Vienna Insurance Group AG · VIE:VIG
Vienna Insurance — H1 2014 Earnings Presentation
15 slides from Vienna Insurance's earnings presentation, Aug 26, 2014
Slide 1: What unites us? Our regional roots
WHAT UNITES US? OUR REGIONAL ROOTS
Slide 2: Press Conference Vienna Insurance Group 1st half-year 2014
Press Conference Vienna Insurance Group 1st half-year 2014 Vienna, August 26th 2014
Slide 3: VIG solidly rooted in 25 countries
VIG solidly rooted in 25 countries 1st half-year 2014 acqusitions finished Acquisition of life insurer Consolidating market leadership in CEE Skandia Poland PL Market entry into Moldova: MD Life insurance portfolio strengthened acquisition of Donaris HU by the purchase of AXA Biztosító 3
Slide 4: VIG rating with Standard & Poor's
Standard & Poor's Standard & Poor's A+ Stable confirms again VIG rating with Outlook VIG “Capital adequacy is excellent, remains the exceeding the benchmark for the ´AAA´ rating” best rated “VIG will sustain its very strong competitive position company in Austria and its leading market position in C
Slide 5: VIG – Top performance in 1st half-year of 2014
Vienna Insurance Group Highlights 1st half-year 2014 VIG – Top performance in 1 half-year of 2014 st Profit before taxes increased to around EUR 291mn (+41.4%) Profit before taxes • Strong profit contribution from the CEE region Premium stable at around EUR 5.0bn Premium volume • Adjusted for exchan
Slide 6: Development premiums / administrative expenses
Development premiums / administrative expenses 1st half-year 2008 – 1st half-year 2014, in EUR mn Increase in efficiency: Since 2008 continuous reduction of administrative expenses and an increase of net earned premiums in the same period Net earned premiums Administrative expenses +24.4% -19.3% 4,3
Slide 7: Premiums by lines of business
Premiums Gross written premiums by lines of business, IFRS, in EUR mn 1-6 2013 1-6 2014 Restructuring measures in Romania, portfolio restructuring in Italy as well as exchange rates are having a dampening effect on the premiums Adjusted for exchange rates -0.9% +2,0% Adjusted for -2.1% 5,030 4,984 e
Slide 8: Premiums by regions
Premiums Gross written premiums by regions, IFRS, in EUR mn 1-6 2013 1-6 2014 Adjusted for Premium volume EUR 5.0bn special effects Continued growth in the regions „Remaining markets“ and Slovakia in Italy Marketshare in core markets expended to 20% -0.9% Adjusted for +1.1% special effects -1.4% Adj
Slide 9: Combined Ratio
Combined Ratio net, in % Combined Ratio by 2.7pp improved… 99,8 97,1 …despite the ongoing conservative reserving policy in Italy as well as the increase in severe weather claims particularly in Austria, Serbia and Bosnia-Herzegovina 1-6 2013 1-6 2014 Rounding differences 9
Slide 10: Profit before taxes by lines of business
Profit before taxes By lines of business, IFRS, in EUR mn 1-6 2013 1-6 2014 Profit before taxes increased to EUR 291mn… +41.4% …despite the interest expanse for the 291 subordinated bond issued in the autumn of 2013 that was +302.5% -29.8% 206 booked for the first time 158 145 Impairment 102 +45.6%
Slide 11: Profit before taxes by regions
Profit before taxes By regions, IFRS, in EUR mn 1-6 2013 1-6 2014 Actions taken in Romania show first positiv effects +41.4% Share CEE Adjusted for 55% exchange rates 291 +1,6% Adjusted for exchange rates 206 -1.4% +7,2% -4.9% 112 111 +1.4% 90 +4.3% +2.5% 86 25 26 33 34 23 23 1 -18 Austria Czech Rep
Slide 12: Immediate flood actions
Immediate flood actions May 2014 „WIENER for SERBIA“ Wiener Städtische Serbia launches help for flood victims Numerous assistance measures “Wiener truck” delivers Employees of the subsidiary humanitarian packages to villages where clients or families known to offer help by collecting clothes, employ
Slide 13: VIG – Kids Camp 2014
VIG – Kids Camp 2014 Social and cultural commitments VIG Kids About 500 children of employees Camp promotes Participated from more than 20 countries intercultural exchange Choice between 3 camp locations Took place for the 5th time already These activities are supported to a large extent by the main
Slide 14: Thank you for your attention
VIG” VIENNA INSURANCE GROUP Thank you for your attention
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Das Bild kann zurzeit nicht angezeigt werden. 15
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