Group Annual Report 2017

Wir leben
Vielfalt

Group premiums EUR 9,4 billion (+3.7%)

If adjusted for single premium life insurance, the year-on-year increase rises to 6.2%. More than half of the premium volume comes from the CEE region.
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Result before taxes EUR 442.5 million

Major 8.8% increase in profits. More than half of the profit was generated by CEE markets.
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Net combined ratio 96.7%

The combined ratio was once again significantly below the 100% mark in 2017, in spite of many adverse weather events and storm Herwart.
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VIG share price increases 21%

The clearly positive development recorded by VIG shares in 2017 underscores the successful business development achieved by the Group.
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Dividend proposal
EUR 0.90 per share

A dividend of EUR 0.90 per share will be proposed at the Annual General Meeting on 25 May 2018 to maintain our established dividend policy of distributing at least 30% of Group net profits after minority interests to shareholders.
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Earnings per share
EUR 2.23

Thereby earnings per share in 2017 were slightly higher than the previous year level (2016: EUR 2.16).
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An interview with the Managing Board on the benefits of diversity, opportunities in the CEE region and first progress made through the Agenda 2020.

VIG focuses on Austria and Central and Eastern Europe, where it offers custom-tailored, needs-appropriate products and services to its customers.