Objectives and Outlook

Together, the VIG companies form the leading insurance group in Central and Eastern Europe, with VIG Holding headquarters in Vienna. The VIG Insurance Group's strategy is focused on sustainable, profitable growth.

Vienna Insurance Group relies on two strategic core elements "core business business" and "focus on CEE" as well as on four management principles in order to achieve its overriding strategic goal: to use the growth potential in CEE and to expand its market leadership in the region.

Outlook 2021

Last update 17 March 2021

Based on current assumptions and with reference to the uncertainty regarding further global macroeconomic developments and the course of the pandemic, the VIG-Group plans to achieve the following targets in the 2021 financial year (excluding Aegon CEE):

premium volume stable at the level of 2020 (EUR 10.4 billion), profit before taxes in the range of EUR 450 to 500 million, the combined ratio shall remain at a sustainable level of around 95%.

Note:
This outlook information includes forward-looking statements that concern future developments. These statements are based on current assumptions and forecasts made by the management. Changes in general economic developments, future market conditions, capital markets and other circumstances could result in actual events or results differing significantly from these forward-looking statements.