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Vienna Insurance Group

VIG's net profit rose 2.81% yoy to EUR 70.3 mil in 3Q2018

By Helgi Library - December 13, 2018

Vienna Insurance Group made a net profit of EUR 70.3 mil in 2018-09-30, up 15.0% when compared to the last year. This implies a ...

VIG's Net Written Premiums rose 2.68% yoy to EUR 2,163 mil in 3Q2018

By Helgi Library - December 13, 2018

Vienna Insurance Group generated total net revenues of EUR 2,465 mil in 2018-09-30, up 0.282% when compared to the previous year. ...

VIG's Intangible Assets fell 4.08% yoy to EUR 1,971 mil in 4Q2017

By Helgi Library - December 13, 2018

Vienna Insurance Group's total assets reached EUR 51,714 mil at the end of 2017-12-31, down 0% when compared to the previous year. ...

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VIG's Equity fell 1.17% yoy to EUR 6,044 mil in 3Q2018

By Helgi Library - December 13, 2018

Vienna Insurance Group's total assets reached EUR 51,714 mil at the end of 2017-12-31, down 0% when compared to the previous year. Assets were funded mostly by under-writting provisions, which amounted to EUR 38,781 mil at the year-end, or 75.0% of assets. In additio...

VIG's net profit rose 3.41% to EUR 298 mil in 2017

By Helgi Library - March 22, 2018

Vienna Insurance Group made a net profit of EUR 298 mil under revenues of EUR 9,657 mil in 2017, up 3.41% and up 3.83% respectively when compared to the last year. Historically, the company’s net profit reached an all time high of EUR 446 mil in 2012 and an all ...

VIG's Equity rose 5.83% to EUR 6,044 mil in 2017

By Helgi Library - March 22, 2018

Vienna Insurance Group's total assets reached EUR 51,714 mil at the end of 2017, up 3.41% when compared to the previous year. Assets were funded mostly by under-writting provisions, which amounted to EUR 38,781 mil at the year-end, or 75.0% of assets. In addition, eq...

VIG's Net Written Premiums rose 3.89% to EUR 8,510 mil in 2017

By Helgi Library - March 22, 2018

Vienna Insurance Group generated total net revenues of EUR 9,657 mil in 2017, up 3.83% when compared to the previous year. Historically, the firm’s revenues reached an all time high of EUR 10,353 mil in 2012 and an all time low of EUR 3,931 mil in 2004. The aver...

VIG's Intangible Assets fell 4.08% to EUR 1,971 mil in 2017

By Helgi Library - March 22, 2018

Vienna Insurance Group's total assets reached EUR 51,714 mil at the end of 2017, up 3.41% when compared to the previous year. Investments amounted to EUR 44,994 mil, or 87.0% of total assets while reinsurance assets reached EUR 1,066 mil at the end of 2017. ...

VIG's employees rose 6.98% to 24,601 in 2016

By Helgi Library - March 22, 2018

Vienna Insurance Group employed 24,601 persons in 2016, up 6.98% when compared to the previous year. Historically, the firm's workforce hit an all time high of 25,006 persons in 2010 and an all time low of 12,347 in 2004. Average cost reached USD 2,285 per month ...

VIG's Real Estate rose 194% to EUR 5,602 mil in 2016

By Helgi Library - February 23, 2018

Vienna Insurance Group's total investments reached EUR 43,196 mil at the end of 2016, up 12.8% when compared to the previous year. Financial investments formed 78.5% of total investment portfolio at the end of 2016. Loans represented 7.86% and real est...

VIG's Acquisition Cost (As % Of Premiums) rose 3.38% to 18.4% in 2016

By Helgi Library - February 8, 2018

Vienna Insurance Group's cost to assets ratio reached 0.807% in 2016, down from 0.820% when compared to the previous year. Historically, the insurance’s costs reached an all time high of 1.53% in 2005 and an all time low of 0.800% in 2014. The average figure for ...

VIG's Combined Ratio rose 0.085% to 96.7% in 2016

By Helgi Library - March 22, 2018

Vienna Insurance Group generated total net revenues of EUR 9,301 mil in 2016, up 0.085% when compared to the previous year. Some EUR 8,191 mil, or 88.1% of the revenues came from net written premium. Gross claims reached EUR 6,753 mil in 2016, so average claims ra...

VIG's Acquisition Cost (As % Of Premiums) rose 4.39% yoy to 17.5% in 3Q2018

By Helgi Library - December 13, 2018

Vienna Insurance Group's cost to assets ratio reached 0% in 2013-03-31, down from 0% when compared to the previous year. Historically, the insurance’s costs reached an all time high of 0% in 2013-03-31 and an all time low of 0% in 2006-12-31. The average figure f...

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With a premium volume of approximately EUR 9.7 bil in 2012 and 24,000 employees, Vienna Insurance Group (VIG) is one of the leading insurance groups in Austria and Central and Eastern Europe. Similar to Erste Bank in the banking business, VIG's succesful expansion in the CEE region transformed the company from being an Austrian company into becoming the largest insurance groups in the CEE region. Today, VIG is represented by approximately 50 insurance companies in 24 countries ranging from Albania to Turkey. It earns more than 50% of its total Group premiums in the CEE region with the heaviest contribution coming from the Czech Republic, Slovakia, Poland and Romania. VIG also benefits from a strategic partnership with Erste Bank, Austria's second largest bank. Erste Bank distributes VIG insurance products, whereas VIG companies offer Erste Group banking products in return.

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