Future-oriented activities of the Vienna Insurance Group
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V.I.G. is the leader in its core markets:
Number 1 overall and in the non-life segment in the CEE region -
V.I.G. is continuing to strengthen its strategic position:
Cooperative cross-border distribution allows even better customer service -
Future-oriented action programme:
Costs already reduced by EUR 60 million out of a potential of EUR 100 million – focus on material costs and extensive process improvements -
Reorganisation of Group structure planned:
Group holding company to receive the name Vienna Insurance Group AG Wiener Versicherung Gruppe* -
Group management:
Dr. Peter Hagen becomes Deputy General Manager; Dr. Martin Simhandl confirmed as CFO
Stability during difficult times
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Profit before taxes of EUR 441.25 million in 2009:
Outstanding 2007 result exceeded -
Premium volume:
V.I.G. exceeds 8 billion mark for the first time: EUR 8,019.28 million (+1.5%) -
Combined Ratio:
At 96.3%, the Group’s combined ratio is again significantly below 100% -
Dividend of EUR 0.90 planned:
Dividend policy ensures continued attractive distributions – 2009 dividend payout ratio: 31.7%
* New company name subject to approval by the appropriate executive bodies of the Company and registration of the amendment to the articles of association by the competent authorities.
Compare to 2008