Vienna Insnc Grp Wnr Vrschrng Grp AG-ADR (PK:VNRFY)
Business Focus: Multiline Insurance & Brokers
| Sector: Financials | Industry: Multiline Insurance & Brokers |
| Company Contact | |
| Address: | Schottenring 30 WIEN 1010 |
| Tel: | N/A |
| Website: | https://www.vig.com |
| IR: | See website |
| Key People | ||
| Guenter Geyer Independent Chairman of the Supervisory Board | Hartwig Loeger Chairman of the Managing Board, General Manager | Robert Lasshofer Second Deputy Chairman of the Supervisory Board |
| Rudolf Ertl Independent First Deputy Chairman of the Supervisory Board | Peter Hoefinger Deputy Chairman of the Managing Board, Deputy General Manager | Liane Hirner Chief Finance and Risk Officer, Member of the Managing Board |
| Gerhard Lahner Chief Operations Officer, Member of the Managing Board | Gabor Lehel Chief Innovation Officer, Member of the Managing Board | Harald Riener Member of the Managing Board |
| Business Overview |
| Vienna Insurance Group AG Wiener Versicherung Gruppe (VIG) is an Austrian holding company of an insurance Group primarily active in Central and Eastern Europe. VIG comprises approximately 50 insurance companies engaged in the property/casualty and life insurance business, as well as health insurance business in 24 countries. The Company operates in Austria, as well as in Central and Eastern Europe (CEE) and South Eastern Europe (SEE) region, which include Albania, Belarus, Bulgaria, Croatia, Czech Republic, Estonia, Georgia, Hungary, Latvia, Lithuania, Macedonia, Montenegro, Poland, Romania, Serbia, Slovakia, Slovenia, Turkey, the Ukraine, Bosnia and Herzegovina. The Company is also represented in Germany, Liechtenstein and Italy. In total, about 50% of all Group premiums come from the Central and Eastern European markets. Its subsidiaries include Skandia Poland, BTA Baltic Insurance Company AAS and Merkur BH Osiguranje dd Sarajevo, among others. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Vienna Insnc Grp Wnr Vrschrng Grp AG-ADR revenues increased 11% to EUR11.09B. Net income applicable to common stockholders increased 19% to EUR551.4M. Revenues reflect Insurance service revenue issued busine increase of 12% to EUR10.92B, Interest revenues using the effective in increase of 25% to EUR895.8M, Fin Inc/Exp frm reinsur ContrHeld-IFRS17 increase from EUR16.7M to EUR41.6M. |
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