Group Annual Report 2017

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Highlights 2017

  • 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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“The focus is on sustainable growth

An interview with the Managing Board on the benefits of diversity, opportunities in the CEE region and first progress made through the Agenda 2020.

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An overview of
VIG’s strategy

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

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