Declaration by the Managing Board

We declare to the best of our knowledge that the consolidated financial statements prepared in accordance with applicable accounting standards give a true and fair view of the Group’s net assets, financial position and results of operations, that the Group management report presents the business development, result and position of the Group so as to give a true and fair view of its net assets, financial position and results of operations, and that the Group management report provides a description of the principal risks and uncertainties to which the Group is exposed.

The declaration for the annual financial statements of Vienna Insurance Group AG Wiener Versicherung Gruppe is issued in the annual report of this company.

The consolidated financial statements for financial year 2017 were approved for publication by a resolution of the Managing Board on 19 March 2018.

Vienna, 19 March 2018

The Managing Board:

Elisabeth Stadler
General Manager,
Chair of the Managing Board

Franz Fuchs
Member of the Managing Board

Judit Havasi
Member of the Managing Board

Liane Hirner
Member of the Managing Board

Peter Höfinger
Member of the Managing Board

Martin Simhandl
CFO, Member of the Managing Board

Managing Board areas of responsibility:
Elisabeth Stadler: Management of the VIG Group, Strategic Questions, European Affairs, Group Communication & Marketing, Group Sponsoring, Human Resources, Group Development and Strategy; Country responsibilities: Austria, Czech Republic
Franz Fuchs: Performance management personal and motor vehicle insurance, Asset-Risk Management; Country responsibilities: Baltic states, Moldova, Poland, Ukraine
Judit Havasi: Planning & Controlling, Legal department, Group IT, Data Management & Processes; Country responsibilities: Slovakia, Romania
Liane Hirner: Finance and accounting
Peter Höfinger: Corporate and large customer business, Vienna International Underwriters (VIU), Reinsurance; Country responsibilities: Albania (incl. Kosovo), Belarus, Bosnia-Herzegovina, Bulgaria, Croatia, Hungary, Macedonia, Montenegro, Serbia
Martin Simhandl: Asset Management, Affiliated companies department, Treasury/Capital Market; Country responsibilities: Germany, Georgia, Liechtenstein, Turkey

The Managing Board as a whole is responsible for enterprise risk management, general secretariat, the Group actuarial department, Group compliance, internal audit and investor relations.