18.11.2014, 2435 Zeichen

ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.

Financial Figures/Balance Sheet/9M 2014 18.11.2014
· Profit increases 36.4% to EUR 430.8 million
· Earnings per share grow by 65.5% to EUR 3.26
· Premiums stable at around EUR 7.0 billion
· Combined ratio reduced to a very good 97.2%
Vienna Insurance Group recorded very good business development in the first three quarters of 2014. Premiums were around EUR 7.0 billion, remaining at the level of the previous year in spite of significant negative exchange rate effects. When adjusted for these effects, premiums increased by 1.7 percent.
The solid performance by Group companies is shown by the major increase of 36.4% in profit (before taxes) to EUR 430.8 million. Net profit after minorities rose even more sharply by 50.7 percent to EUR 327.7 million and earnings per share even grew by 65.5 percent to EUR 3.26. Profit (before taxes) rose 9.5 percent in CEE markets, and even 14.2 percent when adjusted for exchange rate effects. In total, Group companies in the CEE region generated 56.7 percent, again more than half of the Group's profits. It was particularly gratifying that all of the markets in the region reported positive results (with the exception of Bosnia-Herzegovina, due to major natural disaster claims).
The good performance is also shown in the combined ratio development, falling 3.5 percentage points year-on-year to a very good 97.2 percent in the 3rd quarter of 2014. Vienna Insurance Group was able to achieve this major improvement in spite of the ongoing conservative reserving policy for Donau Versicherung's Italian business and the resulting negative effects this brings.
The Group financial result was EUR 844.1 million, and Vienna Insurance Group investments (including cash and cash equivalents) were around EUR 31.1 billion (as of 30 September 2014).
end of announcement euro adhoc
issuer: Vienna Insurance Group Schottenring 30 A-1010 Wien phone: +43(0)50 390-21919 FAX: +43(0)50 390 99-23303 mail: investor.relations@vig.com WWW: www.vig.com sector: Insurance ISIN: AT0000908504 indexes: WBI, ATX Prime, ATX

stockmarkets: official market: Wien, stock market: Prague Stock Exchange language: English
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