Business development by segment

Developments in the segments Austria, Czech Republic, Slovakia, Poland, Romania, Baltic states, Hungary, Bulgaria, Turkey/Georgia, Remaining CEE, Other Markets and Central Function are discussed below. The discussion focuses on presenting business development in these segments and outlines areas of change in the various insurance markets.

Premiums written by segment

in EUR million

2016

2015

2014

1

Remaining CEE: Albania incl. Kosovo, Bosnia-Herzegovina, Croatia, Macedonia, Moldova, Serbia, Ukraine

2

Other markets: Germany, Liechtenstein

3

Central Functions include VIG Holding, VIG Re, VIG Fund, the non-profit societies, corporate IT service providers and intermediate holding companies.

Austria

3,941.32

4,055.53

4,076.99

Czech Republic

1,529.09

1,554.82

1,683.41

Slovakia

732.34

716.50

726.99

Poland

819.18

838.86

1,034.05

Romania

533.40

428.64

339.67

Baltic states

140.19

59.31

51.56

Hungary

224.23

204.26

179.98

Bulgaria

136.68

131.08

114.37

Turkey/Georgia

208.70

182.34

170.41

Remaining CEE1

331.39

307.19

293.60

Other Markets2

352.96

410.04

345.78

Central Functions3

1,324.84

1,248.91

1,289.84

Consolidation

-1,223.33

-1,117.70

-1,160.93

Total

9,050.97

9,019.76

9,145.72

Result before taxes by segment

in EUR million

2016

2015 adjusted

2014 adjusted

1

Remaining CEE: Albania incl. Kosovo, Bosnia-Herzegovina, Croatia, Macedonia, Moldova, Serbia, Ukraine

2

Other markets: Germany, Liechtenstein

3

Central Functions include VIG Holding, VIG Re, VIG Fund, the non-profit societies, corporate IT service providers and intermediate holding companies.

Austria

196.09

212.96

169.72

Czech Republic

152.77

162.99

177.87

Slovakia

48.88

51.87

59.45

Poland

1.88

20.83

53.40

Romania

3.51

-87.58

6.08

Baltic states

-11.23

-2.65

-0.70

Hungary

3.81

-22.13

2.98

Bulgaria

5.38

-2.35

2.08

Turkey/Georgia

9.00

3.21

5.70

Remaining CEE1

7.43

-25.44

11.31

Other Markets2

22.15

20.22

18.89

Central Functions3

-33.32

-284.56

-29.43

Consolidation

0.38

-0.31

0.67

Total

406.73

47.06

478.02