Group Annual Report 2024

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Key figures at a glance

Key figures by segment

Country

Insurance service revenue issued business

Result before
taxes

Net combined
ratio

Employees

 

in EUR ‘000

in EUR ‘000

in %

Number

Austria

3,543,242

336,078

92.52

5,503

Czech Republic

2,078,225

211,138

94.85

5,380

Poland

1,373,271

65,056

95.57

2,982

Extended CEE1

3,599,456

159,692

93.88

12,979

Special Markets2

924,201

88,567

98.69

4,172

Group Functions3

1,780,879

21,275

85.35

627

1

Extended CEE: Albania incl. Kosovo, Baltic states, 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 company and intermediate holding companies
0 100 200 300 400 500 600 700 800 900 2023 2024 585.7 772.7 881.8 2022adjusted
2023 0 20 40 60 80 100 2024 Net claims ratio Net cost ratio 92.8 92.6 61.5 62.1 31.3 30.4 93.4 62.7 30.6 2022adjusted
Key figures – Financial key figurers

 

 

2024

2023

2022
adjusted

Income statement

 

 

 

 

Gross written premiums

EUR million

15,226.3

13,784.0

12,559.2

Insurance service revenue – issued business

EUR million

12,138.5

10,921.8

9,737.6

Total capital investment result

EUR million

435.6

284.3

-12.2

Result before taxes

EUR million

881.8

772.7

585.7

Net result for the period after taxes and non-controlling interests

EUR million

645.3

559.0

472.3

Net combined ratio

%

93.4

92.6

92.8

Net claims ratio

%

62.7

62.1

61.5

Net cost ratio

%

30.6

30.4

31.3

Balance sheet

 

 

 

 

Total capital investment portfolio

EUR million

44,568.3

42,586.1

41,062.2

Consolidated shareholders’ equity (including non-controlling interests)

EUR million

6,513.3

6,029.7

5,713.9

Insurance contracts liabilities issued

EUR million

39,598.1

37,804.1

36,370.4

Total assets

EUR million

51,196.4

48,753.8

47,217.7

Operating Return on Equity (Operating RoE)

%

16.4

15.1

11.6

Contractual Service Margin (CSM)

EUR million

5,523.2

5,797.2

5,838.1

Share

 

 

 

 

Number of shares

Piece

128,000,000

128,000,000

128,000,000

Market capitalisation

EUR million

3,884.80

3,392.00

2,860.80

Average number of shares traded by day

Piece

~ 31,000

~ 33,000

~ 56,000

Book value per share1

EUR

45.90

42.48

40.80

End-of-period price

EUR

30.350

26.500

22.350

High

EUR

31.800

27.350

26.850

Low

EUR

25.650

22.250

20.650

Share performance for the year (excluding dividends)

%

14.53

18.57

-10.24

Dividend per share

EUR

1.552

1.40

1.30

Dividend yield

%

5.11

5.28

5.82

Earnings per share3

EUR

4.98

4.31

3.63

Price-earnings ratio as of 31 December

 

6.09

6.15

6.16

Employees

 

 

 

 

Number of employees (average for the year)

 

31,643

29,405

28,832

Rounding differences may occur when rounded amounts or percentages are added.

1

The value is calculated using shareholders’ equity less non-controlling shares and revaluation reserve as well as hybrid capital.

2

Proposed dividend.

3

The calculation of this figure considers the interest expenses for hybrid capital. The undiluted earnings per share equals the diluted
earnings per share (in EUR).

Dividend per share

in EUR

2021 2022 2023 2024 0 0.50 1.00 1.50 Dividend Proposed dividend 1.55 1.25 1.30 1.40

Insurance service revenue by line of business

17.5% (17.4%) 15.0% (14.7%) 47.4% (47.0%) 0.9% (0.9%) 6.6% (7.8%) 5.7% (5.4%) 6.9% (6.8%) MTPL Motor own damage Other property and casualty Health Life – Unit- and index-linked Life – with profit participation Life – without profit participation
Values for 2023 in parentheses

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