2020 at a glance
Special achievements in a special year: In 2020, the VIG Insurance Group successfully managed an exceptional situation while at the same time advancing long-term, strategic developments. The highlights range from the acquisition of the Aegon companies to cooperations with start-ups through to digital innovations. And all of this on the basis of solid key figures and an excellent credit rating.
Highlights 2020
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Anniversary
30 years, 30 countries
30 years ago, Wiener Städtische took the first step to expand into Central and Eastern Europe. VIG Insurance Group now operates in 30 countries. Premium volume has increased more than tenfold since the start of the expansion.
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Growth
VIG Insurance Group expands its market leadership in CEE
VIG Insurance Group signed a share purchase agreement with the Dutch company Aegon N.V. in 2020 to acquire its companies in Hungary, Poland, Romania and Turkey. This will increase the customer base by 4.5 million. The Group will consolidate its leading position in the CEE region and will be No. 1 in Hungary for the first time. The formal closing of the acquisition is expected in the 2nd half of 2021.
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Personnel changes
Hartwig Löger joined the VIG Managing Board on 1 January 2021
Deputy General Manager Franz Fuchs left the Board at the end of June 2020
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Investments
More investments
in green bondsVIG Insurance Group considers social and environmental criteria in its investment strategy. The Group held EUR 238.2 million in green bonds at the end of 2020.
keyfigures 2020
EUR10.4billion
Group premiums (+0.3%)
10 billion threshold exceeded in 2020 in spite of the COVID-19 pandemic.
EUR345.9million
Result before taxes
Solid result before taxes despite COVID-19-related impairments.
95.0%
Combined ratio (net)
As a result, the goal of reducing the combined ratio to 95% in the medium term was achieved in 2020.
Dividend per share
238% solvency ratio
VIG Insurance Group therefore continues to have excellent capitalisation.
