The Czech Group companies of VIG include Kooperativa, ČPP and PČS. Although VIG RE, the Group's reinsurance company, is also based in the Czech Republic, it is assigned to the "Central Functions" segment.

VIG is the market leader in the Czech Republic with a market share of 32.3%. In addition to holding first place in life insurance, it has also been number one in non-life insurance since the middle of 2012. The Czech companies contribute 18.5% of VIG's total premium volume, the largest share outside of Austria.

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Kooperativa

Member of VIG since:

1990

Area of operations:

Life and Non-life

Employees:

approx. 3,770

Market position:

2nd place

Market share:

approx. 21%

Offices:

approx. 260

Kooperativa was established in 1990, and with a market share of 21% is now the second largest insurance company in the Czech Republic and the largest VIG company outside of Austria. The company offers comprehensive insurance solutions in both the life and non-life segments – whether for individuals or corporate customers, ranging from small to large industrial companies.

Kooperativa once again received the award for the best financial services company in the country in the renowned 2012 "Czech 100 Best" competition. In the total rating across all sectors, Kooperativa moved up from its position in the previous year (fourth place) to an outstanding third place. Since 1996, the Pan European Society for Culture, Education, Scientific & Technical Co-operation “Comenius” has awarded Czech companies for outstanding performance. The ranking of the top 100 companies is based on responses from more than 20,000 survey participants.

In addition Kooperativa received the "Zlatá koruna" ("Golden Crown") award for its "OPTIMUM" homeowner and household insurance in the categorie "Product innovation of the year".

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ČPP

Member of VIG since:

2005

Areas of operations:

Life and Non-life

Employees:

approx. 780

Market position:

7th place

Market share:

approx. 5%

Offices:

approx. 320

ČPP has more than 780 employees in approximately 320 branch offices serving the life and non-life insurance needs of its customers. The company is an expert in motor vehicle insurance and is the third-largest provider of liability insurance in the Czech market.

In order to counter rising losses due to weather events, ČPP expanded the base coverage of its "DOMEX" property and liability insurance product to cover storms and hail in 2012. Customers also benefited from a special bonus: a discount of 5% is provided for every claims-free year, up to a maximum bonus of 30%.

In addition, smartphone and tablet owners benefit from a new service app, "ČPP Smart", a helper for all drivers in need that ensures rapid assistance in the event of a traffic accident, ranging from quick localisation of the driver in need all the way to assistance with claims processing, such as submission of supporting records or photographic material directly from the site of the accident.

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PČS

Member of VIG since:

2008

Area of operations:

Life and Non-life

Employees:

approx. 230

Market position:

5th place

Market share:

approx. 7%

PČS was established in 1992, and has been a part of Vienna Insurance Group since the acquisition of all Erste Group insurance activities in 2008. Its business focuses on the area of life insurance, where it holds the second position in the market. PČS uses the extensive, nationwide branch banking network of Česká Spořitelna, the largest bank in the Czech Republic, as a distribution channel.

The fact that PČS offers outstanding products in the life insurance area is shown, for example, by the results of the "Zlatá koruna" (Golden Crown) awards. The "Flexi" life insurance product received first place for the fourth time in a row in the "Life Insurance Product of the Year" category in 2012. The "Zlatá koruna" has been awarded to financial service providers for outstanding product solutions since 2003. The awards are based on the most popular financial products chosen by more than 300 business experts and around 150,000 other interested individuals.

This information
was audited by PWC
Wirtschaftsprüfung
GmbH, Vienna on
March 12, 2013.