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Vienna Insurance Group exceeds expectations

Vienna Insurance Group exceeds expectations

Vienna Insurance Group

As expected, the combined ratio was 94.1%.


(Photo: Reuters)

Vienna the Vienna Insurance Group (VIG) has exceeded the goals it set for itself in the past fiscal year 2021. Today, Thursday, the insurance company announced, based on preliminary figures, that the size of the insurance premium is 11 billion euros, and profits before taxes were achieved by about 510 million euros. The total percentage was 94.1 percent.

VIG originally expected a premium volume just above the previous year’s level of €10.4 billion. A target range of 450 to 500 million euros was set for earnings before tax, and a value of around 95 percent was targeted for the combined ratio.

“The key numbers, which exceeded expectations, are the result of the very good performance of all companies operating in the midst of a global pandemic,” the group said. VIG plans to publish details of the preliminary numbers on March 8.

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