In 2010, property and casualty insurance accounted for 50.6% of premium volume, while the area of life insurance grew considerably, contributing 45.5% to the Group’s total premium volume of the Group. 3.9% of the premiums came from health insurance.
Premiums written by lines of business
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|
in EUR million |
2008 |
2009 |
2010 |
|
Property/Casualty |
4,278.85 |
4,206.75 |
4,350.04 |
|
Life |
3,305.73 |
3,491.17 |
3,904.81 |
|
Health |
314.28 |
321.36 |
338.16 |
|
Total |
7,898.87 |
8,019.28 |
8,593.01 |
Premiums written by region
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|
in EUR million |
2008 |
2009 |
2010 | ||
| |||||
|
Austria |
3,755.72 |
3,874.15 |
4,041.14 | ||
|
Czech Republic |
1,419.73 |
1,603.29 |
1,756.54 | ||
|
Slovakia |
605.60 |
628.38 |
647.87 | ||
|
Poland |
795.14 |
548.26 |
747.69 | ||
|
Romania |
608.22 |
606.66 |
528.05 | ||
|
Remaining markets* |
714.46 |
758.54 |
871.72 | ||
|
Total |
7,898.87 |
8,019.28 |
8,593.01 | ||
Property and casualty insurance
Property/casualty premiums by region in 2010
In the area of property and casualty insurance, the companies of the Vienna Insurance Group generated group premiums of EUR 4,350.04 million in 2010 (2009: EUR 4,206.75 million). Hence, the property and casualty insurance area turned in gains of 3.4%. With strong growth rates, the positive development in this segment was mainly driven by Poland and Remaining markets. For example, the Polish companies of the Vienna Insurance Group recorded gains of 45.7% with premium income of EUR 559.44 million; for Remaining markets, the premium volume increased by 11.9% over 2009. The Vienna Insurance Group in the Czech Republic was also able to increase premium income: from EUR 975.52 million to EUR 1,004.35 million. The share of premiums generated outside Austria was 64.0% in the area of property and casualty insurance.
Growth in life insurance premiums
Life insurance premiums by region in 2010
Vienna Insurance Group companies wrote a total of EUR 3,904.81 million in premiums in the life insurance area, equivalent to an increase of 11.8% compared to the year before.
The premium income of EUR 1,758.11 million generated by Group companies outside Austria represented a 16.8% premium increase. Thus, the share of Group life insurance premiums represented by countries outside Austria grew to 45.0%. In particular, the companies of s Versicherung made a significant contribution to the positive development in this segment.
The companies of the Vienna Insurance Group in the Czech Republic wrote EUR 752.19 million in premiums in the life insurance area, which is 19.8% more than in 2009. The Slovak companies contributed EUR 340.89 million (+15.5%) in this segment, the Polish companies EUR 188.25 million (+14.7%) and the Romanian companies EUR 93.16 million (+6.8%). The Remaining markets generated premiums of EUR 383.62 million and thus gains of 15.7%.
Health insurance: a 5.2% gain in premiums
In health insurance, which – to any extent relevant for total premiums – is currently pursued primarily in Austria by Wiener Städtische, one of the leading health insurers, premiums written by the Vienna Insurance Group rose by 5.2%, to EUR 338.16 million.
