Group Annual Report 2022

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Business development by reportable segment

The reportable segments Austria, Czech Republic, Poland, Extended CEE, Special Markets and Group Functions are discussed below. The discussion focuses on presenting business development in these reportable segments and the market position held by the VIG Group in the respective countries. A detailed presentation of the consolidated income statement by reportable segments and premiums written by reportable segments and lines of business is provided on page 97 in the notes to the consolidated financial statements and in Note 15. Premiums written – gross on page 153.

Premiums written

 

2022

2021

∆ in %

∆ absolute

in EUR millions

 

 

 

 

Austria

4,138.4

4,048.4

2.2%

89.9

Czech Republic

2,122.1

1,864.9

13.8%

257.2

Poland

1,352.9

1,279.8

5.7%

73.1

Extended CEE1

3,593.2

2,886.7

24.5%

706.5

Special Markets2

846.2

531.7

59.2%

314.5

Group Functions3

2,297.8

1,965.0

16.9%

332.8

Consolidation

-1,791.4

-1,574.0

13.8%

-217.4

Total

12,559.2

11,002.6

14.1%

1,556.7

1

Extended CEE: Albania incl. Kosovo, Baltics, Bosnia-Herzegovina, Bulgaria, Croatia, Hungary, Moldova, North Macedonia, Romania, Serbia, Slovakia, Ukraine

2

Special Markets: Germany, Georgia, Liechtenstein, Türkiye

3

Group functions: VIG Holding, VIG Re, Wiener Re, VIG Fund, corporate IT service providers, asset management and pension funds as well as intermediate holding companies

Result before taxes

 

2022

2021

∆ in %

∆ absolute

in EUR millions

 

 

 

 

Austria

249.4

234.7

6.3%

14.8

Czech Republic

201.9

186.9

8.0%

15.0

Poland

51.7

69.9

-25.9%

-18.1

Extended CEE1

112.7

188.6

-40.2%

-75.9

Special Markets2

49.4

37.9

30.5%

11.5

Group Functions3

-101.2

-210.8

52.0%

109.6

Consolidation

-1.5

4.3

n/a

-5.8

Total

562.4

511.3

10.0%

51.1

1

Extended CEE: Albania incl. Kosovo, Baltics, Bosnia-Herzegovina, Bulgaria, Croatia, Hungary, Moldova, North Macedonia, Romania, Serbia, Slovakia, Ukraine

2

Special Markets: Germany, Georgia, Liechtenstein, Türkiye

3

Group functions: VIG Holding, VIG Re, Wiener Re, VIG Fund, corporate IT service providers, asset management and pension funds as well as intermediate holding companies