Brief: Vienna Insurance Group FY Profit (Before Taxes) Up At EUR 511 Million (+47.8%)

Vienna Insurance Wiener Versicherung Gruppe AG

08/03/2022 07:09

March 8 (Reuters) - VIENNA INSURANCE GROUP AG WIENER
VERSICHERUNG GRUPPE  VIGR.VI :
    * FY PREMIUM VOLUME ROSE TO EUR 11 BILLION (+5.5%)
    * FY PROFIT (BEFORE TAXES) INCREASED TO EUR 511 MILLION
(+47.8%)
    * PROPOSED DIVIDEND INCREASED TO EUR 1.25/SHARE (+66.7%)
    * FY BUSINESS OPERATING RESULT, ADJUSTED FOR IMPAIRMENTS OF
INTANGIBLE ASSETS, AMOUNTED TO EUR 512 MILLION AND ALSO SHOWED A
5.1% INCREASE COMPARED TO PREVIOUS YEAR
    * FY AT EUR 375.7 MILLION, NET RESULT WAS 62.3% HIGHER THAN
IN
EQUIVALENT PERIOD IN PREVIOUS YEAR
    * FY FINANCIAL RESULT (INCLUDING RESULT FROM AT-EQUITY
CONSOLIDATED COMPANIES) WAS UP 6% ABOVE VALUE IN PREVIOUS YEAR
AT EUR 632 MILLION
    * FOR 2022, WE ARE AIMING FOR A POSITIVE OPERATING
PERFORMANCE
SUBJECT TO ASPECTS MENTIONED AND TAKING INTO ACCOUNT FACT THAT
VIG GROUP HAS MANAGED CURRENT CHALLENGES IN ITS OPERATING
INSURANCE BUSINESS VERY WELL UP TO THIS POINT

Further company coverage:  VIGR.VI 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))