Vienna Insurance Group Ag · VIE:VIG
Vienna Insurance — Vienna Insurance Grp Ord — 9M 2024 Earnings Presentation
18 slides from Vienna Insurance's earnings presentation, Nov 26, 2024
Slide 1: 9M 2024 Update Presentation
9M 2024 UPDATE PRESENTATION Liane Hirner, CFRO Peter Höfinger, Deputy CEO Vienna, 26 November 2024
Slide 2: Highlights & CEE
HIGHLIGHTS & CEE 9M 2024 UPDATE APPENDIX Please note that rounding differences may occur 2 VIG VIENNA INSURANCE GROUP
Slide 3: Highlights
HIGHLIGHTS Continued growth in the first three quarters Despite NatCat event Boris strong profit before taxes development ▪ Sound business performance underpinned by top-line growth in both gross written premiums (+8.0%) and insurance service revenue (+9.3%) − All segments contributing to top-line g
Slide 4: Strengthened market position post-merger in Poland
STRENGTHENED MARKET POSITION POST-MERGER IN POLAND VIG operating in Poland with three companies Announced mergers successfully completed ▪ Non-life − Compensa and Wiener are operating as Compensa from 1 July 2024 − InterRisk remains a separate company and brand ▪ Life − Compensa Life, Vienna Life an
Slide 5: Solid macroeconomic outlook for CEE
SOLID MACROECONOMIC OUTLOOK FOR CEE Central and Eastern Europe recovery remains on track despite downward drag from Germany Real GDP average annual change Strong private consumption driving growth in the CEE region in 2025-2026 2024 – 2028 China + 4.0% ▪ GDP growth for the EU members in the region i
Slide 6: Highlights & CEE
HIGHLIGHTS & CEE 9M 2024 UPDATE APPENDIX Please note that rounding differences may occur Gross written premiums are not part of IFRS 17/9 reporting 6 VIG VIENNA INSURANCE GROUP
Slide 7: Continuous strong performance of VIG in the first nine months
CONTINUOUS STRONG PERFORMANCE OF VIG IN THE FIRST NINE MONTHS Strong development with solid top- and bottom-line growth and stable combined ratio Insurance service revenue Profit before taxes € 8,960.9mn € 666.5mn ▪ Revenue up by 9.3% ▪ PBT increased by 8.5% ▪ 9M 2023: € 8,196.7mn ▪ 9M 2023: € 614.0
Slide 8: Gross written premiums of EUR 11.5 billion up by 8.0%
GROSS WRITTEN PREMIUMS OF EUR 11.5 BILLION UP BY 8.0% Gross written premiums by segments (€ mn) +6.5% 4,271.9 +11.2% 4,041.8 3,578.6 3,361.2 3,330.1 2,993.6 2,574.8 +1.6% 2,316.7 2,243.4 1,769.0 1,797.9 +6.6% 1,510.0 1,524.6 +30.2% 1,213.0 1,150.2 1,226.5 1,142.0 941.4 1,001.7 795.2 769.1 620.5 686.
Slide 9: Insurance service revenue of € 9.0 billion up by 9.3%
INSURANCE SERVICE REVENUE OF € 9.0 BILLION EURO UP BY 9.3% Insurance service revenue by segments (€ mn) ▪ AT: Solid insurance service revenue up by € 152.7mn driven by 2,489.7 non-life business (PAA) Austria +6.1% 2,642.4 ▪ CZ: Stable revenue growth based on positive developments in the motor and ot
Slide 10: Solvency ratio development
SOLVENCY RATIO DEVELOPMENT Solvency position (including transitionals) of VIG Group 269% 262% 265% 259% 10,345 10,287 10,477 10,545 3,847 3,921 3,950 4,072 31/12/2023 31/03/2024 30/06/2024 30/09/2024 Solvency II own funds (€ mn) SCR (€ mn) Solvency ratio (%) 10 9M 2024 UPDATE VIG VIENNA INSURANCE GR
Slide 11: Executive summary
EXECUTIVE SUMMARY VIG well on track to reach 2024 target Confirmation of guidance for 2024 ▪ Profit before taxes expected on the upper end of announced target range of EUR 825 to EUR 875 million for 2024 − Strong performance in Austria despite impact of NatCat event Boris in CEE; growth driven by no
Slide 12: Highlights & CEE
HIGHLIGHTS & CEE 9M 2024 UPDATE APPENDIX Please note that rounding differences may occur 12 VIG VIENNA INSURANCE GROUP
Slide 13: VIG Share (I)
VIG SHARE (I) Number of common shares: 128,000,000 / ISIN: AT0000908504 General information Analyst recommendations (as of Nov 2024) 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 14: VIG Share (II)
VIG SHARE (II) Shareholder structure Free float split by region1 North America 32% Austria 29% ~72% Wiener Städtische ~28% Continental Europe 28% Versicherungsverein Free float (Mutual) UK & Ireland 7% Other 4% 1 Split of identified shares, May 2024 (Source: S&P Global) 14 APPENDIX VIG VIENNA INSURA
Slide 15: Appendix
15 APPENDIX VIG VIENNA INSURANCE GROUP
Slide 16: 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 17: 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 18: Vienna Insurance Group
VIG* VIENNA INSURANCE GROUP Protecting what matters.
Vienna Insurance Grp Ord — 9M 2024 Earnings Presentation on 6ix