Vienna Insurance Group Ag · VIE:VIG
Vienna Insurance — Investor Presentation (April 2023)
8 slides from Vienna Insurance's investor presentation, April 2023
Slide 1: Solvency Disclosure 2022
SOLVENCY DISCLOSURE 2022 Vienna Insurance Group
Slide 2: Solvency Capital Requirement (SCR) Overview
SOLVENCY CAPITAL REQUIREMENT (SCR) OVERVIEW Standard Formula and Partial Internal Model SCR SCR operational SCR adjustments Basis SCR risk SCR intangible SCR market SCR life SCR non-life SCR counterparty SCR health assets ▪ Partial Internal Model of VIG approved by the Financial property mortality p
Slide 3: Solvency Ratio of VIG Group as of YE 2022 Improved to 280%
SOLVENCY RATIO OF VIG GROUP AS OF YE 2022 IMPROVED TO 280% Solvency Position YE 2022 compared to YE 2021 VIG AG in EUR million 31.12.2021 31.12.2022 in EUR million Solvency capital requirement 4 120 3 873 Market risk 3 556 2 711 280% Counterparty default risk 382 376 YE 2022 Life underwriting risk 1
Slide 4: Solvency Capital Requirement
SOLVENCY CAPITAL REQUIREMENT Allocation of Solvency Capital Requirement calculated with the Partial Internal Model ▪ Market risk accounts for 43% of total ▪ Life underwriting risk contributes to the ▪ Non-life underwriting risk ranks third solvency capital requirement total solvency capital requirem
Slide 5: Own Funds (I)
OWN FUNDS (I) Composition of Own Funds as of 31.12.2022 and uptake capacities for capital measures in EUR million 3 000 €10 841mn 1% 1 821 217 217 14% 2 500 3% 2 170 2 000 Tier 3 1 775 Tier 2 1 500 Tier 1 - restricted 81% Tier 1 - unrestricted 1 000 1 557 500 346 349 128 0 VIG capital structure Tier
Slide 6: Own Funds (II)
OWN FUNDS (II) Own Funds 2021 compared to Own Funds 2022 in EUR million 12 000 11 500 -625 11 000 10 841 10 500 10 281 2 358 10 000 -998 9 500 -176 9 000 8 500 8 000 Solvency II Own Funds IFRS Surplus/Deficit Planned Dividends Revaluation Differences Deferred Taxes Solvency II Own Funds 31.12.2021 3
Slide 7: Sensitivity Analysis
SENSITIVITY ANALYSIS Market Sensitivities as of 31.12.2022 15% 13.0% 10% 5% 3.7% 0% -5% -10% -6.7% -7.8% -15% -20% -18.9% -25% Interest rate curves Interest rate curves Standard equity Spread on corporate Spread on government +100bps -100bps -25% bonds + 50bps bonds +50bps ∆ Solvency ratio Interest
Slide 8: Disclaimer
DISCLAIMER IMPORTANT NOTICE 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 solicitation, offer or sale would be unlawful, nor shall pa
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