Vienna Insurance Group in the 1st quarter of 2010

Vienna Insurance Group in the 1st quarter of 2010

Best 1st quarter in the corporate history

Profit (before taxes) increased by 10.4 percent to EUR 133.4 million

Group premiums for the first time above EUR 2.5 billion

Premiums grow by 7.9 percent

CEE core markets* – market leadership also in life insurance

Number one in the Czech Republic

Foundation of a life insurance company in Macedonia

“The business figures for the first quarter of 2010 confirm our forecast for the result of the current financial year”, stated Günter Geyer, CEO of Vienna Insurance Group, with regard to the Group’s development. “We are particularly pleased about growth achieved by our Group companies in the life insurance segment through insurance contracts sold by banks, proving that our decision to acquire the Sparkassen Versicherung Group one and a half years ago was right. This has made us the market leader in the Czech Republic for the first time. Moreover, we have also managed to move into leadership ranks in this segment in our CEE core markets. This success has encouraged us to expand our engagement in the life insurance business in new markets. After Montenegro, we will open up another market in the life insurance segment in Macedonia.“

Documents

Vienna Insurance Group in the 1st quarter of 2010
Full report in pdf format.

 

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