Brief: Vienna Insurance Group Sets Earnings Expectations For 2023 Based On IFRS 9, IFRS 17 Application

Vienna Insurance Wiener Versicherung Gruppe AG

16/08/2023 13:32

Aug 16 (Reuters) - VIENNA INSURANCE GROUP  VIGR.VI :
    * SETS EARNINGS EXPECTATION FOR 2023 IN A RANGE OF EUR 700 -
750
MILLION BASED ON THE FIRST-TIME APPLICATION OF IFRS 9 AND  IFRS
17
    * EXPECTS A PROFIT BEFORE TAXES FOR GROUP IN A RANGE OF EUR
700 -
750 MILLION FOR FULL-YEAR 2023 UNDER IFRS 17/9
    * PROFIT BEFORE TAXES OF EUR 212 MILLION IN FIRST HALF OF
2022 IN
ACCORDANCE WITH IFRS 17/9 WAS SIGNIFICANTLY INFLUENCED BY
INTEREST RATE DEVELOPMENT IN REPORTING PERIOD
    * IN SECOND HALF OF 2023, DAMPENING EFFECTS ON EARNINGS ARE
TO BE
EXPECTED ALSO DUE TO SEVERE WEATHER EVENTS

Source text for Eikon:  ID:nEQ810clca 
Further company coverage:  VIGR.VI 

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