Vienna Insurance Group achieved best result in its history, increases dividend

Posted on 16, May 2013 by | This entry was posted in Austria, Business, Financial, Insurance, Investment and tagged , , , , , , , , . Bookmark the permalink.

Resolution to increase dividend to EUR 1.20 per share

16-5-2013 — /europawire.eu/ — On 3 May 2013 the 22nd Annual General Meeting of Vienna Insurance Group AG Wiener Versicherung Gruppe was held at Stadthalle in Vienna. Thanks to an increase in profit (before taxes) by 5.1 percent to EUR 587.4 million and a growth in premiums by 9.0 percent to EUR 9.7 billion, the best result in the Group’s history has been achieved. Profit after taxes and minority interests even grew by 9.7 percent to a total of EUR 446.2 million. This excellent result for the year highlights once more the profitability and sustainable development of the leading insurance group in Austria and CEE.

Today the Annual General Meeting approved the motion of the Managing Board to increase the dividend again and to distribute EUR 1.20 per share. Vienna Insurance Group is continuing its long-term dividend policy of a pay-out ratio of at least 30 percent of the Group profit after taxes and minority interests. The dividend payment day and the ex-dividend date is 13 May 2013.

The resolutions of the Annual General Meeting were adopted by the shareholders with a large majority of votes. More detailed information is available for download on the Internet: http://www.vig.com/annual-general-meeting

The recording of the presentation given by General Manager Peter Hagen at today’s Annual General Meeting will be available on the website of Vienna Insurance Group as from approx. 5 p.m. at http://www.vig.com/annual-general-meeting

Vienna Insurance Group (VIG) is the leading insurance specialist in Austria as well as in Central and Eastern Europe. About 50 companies in 24 countries form a Group with a long-standing tradition, strong brands and close customer relations. VIG looks back on almost 190 years of experience in the insurance business. With about 24,000 employees, Vienna Insurance Group is the clear market leader in its core markets. It is therefore excellently positioned to take advantage of the long-term growth opportunities in a region with 180 million people. The listed Vienna Insurance Group is the best-rated company of ATX, the leading index of Vienna Stock Exchange; its share is also listed on the Prague Stock Exchange.

If you have any questions, please contact:
VIENNA INSURANCE GROUP
Public Relations
Schottenring 30
1010 Vienna

Alexander Jedlicka +43 50 390-21029, alexander.jedlicka@vig.com
Silvia Polan +43 50 390-21064, silvia.polan@vig.com
Julia Rychetsky +43 50 390-26814, julia.rychetsky@vig.com
Marco Jäger +43 50 390-26985, marco.jaeger@vig.com

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