Group Annual Report 2023

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VIG at a glance

VIG is the leading insurance group in Central and Eastern Europe. It consists of the listed VIG Holding as well as more than 50 insurance companies and pension funds in 30 countries. The Holding, with headquarters in Vienna, coordinates the Group-wide exchange and functions as the steering body.

Who is VIG?

The insurance companies rely on local brands. Their approximately 29,000 employees provide approximately 32 million customers with the best possible protection against the risks of day-to-day life.

The strategy of VIG is oriented to profitable growth and the creation of added value through diversity: The wealth of different languages, cultures and entrepreneurial approaches ensures the greatest possible proximity to customers and promotes innovation and creativity. The decentralised structure makes the Group flexible and ensures quick decisions.









in the CEE region



insurance companies and pension funds

operating in 




years of experience in the Group


rating with stable outlook from Standard & Poor’s


first expansion step into the former Czechoslovakia

Listing on the

Vienna, Prague and Budapest stock exchange

Yearly dividends

since going public in 1994

Four good reasons to invest in VIG:

  1. Broad portfolio with growth potentiall
    • Insurance solutions in the property/casualty, life and health business across 30 countries
    • Over 30 years of M&A experience in the CEE region
    • Organic and inorganic growth initiatives to further expand VIG’s leading market position
  2. Financial stability
    • “A+” rating with stable outlook from Standard & Poor’s
    • Solvency ratio of 269% in 2023
    • Continuous dividend distribution every year since 1994
  3. Proven management principles ensure customer proximit
    • Local entrepreneurship for taking quick, flexible action on the market
    • Multi-channel distribution to exploit all sales opportunities
    • Multi-brand policy to ensure broad appeal in relation to ­target groups
    • Conservative investment and reinsurance policies create trust
  4. Sustainability as an integral part of the business model

VIG country portfolio

VIG divides its region into two areas. First, the region of Central and Eastern Europe, which consists of 20 countries, including Austria, whose long-term growth opportunities will be exploited. Second, ten special markets where objectives specific to each market will be pursued. Four of these countries (Germany, Georgia, Liechtenstein and Türkiye) are in the “Special Markets” reportable segment.

Map market positions (illustration)

Shareholder structure

(Source: S&P Global) Shareholderstructure Breakdown of identifiedshares, May 2023 Wiener Städtische Versicherungsverein Free float ~72% ~28%