In 2009, 52.5% of the Group’s total premium volume was generated by the property/casualty area, 43.5% by the life insurance area (an increase of 1.7 percentage points over the previous year), and 4.0% by the health insurance area.
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|
Gross premiums written by business lines | |||
|
in EUR mn |
2007 |
2008 |
2009 |
|
Property/casualty |
3,671.17 |
4,278.85 |
4,206.75 |
|
Life |
2,934.17 |
3,305.73 |
3,491.17 |
|
Health |
306.60 |
314.28 |
321.36 |
|
Total |
6,911.93 |
7,898.87 |
8,019.28 |
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Gross premiums written by regions | |||||||
|
in EUR mn |
2007 |
2008 |
2009 | ||||
| |||||||
|
Austria |
3,695.37 |
3,755.72 |
3,874.15 | ||||
|
Czech Republic |
1,130.47 |
1,419.73 |
1,603.29 | ||||
|
Slovakia |
494.52 |
605.60 |
628.38 | ||||
|
Poland |
543.14 |
795.14 |
548.26 | ||||
|
Romania |
413.49 |
608.22 |
606.66 | ||||
|
Other CEE markets* |
383.77 |
496.35 |
546.56 | ||||
|
Other markets** |
251.17 |
218.11 |
211.98 | ||||
|
Total |
6,911.93 |
7,898.87 |
8,019.28 | ||||
Property and casualty insurance
Vienna Insurance Group companies generated EUR 4,206.75 million in Group premiums in the property/casualty area in 2009 (2008: EUR 4,278.85 million). This area therefore recorded a slight decrease of 1.7%, primarily due to currency effects. The Vienna Insurance Group companies in the Czech Republic contributed EUR 975.52 million to the Group premiums in this area, corresponding to an increase of 2.1% based on the local currency. The Vienna Insurance Group recorded an increase of 14.5% (EUR 384.07 million) in Poland in the property/casualty area based on the local currency, and an increase of 5.2% (EUR 519.43 million) in Romania based on the local currency. 61.0% of the premiums in the property/casualty area were generated in the CEE region.
Growth in life insurance premiums
Vienna Insurance Group companies wrote a total of EUR 3,491.17 million in premiums in the life insurance area, which is equivalent to an increase of 5.6% compared to the previous year.
The premium income of EUR 1,365.18 million generated by Group companies in the CEE region represented a 6.3% premium increase. This means that the share of Group premiums from the CEE region has grown to 39.1% in the life segment. The share of premiums written in the Czech Republic has already reached EUR 627.77 million in the life insurance area, which is 48.9% more than in 2008 based on the local currency. Slovakia contributed EUR 295.02 million (+7.2%) in this area, and Romania generated EUR 87.23 million in Group premiums, which was an outstanding increase of 157.2% based on the local currency.
Health insurance premiums up 2.3%
Even in the health insurance business, which is only pursued to any significant extent in terms of total premiums by Wiener Städtische in Austria, one of the leading health insurers, premiums written by the Vienna Insurance Group rose by 2.3%, to EUR 321.36 million.
Compare to 2008