Vienna Insurance Group AG · VIE:VIG
Vienna Insurance — FY2011 Earnings Presentation
15 slides from Vienna Insurance's earnings presentation, Jan 24, 2012
Slide 1: Growth despite unfavourable environment
Growth despite unfavourable environment YE 2011 premiums (unconsolidated, unaudited) Vienna, 24 January 2012
Slide 2: Presenting Team and Topics
Presenting Team and Topics Presenting Team Topics Martin Simhandl, CFO Highlights p. 3 Peter Hagen, Member of the Managing Preliminary Premiums p. 5 Board Preliminary PBT/Dividend p. 11 Peter Höfinger, Member of the Managing Board Roland Gröll, Head of Group Finance and Accounting Nina Higatzberger,
Slide 3: Preliminary YE 2011 Highlights
Preliminary YE 2011 Highlights Excellent development (unconsolidated, unaudited) Nearly € 560mn PBT, up by about 10% VIG – YE 2011 (unconsolidated) 7.6% premium growth in CEE, mainly from life business in CZ and PL, and Combined ratio (net) at ~97% non-life in PL Overall growth in Life CEE 18.7% 3
Slide 4: Preliminary YE 2011 Financial Highlights
Preliminary YE 2011 Financial Highlights Growth of premiums (unconsolidated, unaudited) by 3.4% to € 9.0bn Premium Split Non-life/Life (€mn) Premium Split Austria/Other (€mn) 3.4% Non-life Austria 3,881 3,936 Life 4,695 4,990 Other 4,842 5,081 4,028 4,028 YE 2010 YE 2011 YE 2010 YE 2011 CEE Group Pr
Slide 5: Preliminary YE 2011 Premium Development
Preliminary YE 2011 Premium Development Based on EUR million (unconsolidated, unaudited) €mn GWP Non-Life GWP Life GWP Total YE 2011 YE 2010 YE 2011 YE 2010 YE 2011 YE 2010 Austria 2,087.2 1,894.7 10.2% 1,940.5 2,133.5 -9.0% 4,027.7 4,028.3 0.0% Czech Rep. 1,106.1 1,098.6 0.7% 837.1 740.4 13.1% 1,94
Slide 6: Preliminary YE 2011 Investment Split Estimates
Preliminary YE 2011 Investment Split Estimates Investment portfolio including cash and cash equivalents ~ 5% Deposits and cash ~ 5% ~ 1% Alternatives ~ 1% ~ 3% Affiliated Comp. ~ 3% ~ 12% Loans ~ 12% ~ 14% Real Estate ~ 15% ~ 4% Equities ~ 3% ~ 61% Bonds ~ 61% YE 2010 YE 2011 prelim . 6
Slide 7: Development of Bond Portfolio Estimates
Development of Bond Portfolio Estimates Rating upgrades in CEE improve structure By Issuer By Rating 3% 4% 8% 8% 10% 10% 27% 30% 31% 49% 11% 11% 33% 17% 51% 54% 21% 22% YE 2010 YE 2011 prelim . YE 2010 YE 2011 prelim . Government 1 Pfandbriefe/Covered Bonds AAA AA A BBB Other Financials Corporates 1
Slide 8: Bond Portfolio Split Estimates
Bond Portfolio Split Estimates As of 31/12/2011 (preliminary, unaudited) Governments and Government Guaranteed Other Austria 20% 20% France 3% 6% Germany 12% Poland 10% 29% Czech Republic Slovakia 8
Slide 9: PIIGS – Government Bonds
PIIGS – Government Bonds €mn Portugal - Ireland 1 52 Italy 14 Greece1 10 Spain 8 Total 84 ~70% ~70% Approximately 0.3% of total investments 1: Including impairments of about €45mn for Ireland and Greece 9
Slide 10: Achievements in 2011
Achievements in 2011 Proof of Right Strategy Best Year in Company History Despite difficult macroeconomic situation VIG delivers excellent results according Best PBT and GWP result in company to its long term strategy history Successful continuation of CEE focus Over 50% of GWP from CEE Business Exp
Slide 11: Preliminary PBT/Dividend
Preliminary PBT/Dividend Development of Dividend € 256.0mn € 128.0mn € 115.5mn € 115.2mn VIG‘s Path of Profitability (€mn) € 86.1mn nearly € 1.10 € 0.90 € 0.90 € 1.00 € 540 € 560 € 0.82 € 508 € 437 € 441 € 1.10 YE 2006 YE 2007 YE 2008 YE 2009 YE 2010 * *: One-off bonus dividend paid out in 2009 Payo
Slide 12: Shareholder Structure (I)
Shareholder Structure (I) Total number of shares 128,000,000 Wiener Städtische Wechselseitiger Versicherungsverein - Vermögensverwaltung – Vienna Insurance Group ~70 % Free Float ~ 30 % 12
Slide 13: Shareholder Structure (II)
Shareholder Structure (II) Free float split Austria ~22 % Others ~4% North America ~25% Continental Europe ~26% UK & Ireland ~23% 13
Slide 14: VIG Share & Contact Details
VIG Share & Contact Details Investor Relations VIG Share Investor Relations Number of common shares Vienna Insurance Group 128mn Schottenring 30, 1010 Vienna E-Mail: [email protected] ISIN AT0000908504 www.vig.com/ir Listing Nina Higatzberger (Head of IR) Tel. +43 (0)50 350 - 21920 Vienna –
Slide 15: Disclaimer
Disclaimer IMPORTANT NOTICE These materials do not constitute or form part, or all, of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities in any jurisdiction in which such solicitation, offer or sale would be unlawful, nor shall pa
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