of 2021.

Vienna Insurance Group will publish the preliminary figures for 2021 on 8 March 2022.

Contact:
VIENNA INSURANCE GROUP
Investor Relations
1010 Vienna, Schottenring 30

Wolfgang Haas
Head of Communication & Marketing, Spokesperson of the Group
Phone: +43(0)50 390-21029
Fax: +43 (0)50 390 99-21029
E-Mail: wolfgang.haas@vig.com

Nina Higatzberger-Schwarz
Head of Investor Relations
Phone: +43 (0)50 390-21920
Fax: +43 (0)50 390 99-21920
E-Mail: nina.higatzberger@vig.com

17-Feb-2022 CET/CEST News transmitted by EQS Group AG. www.eqs.com

Language:	English
Company:	VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe
	Schottenring 30
	1010 Vienna
	Austria
Phone:	+43(0)50 390-22000
Fax:	+43(0)50 390 99-22000
E-mail:	info@vig.com
Internet:	www.vig.com
ISIN:	AT0000908504
WKN:	A0ET17
Indices:	Wiener Börse (ATX), Prager Börse (PX)
Listed:	Vienna Stock Exchange (Official Market)
EQS News ID:	1282445


End of Announcement	EQS News Service

1282445 17-Feb-2022 CET/CEST

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VIENNA INSURANCE GROUP AG WIENER VERSICHERUNG GRUPPE EQS-Adhoc: Vienna Insurance Group clearly exceeds earnings expectations for 2021

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