Vienna Insurance Group AG · VIE:VIG
Vienna Insurance — Merger or Acquisition (March 2008)
49 slides from Vienna Insurance's merger presentation, Mar 27, 2008
Slide 1: Acquisition of s Versicherung, Long-Term Bancassurance Agreement with Erste Bank and 2007 Results
Acquisition of s Versicherung, Long-Term Bancassurance Agreement with Erste Bank and 2007 Results Investor Presentation – 27 March 2008
Slide 2: Disclaimer
Disclaimer A 2 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 shal
Slide 3: Contents
Contents A 3 A Transaction Highlights B Rationale C Transaction Structure and Targets D 2007 Results - Highlights E 2007 Results - P&L and Balance Sheet
Slide 4: Transaction Highlights
Transaction Highlights The acquisition in a snapshot A 4 Long-Term Preferred Bancassurance Agreement Acquisition Highlights Acquisition of Erste Bank’s Insurance Activities 95% in >87% of s Versicherung Group BCR Asigurari Life and Non-Life § Vienna Insurance Group (“VIG”) becomes the No. 1 insurer
Slide 5: Transaction Scope
Transaction Scope The acquisition in a snapshot (cont’d) A 5 Acquisition of Insurance Operations Outstanding Bank Distribution Platform Czech Republic Slovakia Ukraine s Versicherung Group Branches: 636 Branches: 273 Branches: 71 Clients (m): 5.3 Clients (m): 2.5 Clients (m): 0.1 GWP Market # Austri
Slide 6: Contents
Contents B 6 A Transaction Highlights B Rationale C Transaction Structure and Targets D 2007 Results - Highlights E 2007 Results - P&L and Balance Sheet
Slide 7: Rationale
Rationale Cornerstones of the transaction B 7 § Expands the existing CEE franchise § Creates No. 1 insurance group in in one go to create a diversified, true CEE core markets(1) Pan-CEE insurance platform 1 2 § Low execution risk given § Preferred bancassurance existing P&C co-operation, alike partn
Slide 8: Creating No.1 Insurance Group in CEE
1 Creating No.1 Insurance Group in CEE Extending leadership to life insurance B 8 Total Market Share in CEE(1),(2) Market Share in CEE(1),(2) Life 10.8% 10.0% 9.3% 9.1% 14.0% 8.3% 8.2% 12.8% 12.1% 7.4% 11.3% 5.8% 3.8% 5.0% 4.9% 4.4% 4.3% 2.6% 3.4% 2.1% 3.0% 1.9% KBC ING sVersicherung VIG AIG s Versi
Slide 9: Diversified, Pan-CEE Insurance Platform
2 Diversified, Pan-CEE Insurance Platform Leading position in all key life insurance markets B 9 Combined Market Ranking in CEE Countries Insurer Premia (€m) Rank # ING Leben 99 1 VIG & BCR 49 2 Asig. De Viata Aig Life 45 2 VIG 31 3 Allianz-Tiriac 21 4 BCR Asig. 18 5 Aviva 18 6 Insurer Premia (€m) R
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