Declaration by the Managing Board
We declare to the best of our knowledge that the consolidated financial statements prepared in accordance with applicable accounting standards give a true and fair view of the Group’s net assets, financial position and results of operations, that the Group management report presents the business development, result and position of the Group so as to give a true and fair view of its net assets, financial position and results of operations, and that the Group management report provides a description of the principal risks and uncertainties to which the Group is exposed.
The declaration for the annual financial statements of VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe is issued in the Annual Report of this company.
The consolidated financial statements for financial year 2020 were approved for publication by a resolution of the Managing Board on 17 March 2021.
Vienna, 17 March 2021
Elisabeth Stadler
General Manager (CEO),
Chairwoman of the Managing Board
Liane Hirner
CFO, Member of the Managing Board
Peter Höfinger
Member of the Managing Board
Gerhard Lahner
Member of the Managing Board
Gábor Lehel
Member of the Managing Board
Hartwig Löger
Member of the Managing Board
Harald Riener
Member of the Managing Board
Peter Thirring
Member of the Managing Board
Managing Board areas of responsibility:
Elisabeth Stadler: Management of the VIG Group, Strategy, General Secretariat and Legal, Corporate Social Responsibility, Affiliated companies department, European Affairs, Group Communications & Marketing, Group Sponsoring, Bancassurance and international partnerships, Human Resources; Country responsibilities: Austria, Czech Republic
Liane Hirner: Finance and accounting, Enterprise Risk Management, Asset-Risk Management, Data Management & Processes; Country responsibilities: Germany, Liechtenstein, Belarus
Peter Höfinger: Corporate and large customer business, Vienna International Underwriters (VIU), Group Reinsurance; Country responsibilities: Albania, Baltic states, Bulgaria, Kosovo, Montenegro, Nordics, Serbia
Gerhard Lahner: Asset Management, Asset Liability Management, Group Treasury
Gábor Lehel: Actuarial Department, Personal Insurance; Country responsibilities: Bosnia-Herzegovina, Croatia, North Macedonia, Hungary
Hartwig Löger: Group Development and Strategy, Planning and Controlling
Harald Riener: Sales Initiatives Customers & SME, Assistance; Country responsibilities: Moldova, Poland, Romania, Ukraine
Peter Thirring: Motor and Property Insurance, External Incoming Reinsurance, Group IT, Business Organisation; Country responsibilities: Georgia, Slovakia, Turkey
The Managing Board as a whole is responsible for Group Compliance, Internal Audit and Investor Relations.