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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. ...

Profit Statement Mar 2018 Jun 2018 Sep 2018
Gross Written Premiums EUR mil 2,826 2,324 2,207
Net Written Premiums EUR mil 2,203 2,152 2,163
Total Revenues EUR mil 2,475 2,458 2,465
Expenses For Claims & Benefits EUR mil 1,738 1,720 1,738
Total Cost EUR mil 2,357 2,342 2,345
Pre-Tax Profit EUR mil 117 115 120
Net Profit EUR mil 75.5 61.1 70.3
Balance Sheet Mar 2018 Jun 2018 Sep 2018
Total Assets EUR mil 52,038 51,594 51,556
Intangible Assets EUR mil ... ... ...
Investments EUR mil ... ... ...
Reinsurance Assets EUR mil ... ... ...
Shareholders' Equity EUR mil 6,075 5,923 5,813
Liabilities EUR mil 45,963 45,671 45,743
Underwritting Provisions EUR mil ... ... ...
Ratios Mar 2018 Jun 2018 Sep 2018
ROE % 6.24 5.13 6.10
ROA % 0.582 0.472 0.545
Net Margin % 3.05 2.49 2.85
Investment Yield % ... ... ...
Cost Ratio % ... ... ...
Acquisition Cost (As % Of Premiums) % 20.1 22.5 23.1
Equity (As % Of Assets) % 11.7 11.5 11.3
Valuation Mar 2018 Jun 2018 Sep 2018

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summary Unit Mar 2006 Jun 2006 Sep 2006 Dec 2006 Mar 2007 Jun 2007 Sep 2007 Dec 2007 Mar 2008 Jun 2008 Sep 2008 Dec 2008 Mar 2009 Jun 2009 Sep 2009 Dec 2009 Mar 2010 Jun 2010 Sep 2010 Dec 2010 Mar 2011 Jun 2011 Sep 2011 Dec 2011 Mar 2012 Jun 2012 Sep 2012 Dec 2012 Mar 2013 Jun 2013 Sep 2013 Dec 2013 Mar 2014 Jun 2014 Sep 2014 Dec 2014 Mar 2015 Jun 2015 Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018
income statement                                                                                                      
Gross Written Premiums EUR mil                                                                                         2,720 2,253 2,180 2,233 2,826    
Total Revenues EUR mil                                                                                         2,430 2,337 2,422 2,467 2,475    
Total Cost EUR mil                                                                                         2,320 2,226 2,312 2,356 2,357    
Net Profit EUR mil                                                                                         69.1 77.5 68.4 82.6 75.5    
balance sheet                                                                                                      
Cash & Cash Equivalents EUR mil ... ... ...                                                     ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ... 1,498 ... ... ...
Investments EUR mil ... ... ...                                                     ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ... 44,994 ... ... ...
Reinsurance Assets EUR mil ... ... ...                                                     ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ... 1,066 ... ... ...
Total Assets EUR mil ... ... ...                                                                                   50,486 51,151 51,613 51,714 52,038    
Shareholders' Equity EUR mil ... ... ...                                                                                   5,784 5,776 5,882 6,044 6,075    
Liabilities EUR mil ... ... ...                                                                                   44,703 45,376 45,731 45,670 45,963    
Underwritting Provisions EUR mil ... ... ...                                                     ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ... 38,781 ... ... ...
ratios                                                                                                      
ROE % ... ... ... ...                                                                                 6.02 6.72 5.88 6.94 6.24    
ROA % ... ... ...                                                                                   0.550 0.610 0.532 0.640 0.582    
Net Margin %                                                                                         2.84 3.32 2.82 3.35 3.05    
Investment Yield % ... ... ...                                                     ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ... 1.71 ... ... ...
Cost Ratio %                                                           ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Acquisition Cost (As % Of Premiums) %                                                                                         19.1 22.8 22.1 23.6 20.1    
Administrative Cost (As % Of Assets) % ... ... ...                                                     ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Equity (As % Of Assets) % ... ... ...                                                                                   11.5 11.3 11.4 11.7 11.7    
valuation                                                                                                      
Number Of Shares (Average) mil ... ... ...                                                                                   128 128 128 ... ... ... ...
Share Price (End Of Period) EUR ... ... ...                                                     ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
income statement Unit Mar 2006 Jun 2006 Sep 2006 Dec 2006 Mar 2007 Jun 2007 Sep 2007 Dec 2007 Mar 2008 Jun 2008 Sep 2008 Dec 2008 Mar 2009 Jun 2009 Sep 2009 Dec 2009 Mar 2010 Jun 2010 Sep 2010 Dec 2010 Mar 2011 Jun 2011 Sep 2011 Dec 2011 Mar 2012 Jun 2012 Sep 2012 Dec 2012 Mar 2013 Jun 2013 Sep 2013 Dec 2013 Mar 2014 Jun 2014 Sep 2014 Dec 2014 Mar 2015 Jun 2015 Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018
income statement                                                                                                      
Gross Written Premiums EUR mil                                                                                         2,720 2,253 2,180 2,233 2,826    
Premiums Ceded To Reinsurers EUR mil                                                                                         567 187 73.5 49.6 623    
Net Written Premiums EUR mil                                                                                         2,153 2,066 2,107 2,184 2,203    
Financial Result EUR mil                                                                                         248 241 244 192 238    
Other Income EUR mil                                                                                         29.5 30.3 71.9 91.4 33.2    
Total Revenues EUR mil                                                                                         2,430 2,337 2,422 2,467 2,475    
Expenses For Claims & Benefits EUR mil                                                                                         1,741 1,653 1,773 1,705 1,738    
Acquisition Cost EUR mil                                                                                         518 513 483 527 568    
Administrative Cost EUR mil                                                           ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Other Cost EUR mil                                                                                         60.8 60.4 55.9 125 51.8    
Total Cost EUR mil                                                                                         2,320 2,226 2,312 2,356 2,357    
Other And Extra Cost EUR mil                                                                                         < 0.001 0 0 0 0    
Pre-Tax Profit EUR mil                                                                                         110 111 111 111 117    
Tax EUR mil                                                                                         22.0 26.3 16.7 4.94 26.3    
Minorities EUR mil                                                                                         18.6 7.11 25.6 23.7 15.5    
Net Profit EUR mil                                                                                         69.1 77.5 68.4 82.6 75.5    
growth rates                                                                                                      
Gross Written Premiums Growth % ... ... ... ...                                                                                 0.510 1.37 7.21 6.90 3.92    
Net Written Premiums Growth % ... ... ... ...                                                                                 0.703 0.604 7.09 7.45 2.33    
Total Revenues Growth % ... ... ... ...                                                                                 1.30 -0.382 8.14 6.55 1.83    
Acquisition Cost Growth % ... ... ... ...                                                                                 3.17 8.83 7.48 8.52 9.57    
Operating Cost Growth % ... ... ... ...                                                                                 0.486 -0.366 8.03 6.60 1.59    
Pre-Tax Profit Growth % ... ... ... ...                                                                                 22.4 -0.700 10.7 5.60 7.04    
Net Profit Growth % ... ... ... ...                                                                                 2.68 -9.25 1.94 21.5 9.36    
balance sheet Unit Mar 2006 Jun 2006 Sep 2006 Dec 2006 Mar 2007 Jun 2007 Sep 2007 Dec 2007 Mar 2008 Jun 2008 Sep 2008 Dec 2008 Mar 2009 Jun 2009 Sep 2009 Dec 2009 Mar 2010 Jun 2010 Sep 2010 Dec 2010 Mar 2011 Jun 2011 Sep 2011 Dec 2011 Mar 2012 Jun 2012 Sep 2012 Dec 2012 Mar 2013 Jun 2013 Sep 2013 Dec 2013 Mar 2014 Jun 2014 Sep 2014 Dec 2014 Mar 2015 Jun 2015 Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018
balance sheet                                                                                                      
Intangible Assets EUR mil ... ... ...                                                     ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ... 1,971 ... ... ...
Investments EUR mil ... ... ...                                                     ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ... 44,994 ... ... ...
Reinsurance Assets EUR mil ... ... ...                                                     ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ... 1,066 ... ... ...
Receivables EUR mil ... ... ...                                                     ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ... 1,476 ... ... ...
Cash & Cash Equivalents EUR mil ... ... ...                                                     ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ... 1,498 ... ... ...
Other Assets EUR mil ... ... ...                                                     ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ... 709 ... ... ...
Total Assets EUR mil ... ... ...                                                                                   50,486 51,151 51,613 51,714 52,038    
Equity EUR mil ... ... ...                                                                                   5,784 5,776 5,882 6,044 6,075    
Of Which Minority Interest EUR mil ... ... ...                                                                                   1,165 1,163 1,187 1,212 1,229    
Subordinated Liabilities EUR mil ... ... ...                                                     ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ... 1,459 ... ... ...
Underwritting Provisions EUR mil ... ... ...                                                     ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ... 38,781 ... ... ...
Other Provisions EUR mil ... ... ...                                                     ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ... 794 ... ... ...
Other Liabilities EUR mil ... ... ...                                                     ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ... 4,636 ... ... ...
Liabilities EUR mil ... ... ...                                                                                   44,703 45,376 45,731 45,670 45,963    
investment portfolio                                                                                                      
Real Estate EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ... ... ... ... ...
Cash And Deposits EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ... ... ... ... ...
Loans EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ... ... ... ... ...
Other EUR mil ... ... ...                                                     ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ... 44,994 ... ... ...
Total Portfolio EUR mil ... ... ...                                                     ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ... 44,994 ... ... ...
growth rates                                                                                                      
Investments Growth % ... ... ... ... ... ... ...                                             ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ... 4.16 ... ... ...
Reinsurance Assets Growth % ... ... ... ... ... ... ...                                             ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ... 8.23 ... ... ...
Total Asset Growth % ... ... ... ... ... ... ...                                                                           10.2 11.7 2.81 3.41 3.07    
Shareholders' Equity Growth % ... ... ... ... ... ... ...                                                                           23.9 23.8 -0.041 5.83 5.04    
Underwritting Provisions Growth % ... ... ... ... ... ... ...                                             ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ... 3.83 ... ... ...
ratios Unit Mar 2006 Jun 2006 Sep 2006 Dec 2006 Mar 2007 Jun 2007 Sep 2007 Dec 2007 Mar 2008 Jun 2008 Sep 2008 Dec 2008 Mar 2009 Jun 2009 Sep 2009 Dec 2009 Mar 2010 Jun 2010 Sep 2010 Dec 2010 Mar 2011 Jun 2011 Sep 2011 Dec 2011 Mar 2012 Jun 2012 Sep 2012 Dec 2012 Mar 2013 Jun 2013 Sep 2013 Dec 2013 Mar 2014 Jun 2014 Sep 2014 Dec 2014 Mar 2015 Jun 2015 Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018
ratios                                                                                                      
ROE % ... ... ... ...                                                                                 6.02 6.72 5.88 6.94 6.24    
ROA % ... ... ...                                                                                   0.550 0.610 0.532 0.640 0.582    
Net Margin %                                                                                         2.84 3.32 2.82 3.35 3.05    
Investment Yield % ... ... ...                                                     ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ... 1.71 ... ... ...
Cost Ratio %                                                           ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Acquisition Cost (As % Of Premiums Written) %                                                                                         19.1 22.8 22.1 23.6 20.1    
Administrative Cost (As % Of Assets) % ... ... ...                                                     ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Equity (As % Of Assets) % ... ... ...                                                                                   11.5 11.3 11.4 11.7 11.7    
Payout Ratio %                                                                                         0 0 0 0 0    
Revenues From Abroad (As % Of Total) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                                                 56.7 59.8 60.3 61.7 59.0    
Profit From Abroad (As % Of Total) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                                                 65.5 64.2 74.6 37.4 68.1    
other data Unit Mar 2006 Jun 2006 Sep 2006 Dec 2006 Mar 2007 Jun 2007 Sep 2007 Dec 2007 Mar 2008 Jun 2008 Sep 2008 Dec 2008 Mar 2009 Jun 2009 Sep 2009 Dec 2009 Mar 2010 Jun 2010 Sep 2010 Dec 2010 Mar 2011 Jun 2011 Sep 2011 Dec 2011 Mar 2012 Jun 2012 Sep 2012 Dec 2012 Mar 2013 Jun 2013 Sep 2013 Dec 2013 Mar 2014 Jun 2014 Sep 2014 Dec 2014 Mar 2015 Jun 2015 Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018
other data                                                                                                      
Revenues From Abroad EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                                                 1,379 1,398 1,460 1,521 1,460    
Pre-Tax Profit From Abroad EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                                                 71.8 71.2 82.6 41.6 79.9    
Life Insurance Premium EUR mil ... ... ... ...                                                               ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Non-Life Insurance Premium EUR mil ... ... ... ...                                                               ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Health Care Insurance Premium EUR mil ... ... ... ...                                                               ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Property / Casualty Insurance Premium EUR mil ... ... ... ...                                                               ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Pre-Tax Technical Profit From Life Insurance EUR mil ... ... ... ...                                                               ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Pre-Tax Technical Profit From Non-Life Insurance EUR mil ... ... ... ...                                                               ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Pre-Tax Profit From Health Care Insurance EUR mil ... ... ... ...                                                               ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Pre-Tax Profit From Property Insurance EUR mil ... ... ... ...                                                               ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...

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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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