VIG in the 2023 financial year
Vienna Insurance Group reports significant profit growth for 2023 and gives positive outlook for 2024
EUR
10.9
bn
Insurance Service Revenue
92.6
%
Net Combined Ratio (P&C)
EUR
772.7
mn
Result before taxes
EUR
4.31
Earnings per share
269
%
Solvency ratio
EUR
1.40
Dividend per share
Latest Results
Highlights
Vienna Insurance Group proves its good resilience again
- Gross written premiums of EUR 13.8 billion (+9.8%)
- Insurance Service Revenue increased to EUR 10.9 billion (+12.2%)
- Significant increase in profit before taxes: EUR 772.7 million (+31.9%)
- Net Combined Ratio improved by 0.2 percentage points to 92.6%
- Strong solvency ratio of VIG Group at 269%
Proposed dividend increase to EUR 1.40 per share
- Earnings per share of EUR 4.31
- Dividend yield is 5.3%
Outlook
VIG has been able to manage the impact of the challenging geopolitical and macroeconomic environment very well so far and continues to focus on the success factors of continuity, stability and diversity. VIG’s management has the ambition to achieve profit before taxes within a range of EUR 825 million and EUR 875 million for the 2024 financial year.
Our strong growth across all regions and segments confirms our clear positioning as number 1 in CEE. Although the amount of insurance benefit payments made to our customers in 2023 of EUR 9.8 billion was significantly higher than in recent years, we have been successful in growing our profit considerably. On the basis of this performance and our strong capitalisation, the VIG Managing Board is proposing a dividend increase to EUR 1.40 per share.
THE RESULTS IN CHARTS
VIG in the financial year 2023
2023 Preliminary Results VIG News Release
pdf (159 KB)
12/03/2024
2023 Preliminary Results VIG Presentation
pdf (951 KB)
12/03/2024
2023 Preliminary Results VIG Financial Supplement
xlsx (206 KB)
12/03/2024
2023 Preliminary Results VIG Teleconference
mp3 (17723 KB)
12/03/2024
2023 Preliminary Results VIG Transcript Teleconference
pdf (152 KB)
18/03/2024
Contact
We are happy to answer any questions you may have:
Nina Higatzberger-Schwarz
Head of Investor Relations
+43 (0) 50 390 – 21920
Send e-mail nina.higatzberger@vig.com
+43 (0) 50 390 – 21920
Sylvia Hollerer
Investor Relations Assistant
+43 (0) 50 390 – 21919
Send e-mail sylvia.hollerer@vig.com
+43 (0) 50 390 – 21919
Katarzyna Bizon
Investor Relations Manager
+43 (0) 50 390 – 20071
Send e-mail Katarzyna.Bizon@vig.com
+43 (0) 50 390 – 20071
Lena Paula Grießer
Investor Relations Manager
+43 (0) 50 390 – 22126
Send e-mail Lena.Paula.Griesser@vig.com
+43 (0) 50 390 – 22126
Petra Haubner
Investor Relations Manager
+43 (0) 50 390 – 20295
Send e-mail petra.haubner@vig.com
+43 (0) 50 390 – 20295
Sylvia Machherndl
Investor Relations Manager
+43 (0) 50 390 – 21151
Send e-mail sylvia.machherndl@vig.com
+43 (0) 50 390 – 21151
