MARKET POSITION SUCCESSFULLY STRENGTHENED IN CENTRAL AND EASTERN EUROPE
- Premium shares from the CEE region: Total rises to about 50% for the first time. Already above 60% in the property/casualty segment
- Successful capital increase in the 1st half of 2008; 23 million shares issued, for proceeds of EUR 1.14 billion
- Acquisition of all Erste Group insurance operations including mutual cooperation agreement with the Erste Group in eight countries
- V.I.G. is leading in its core markets in the CEE region: overall and in the non-life segment
- Outstanding start of business for VIG RE, specialising in reinsurance in the CEE region
ONGOING DEVELOPMENT OF POSITIVE RESULTS
- Profit before taxes in 2008: EUR 540.80 million (+23.7%)
- Premium volume for the year: EUR 7,898.87 million (+14.3%)
- Combined ratio of 96.4% significantly below 100% in 2008
Compare to 2007