All of the insurance segments in which the Vienna Insurance Group is active made major contributions to the outstanding increase in Group profit. Profit before taxes reached EUR 540.80 million in 2008, which corresponds to an increase of 23.7% over the previous year.
Growth driven by property and casualty insurance in 2008
The property and casualty business contributed EUR 414.23 million to the profit before taxes earned by the Vienna Insurance Group, which was EUR 149.16 million or 56.3% higher than the contribution in 2007.
Life insurance reaches EUR 102.40 million
Life insurance also contributed a total of EUR 102.40 million to the overall Group profit earned by the Vienna Insurance Group. In this case, due to the negative factors affecting the financial result, this corresponded to a decrease of 34.9%.
Health insurance profits grow by 60.9%
The health insurance segment contributed EUR 24.17 million, an increase of 60.9% over the previous year, to the total profit of the Vienna Insurance Group.
Compare to 2007