Premiums written Austria

Premiums written Austria (bar chart)

Premium development

The Austrian VIG companies wrote gross premiums of EUR 4,073.88 million in 2013, representing a decrease of 1.2% compared to the previous year. Wiener Städtische contributed EUR 2,245.72 million of this premium volume, Donau Versicherung EUR 968.79 million and s Versicherung EUR 859.37 million. Net earned premiums rose by 0.4% in 2013, from EUR 3,333.79 million to EUR 3,348.48 million.

EUR 1,871.93 million of the premiums, or 45.9%, were written in the property and casualty area. This was a decrease of 1.3% compared to 2012, and was due to the intentional restructuring of the motor vehicle product portfolio of Donau's Italian branch.

Life insurance contributed EUR 1,844.52 million, or 45.3%, of the premium volume, representing a decrease of 1.8% for the Group in Austria in 2013. This was mainly due to the decrease in single-premium business that was caused by the change in statutory rules for the minimum lock-in period.

Health insurance generated 8.8% or the premium volume, or EUR 357.43 million. This was equivalent to an increase of 2.8% compared to 2012, when premium income from health insurance was EUR 347.55 million.

Expenses for claims and insurance benefits

Expenses for claims and insurance benefits rose compared to the previous year from EUR 3,289.49 million to EUR 3,338.29 million in 2013. This represents an increase of 1.5% in expenses.

Acquisition and administrative expenses

The Austrian VIG companies had acquisition and administrative expenses of EUR 606.97 million in 2013, representing an increase of 5.0% over 2012. This was due to the smaller amount of reinsurance commissions received, which in turn resulted from the decrease in motor vehicle insurance in Italy.

Profit before taxes

Profit before taxes declined by 21.4% in Austria to EUR 232.74 million in 2013 (2012: EUR 295.98 million). This significant drop in profits was mainly due to the losses generated in the motor vehicle business of Donau’s Italian branch.

Combined ratio

The combined ratio (after reinsurance, not including investment income) was 101.4% in Austria in 2013 (2012: 94.7%). This increase was due to the special effects from Italy that were mentioned previously and severe weather claims.

Vienna Insurance Group in Austria

XLS Download





in EUR million




Premiums written












Profit before taxes