Vienna Insurance Group Ag · VIE:VIG
Vienna Insurance — Q1 2024 Earnings Presentation
22 slides from Vienna Insurance's earnings presentation, May 29, 2024
Slide 1: 3M 2024 Update Presentation
3M 2024 UPDATE PRESENTATION Peter Höfinger, Deputy CEO Liane Hirner, CFRO Gábor Lehel, CIO Vienna, 29 May 2024
Slide 2: 3M 2024 Update: CEE, Global Assistance, Appendix
CEE 3M 2024 UPDATE GLOBAL ASSISTANCE APPENDIX Please note that rounding differences may occur 2 VIG VIENNA INSURANCE GROUP
Slide 3: Improved macroeconomic outlook for CEE
IMPROVED MACROECONOMIC OUTLOOK FOR CEE Eastern Europe recovery remains on track GDP forecast (real change in % against prev. year) 2024 2025 2026 For most CESEE countries 2024 will be better than 2023 Bulgaria 2,0 ↗ 2,5 3,0 ▪ GDP growth for the EU members in the region is forecasted at average of 2.
Slide 4: 20 years of EU enlargement to the East
20 YEARS OF EU ENLARGEMENT TO THE EAST VIG markets CZ, EE, HU, LV, LT, PL, SK, SL are becoming EU members as of 1 May 2004 Major developments GDP per capita as % of EU15 (in pps)1 ▪ CEE member states of the EU experienced dynamic 80 development since EU accession – within 20 years, GDP per capita gr
Slide 5: Risk awareness and risk literacy in CEE to be improved
RISK AWARENESS AND RISK LITERACY IN CEE TO BE IMPROVED VIG defines risk literacy as the ability to make informed and considerate decisions in relation to risks Risk literacy in CEE according to a representative study not particularly strong The global protection gap (need in % of economic loss)1 ▪ 7
Slide 6: 3M 2024 Update: CEE, Global Assistance, Appendix
CEE 3M 2024 UPDATE GLOBAL ASSISTANCE APPENDIX Please note that rounding differences may occur 6 VIG VIENNA INSURANCE GROUP
Slide 7: Premiums & solvency overview
PREMIUMS & SOLVENCY OVERVIEW Strong start into the business year 2024 Gross written premiums (IFRS 17) Solvency ratio Dividend per share € 4,296.9mn 262 % € 1.40 ▪ Double-digit premium growth of 11% ▪ Q1 2024 including transitionals ▪ Dividend proposal of € 1.40 per share was approved by the Annual
Slide 8: Strong top-line development in the first quarter
STRONG TOP-LINE DEVELOPMENT IN THE FIRST QUARTER Gross written premiums (€ mn) ▪ Overall, strong premium growth resulting in total GWP 1,400.2 of € 4,296.9mn Austria +7.8% 1,510.0 ▪ Premium growth in Austria primarily due to the index adjustments in non-life insurance and growth of the new 624.0 bus
Slide 9: Solvency ratio development
SOLVENCY RATIO DEVELOPMENT Solvency position (including transitionals) of VIG Group 300% 280% 282% 269% 262% 250% 200% 150% 100% 50% 0% 31/12/2022 30/06/2023 31/12/2023 31/03/2024 Solvency ratio 9 3M 2024 UPDATE VIG VIENNA INSURANCE GROUP
Slide 10: YE 2023: Solvency ratio of VIG Group decreased to 269%
YE 2023: SOLVENCY RATIO OF VIG GROUP DECREASED TO 269% Solvency position YE 2023 compared to YE 2022 VIG AG (€ mn) 31/12/2022 31/12/2023 Basic solvency capital requirement 4,544 4,417 Market risk 2,711 2,715 12,000 Counterparty default risk 376 327 280% YE 2022 269% Life underwriting risk 2,156 1,96
Slide 11: YE 2023: Sensitivity analysis
YE 2023: SENSITIVITY ANALYSIS Market sensitivities as of 31/12/2023 30.0% 20.0% 16.5% 10.0% 7.3% 0.0% -10.0% -14.9% -20.0% -19.0% -30.0% Interest rate curves Interest rate curves Standard equity Spread on bonds +100bps -100bps -25% +50bps ∆ Solvency Ratio Interest rate 100 basis points shift of the
Slide 12: Executive summary
EXECUTIVE SUMMARY Solid operative performance of VIG Group companies VIG on track to achieve targeted outlook for 2024 ▪ Double-digit premium growth for 3M 2024 upholds the positive performance trend of VIG ▪ VIG is well on track to achieve the targeted profit before taxes within a range of EUR 825
Slide 13: 3M 2024 Update: CEE, Global Assistance, Appendix
CEE 3M 2024 UPDATE GLOBAL ASSISTANCE APPENDIX Please note that rounding differences may occur 13 VIG VIENNA INSURANCE GROUP
Slide 14: Global Assistance
GLOBAL ASSISTANCE Continuing to grow in terms of geography and services NO █ Global Assistance companies Global Assistance in figures SE █ Cooperation models EE ▪ 10 companies are active in selected VIG markets, █ Global Assistance pipeline 2024 out of which 7 are greenfield operations LV ▪ Global A
Slide 15: Assistance strategy framework
ASSISTANCE STRATEGY FRAMEWORK Strong community focusing on customer satisfaction and increased profitability services Horizon B2B Horizon B2C Global Assistance Global Assistance Direct Client for VIG Companies for Third Party Business ▪ Preferred partnership ▪ Economies of scale leading to ▪ Further
Slide 16: 3M 2024 Update: CEE, Global Assistance, Appendix
CEE 3M 2024 UPDATE GLOBAL ASSISTANCE APPENDIX Please note that rounding differences may occur 16 VIG VIENNA INSURANCE GROUP
Slide 17: VIG Share (I)
VIG SHARE (I) Number of common shares: 128,000,000 / ISIN: AT0000908504 General information Analyst recommendations (as of May 2024) Listings Ticker Rating Major Indices SELL BUY Vienna ▪ Stock Exchanges: VIG Standard & Poor’s: ATX 1 4 Prague ▪ Bloomberg: VIG AV / VIG CP / VIG XH A+, stable outlook
Slide 18: 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) 18 APPENDIX VIG VIENNA INSURA
Slide 19: Appendix
19 APPENDIX VIG VIENNA INSURANCE GROUP
Slide 20: 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 21: 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 22: VIG Vienna Insurance Group
VIG* VIENNA INSURANCE GROUP Protecting what matters.
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