Key figures at a glance

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2020

2019

2018

2017

Income statement

 

 

 

 

 

Premiums written

EUR million

10,428.5

10,399.4

9,657.3

9,386.0

Net earned premiums – retention

EUR million

9,336.6

9,317.9

8,729.4

8,509.6

Financial result

EUR million

596.3

1,010.8

1,037.5

924.3

Expenses for claims and insurance benefits – retention

EUR million

-7,030.6

-7,262.7

-6,947.0

-6,872.6

Acquisition and administrative expenses

EUR million

-2,328.5

-2,293.2

-2,140.7

-2,040.3

Result before taxes

EUR million

345.9

521.6

485.4

442.5

Net result of the period after taxes and non-controlling interests

EUR million

231.5

331.3

268.9

297.6

Combined ratio

%

95.0

95.4

96.0

96.7

Claims ratio

%

62.8

63.7

64.7

66.3

Cost ratio

%

32.2

31.7

31.3

30.4

Balance sheet

 

 

 

 

 

Investments1

EUR million

42,869.2

43,076.1

44,336.9

44,994.0

Shareholders’ equity
(including non-controlling interests)

EUR million

5,285.8

5,190.7

5,835.7

6,043.9

Underwriting provisions

EUR million

39,847.3

40,002.1

38,115.3

38,780.9

Total assets

EUR million

50,428.1

50,344.9

51,163.5

51,714.0

Return on Equity (RoE)2

%

7.9

10.5

8.9

8.3

Share

 

 

 

 

 

Number of shares

Piece

128,000,000

128,000,000

128,000,000

128,000,000

Market capitalisation

EUR million

2,662.4

3,251.2

2,595.8

3,297.9

Average number of shares traded per day

Piece

rd. 74.000

rd. 65.000

rd. 86.000

rd. 104.000

Book value per share3

EUR

33.36

33.67

32.64

31.93

End-of-period price

EUR

20.800

25.400

20.280

25.765

High

EUR

26.350

25.850

28.740

26.520

Low

EUR

13.900

20.000

19.900

21.590

Share performance for the year
(excluding dividends)

%

-18.11

25.25

-21.29

20.96

Dividend per share

EUR

0,754

1.15

1.00

0.90

Dividend yield

%

3.61

4.53

4.93

3.49

Earnings per share5

EUR

1.81

2.59

2.04

2.23

Price-earnings ratio as of 31 December

 

11.49

9.81

9.94

11.55

Employees

 

 

 

 

 

Number of employees
(average for the year)

 

25,680

25,736

25,947

25,059

Calculation differences may arise when rounded amounts and percentages are summed automatically.

1

Incl. unit-linked and index-linked life insurance investments and excl. cash and cash equivalents

2

RoE is the ratio of Group result before taxes to total average shareholders’ equity.

3

The value is calculated using shareholders’ equity before non-controlling interests, less the revaluation reserve and less hybrid bonds in 2018 and 2017.

4

Planned dividend

5

The calculation of this figure includes the proportional interest expenses for hybrid capital in 2018 and 2017. The undiluted earnings per share equals the diluted earnings per share (in EUR).

Profit before taxes

Profit before taxes (bar chart)

Combined ratio

Combined ratio (bar chart)

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VIG Insurance Group by segments in the year 2020

Country

Premium volume

Result before taxes

Combined ratio

Employees

 

in EUR '000

in EUR '000

in %

Number

Austria

4,030,707

178,727

92.7

5,027

Czech Republic

1,732,393

192,072

90.7

4,925

Slovakia

729,520

51,394

89.0

1,655

Poland

1,196,236

22,552

96.7

2,464

Romania

493,804

14,235

99.0

1,792

Baltic states

492,915

9,498

97.2

1,905

Hungary

287,750

8,444

97.0

520

Bulgaria

199,640

-36,722

91.2

878

Turkey/Georgia

251,652

-883

95.4

1,202

Remaining CEE1

439,610

-15,650

92.6

4,451

Other Markets2

279,997

26,728

81.1

132

Central Functions3

1,736,522

-107,567

–

729

1

Remaining CEE: Albania incl. Kosovo, Bosnia-Herzegovina, Croatia, Moldova, North Macedonia, Serbia, Ukraine

2

Other Markets: Germany, Liechtenstein

3

Central Functions: VIG Holding, VIG Re, Wiener Re, VIG Fund, non-profit societies, corporate IT service providers and intermediate holding companies

Dividend per share

Dividend per share (bar chart)

Premiums by line of business

Premiums by line of business (ring chart)

Values for 2019 in parentheses