Profit before taxes reached EUR 507.79 million in 2010, which corresponds to an increase of 15.1% over the previous year. The clear gain, which managed to be achieved despite high costs owing to natural disasters, confirms the Group’s strategy in its markets.
Profit before taxes by lines of business
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|
in EUR million |
2008 |
2009 |
2010 |
|
Property/Casualty |
414.23 |
238.86 |
222.72 |
|
Life |
102.40 |
177.77 |
248.46 |
|
Health |
24.17 |
24.62 |
36.61 |
|
Total |
540.80 |
441.25 |
507.79 |
Profit before taxes by region
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|
in EUR million |
2008 |
2009 |
2010 | ||
| |||||
|
Austria |
344.33 |
247.49 |
250.89 | ||
|
Czech Republic |
107.45 |
122.91 |
167.33 | ||
|
Slovakia |
4.99 |
23.01 |
37.32 | ||
|
Poland |
26.11 |
27.42 |
24.18 | ||
|
Romania |
57.46 |
24.19 |
28.51 | ||
|
Remaining markets* |
0.46 |
-3.77 |
-0.44 | ||
|
Total |
540.80 |
441.25 |
507.79 | ||
Property and casualty insurance
With a contribution to the results of EUR 222.72 million, the area of property and casualty insurance generated 43.9% of the profits of Vienna Insurance Group.
Life insurance
In the life insurance area, the Group generated a profit before taxes of EUR 248.46 million. This represents an increase of 39.8% over 2009. Thus, life insurance accounts for a 48.9% share of total profits.
Health insurance
Health insurance contributed EUR 36.61 million to the profits of the Vienna Insurance Group.
