Vienna Insurance Group Ag · VIE:VIG

Vienna Insurance — The Finest CEElection Equity Conference 2025

41 slides from Vienna Insurance's conference presentation, May 2025

  1. Slide 1: The Finest CEElection Equity Conference 2025

    VIENNA INSURANCE GROUP The Finest CEElection Equity Conference 2025 Warsaw, May 2025

  2. Slide 2: Well diversified and solidly capitalised insurance group

    WELL DIVERSIFIED AND SOLIDLY CAPITALISED INSURANCE GROUP WITH CONTINUOUS DIVIDEND PAYOUTS SINCE 1994 Represented in More than Insurance service revenue of € 12.1bn at YE 2024 30 markets 50 insurance companies and pension funds Life1 MTPL 13.2% 17.5% Around S&P Rating Health 6.9% 33mn customers serve

  3. Slide 3: VIG – Leading insurance group in CEE

    Top 3 VIG – LEADING INSURANCE GROUP IN CEE Austria Albania VIG as early mover with excellent market shares FI Baltic states Bulgaria Czech Republic NO Hungary North Macedonia Market positions SE Romania Country Total Market Share EE Slovakia Non-life Life Total 2 Ukraine Austria 1 1 1 22.6% LV Czech

  4. Slide 4: Taking advantage of the long-term growth potential in CEE

    TAKING ADVANTAGE OF THE LONG-TERM GROWTH POTENTIAL IN CEE Annual insurance spending as indicator for growth potential Insurance density 2024 (premiums per capita, in €) Insurance density in 2024 in 1,284 Austria: € 2,322 764 551 547 543 500 499 469 436 375 267 210 212 167 161 143 106 89 70 36 Hungar

  5. 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

  6. Slide 6: Success is built on diversified and resilient business model

    SUCCESS IS BUILT ON DIVERSIFIED AND RESILIENT BUSINESS MODEL VIG‘s 4 proven management principles Local entrepreneurship Multi-brand policy  Knowledge of local needs and markets  Utilisation of established local brands  Local identification  Decentralised structures & through market-specific bra

  7. Slide 7: VIG 25 strategic programme secures further dynamic development

    VIG 25 STRATEGIC PROGRAMME SECURES FURTHER DYNAMIC DEVELOPMENT VIG aims to be at least one of the Top 3 insurance groups in each CEE market (except Slovenia) Optimise operational excellence by OBJECTIVES  simplification and automation of processes VIG 25 STRATEGIC  exchange and implement best prac

  8. Slide 8: Group-wide sustainability programme complements VIG 25

    GROUP-WIDE SUSTAINABILITY PROGRAMME COMPLEMENTS VIG 25 STRATEGIC PROGRAMME Sustainability in VIG means creating economic value today without doing so at the expense of tomorrow Social focus Environmental focus Objectives Objectives  Promote risk literacy  Reduce emissions of investment  Grow corp

  9. Slide 9: 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 The aim of the Paris Agreement is from the base y

  10. Slide 10: Dividend of € 1.55 per share up by 10.7%

    DIVIDEND OF € 1.55 PER SHARE UP BY 10.7% Dividend payment day on 28 May 2025 Dividend per share Dividend policy of VIG € 1.55  Minimum dividend set at the previous year’s level based on capital strength of € 1.40 the Group and to reflect the resilience of € 1.30 the business model € 1.25  The divi

  11. Slide 11: Executive summary & outlook

    EXECUTIVE SUMMARY & OUTLOOK Solid growth in the first quarter 2025  Solid business performance underpinned by growth in gross written premiums (+8.3%), insurance service revenue (+8.1%), and profit before taxes (+7.5%) − All segments except Group Functions with top-line growth − Extended CEE and Sp

  12. Slide 12: VIG in a nutshell

    VIG IN A NUTSHELL Well-diversified M&A based on Strong over countries Resilient VIG 25 strategic Sustainability strong footprint capitalisation and lines of business model programme programme and selective and continuous business approach dividend payer  Leading insurance  Local entrepreneurship 

  13. Slide 13: 3M 2025 key figures

    3M 2025 KEY FIGURES 12M 2024 RESULTS APPENDIX Please note that rounding differences may occur Gross written premiums are not part of IFRS 17/9 reporting 13 VIG VIENNA INSURANCE GROUP

  14. Slide 14: 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%

  15. Slide 15: 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.

  16. Slide 16: 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

  17. Slide 17: 12M 2024 results

    3M 2025 KEY FIGURES 12M 2024 RESULTS APPENDIX Please note that rounding differences may occur Gross written premiums are not part of IFRS 17/9 reporting 17 VIG VIENNA INSURANCE GROUP

  18. Slide 18: Strong full year performance of VIG in FY2024

    STRONG FULL YEAR PERFORMANCE OF VIG IN FY2024 Double-digit top and bottom-line growth Gross written premiums Insurance service revenue Profit before taxes € 15,226.3mn € 12,138.5mn € 881.8mn  Premiums up by 10.5%  Revenue up by 11.1%  PBT increased by 14.1%  12M 2023: € 13,784.0mn  12M 2023: €

  19. Slide 19: Group income statement

    GROUP INCOME STATEMENT 12M 2024 (€ mn) 12M 2024 12M 2023 +/- % Insurance service result 1,186.4 1,208.1 -1.8  Insurance service revenue up by € 1,216.7mn with Insurance service revenue - issued business 12,138.5 10,921.8 11.1 all segments contributing to the growth, mainly Insurance service revenue

  20. Slide 20: Insurance service revenue of € 12.1 billion up by 11.1%

    INSURANCE SERVICE REVENUE OF € 12.1 BILLION EURO UP BY 11.1% Insurance service revenue by segments; 12M 2024 (€ mn) 3,307.4 Austria +7.1%  AT: Insurance service revenue up by € 235.8mn driven by non- 3,543.2 life business (PAA)  CZ: Slight revenue growth based on positive developments in 2,040.1 C

  21. Slide 21: Insurance service revenue growth in all lines of business except life with profit participation

    INSURANCE SERVICE REVENUE GROWTH IN ALL LINES OF BUSINESS EXCEPT FOR LIFE WITH PROFIT PARTICIPATION Insurance service revenue by lines of business, incl. Group Functions; 12M 2024 (€ mn) MTPL Casco Other property Insurance service revenue +11.1% 12,138.5 12M 2023 2,092.1 1,766.4 5,630.4 761.3 10,921

  22. Slide 22: Result before taxes grew by 14.1% to € 881.8 million

    RESULT BEFORE TAXES GREW BY 14.1% TO € 881.8 MILLION Result before taxes by segments; 12M 2024 (€ mn)  AT: Result before taxes down by € 49.8mn due to the decreased 385.9 capital investment result and an increased combined ratio Austria -12.9% 336.1  CZ: Result before taxes decline by € 6.9mn; mai

  23. Slide 23: P&C net combined ratio on a sound level of 93.4%

    P&C NET COMBINED RATIO ON A SOUND LEVEL OF 93.4% SLIGHT DETERIORATION DUE TO WEATHER-RELATED CLAIMS AND NATCAT Discounting impact on claims ratio in 12M 2024 of 3.4% (12M 2023: 3.3%)  Net insurance service expenses of € 7,931.6mn (12M23: € 7,018.0mn) / Net insurance service revenue of € 8,494.8mn (

  24. Slide 24: L/H contractual service margin & L/H new business

    L/H CONTRACTUAL SERVICE MARGIN & L/H NEW BUSINESS 12M 2024 L/H CSM roll-forward (€ mn) L/H New Business -4.7% 30 -286 480 -26 -21 € 480mn € 4,783mn 5,782 65 New Business PV NB -513 premiums 5,512 10.0% CSM Net Change in New CSM Changes Other FX Effect CSM CSM Net New Business 01/01/20241 the Busines

  25. Slide 25: Total capital investment result

    TOTAL CAPITAL INVESTMENT RESULT 12M 2024 (€ mn) 12M 2024 12M 2023 +/- % Total capital investment result 435.7 284.3 53.3  Increased interest revenue from bond portfolio Investment result 1,884.1 1,893.1 -0.5 (+€ 101.9mn) supported by market interest rate Interest revenue using the effective interes

  26. Slide 26: Investment split

    INVESTMENT SPLIT Investments held at VIG’s own risk (excl. investments for unit- and index linked life insurance) Investment split Bond portfolio by rating1 3.2% 1.3% 31/12/2023 12.2% 26.3% 32.5% 22.1% 7.0% 9.5% 0.6% 1.8% 31/12/2024 12.3% 25.3% 34.3% 21.1% 7.0% 9.8% €36.5bn AAA AA A BBB Other YE 202

  27. Slide 27: 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

  28. Slide 28: YE 2024 sensitivity analysis

    YE 2024 SENSITIVITY ANALYSIS Market sensitivities as of 31/12/2023 30.0% 20.0% 15.90% 10.0% 5.30% 0.0% -10.0% -5.55% -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

  29. Slide 29: Equity development

    EQUITY DEVELOPMENT Change in consolidated Shareholders’ Equity (€ mn) +7.9% 36 -54 30 -198 6,513 -2 667 6,034 Equity Result for Hyperinflation Currency reserve Unrealised gains Dividend payment Other Equity as of 01/01/20241 the period effects and losses as of 31/12/2024 1 IAS 8 error correction of

  30. Slide 30: Operating return on equity

    OPERATING RETURN ON EQUITY Operating return on equity at YE 2024 of 16.4% 31/12/2024 31/12/2023 31/12/20222 Shareholders’ equity 6,513.3 6,029.7 5,713.9 Unrealised gains and losses recognised in equity1 -195.7 -159.3 52.3 Adjusted shareholders’ equity 6,317.6 5,870.4 5,766.2 Average adjusted shareho

  31. Slide 31: Appendix

    3M 2025 KEY FIGURES 12M 2024 RESULTS APPENDIX Please note that rounding differences may occur Gross written premiums are not part of IFRS 17/9 reporting 31 VIG VIENNA INSURANCE GROUP

  32. Slide 32: Segment overview

    SEGMENT OVERVIEW Insurance service revenue, result before taxes, combined ratio Insurance service revenue (€ mn) Result before taxes (€ mn) P&C net combined ratio (%) 12M 2024 12M 2023 +/- % 12M 2024 12M 2023 +/- % 12M 2024 12M 2023 +/- pp Austria 3,543.2 3,307.4 7.1 336.1 385.9 -12.9 92.5 91.6 0.9

  33. Slide 33: Experienced managing board

    EXPERIENCED MANAGING BOARD VIG Managing Board Hartwig Löger Peter Höfinger Liane Hirner Deputy CEO, Deputy CEO, Chairman of the CFRO, Member of the Chairman of the Managing Board Managing Board Managing Board Gerhard Lahner Gábor Lehel Harald Riener Christoph Rath COO, Member of the CIO, Member of t

  34. Slide 34: Partnership with Erste Group

    PARTNERSHIP WITH ERSTE GROUP Continuous double-digit new business growth of 11% Non-life  Total gross written premium in 2024 increased by 6% to € 1.43bn 22.6%  Positive trend in premium development across all lines of business – in contrast to previous years, life single premium growing as well T

  35. Slide 35: S&P confirms A+ rating with stable outlook

    S&P CONFIRMES A+ RATING WITH STABLE OUTLOOK Revised S&P Capital Model Criteria S&P published updated research for VIG under revised model and affirmed A+ rating with stable outlook  Solid capital buffers at the highest confidence level (99.99%), as per S&Ps updated risk-based capital model, support

  36. Slide 36: 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

  37. Slide 37: 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) 37 APPENDIX VIG VIENNA INSU

  38. Slide 38: Appendix

    38 APPENDIX VIG VIENNA INSURANCE GROUP

  39. Slide 39: 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

  40. Slide 40: 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

  41. Slide 41: Vienna Insurance Group

    VIG* VIENNA INSURANCE GROUP Protecting what matters.

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