Vienna Insurance Group Ag · VIE:VIG
Vienna Insurance — 9M 2023 Earnings Presentation
16 slides from Vienna Insurance's earnings presentation, Nov 30, 2023
Slide 1: 9M 2023 Update Presentation
9M 2023 UPDATE PRESENTATION Liane Hirner, CFRO Peter Höfinger, Deputy CEO Harald Riener, Member of the Managing Board Vienna, 30 November 2023
Slide 2: VIG 25 secures further dynamic development
VIG 25 SECURES FURTHER DYNAMIC DEVELOPMENT Initiatives and projects to optimise, enhance and expand VIG’s business model STRATEGIC TRENDS DEVELOPMENTS Optimise operational excellence by OBJECTIVES ▪ simplification and automation of processes VIG 25 STRATEGIC ▪ exchange and implement best practices D
Slide 3: Group-wide sustainability programme complements VIG 25 strategic programme
GROUP-WIDE SUSTAINABILITY PROGRAMME COMPLEMENTS VIG 25 STRATEGIC 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 investment portfolio ▪
Slide 4: Gross written premiums up by 11.4% based on growth in all segments
GROSS WRITTEN PREMIUMS UP BY 11.4% BASED ON GROWTH IN ALL SEGMENTS Gross written premiums1 (€ mn) ▪ Overall, continuous strong premium growth in the first nine months resulting in total GWP of € 10,619.3mn (9M 2022: 3,286 Austria +2.3% € 9,529.9mn) 3,361 ▪ Premium growth in Austria and the Czech Rep
Slide 5: VIG in Hungary
VIG IN HUNGARY VIG increasing its stake in the Hungarian business VIG Corvinus Nemzetközi Befektetési Zrt. VIG Hungary & Corvinus cooperation ▪ In March 2022, VIG successfully completed the biggest part of the Aegon +35% stake transaction, Aegon Hungary ▪ With 19% market share VIG became market lead
Slide 6: VIG in Poland
VIG IN POLAND Poland is one of VIG’s core markets Overview Polish Market ▪ One of VIG’s major markets with the population of 38mn inhabitants ▪ Third largest segment in VIG’s portfolio with solid growth potential Market share in the Polish insurance market in 2022 ▪ PZU dominating on the insurance m
Slide 7: Joining forces to strengthen market position in Poland
JOINING FORCES TO STRENGTHEN MARKET POSITION IN POLAND Three companies offering new opportunities in the Polish insurance market Merger in Poland Merger non-life business ▪ VIG is concentrating its market presence from currently six (after Aegon acquisition) to three insurance companies ▪ The new se
Slide 8: Executive summary
EXECUTIVE SUMMARY Strong operative performance of VIG Group companies despite challenging environment VIG fully on track to meet expectations for 2023 ▪ Double-digit premium growth for 9M 2023 extending the trends already seen at half-year ▪ Corresponding top-line development of the insurance servic
Slide 9: Solvency ratio of VIG Group above 300%
SOLVENCY RATIO OF VIG GROUP ABOVE 300% Solvency position as of end of third quarter 2023 compared to YE 2022 (€ mn) 280% 304% 277% YE 2022 9M 2023 9M 2023* 10 841 11 124 10 152 10 841 3 873 3 662 3 671 31/12/2022 30/09/2023 30/09/2023 *excl. transitionals Solvency II Own Funds SCR 9 UPDATE 9M 2023 V
Slide 10: Outlook 2023
OUTLOOK 2023 Group profit before taxes of € 700 – 750 million for full-year 2023 confirmed Based on the solid performance experienced in 9M 2023 VIG expects profit before taxes on the upper end of the target range ▪ Despite weaker macroeconomic environment and higher volatility on capital markets ▪
Slide 11: Appendix
APPENDIX Please note: rounding differences may occur 11 VIG VIENNA INSURANCE GROUP
Slide 12: VIG Share (I)
VIG SHARE (I) Number of common shares: 128,000,000 / ISIN: AT0000908504 General information Analyst recommendations (30/09/2023) Listings Ticker Rating Major Indices SELL 1 BUY Vienna ▪ Stock Exchanges: VIG Standard & Poor’s: ATX 3 Prague ▪ Bloomberg: VIG AV / VIG CP / VIG XH A+, stable outlook ATX
Slide 13: VIG Share (II)
VIG SHARE (II) Shareholder structure Free float split by region1 Austria 31% North America 29% ~72% Wiener Städtische ~28% Continental Europe 28% Versicherungsverein Free float (Mutual) UK & Ireland 8% Other 4% 1 Split of identified shares, May 2023 (Source: S&P Global) 13 APPENDIX VIG VIENNA INSURA
Slide 14: Appendix
14 APPENDIX VIG VIENNA INSURANCE GROUP
Slide 15: Contact details / financial calendar
CONTACT DETAILS / FINANCIAL CALENDAR Investor Relations / investor.relations@vig.com / www.group.vig Nina Higatzberger-Schwarz Sylvia Hollerer Financial calendar 2024* Tel. +43 50 390-21920 Tel. +43 50 390-21919 Date Event nina.higatzberger@vig.com sylvia.hollerer@vig.com 12 Mar. 2024 Preliminary re
Slide 16: 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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