Brief: Vienna Insurance Group 9M Net Income Up At EUR 302.4 Mln

Vienna Insurance Wiener Versicherung Gruppe AG

15/11/2022 07:05

Nov 15 (Reuters) - VIENNA INSURANCE GROUP WIENER
VERSICHERUNG GRUPPE AG  VIGR.VI :
    * PREMIUMS UP SIGNIFICANTLY BY 13.6% TO EUR 9.5 BILLION
    * 9M AT EUR 413.4 MILLION, PROFIT BEFORE TAXES WAS AROUND
10%
ABOVE VALUE IN PREVIOUS YEAR.
    * 9M AT EUR 479.2 MILLION, FINANCIAL RESULT (EXCLUDING
RESULT FROM
AT-EQUITY CONSOLIDATED COMPANIES) IS DOWN 8.4% ON PREVIOUS YEAR,
DUE PRIMARILY TO MEASURES ALREADY TAKEN IN FIRST AND SECOND
QUARTERS OF 2022 IN CONNECTION WITH EXPOSURES TO RUSSIAN
GOVERNMENT AND CORPORATE BONDS
    * 9M AT EUR 302.4 MILLION, NET INCOME WAS 10.1% HIGHER THAN
IN
PREVIOUS YEAR
    * 9M AT 95.1%, COMBINED RATIO IS SLIGHTLY BELOW PREVIOUS
YEAR'S
VALUE (95.2%)
    * VIG GROUP INVESTMENTS INCLUDING CASH AND CASH EQUIVALENTS
WERE
EUR 34.1 BILLION AS OF 30 SEPTEMBER 2022
    * 9M TOTAL PREMIUM VOLUME INCLUDES FIRST-TIME CONSOLIDATION
OF
MOST RECENTLY ACQUIRED INSURANCE COMPANIES IN HUNGARY AND
TÜRKIYE WITH PREMIUMS OF AROUND EUR 291 MILLION, WHICH ACCOUNT
FOR 3.0% OF TOTAL PREMIUM VOLUME

Further company coverage:  VIGR.VI 
 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))