Key figures for VIG Insurance Group

Earnings per share

Earnings per share is a key figure equal to the result for the period (less non-controlling interests) divided by the average number of shares outstanding. The number of shares remained unchanged compared to the previous year.

Earnings per share were EUR 2.94 in 2021 (2020: EUR 1.81). This therefore represented an increase of 62.3% compared to the previous year.

Operating return on equity (Operating RoE)

Operating return on equity (operating RoE) measures the profitability of the Group by expressing the business operating result as a ratio of the capital employed. This ratio is calculated by dividing the business operating result by the average shareholders’ equity. Shareholders’ equity adjusted for a provision for unrealised gains and losses is used for this purpose.

The Group earned an operating return on equity of 10.9% in 2021 (2020: 11.1%).

Combined ratio significantly below 100%

The combined ratio is calculated as the sum of underwriting income and expenses, net payments for claims and insurance benefits, including the net change in underwriting provisions, and acquisition and administrative expenses, divided by net earned premiums in the property and casualty balance sheet unit.

The Group combined ratio improved to 94.2% in 2021, primarily due to better claims development in the Czech Republic, Poland and Extended CEE segments (2020: 95.0%).