Highlights 2015

Group premiums EUR 9.0 billion

Solid premium growth despite cuts as a result of the persistently low interest rates and the resulting earnings-oriented underwriting policy. Adjusted to take into account single premiums, the Group recorded a solid 2.2% increase in premiums.
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Profit before taxes EUR 172.1 million

Results were affected by the continuing low level of interest rates, as well as other one-off effects, such as the value adjustment of IT systems, as well as impairment of goodwill and insurance portfolios.
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97.3% net combined ratio

Solid underwriting result has led to a combined result significantly below the 100% mark in 2015.
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A+ with a stable outlook

from Standard & Poor’s as clear proof of the excellent capitalisation of the Group.

Planned dividend per share of EUR 0.60

will be proposed to the Annual General Meeting on 13 May 2016, meaning that VIG is adhering to its dividend policy of paying out at least 30% of net earnings.

Solvency II - partial internal model approved

VIG is the only Austrian insurance company, for which a "partial internal model" was approved by the Financial Market Authority for capital calculation under Solvency II.
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Expansion in the Baltic

VIG increased its activities in the Baltic insurance market in 2015, continuing its successful expansion in CEE.
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New managing board team

Effective as of 1 January 2016, Elisabeth Stadler became Chairperson and Judit Havasi and Roland Gröll were appointed as board members.
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Group Annual Report 2015