Declaration by the Managing Board

We declare to the best of our knowledge that the consolidated financial statements prepared in accordance with applicable accounting standards give a true and fair view of the Group’s net assets, financial position and results of operations, that the Group management report presents the business development, result and position of the Group so as to give a true and fair view of its net assets, financial position and results of operations, and that the Group management report provides a description of the principal risks and uncertainties to which the Group is exposed.

The declaration for the annual financial statements of VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe is issued in the annual report of this company.

The consolidated financial statements for financial year 2018 were approved for publication by a resolution of the Managing Board on 20 March 2019.

Vienna, 20 March 2019

The Managing Board:

Elisabeth Stadler
General Manager,
Chairwoman of the Managing Board

Franz Fuchs
Member of the Managing Board

Judit Havasi
Member of the Managing Board

Liane Hirner
CFO, Member of the Managing Board

Peter Höfinger
Member of the Managing Board

Peter Thirring
Member of the Managing Board

Managing Board areas of responsibility:
Elisabeth Stadler: Management of the Group, Strategic Questions, General Secretariat, Asset Management, Treasury/Capital Market, Affiliated companies department, European Affairs, Group Communication & Marketing, Group Sponsoring, Bancassurance, Human Resources, Group Development & Strategy; Country responsibilities: Austria, Czech Republic
Franz Fuchs: Performance management motor vehicle insurance; Country responsibilities: Moldova, Poland, Romania, Ukraine
Judit Havasi: Planning & Controlling, Performance management personal insurance, Asset Risk Management, Legal department, Group IT, Data Management & Processes; Country responsibilities: Hungary
Liane Hirner: Finance and accounting; Country responsibilities: Germany, Belarus
Peter Höfinger: Corporate and large customer business, Vienna International Underwriters (VIU), Group reinsurance; Country responsibilities: Baltic states, Albania incl. Kosovo, Bosnia-Herzegovina, Bulgaria, Croatia, North Macedonia, Montenegro, Serbia
Peter Thirring: Group external active reinsurance; Country responsibilities: Georgia, Liechtenstein, Slovakia, Turkey

The Managing Board as a whole is responsible for Enterprise Risk Management, Actuarial department, Group compliance, Internal Audit and Investor Relations.