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Vienna Insurance Group Reaps Successes of Its CEE Strategy

Published: March 22, 2018; 07:59 · (Vindobona)

Group profit before taxes increased to EUR 442.5 million in 2017 (2016: EUR 406.7 million). This 8.8 percent increase in profits was primarily due to positive improvement in the combined ratio and an increase in the life insurance underwriting result in the Czech Republic and Slovakia. Poland recorded a particularly large increase in profit, due in part to a successful stabilisation of the motor insurance business.

Elisabeth Stadler: "Highly positive preliminary results" / Picture: © Vienna Insurance Group/Ian Ehm

* Premiums increased to around EUR 9.4 billion (+3.7 percent)
* Profit (before taxes) increased to around EUR 443 million (+8.8 percent)
* Combined ratio significantly improved to 96.7 percent (2016: 97.3 percent)
* Proposed dividend raised to EUR 0.90 per share (+12.5 percent)
* Effective sustainable measures in "Agenda 2020" successfully introduced

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This article includes a total of 2072 words.

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