Vienna Insurance Group Ag · VIE:VIG
Vienna Insurance — Hamburger Investorentage 2026
37 slides from Vienna Insurance's conference presentation, 2026
Slide 1: Group strategy 2026-2028
Vienna Insurance Group Group strategy 2026-2028 Vienna Insurance Group
Slide 2: Agenda
Agenda VIG introduction & strategy NÜRNBERGER 9M 2025 key figures & highlights Appendix Please note that rounding differences may occur Gross written premiums are not part of IFRS 17/9 reporting 2 Vienna Insurance Group
Slide 3: Resilient and growth-oriented top insurer
Resilient and growth-oriented top insurer Investment proposition overview Market leader in CEE with growth prospects Decentralised business model Strong, diversified sales and the ongoing expansion The decentralised management approach and of the product range enable sustainable, the multi-brand str
Slide 4: Number 1 insurance group in CEE
Number 1 insurance group in CEE Broadly diversified and solidly capitalised Top 3 FI VIG is represented More than 50 local SE 30 in 30 markets 50 insurance companies and NO EE > Top 3 pension funds LV Special DK LT Markets BY Around 33mn Excellent S&P rating 33 customers served by ~30,000 A+ of A+ w
Slide 5: Diversified portfolio & multi-channel distribution
Diversified portfolio & multi-channel distribution Gross written premiums split Multi-channel distribution 10% Various distribution channels 35% Special Markets Strongly customer-oriented distribution 10% Life2 Motor1 Employed sales forces Brokers & agents 46% Austria 23% 26% & tied agents 31% 9% Ba
Slide 6: Long-term growth potential in CEE
Long-term growth potential in CEE Annual insurance spending as indicator for growth potential Insurance density 2024 (premiums per capita, in €) Insurance density in 2024 in 1,284 Austria: € 2,322 764 551 547 543 500 499 469 436 375 267 230 210 212 161 143 106 89 70 36 Republic Türkiye Czech Poland
Slide 7: Continuous dividend payout since 1994
Continuous dividend payout since 1994 Minimum dividend for 2025 is € 1.55 per share Dividend policy Dividend per share development € 1.55 Minimum dividend set at the previous year’s level based on capital strength € 1.40 € 1.30 of the Group and to reflect the € 1.25 resilience of the business model
Slide 8: Experienced Managing Board
Experienced Managing Board 170 years of joint experience in insurance industry & specific country responsibilities Hartwig Peter Liane Löger Höfinger Hirner CEO Deputy CEO CFRO Country responsibility: Country responsibility: Country responsibility: Austria, Czech Republic, Liechtenstein Bulgaria, Mo
Slide 9: VIG Group strategy 2026-2028
VIG Group strategy 2026-2028 Group Programmes Company Strategies Country Portfolio & CO3 Cooperation Collaboration Communication Values & Principles Plurality Entrepreneurship Responsibility Excellence Passion 9 Strategy Vienna Insurance Group
Slide 10: Management principles
Management principles VIG Group strategy 2026-2028 VIG operates as a ‘Group’ and creates significant economic added value through entrepreneurship and Communication provides for transparency and multi-brand strategy drives efficient and effective exchange within the Group VIG shows a strong and sust
Slide 11: Five distinctive group programmes
Five distinctive group programmes Designed to support objectives and strategic implications Group programmes reflect relevant trends and challenges Sustainability Capital Banking Artificial Health Management Cooperation Intelligence VIG as a reliable Capital efficiency Realising business AI and data
Slide 12: Country portfolio & company strategies
Country portfolio & company strategies Five strategic fields based on local strategies & selected examples transparent, digital end-to-end customer processes (consulting/services) personalisation of offers and services using analytical tools targeting all customer groups in retail and corporates and
Slide 13: Financial targets 2028
Financial targets 2028 VIG financial targets not yet including NÜRNBERGER Growth Profitability Capital strength Gross written Profit before Combined Operating Solvency premiums taxes ratio ROE ratio ≥ € 20 billion ≥ € 1.5 billion ≤ 91% ≥ 17% 150 – 200% in 2028 in 2028 in 2028 in 2028 range thereby e
Slide 14: Group-wide sustainability programme
Group-wide sustainability programme Sustainability in VIG means creating economic value today without doing so at the expense of tomorrow SOCIAL FOCUS ENVIRONMENTAL FOCUS Objectives Objectives Promote risk literacy Reduce emissions of Grow corporate volunteering investment portfolio to net zero by 2
Slide 15: Key investment proposition
Key investment proposition How investors benefit from VIG’s unique market position and business approach Market leader in CEE with growth prospects Decentralised business model Attractive risk/reward profile in a growth region Agile, future-oriented operations in a dynamic environment Investments to
Slide 16: Agenda
Agenda VIG introduction & strategy NÜRNBERGER 9M 2025 key figures & highlights Appendix Please note that rounding differences may occur Gross written premiums are not part of IFRS 17/9 reporting 16 Vienna Insurance Group
Slide 17: NÜRNBERGER, a unique opportunity with compelling strategic fit
NÜRNBERGER, a unique opportunity with compelling strategic fit Long-term profitable growth potential with short-term restructuring efforts Clear goal to restore NÜRNBERGER to profitability and to secure future sustainable earnings and dividend streams This transaction increases VIGs diversification
Slide 18: NÜRNBERGER, well-established & diversified specialist in biometric risk in Germany
NÜRNBERGER, well-established & diversified specialist in biometric risk in Germany Germany is one of the largest European insurance markets with € 238bn total premium in 20241 Around 2.6 million Around 3,800 Gross written premium of € 3.7bn at YE 2024 2.6 customers 3,800 employees Health mn 9% Life
Slide 19: Broader diversification – combined strengths
Broader diversification – combined strengths VIG to broaden its diversification and to strengthen the position in Germany YE 2024 pro-forma combined GWP split of VIG incl. NÜRNBERGER1 Special Markets 7% CEE (incl. Czech Republic, Poland Austria and Extended CEE segment) 25% Life Germany 31% account
Slide 20: Total acceptance rate at the end of the offer period at 98.81%
Total acceptance rate at the end of the offer period at 98.81% Including shares already held or otherwise secured by VIG (as of 21 Nov 2025) Share Voluntary public purchase offer to acquire up to 100% of the share capital launched on 24 October 2025 purchase Offer price of € 120 per share in cash pr
Slide 21: Agenda
Agenda VIG introduction & strategy NÜRNBERGER 9M 2025 key figures & highlights Appendix Please note that rounding differences may occur Gross written premiums are not part of IFRS 17/9 reporting 21 Vienna Insurance Group
Slide 22: Key figures over the first three quarters 2025
Key figures over the first three quarters 2025 Solid top- and very strong bottom-line growth Insurance service revenue Profit before taxes € 9,730.3mn € 872.8mn Revenue up by 8.6% PBT increased by 31.0% 9M 2024: € 8,960.9mn 9M 2024: € 666.5mn P&C net combined ratio Solvency ratio 92.1% 286% Net COR
Slide 23: Raised outlook for FY 2025
Raised outlook for FY 2025 Based on VIG’s robust growth over the first three quarters 2025 Profit before taxes target range for 2025 raised to € 1.10 – 1.15 billion Profit before taxes increased by € 206.3mn to € 872.8mn (+31.0%) Double-digit growth rates in all segments, except Extended CEE (here,
Slide 24: Gross written premiums up by 8.6% to € 12.5bn
Gross written premiums up by 8.6% to € 12.5bn Gross written premiums by segments; 9M 2025 (€ mn) +4.8% +9.4% 4,533.2 4,464.4 3,751.2 3,578.6 3,644.5 3,330.1 2,709.1 +7.7% 2,470.1 2,366.2 1,935.8 +13.5% 1,797.9 +18.4% 1,601.7 1,655.3 1,500.3 1,294.4 1,391.8 1,226.5 1,259.8 1,186.4 1,001.7 915.8 817.2
Slide 25: Insurance service revenue of € 9.7bn up by 8.6%
Insurance service revenue of € 9.7bn up by 8.6% Insurance service revenue by segments; 9M 2025 (€ mn) 2,642.4 AT: Insurance service revenue grew by € 152.1mn mainly Austria +5.8% driven by the non-life business and health insurance 2,794.5 CZ: Revenue increase by € 113.2mn mainly due to positive 1,5
Slide 26: Agenda
Agenda VIG introduction & strategy NÜRNBERGER 9M 2025 key figures & highlights Appendix Please note that rounding differences may occur Gross written premiums are not part of IFRS 17/9 reporting 26 Vienna Insurance Group
Slide 27: S&P raised the outlook for VIG to positive
S&P raised the outlook for VIG to positive S&P raised the outlook from A+ with a stable outlook to A+ with a positive outlook S&P affirmed VIG's financial strength and issuer credit ratings with excellent A+ VIG’s diversification and growth were decisive factors in raising the outlook S&P: “VIG has
Slide 28: Conservative investment strategy
Conservative investment strategy Spreading risk through diversification Investment split Bond portfolio by rating1 31/12/2024 12.3% 25.3% 34.3% 21.1% 7.0% 3.2% 9.2% 1.5% 0.7% 30/06/2025 13.3% 26.0% 34.1% 20.2% 6.4% 1.9% 9.6% € 37.3bn AAA AA A BBB Other 30/06/2025 Bond portfolio by issuer 74.0% 31/12
Slide 29: Transition plan for climate protection
Transition plan for climate protection Net zero by 2050 – steps on the path to decarbonisation 2030: base year 2030: ~30% emission reduction 2050: net zero STARTING POINT INTERIM TARGET TARGET The greenhouse gas emissions VIG has defined as its first milestone a ~30% reduction The aim of the Paris A
Slide 30: Segment overview 6M 2025
Segment overview 6M 2025 GWP, insurance service revenue, PBT, combined ratio Gross written premiums Insurance service revenue Result before taxes P&C net combined ratio in € mn in € mn in € mn in % 6M 2025 6M 2024 +/- % 6M 2025 6M 2024 +/- % 6M 2025 6M 2024 +/- % 6M 2025 6M 2024 +/- %p Austria 2,709
Slide 31: Segment overview 12M 2024
Segment overview 12M 2024 GWP, insurance service revenue, PBT, combined ratio Gross written premiums Insurance service revenue Result before taxes P&C net combined ratio in € mn in € mn in € mn in % 12M 2024 12M 2023 +/- % 12M 2024 12M 2023 +/- % 12M 2024 12M 2023 +/- % 12M 2024 12M 2023 +/- %p Aust
Slide 32: VIG share (I)
VIG share (I) Number of common shares: 128,000,000 | ISIN: AT0000908504 General information Analyst recommendations (as of Jan 2026) Listings Ticker Major indices BUY Vienna Stock Exchanges: VIG ATX 3 Prague Bloomberg: VIG AV / VIG CP / VIG XH ATX Prime Budapest Reuters: VIGR.VI / VIGR.PR / VIGR.H P
Slide 33: VIG share (II)
VIG share (II) Shareholder structure Free float split by region1 North America 30% Austria 29% ~72% Wiener Städtische ~28% Continental Europe 29% Versicherungsverein Free float (Mutual) UK & Ireland 8% Other 4% 1 Split of identified shares (Source: S&P Global, May 2025) 33 Appendix Vienna Insurance
Slide 34: Appendix
34 Appendix Vienna Insurance Group
Slide 35: Contact details
Contact details Investor Relations Financial calendar 20261 Nina Higatzberger-Schwarz Date Event Sylvia Hollerer Phone: +43 50 390-21920 Phone: +43 50 390-21919 12 Mar 2026 Preliminary results for the financial year 2025 nina.higatzberger@vig.com sylvia.hollerer@vig.com 28 Apr 2026 Results and Group
Slide 36: Disclaimer
Disclaimer Important notice These materials are for information purposes only. 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 solicita
Slide 37: Vienna Insurance Group
VIG* VIENNA INSURANCE GROUP Vienna Insurance Group
Vienna Insurance Group — Hamburger Investorentage 2026 on 6ix