Vienna Insurance Group Ag · VIE:VIG
Vienna Insurance — Equity Forum, German Fall Conference 2026
44 slides from Vienna Insurance's conference presentation, 2026
Slide 1: Vienna Insurance Group Investor presentation
Vienna Insurance Group Investor presentation Equity Forum, German Fall Conference 2026
Slide 2: Agenda
Agenda VIG introduction & strategy 6M 2026 results Appendix Please note that rounding differences may occur Gross written premiums are not part of IFRS 17/9 reporting 2
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 36mn Excellent S&P rating 36 customers served by ~34,000 A+ of A+ w
Slide 5: Earnings growth through challenging times
Earnings growth through challenging times VIG has successfully navigated economic, geopolitical, inflationary, natural catastrophe and pandemic events € 1,161mn PBT € 881.8mn 20251: ▪ ~30,000 employees € 518.4mn € 521.6mn € 441.2mn ▪ >50 insurance companies European & pension funds € 155mn cold wave
Slide 6: Further strengthening resilience by actively steering risks
Further strengthening resilience by actively steering risks Challenges VIG’s approach AI and cybersecurity AI programme; operational excellence Focus on CEE countries with relatively Geopolitical tensions higher and stable growth potential Regulatory challenges create Group-wide solutions huge admin
Slide 7: Growing segments broaden diversification
Growing segments broaden diversification Continuously increasing earnings over the years Profit before taxes by segments1 (€ mn) Strong core markets Austria and Czechia continue to grow and remain strongest earning contributors +6% p.a. 434.5 Enhanced resilience Poland, Extended CEE and Special 285.
Slide 8: Diversified portfolio & multi-channel distribution
Diversified portfolio & multi-channel distribution Increases resilience to market changes & strengthens competitive position Gross written premiums split Multi-channel distribution 8% Various distribution channels 35% Special Markets Strongly customer-oriented distribution with local channel mix tai
Slide 9: Long-term growth potential in CEE
Long-term growth potential in CEE Annual insurance spending as indicator for growth potential Insurance density 2025 (premiums per capita, in €) 3,036 2,422 1,703 840 612 598 586 497 534 537 457 429 282 250 272 238 174 160 114 103 72 47 Bosnia- Bulgaria Slovakia Albania Germany Lithuania Estonia Pol
Slide 10: Insurance needs evolve with rising prosperity
Insurance needs evolve with rising prosperity The product demand timeline: from protecting to securing the life you want Prosperity level Primary need Key drivers Aging & longevity High 5 Secure health & Health, Care, Rising healthcare costs quality of life Legal Protection Indicative Healthcare qua
Slide 11: VIG is well-positioned to benefit
VIG is well-positioned to benefit Turning CEE growth into revenue depends on local position, distribution and product range What it takes to succeed in CEE Why VIG stands out 1 Strong market positions are critical to build customer trust, ensure VIG is the leading insurance group in CEE, offering sc
Slide 12: VIG strategy framework
VIG strategy framework Four elements forming a framework for the local companies’ targets to ensure the long-term success of the Group Group programmes Five distinctive group-wide programs in which all local companies participate Group programmes Designed to support objectives and strategic implicat
Slide 13: Country portfolio & company strategies
country portfolio & company strategies Employees – foster people and culture Expand the customer base Participation in Great Place to Work, developing Service excellence by personalization of offers and EES CUS career opportunities and strengthening internal services with AI supported solutions to i
Slide 14: Financial targets 2028
financial targets 2028 VIG quantitative 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 ther
Slide 15: Agenda
Agenda VIG introduction & strategy 6M 2026 results Appendix Please note that rounding differences may occur Gross written premiums are not part of IFRS 17/9 reporting 15
Slide 16: Key figures for the half-year 2026
Key figures for the half-year 2026 VIG remains on a profitable growth trajectory Gross written premiums Insurance service revenue Profit before taxes € 9,031.6mn € 6,849.9mn € 641.5mn GWP up by 5.4% Revenue up by 7.1% PBT up by 20.7% 6M 2025: € 8,569.5mn 6M 2025: € 6,396.9mn 6M 2025: € 531.4mn P&C n
Slide 17: Gross written premiums up by 5.4% to € 9.0bn
Gross written premiums up by 5.4% to € 9.0bn Gross written premiums by segments; 6M 2026 (€ mn) +6.4% +3.6% 4,873.2 4,742.0 3,751.2 3,644.5 2,807.6 +8.1% 2,709.1 2,629.4 2,559.8 2,470.1 +8.3% 1,935.8 -1.6% 1,832.4 1,673.6 1,587.3 1,399.0 1,391.8 1,322.6 1,294.4 1,186.4 915.8 991.8 714.0 817.2 803.8
Slide 18: Insurance service revenue up by 7.1% to € 6.8bn
Insurance service revenue up by 7.1% to € 6.8bn Insurance service revenue by segments; 6M 2026 (€ mn) 1,831.5 Austria: Insurance service revenue grew by € 65.2mn Austria +3.6% driven by non-life and health insurance 1,896.7 Czechia: Strong revenue growth of € 95.3mn based on 1,098.2 the positive per
Slide 19: Solid growth across all lines of business
Solid growth across all lines of business Insurance service revenue by lines of business, incl. Group Functions; 6M 2026 (€ mn) MTPL Casco Other property Insurance service revenue +7.1% 6M 2025 1,241.1 1,048.6 3,206.3 6,849.9 6,396.9 486.0 +5.6% +6.2% +6.6% 411.0 461.0 456.4 67.3 60.8 573.2 6M 2026
Slide 20: Result before taxes of € 641.5mn up by 20.7%
Result before taxes of € 641.5mn up by 20.7% Result before taxes by segments; 6M 2026 (€ mn) 204.6 Austria: Result up by € 22.9mn mainly attributable to Austria +11.2% the the positive performance of the total capital investment 227.5 result in life, driven by the favourable yield curve developments
Slide 21: P&C net combined ratio improved to 91.4%
P&C net combined ratio improved to 91.4% Discounting impact on claims ratio in 6M 2026 of 3.6% Net insurance service expenses of € 4,404.4mn (6M25: € 4,170.8mn) / Net insurance service revenue of € 4,821.2mn (6M25: € 4,536.7mn) Improvement of the combined ratio supported by a lower overall claims bu
Slide 22: L/H contractual service margin & new business
L/H contractual service margin & new business 6M 2026 Life/Health CSM roll-forward (€ mn) +1.3% CSM New Business 86 1 41 € 252mn 4 -299 252 6,307 PV NB premiums 6,223 € 2,797mn CSM net New Business CSM interest Changes in Other changes FX effect CSM release CSM net 01/01/2026 accretion Variable Fee
Slide 23: Investment split
Investment split Conservative and stable investment strategy Investment split Bond portfolio by rating1 0.8% 31/12/2025 13.9% 23.1% 37.5% 19.0% 6.5% 3.4% 5.0% 7.3% 30/06/2026 13.5% 22.6% 38.6% 19.1% 6.2% 1.8% AAA AA A BBB Other 9.5% € 39.1bn 30/06/2026 Bond portfolio by issuer 72.2% 31/12/2025 57.4%
Slide 24: Solvency II ratio
Solvency II ratio VIG Group’s Solvency position including and excluding transitional measures Solvency II ratio Solvency II ratio including transitional measures excluding transitional measures 272% 258% 13,404.5 12,757.0 4,931.0 4,938.5 30/06/2026 30/06/2026 Solvency calculation as of 30/06/2026 in
Slide 25: Executive summary & outlook
Executive summary & outlook VIG well on track at half-year 2026 Guidance for 2026 affirmed Good gross written premiums development, with Poland (+8.3%), Czechia (+8.1%) and Extended CEE (+6.4%) outperforming VIG’s overall premium growth of 5.4% Slight decrease in Special Markets (-1.6%) driven by Tü
Slide 26: Agenda
Agenda VIG introduction & strategy 6M 2026 results Appendix Please note that rounding differences may occur Gross written premiums are not part of IFRS 17/9 reporting 26
Slide 27: Experienced Managing Board
Experienced Managing Board Extensive experience in insurance industry & specific country responsibilities Hartwig Peter Gerhard Höfinger Lahner Liane Löger Hirner 1st Deputy CEO, CEO, 2nd Deputy CEO, COO, 1st Deputy Chairman CFRO, Chairman of the 2nd Deputy Chairman of the Managing Member of the Man
Slide 28: Values & management principles
Values & management principles VIG Group strategy 2026-2028 Values Principles VIG operates as a ‘Group’ and creates significant Plurality economic added value through entrepreneurship and Communication provides for transparency multi-brand strategy and drives efficient and effective exchange within
Slide 29: Top European primary insurance groups
Top 15 European primary insurance groups VIG as the 3rd fastest growing group in Europe (excl. NÜRNBERGER acquisition) 2025 YoY revenue growth Insurance service revenue 2025 (€ bn) VIG is the market leader in its home region, Central and Aviva 21.2% Allianz 102.8 Eastern Europe (CEE), with a Crédit
Slide 30: Dividend of € 1.73 per share for the year 2025
Dividend of € 1.73 per share for the year 2025 Continuous dividend payout since 1994 Dividend in line with dividend policy Dividend policy € 1.73 In terms of dividend continuity and € 1.55 predictability, VIG aims to pay a dividend € 1.40 per share that is at least equal to that of the previous year
Slide 31: 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 32: 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 Reduction of emissions to net zero by 2050 A ETY MANA SSET Risk literacy CI GE Investment in green bonds SO
Slide 33: Transition plan for climate protection
Transition plan for climate protection Net zero by 2050 – steps on the path to decarbonisation 2023: 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 34: Portfolio diversification
Portfolio diversification Gross written premiums Insurance service revenue Profit before taxes Special Special Special Markets Markets Markets 9% 10% 8% Austria Austria 29% Austria 33% 36% Extended Extended GWP Extended ISR CEE 31% PBT CEE 30% 6M 2026 CEE 31% 6M 2026 6M 2026 18% 16% 11% Czechia 9% 1
Slide 35: Group income statement
Group income statement 6M 2026 (€ mn) 6M 2026 6M 2025 +/- % Insurance service revenue up by € 453.0mn driven by Insurance service result 719.4 696.1 3.3 growth especially in Czechia, Austria, Türkiye, Hungary, Insurance service revenue - issued business 6,849.9 6,396.9 7.1 Poland, Romania, Slovakia
Slide 36: Segment overview
Segment overview Gross written premiums Insurance service revenue Result before taxes P&C net combined ratio in € mn in € mn in € mn in % 6M 2026 6M 2025 +/- % 6M 2026 6M 2025 +/- % 6M 2026 6M 2025 +/- % 6M 2026 6M 2025 +/- pp Austria 2,807.6 2,709.1 3.6 1,896.7 1,831.5 3.6 227.5 204.6 11.2 90.6 90.
Slide 37: Additional figures
Additional figures Operating Return on Equity € mn 30/06/2026 31/12/2025 31/12/20241 Shareholders’s equity 7,604.8 7,331.4 6,558.9 Unrealised gains and losses recognised in equity1 -259.2 -255.9 -195.7 Adjusted shareholders’ equity 7,345.6 7,075.5 6,363.2 Average adjusted shareholders’ equity 7,210.
Slide 38: 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 39: VIG share (I)
VIG share (I) Number of common shares: 128,000,000 | ISIN: AT0000908504 General information Analyst recommendations (as of Aug 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 40: VIG share (II)
VIG share (II) Shareholder structure Free float split by region1 Continental Europe 31% Austria 27% ~72% Wiener Städtische ~28% North America 25% Versicherungsverein Free float (Mutual) UK & Ireland 15% Other 2% 1 Split of identified shares (Source: S&P Global, May 2026) 40 Appendix
Slide 41: Appendix
4 SIGMA. VIG WIENER STADTISCHE @lonav kynana dl WIENER OSIGURANJE Yen We are Number 1 in Central and Eastern Europe Appendix Bosnia Herzegovina sons vs cei euisreaD SIGMA! WINNER pot sutsT®@ 40 ee) een COMPENSA dt Seesam Slovenia aad WIENER: WIENER SE Ed Ed = TREE VIENNA-LIFE CCOMPENSA di TE) inter
Slide 42: 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 43: 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 44: Vienna Insurance Group
44 VIG* VIENNA INSURANCE GROUP Vienna Insurance Group
Vienna Insurance Group — Equity Forum, German Fall Conference 2026 on 6ix