Vienna Insurance Group Ag · VIE:VIG
Vienna Insurance — Vienna Insurance Grp Ord — Q1 2025 Earnings Presentation
21 slides from Vienna Insurance's earnings presentation, May 27, 2025
Slide 1: 3M 2025 Key Figures & Update Presentation
3M 2025 KEY FIGURES & UPDATE PRESENTATION Peter Höfinger, Deputy CEO Liane Hirner, CFRO Vienna, 27 May 2025
Slide 2: Highlights
HIGHLIGHTS 3M 2025 KEY FIGURES 3M 2025 KEY FIGURES SOLVENCY YE 2024 – DETAILS SOLVENCY YE 2024 – DETAILS APPENDIX APPENDIX Please note that rounding differences may occur Gross written premiums are not part of IFRS 17/9 reporting 2 VIG VIENNA INSURANCE GROUP
Slide 3: Highlights: Solid start into 2025
HIGHLIGHTS Solid start into 2025 ▪ Solid results in the first quarter 2025 with growth in both insurance service revenue (+8.1%) and profit before taxes (+7.5%) ▪ Active capital management in first quarter with successful placement of a Tier 2 Sustainability Bond and a repurchase of subordinated deb
Slide 4: Broad diversification supports resilience of VIG
BROAD DIVERSIFICATION SUPPORTS RESILIENCE OF VIG GWP, Insurance service revenue and PBT before consolidation; 3M 2025 Gross written premiums Insurance service revenue Result before taxes Group Special Group Functions Markets Functions 5.3% 12.2% Austria 19.8% Austria Special 29.0% Markets 26.3% Exte
Slide 5: Robust GDP growth expectations for CESEE
ROBUST GDP GROWTH EXPECTATIONS FOR CEESE Growth forecasts for CEESE still to outpace euro area in 2025 Real GDP forecast ▪ Despite slightly lower growth rates than previously expected, economic growth in change over previous year 2025 2026 CESEE remains robust in 2025 due to the region’s economic re
Slide 6: Sustainability Tier 2 bond issuance
SUSTAINABILITY TIER 2 BOND ISSUANCE Active capital management also involved a tender offer for two outstanding bonds Capital management activities in the first quarter 2025 Distribution by Investor Geography ▪ In March 2025, VIG successfully placed Subordinated Fixed to Floating Rate Tier 2 Notes wi
Slide 7: Key Figures 3M 2025
HIGHLIGHTS HIGHLIGHTS 3M 2025 KEY FIGURES SOLVENCY YE 2024 – DETAILS SOLVENCY YE 2024 – DETAILS APPENDIX APPENDIX Please note that rounding differences may occur Gross written premiums are not part of IFRS 17/9 reporting 7 VIG VIENNA INSURANCE GROUP
Slide 8: Key figures 2025 - a solid start
KEY FIGURES 2025 - A SOLID START Top- and bottom-line continuous growth in first quarter 2025 Insurance service revenue Profit before taxes € 3,139.2mn € 261.1mn ▪ Revenue up by 8.1% ▪ PBT increased by 7.5% ▪ 3M 2024: € 2,904.4mn ▪ 3M 2024: € 243.0mn P&C net combined ratio Solvency ratio 92.3% 271%
Slide 9: Gross written premiums of € 4.65 billion up by 8.3%
GROSS WRITTEN PREMIUMS OF € 4.65 BILLION UP BY 8.3% Gross written premiums by segments; 3M 2025 (€ mn) +6.1% +10.3% 4,533.2 4,464.4 3,578.6 3,330.1 +6.2% 2,574.8 2,366.2 2,243.4 +13.0% 1,797.9 +25.4% 1,601.7 1,655.3 1,510.0 1,500.3 1,213.0 1,226.5 1,259.8 1,142.0 1,001.7 795.2 620.5 658.8 686.5 416.
Slide 10: Insurance service revenue of € 3.1 billion up by 8.1%
INSURANCE SERVICE REVENUE OF € 3.1 BILLION EURO UP BY 8.1% Insurance service revenue by segments; 3M 2025 (€ mn) 851.3 ▪ AT: Insurance service revenue up by € 51.2mn driven by non- Austria +6.0% life business (PAA) and health business (VFA) 902.5 ▪ CZ: Revenue growth primarily due to higher premium
Slide 11: Executive summary & outlook
EXECUTIVE SUMMARY & OUTLOOK Solid growth in the first quarter 2025 ▪ Dividend of € 1.55 per share was approved by the Annual General Meeting; dividend payment day on 28 May 2025 ▪ Solid business performance underpinned by growth in gross written premiums (+8.3%), insurance service revenue (+8.1%), a
Slide 12: Solvency YE 2024 – Details
HIGHLIGHTS HIGHLIGHTS 3M 2025 KEY FIGURES 3M 2025 KEY FIGURES SOLVENCY YE 2024 – DETAILS APPENDIX APPENDIX Please note that rounding differences may occur Gross written premiums are not part of IFRS 17/9 reporting 12 VIG VIENNA INSURANCE GROUP
Slide 13: YE 2024 Solvency ratio of VIG Group of 261%
YE 2024 SOLVENCY RATIO OF VIG GROUP OF 261% YE 2024 Solvency position incl. transitional measures compared to YE 2023 VIG (€ mn) 31/12/2023 31/12/2024 Basic solvency capital requirement 4,417 4,601 269% 261% YE 2023 YE 2024 Market risk 2,715 2,799 Counterparty default risk 327 375 Life underwriting
Slide 14: YE 2024 Sensitivity analysis
YE 2024 SENSITIVITY ANALYSIS Market sensitivities as of 31/12/2024 30.0% 20.0% 15.90% 10.0% 5.30% 0.0% -5.55% -10.0% -8.96% -20.0% -19.40% -30.0% Interest rate curves Interest rate curves Standard equity Spread Corporate Spread Government +100bps -100bps -25% bonds +50bps bonds +50bps ∆ Solvency Rat
Slide 15: Appendix
HIGHLIGHTS HIGHLIGHTS 3M 2025 KEY FIGURES 3M 2025 KEY FIGURES SOLVENCY YE 2024 – DETAILS SOLVENCY YE 2024 – DETAILS APPENDIX Please note that rounding differences may occur Gross written premiums are not part of IFRS 17/9 reporting 15 VIG VIENNA INSURANCE GROUP
Slide 16: VIG Share (I)
VIG SHARE (I) Number of common shares: 128,000,000 / ISIN: AT0000908504 General information Analyst recommendations (as of May 2025) Listings Ticker Rating Major Indices SELL BUY Vienna ▪ Stock Exchanges: VIG Standard & Poor’s: ATX 1 5 Prague ▪ Bloomberg: VIG AV / VIG CP / VIG XH A+, stable outlook
Slide 17: VIG Share (II)
VIG SHARE (II) Shareholder structure Free float split by region1 North America 31% Austria 29% ~72% Wiener Städtische ~28% Continental Europe 28% Versicherungsverein Free float (Mutual) UK & Ireland 8% Other 4% 1 Split of identified shares (Source: S&P Global, April 2025) 17 APPENDIX VIG VIENNA INSU
Slide 18: Appendix
18 APPENDIX VIG VIENNA INSURANCE GROUP
Slide 19: Contact details / Financial calendar
CONTACT DETAILS / FINANCIAL CALENDAR Investor Relations / investor.relations@vig.com / www.group.vig Nina Higatzberger-Schwarz Sylvia Hollerer Financial calendar 2025* Tel. +43 50 390-21920 Tel. +43 50 390-21919 Date Event nina.higatzberger@vig.com sylvia.hollerer@vig.com 12 Mar. 2025 Preliminary re
Slide 20: 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 21: VIG Vienna Insurance Group
VIG* VIENNA INSURANCE GROUP Protecting what matters.
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