Group Annual Report 2024

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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 the presentation of these reportable segments and descriptions of the market position held by VIG Group in the respective countries. A detailed presentation of the consolidated income statement by reportable segment can be found the notes to the consolidated financial statements starting on page 171.

Insurance service revenue

 

2024

2023

∆ in %

∆ absolute

in EUR million

 

 

 

 

Austria

3,543.2

3,307.4

7.1%

235.9

Czech Republic

2,078.2

2,040.1

1.9%

38.2

Poland

1,373.3

1,224.5

12.1%

148.8

Extended CEE1

3,599.5

3,148.1

14.3%

451.4

Special Markets2

924.2

617.6

49.6%

306.6

Group Functions3

1,780.9

1,652.2

7.8%

128.6

Consolidation

-1,160.8

-1,068.1

8.7%

-92.7

Total

12,138.5

10,921.8

11.1%

1,216.7

1

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

2

Special Markets: Georgia, Germany, Liechtenstein, Türkiye

3

Group functions: VIG Holding, VIG Re, Wiener Re, VIG Fund, corporate IT service providers, asset management company and intermediate holding companies

Result before taxes

 

2024

2023

∆ in %

∆ absolute

in EUR million

 

 

 

 

Austria

336.1

385.9

-12.9%

-49.8

Czech Republic

211.1

218.0

-3.1%

-6.8

Poland

65.1

29.4

> 100%

35.7

Extended CEE1

159.7

101.0

58.1%

58.7

Special Markets2

88.6

64.2

37.9%

24.3

Group Functions3

21.3

-25.8

n/a

47.1

Consolidation

0.0

0.0

n/a

0.0

Total

881.8

772.7

14.1%

109.1

1

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

2

Special Markets: Georgia, Germany, Liechtenstein, Türkiye

3

Group functions: VIG Holding, VIG Re, Wiener Re, VIG Fund, corporate IT service providers, asset management company and intermediate holding companies