Vienna Insurance Grp Ord (VNRGF) Q1 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.438 Ladies and gentlemen, welcome to VIG Key Figures and Updates First Quarter 2025 00:00:05.438 -- 00:00:09.683 Conference Call and Live Webcast. I am Yusuf, the Chorus Call Operator. 00:00:09.683 -- 00:00:13.247 I would like to remind you that all participants will be in listen-only mode in that 00:00:13.247 -- 00:00:17.432 this conference is being recorded. The presentation will be followed by a Q&A session. 00:00:17.432 -- 00:00:20.696 To ask a question, please press star followed by 1 on your telephone. 00:00:20.696 -- 00:00:23.439 For operator assistance, please press star and 0. 00:00:23.439 -- 00:00:26.660 The conference must not be recorded for publication or for broadcast. 00:00:26.660 -- 00:00:31.544 At this time, it's my pleasure to hand over to Peter Herfinger, Deputy CEO of VIG. 00:00:31.544 -- 00:00:33.804 Please go ahead. 00:00:33.886 -- 00:00:38.510 Thank you very much and a very warm welcome this afternoon. 00:00:38.510 -- 00:00:43.774 I'm happy to present together with my colleague, Liane Hirner, our first quarter 00:00:43.774 -- 00:00:45.396 results. 00:00:45.396 -- 00:00:50.500 We can present quite solid results in the first quarter with a growth 00:00:50.500 -- 00:00:55.624 in insurance service revenue by more than 8% and profit growth 00:00:55.624 -- 00:00:59.035 before Texas. of 7.5%. 00:00:59.077 -- 00:01:04.483 We also have been able to place successfully a Tier 2 sustainability 00:01:04.483 -- 00:01:07.807 bond and repurchasing 00:01:07.807 -- 00:01:14.491 part of our subordinated debts. Additionally, we have additions 00:01:16.315 -- 00:01:21.741 in Albania to our two non-life insurance companies, a life insurance 00:01:21.741 -- 00:01:27.401 company, where we will realize with synergies and also exploring 0...