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, 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 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 2015 were approved for publication by a resolution of the Managing Board on 23 March 2016.

Vienna, 23 March 2016

The Managing Board

Elisabeth Stadler
General Manager,
Chairwoman of the Managing Board

Judit Havasi
Member of the Managing Board

Franz Fuchs
Member of the Managing Board

Peter Höfinger
Member of the Managing Board

Roland Gröll
Member of the Managing Board

Martin Simhandl
Member of the Managing Board

Managing Board areas of responsibility:

Elisabeth Stadler: VIG Group management, strategic matters, European matters, Group communication & marketing, sponsoring, people management, business development; country responsibilities: Austria, Czech Republic
Franz Fuchs: Performance management personal insurance, performance management motor insurance, asset risk management; Country responsibilities: Baltic States, Moldova, Poland, Ukraine
Roland Gröll: Group IT/SAP, international processes and methods; Country responsibilities: Bosnia-Herzegovina, Croatia, Macedonia, Romania
Judit Havasi: Solvency II, planning and controlling, legal; Country responsibility: Slovakia
Peter Höfinger: Corporate and large customer business, Vienna International Underwriters (VIU), reinsurance, business development; Country responsibilities: Albania (incl. Kosovo), Bulgaria, Montenegro, Serbia, Hungary, Belarus
Martin Simhandl: Asset management, subsidiaries department, finance and accounting, treasury/capital market; Country responsibilities: Germany, Georgia, Liechtenstein, Turkey