The internationally recognised rating agency Standard & Poor's once again confirmed the A+ rating with stable outlook for Vienna Insurance Group AG Wiener Versicherung Gruppe on 14 July 2016 and published the new rating report on 29 July 2016.
S&P RatingsDirect (323 KB) [Document online since 1 August 2016]
Excerpt from the Rating Rationale
Business Risk Profile: Strong
- Sound diversification by business line and a well-established multichannel distribution strategy including
exclusive distribution with Austrian bank Erste Group.
- A strong competitive position, based on leading market positions in Austria and Central and Eastern Europe (CEE).
- An expected significant earnings recovery, with net income exceeding €300 million per year in 2016-2018, after unexpected impairments on intangible assets, mainly information technology, of about €280 million.