Business development by segment

Developments in the segments Austria, Czech Republic, Slovakia, Poland, Romania, Baltic states, Hungary, Bulgaria, Turkey/Georgia, Remaining CEE, Other Markets and Central Functions are explained below. The discussion focuses on presenting business developments in these segments and outlines areas of change in the various insurance markets.

Premiums written by segment

in EUR millions

2018

2017

∆ in %

∆ absolute

1

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

Austria

3,839.9

3,848.5

-0.2%

-8.6

Czech Republic

1,684.2

1,603.2

5.0%

80.9

Slovakia

799.6

810.0

-1.3%

-10.4

Poland

897.8

886.6

1.3%

11.1

Romania

515.3

506.5

1.7%

8.8

Baltic states

375.8

327.6

14.7%

48.2

Hungary

263.5

246.7

6.8%

16.8

Bulgaria

171.3

150.1

14.1%

21.2

Turkey/Georgia

198.3

207.8

-4.6%

-9.5

Remaining CEE1

374.7

352.0

6.4%

22.7

Other Markets2

321.0

292.6

9.7%

28.4

Central Functions3

1,584.3

1,411.5

12.2%

172.7

Consolidation

-1,368.4

-1,257.3

8.8%

-111.1

Total

9,657.3

9,386.0

2.9%

271.3

Result before taxes by segment

in EUR millions

2018

2017

∆ in %

∆ absolute

1

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

Austria

170.4

175.3

-2.8%

-5.0

Czech Republic

166.7

149.3

11.6%

17.4

Slovakia

47.2

55.7

-15.3%

-8.5

Poland

32.2

35.5

-9.2%

-3.3

Romania

-73.9

6.2

n/a

-80.1

Baltic states

2.1

1.4

51.7%

0.7

Hungary

7.6

2.1

> 100%

5.5

Bulgaria

11.4

6.9

65.0%

4.5

Turkey/Georgia

3.8

9.4

-58.9%

-5.5

Remaining CEE1

23.5

-6.0

n/a

29.4

Other Markets2

23.9

23.7

0.9%

0.2

Central Functions3

70.2

-16.7

n/a

86.9

Consolidation

0.3

-0.4

n/a

0.6

Total

485.4

442.5

9.7%

42.9