Business development by segment

Developments in the segments Austria, Czech Republic, Slovakia, Poland, Romania, Baltic states, Hungary, Bulgaria, Turkey/Georgia, Remaining CEE, Other Markets and Central Function are explained below. The discussion focuses on presenting business developments in these segments and outlines areas of change in the various insurance markets.

A detailed presentation of the consolidated income statement by regional segments and premiums written by regional segments and lines of business is provided on page 122 in the notes to the consolidated financial statements and in Note 15 Premiums written on page 175.

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Premiums written by segment

in EUR millions

2019

2018

∆ in %

∆ absolute

1

Remaining CEE: Albania incl. Kosovo, Bosnia-Herzegovina, Croatia, North Macedonia, Moldova, Serbia, Ukraine

2

Other Markets: Germany, Liechtenstein

3

Central Functions: VIG Holding, VIG Re, Wiener Re, VIG Fund, non-profit societies, corporate IT service providers and intermediate holding companies result before taxes by segment

Austria

3,943.3

3,839.9

2.7%

103.4

Czech Republic

1,745.8

1,684.2

3.7%

61.7

Slovakia

798.9

799.6

-0.1%

-0.8

Poland

1,132.0

897.8

26.1%

234.2

Romania

468.2

515.3

-9.1%

-47.1

Baltic states

500.3

375.8

33.1%

124.5

Hungary

289.5

263.5

9.9%

26.0

Bulgaria

223.9

171.3

30.7%

52.6

Turkey/Georgia

234.9

198.3

18.5%

36.6

Remaining CEE1

446.9

374.7

19.3%

72.2

Other Markets2

380.4

321.0

18.5%

59.4

Central Functions3

1,623.5

1,584.3

2.5%

39.2

Consolidation

-1,388.2

-1,368.4

1.4%

-19.8

Total

10,399.4

9,657.3

7.7%

742.1

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Result before taxes by segment

in EUR millions

2019

2018

∆ in %

∆ absolute

1

Remaining CEE: Albania incl. Kosovo, Bosnia-Herzegovina, Croatia, North Macedonia, Moldova, Serbia, Ukraine

2

Other Markets: Germany, Liechtenstein

3

Central Functions: VIG Holding, VIG Re, Wiener Re, VIG Fund, non-profit societies, corporate IT service providers and intermediate holding companies

Austria

207.3

170.4

21.7%

37.0

Czech Republic

172.5

166.7

3.5%

5.8

Slovakia

48.9

47.2

3.5%

1.7

Poland

69.2

32.2

> 100%

37.0

Romania

-101.8

-73.9

37.8%

-28.0

Baltic states

7.7

2.1

> 100%

5.5

Hungary

8.7

7.6

14.3%

1.1

Bulgaria

15.8

11.4

38.2%

4.4

Turkey/Georgia

6.7

3.8

73.3%

2.8

Remaining CEE1

27.1

23.5

15.3%

3.6

Other Markets2

22.6

23.9

-5.7%

-1.4

Central Functions3

36.5

70.2

-48.1%

-33.7

Consolidation

0.7

0.3

> 100%

0.4

Total

521.6

485.4

7.4%

36.1