Group Annual Report 2023

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Business development by reportable segment

The reportable segments Austria, Czech Republic, Poland, Extended CEE, Special Markets and Group Functions are discussed below. The discussion focuses on the presentation of these reportable segments and descriptions of the market position held by VIG Group in the respective countries. A detailed presentation of the consolidated income statement by reportable segment can be found in the notes to the consolidated financial statements starting on page 87.

Insurance service revenue

 

2023

2022

∆ in %

∆ absolute

in EUR million

 

 

 

 

Austria

3,307.4

3,163.4

4.6%

144.0

Czech Republic

2,040.1

1,860.8

9.6%

179.3

Poland

1,224.5

1,070.9

14.3%

153.6

Extended CEE1

3,148.1

2,673.6

17.7%

474.5

Special Markets2

617.6

483.2

27.8%

134.5

Group Functions3

1,652.2

1,399.7

18.0%

252.5

Consolidation

-1,068.1

-913.9

16.9%

-154.2

Total

10,921.8

9,737.6

12.2%

1,184.2

1

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

2

Special Markets: Georgia, Germany, Liechtenstein, Türkiye

3

Group functions: VIG Holding, VIG Re, Wiener Re, VIG Fund, corporate IT service providers, asset management company and intermediate holding companies

Result before taxes

 

2023

2022
adjusted

∆ in %

∆ absolute

in EUR million

 

 

 

 

Austria

385.9

273.0

41.3%

112.9

Czech Republic

218.0

240.7

-9.4%

-22.7

Poland

29.4

72.3

-59.4%

-42.9

Extended CEE1

101.0

48.4

> 100%

52.6

Special Markets2

64.2

38.5

66.9%

25.8

Group Functions3

-25.8

-87.2

-70.5%

61.5

Consolidation

0.0

0.0

n/a

0.0

Total

772.7

585.7

31.9%

187.0

1

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

2

Special Markets: Georgia, Germany, Liechtenstein, Türkiye

3

Group functions: VIG Holding, VIG Re, Wiener Re, VIG Fund, corporate IT service providers, asset management company and intermediate holding companies