Vienna Insurance Group Ag · VIE:VIG
Vienna Insurance — Q1 2023 Earnings Presentation
17 slides from Vienna Insurance's earnings presentation, May 31, 2023
Slide 1: 3M 2023 Update Presentation
3M 2023 UPDATE PRESENTATION Liane Hirner, CFRO Peter Höfinger, Member of the Managing Board Vienna, 31 May 2023
Slide 2: The Leading Insurance Group in Central & Eastern Europe
THE LEADING INSURANCE GROUP IN CENTRAL & EASTERN EUROPE VIG with top positions in all major CEE markets Top 3 Austria Albania Baltic states Bulgaria Market positions Czech Republic Hungary Country Total Market Share NO Non-life Life Total North Macedonia Romania SE 22.6% Slovakia Austria 1 1 1 EE Uk
Slide 3: Challenging Macroeconomic Environment
CHALLENGING MACROECONOMIC ENVIRONMENT GDP growth of VIG markets above EU27 Forecast GDP (in %)1 8 6.5 ▪ Real weighted GDP growth in VIG markets 6 above the EU27 average 4 ▪ Revised growth expectations for 2023 below 2.8 2.5 VIG Markets3 2022 levels 3.5 2 1.0 2.0 1.9 EU27 ▪ Slight recovery from 2024-
Slide 4: Taking Advantage of the Long-Term Growth Potential in CEE
TAKING ADVANTAGE OF THE LONG-TERM GROWTH POTENTIAL IN CEE Annual insurance spending as indicator for growth potential Insurance density in 2021 in Insurance density 2021, in EUR (premiums per capita) 1 237 AUSTRIA: EUR 2,072 635 479 401 381 373 366 360 310 241 159 150 148 120 118 91 65 60 55 36 GDP
Slide 5: Approval from Romanian Authority Received
APPROVAL FROM ROMANIAN AUTHORITY RECEIVED VIG working towards closing of the acquisition of the Polish and Romanian entities Business in Poland and Romania ▪ Life insurance and service companies as well as pension funds ▪ € 84mn premium volume in life (unit-linked and traditional life business) ▪ €
Slide 6: Premiums & Solvency
PREMIUMS & SOLVENCY Solid start into the business year 2023 Gross written premiums Solvency Ratio Dividend per share € 3,871.3mn (+12.1%) 284% € 1.30 ▪ Excluding first-time consolidation effect from ▪ Q1 2023 including transitionals ▪ Dividend proposal of € 1.30 per share was Aegon Hungary and Türki
Slide 7: Top-Line Up by 12.1% Based on Growth in All Segments
TOP-LINE UP BY 12.1% BASED ON GROWTH IN ALL SEGMENTS Gross written premiums (€ mn; y-o-y change) ▪ Overall, strong premium growth in the first quarter, resulting 1,371 Austria +2.1% in GWP of € 3,871.3mn 1,400 ▪ Solid premium development in Austria and the Czech Republic coming 583 from growth in no
Slide 8: Main Markets Overview for the First Quarter 2023
MAIN MARKETS OVERVIEW FOR THE FIRST QUARTER 2023 Austria, Czech Republic & Poland AT CZ PL VIG insurance companies VIG insurance companies VIG insurance companies ▪ Good growth in both companies ▪ Still solid market environment ▪ Motor market remains challenging ▪ Positive development in the health
Slide 9: Russian Exposure Update and Bank Exposure Overview
RUSSIAN EXPOSURE UPDATE AND BANK EXPOSURE OVERVIEW Update Russian Exposure ▪ YE 2022, Russian government and corporate bond exposure totalled ~€ 165mn ▪ Half of this Russian bond exposure was impaired in Q2 2022 (~€ 84mn) ▪ Since the beginning of 2023, a nominal value of ~€ 51mn at an average sellin
Slide 10: Solvency Ratio of VIG Group Remains Strong
SOLVENCY RATIO OF VIG GROUP REMAINS STRONG Solvency position as of end of first quarter 2023 compared to YE 2022 in EUR million 284% 280% 3M 2023* YE 2022 257% 3M 2023** 10 841 10 729 10 841 9 757 3 873 3 784 3 794 31/12/2022 31/03/2023 31/03/2023 *incl. transitionals **excl. transitionals Solvency
Slide 11: Solvency Ratio of VIG Group as of YE 2022 Improved to 280%
SOLVENCY RATIO OF VIG GROUP AS OF YE 2022 IMPROVED TO 280% Solvency position YE 2022 compared to YE 2021 VIG AG in EUR million 31.12.2021 31.12.2022 in EUR million Solvency capital requirement 4 120 3 873 Market risk 3 556 2 711 280% Counterparty default risk 382 376 YE 2022 Life underwriting risk 1
Slide 12: Sensitivity Analysis
SENSITIVITY ANALYSIS Market sensitivities as of 31.12.2022 15% 13.0% 10% 5% 3.7% 0% -5% -10% -6.7% -7.8% -15% -20% -18.9% -25% Interest rate curves Interest rate curves Standard equity Spread on corporate Spread on government +100bps -100bps -25% bonds + 50bps bonds +50bps ∆ Solvency ratio Interest
Slide 13: Update and Outlook
UPDATE AND OUTLOOK Proven business model ensures further positive development Update: continued premium growth despite challenging macroeconomic environment ▪ Premium growth supported by indexation and tariff adoptions ▪ Operative performance according to plan ▪ Reduction of Russian government and c
Slide 14: VIG Share
VIG SHARE Number of common shares: 128,000,000 / ISIN: AT0000908504 General information Analyst recommendations (31/03/2023) Listings Ticker Rating Major Indices SELL Vienna ▪ Stock Exchanges: VIG Standard & Poor’s: ATX 1 BUY Prague ▪ Bloomberg: VIG AV / VIG CP / VIG XH A+, stable outlook ATX Prime
Slide 15: VIG Vienna Insurance Group
15 UPDATE 3M 2023 VIG VIENNA INSURANCE GROUP
Slide 16: Contact Details / Financial Calendar
CONTACT DETAILS / FINANCIAL CALENDAR Investor Relations / investor.relations@vig.com / www.vig.com Nina Higatzberger-Schwarz Sylvia Machherndl Financial calendar 2023* Tel. +43 (0)50 390 – 21920 Tel. +43 (0) 50 390 – 21151 Date Event nina.higatzberger@vig.com sylvia.machherndl@vig.com 15 Mar. 2023 P
Slide 17: Disclaimer
DISCLAIMER 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 shall pa
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