Key figures at a glance

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2021

2020

2019

2018

Income statement

 

 

 

 

 

Premiums written – gross

EUR million

11,002.6

10,428.5

10,399.4

9,657.3

Net earned premiums – retention

EUR million

9,705.6

9,336.6

9,317.9

8,729.4

Financial result incl. result from shares in at equity consolidated companies

EUR million

631.9

596.3

1,010.8

1,037.5

Expenses for claims and insurance benefits – retention

EUR million

-7,136.6

-7,030.6

-7,262.7

-6,947.0

Acquisition and administrative expenses

EUR million

-2,536.8

-2,328.5

-2,293.2

-2,140.7

Result before taxes

EUR million

511.3

345.9

521.6

485.4

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

EUR million

375.7

231.5

331.3

268.9

Combined ratio

%

94.2

95.0

95.4

96.0

Claims ratio

%

61.5

62.8

63.7

64.7

Cost ratio

%

32.7

32.2

31.7

31.3

Balance sheet

 

 

 

 

 

Investments1

EUR million

37,266.1

36,646.3

35,899.1

37,635.6

Shareholders’ equity (including non-controlling interests)

EUR million

5,597.9

5,285.8

5,190.7

5,835.7

Underwriting provisions

EUR million

32,546.2

32,230.1

31,886.1

30,505.9

Total assets

EUR million

52,178.2

50,428.1

50,344.9

51,163.5

Operating return on equity (operating RoE)2

%

10.9

11.1

11.4

8.2

Shares

 

 

 

 

 

Number of shares

Piece

128,000,000

128,000,000

128,000,000

128,000,000

Market capitalisation

EUR million

3,187.2

2,662.4

3,251.2

2,595.8

Average number of shares traded per day

Piece

~51,000

~74,000

~65,000

~86,000

Book value per share3

EUR

36.09

33.36

33.67

32.64

End-of-period price

EUR

24.900

20.800

25.400

20.280

High

EUR

27.050

26.350

25.850

28.740

Low

EUR

20.800

13.900

20.000

19.900

Share performance for the year (excluding dividends)

%

19.71

-18.11

25.25

-21.29

Dividend per share

EUR

1.254

0.75

1.15

1.00

Dividend yield

%

5.02

3.61

4.53

4.93

Earnings per share5

EUR

2.94

1.81

2.59

2.04

Price-earnings ratio as of 31 December

 

8.47

11.49

9.81

9.94

Employees

 

 

 

 

 

Number of employees (average for the year)

 

25,684

25,680

25,736

25,947

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

1

Including cash and cash equivalents

2

Operating return on equity (operating RoE) measures the profitability of the Group by expressing the business operating result as a ratio of the capital employed.

3

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

4

Proposed dividend

5

The calculation of this figure includes the proportional interest expenses for hybrid capital in 2018. 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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Country

Premium
volume

Result before
taxes

Combined ratio

Employees

 

in EUR '000

in EUR '000

in %

Number

Austria

4,048,443

234,655

92.8

4,935

Czech Republic

1,864,939

186,897

90.1

4,974

Poland

1,279,791

69,857

93.2

2,555

Extended CEE1

2,886,733

188,581

92.3

11,090

Special Markets2

531,686

37,854

94.4

1,259

Group Functions3

1,965,017

-210,830

–

871

1

Extended CEE: Albania incl. Kosovo, Baltics, Bosnia-Herzegovina, Bulgaria, Croatia, Hungary, Moldova, North Macedonia, Romania, Serbia, Slovakia, Ukraine

2

Special Markets: Germany, Georgia, Liechtenstein, Turkey

3

Group functions: VIG Holding, VIG Re, Wiener Re, VIG Fund, 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 2020 in parentheses