Key figures for VIG Insurance Group

Earnings per share

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

In 2023 earnings per share were EUR 4.31 (2022 adjusted: EUR 3.63). The year-on-year increase is therefore 18.6% and reflects the positive business performance.

Operating return on equity (Operating RoE)

Operating return on equity measures the profitability of the insurance group. This ratio is calculated by dividing the business operating result by the average shareholders' equity less unrealised gains and losses.

At 31 December 2023 the Group achieved an operating return on equity of 15.1% (31. Dezember 2022 adjusted: 11.6%).

Net combined ratio

For the calculation of the net combined ratio the insurance service expenses for issued business less insurance service expenses from reinsurance contracts held is divided by the insurance service revenue from issued business less insurance service revenue from reinsurance held in property and casualty insurance.

The net combined ratio showed a stable development compared to the previous year and in 2023 amounted to 92.6% (2022 adjusted: 92.8%).