Vienna Insurance Group AG · VIE:VIG
Vienna Insurance — Investor Presentation (October 2021)
35 slides from Vienna Insurance's investor presentation, October 2021
Slide 1: Protecting What Matters
PROTECTING WHAT MATTERS. October 2021 CORPORATE PRESENTATION VIG VIENNA INSURANCE GROUP
Slide 2: Overview
OVERVIEW VIG* VIENNA INSURANCE GROUP. Protecting what matters.
Slide 3: Welcome to Vienna Insurance Group!
WELCOME TO VIENNA INSURANCE GROUP! We are the leading 30 Around Represented in 50 insurance group in Central and Eastern Europe. Group companies countries 25,000 22 Cooperation with More than More than Erste Group million the largest retail bank in CEE employees customers VIG share listed A+ Standar
Slide 4: At Home in 30 Countries
AT HOME IN 30 COUNTRIES 4 OVERVIEW VIG VIENNA INSURANCE GROUP
Slide 5: Capital Markets – Key Facts About VIG Share
CAPITAL MARKETS – KEY FACTS ABOUT VIG SHARE MAIN SHAREHOLDER FREE FLOAT STANDARD & POOR´S ~72% Wiener Städtische Versicherungsverein ~28% VIG share is listed on the ATX, A+ rating with stable outlook the index of leading shares on the Vienna Stock Exchange, and on the Prague Stock Exchange DIVIDEND
Slide 6: The Leading Insurance Group in CEE
THE LEADING INSURANCE GROUP IN CEE Our market position in Central and Eastern Europe No. 1 Top 5 <or>10 Austria Albania Belarus 1 Baltic states Bosnia and Hungary Bulgaria Herzegovina Montenegro Czech Republic Croatia Slovenia 10 Georgia Kosovo Turkey 4 North Macedonia Moldova Romania Poland 1 3 Slo
Slide 7: You Can Count on Us – Key Figures 2020
YOU CAN COUNT ON US KEY FIGURES 2020 COMBINED RATIO 95 % PREMIUM VOLUME PROFIT (BEFORE TAXES) € 10.4 bn € 346 mn SOLVENCY RATIO FINANCIAL RESULT INVESTMENTS NET RESULT 238 % € 596,3 mn € 36.6 bn € 231.5 mn 7 OVERVIEW VIG VIENNA INSURANCE GROUP
Slide 8: You Can Count on Us – Key Figures 1st HY 2021
YOU CAN COUNT ON US KEY FIGURES 1st HY 2021 COMBINED RATIO 95.2% PREMIUM VOLUME PROFIT (BEFORE TAXES) € 5.77bn € 251.4m SOLVENCY RATIO FINANCIAL RESULT* INVESTMENTS NET RESULT 267 % € 353.6 m € 37.5 bn € 186.3 m *incl. the result from at equity consolidated companies 8 OVERVIEW VIG VIENNA INSURANCE
Slide 9: Our Management
OUR MANAGEMENT Elisabeth Stadler Gerhard Lahner Harald Riener Peter Höfinger Hartwig Löger Liane Hirner COO Gábor Lehel CEO Member of the Member of the Peter Thirring Chairwoman of the Deputy CEO CFRO Member of the CIO Managing Board Managing Board CTO Managing Board Deputy Chairman of the Member of
Slide 10: First Mover in CEE
FIRST MOVER IN CEE Expansion to Eastern Europe shortly after the fall of the Iron Curtain 1989 1 bn Euro Premium volume ~5,600 employees 3 Group companies Austria 1996 1999 2002 2004 2007 2010 2014 Hungary Liechtenstein Bulgaria Slovenia Albania Montenegro Moldova Croatia Belarus Ukraine Kosovo Ital
Slide 11: A Look at Our History
A LOOK AT OUR HISTORY The Group’s origins go back to 1824. 1824 Second World War 1952 14 June 1955 1971 Both office buildings on A new headquarters on The Ringturm – Austria’s Acquisition of a stake in Kärntner Ring in Vienna Vienna’s Schottenring is first modern high-rise Donau Versicherung AG are
Slide 12: Insight
INSIGHT VIG* VIENNA INSURANCE GROUP. Protecting what matters.
Slide 13: Our Mission Statement
OUR MISSION STATEMENT 13 INSIGHT VIG VIENNA INSURANCE GROUP
Slide 14: Our Values
OUR VALUES DIVERSITY CUSTOMER PROXIMITY RESPONSIBILITY Because of our presence in 30 We have strong roots, both We draw on experience to countries, primarily in Central and internationally and locally. Thanks to safeguard our customers’ futures Eastern Europe, we have an in-depth our local employees
Slide 15: Our Corporate Strategy
OUR CORPORATE STRATEGY We focus on providing our customers in CEE with customised products and services tailored to their needs. Our strategy is geared towards long- term profitability and continuous earnings growth, making us a reliable and stable partner in rapidly changing times. The core element
Slide 16: Our Management Principles
OUR MANAGEMENT PRINCIPLES 1 Local entrepreneurship Knowledge of local needs and markets Decentralised structures and efficient decision-making procedures Multi-brand strategy 2 Around 50 Group companies in 30 countries Utilisation of established local brands 3 Multi-channel distribution Various dist
Slide 17: Outlook
OUTLOOK VIG* VIENNA INSURANCE GROUP. Protecting what matters.
Slide 18: Our Strategic Programme
OUR STRATEGIC PROGRAMME With the strategic programme “VIG 25“, we are building on the foundations of previous years 2011 2016 2021 STRATEGY 2011 Specifying the strategy for sustainable growth in direct AGENDA 2020 insurance Management programme Initiatives implemented as a VIG 25 continuation of Str
Slide 19: Highlights of Implemented Measures 2017-2020
HIGHLIGHTS OF IMPLEMENTED MEASURES 2017-2020 Bancassurance Cooperation with Erste Group extended until the end of 2033 Shared services and mergers Selling of insurance via George 13 mergers in 11 countries Health insurance Anti-fraud Premium increase by 122% in the focus countries Bulgaria,
Slide 20: Strategic Programme VIG 25
STRATEGIC PROGRAMME VIG 25 Within the three “VIG 25“ Group targets, we set a strong focus on social commitment in addition to financial key figures 1 2 3 Expansion of the Achieving ESG-related goals in Creation of sustainable Group’s leading position respect of the society, value in CEE customers an
Slide 21: Strategic Programme VIG 25 – Country Portfolios
STRATEGIC PROGRAMME VIG 25 Sharpened country portfolios to further strengthen customer proximity and comparative cost advantages CEE Special markets CEE Core market “Central and Eastern Europe“ including Austria Special markets Belarus Italy France Liechtenstein Georgia Nordics Germa
Slide 22: We Still See Great Potential in CEE
WE STILL SEE GREAT POTENTIAL IN CEE Insurance density in CEE is significantly lower than in Western Europe and Austria Insurance density 2020 in EUR (premiums per capita) Austria 2 016 Slovenia 1 226 Czech Republic 586 Slovakia 461 Poland 376 Estonia 353 Hungary 351 Croatia 344 Lithuania 342 Latvia
Slide 23: Forecast for 2021
FORECAST FOR 2021 Estimates taking into account current developments and major uncertainty factors Premium volume at the level of 2020 Profit before taxes EUR 450 – 500 mn Combined ratio ~ 95% 23 OUTLOOK VIG VIENNA INSURANCE GROUP
Slide 24: Foresight
FORESIGHT VIG* VIENNA INSURANCE GROUP Protecting what matters.
Slide 25: Digitisation and Innovations
DIGITISATION AND INNOVATIONS Around 180 ongoing projects by VIG Group companies Internal measures Digitisation Hub Poland Setup of own start-ups and hubs (e.g. viesure, beesafe) Group-wide competition VIG Xelerate External measures Cooperation with Digital Impact Labs Leipzig Coopera
Slide 26: Our Employer Branding
OUR EMPLOYER BRANDING Vienna Insurance Group is committed to being an attractive employer and strengthening its position in this regard. This is reflected in our professional corporate image and the respect we show for job applicants. In 2020, our efforts were awarded multiple times. However, excell
Slide 27: Our Sustainability Strategy
OUR SUSTAINABILITY STRATEGY We are a responsible, forward-looking company, and we are committed to linking our financial targets with social and environmental aspects. Our activities are focused on: CSR IN OUR CORE BUSINESS SOCIETY Sustainable management and compliance Involving the community with r
Slide 28: CSR and ESG in the VIG Group
CSR AND ESG IN THE VIG GROUP REPORTING INCREASED INVESTMENTS DECLARATION OF SUPPORT Sustainability Report 2020 EUR 238.2 million was invested in green UN Global Compact joined in with expanded presentation bonds in 2020 (2019: 154.3 million). This March 2021. Commitment to of management approaches w
Slide 29: Sustainable Investment
SUSTAINABLE INVESTMENT Placement of first senior sustainability bond (EUR 500 million, 15 years) Maturity was a special challenge Participation by a wide variety of for the market and VIG investors and the ECB 15 years was the longest maturity that a Around 50 institutional investors in 12 financial
Slide 30: Diversity Is One of Our Best Ingredients
DIVERSITY IS ONE OF OUR BEST INGREDIENTS BCG GENDER DIVERSITY INDEX AUSTRIA 2020 Awarded with second place under Austria‘s most diverse companies by BCG BCG* Gender Diversity Index Austria 2020 The index analyses the gender balance and pay gaps in the managing and supervisory board for the 50 larges
Slide 31: Social Commitment
SOCIAL COMMITMENT Fulfilling our social responsibility to people in the 30 countries where the Group is represented, by promoting numerous projects, reflects the company’s perception of itself. Many of these initiatives are in general supported by the Group’s main shareholder, Wiener Städtische Vers
Slide 32: Excellent Employer
EXCELLENT EMPLOYER FORBES 2020 – WORLD’S BEST EMPLOYERS RANKING Listed again by Forbes as one of the 750 best employers in the world BEST RECRUITERS D-A-CH VIG Holding leads insurance sector again and is among the Top 20 employers in the German-speaking countries BEST RECRUITERS AUSTRIA 2020/2021 VI
Slide 33: Recent Awards
RECENT AWARDS FORBES GLOBAL 2000 – AMONG THE WORLD’S LARGEST PUBLIC COMPANIES Ranked 1186 in the 2021 Forbes ranking - as fifth largest Austrian company AMONG THE TOP 3 MOST IMPORTANT INSURANCE COMPANIES IN AUSTRIA A study by market Institut selected VIG among the three most important insurance comp
Slide 34: VIG: Vienna Insurance Group
~_ee VIG: VIENNA INSURANCE GROUP Protecting what matters.
Slide 35: Publication Details
PUBLICATION DETAILS Presentation last updated October 2021 Publisher and proprietor Vienna Insurance Group 1010 Wien, Schottenring 30, FN 75687 f Contact details Address: Schottenring 30, Postfach 80 A-1011 Vienna, Austria Tel.: +43 (0)50 390 ext. 22000 E-mail: info@vig.com Website: www.vig.com Prod
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