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

*

Remaining markets: Albania, Bulgaria, Germany, Estonia, Georgia, Croatia, Latvia, Liechtenstein, Lithuania, Macedonia, Serbia, Turkey, Ukraine, Hungary

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.

The information of this
page was audited by
PWC INTER-TREUHAND GmbH, Vienna on
March 14, 2011.