VIG Corporate Presentation

PROTECTING WHAT MATTERS. April 2021 CORPORATE PRESENTATION VIG VIENNA INSURANCE GROUP OVERVIEW WELCOME TO VIENNA INSURANCE GROUP! We are the leading Around Represented in insurance group in Central and Eastern Europe. 30 50Group companies countries Cooperation with More than More than Erste Group million the largest retail bank in CEE 25,000employees 22customers VIG share listed VIG share since on the Vienna & Prague Standard & Poor‘s Rating STOCK A+ 1994on the Vienna Stock Exchange EXCHANGE with stable outlook 3 OVERVIEW VIG VIENNA INSURANCE GROUP AT HOME IN 30 COUNTRIES 4 OVERVIEW VIG VIENNA INSURANCE GROUP CAPITAL MARKETS – KEY FACTS ABOUT VIG SHARE MAIN SHAREHOLDER FREE FLOAT STANDARD & POOR´S ~ % ~ % A+rating with Wiener72 Städtische VIG 28share is listed on the ATX, Versicherungsverein the index of leading shares on stable outlook the Vienna Stock Exchange, and on the Prague Stock Exchange DIVIDEND POLICY 0.75 Euro* KEY SHARE FIGURES *Dividend proposal for 2020 132.89 m 3.6%** Share capital (EUR) Dividend yield for 2020 Dividend Policy: 128 m The dividend policy defines a payout ordinary shares ratio in the range of 30 to 50% of Group profits after taxes and non- ~2.66 bn controlling interests. The aim is to keep Market capitalisation the dividend per share aligned with Status: 31 December 2020 Group performance. The dividend (EUR) payout ratio 2020 amounts to 41.5%** ** According to dividend proposal for 2020 5 OVERVIEW VIG VIENNA INSURANCE GROUP THE LEADING INSURANCE GROUP IN CEE Our market position in Central and Eastern Europe No. 1 Top 5 <or>10 Austria Albania Belarus 1 Baltic states Bosnia and Hungary Bulgaria Herzegovina Montenegro Czech Republic Croatia Slovenia 10 North Macedonia Georgia Turkey 4 Romania Kosovo Slovakia Moldova 1 3 Poland 1 1 5 Serbia 6 Ukraine >10 1 4 5 4 2 7 3 1 1 2 2 >10 Status: 1st to 3rd quarters of 2020 (HU: Q4 2019, Sl: 1st half of 2020) 6 OVERVIEW VIG VIENNA INSURANCE GROUP YOU CAN COUNT ON US KEY FIGURES 2020 PREMIUM VOLUME PROFIT (BEFORE TAXES) COMBINED RATIO € 10.4bn € 346mn 95% SOLVENCY RATIO FINANCIAL RESULT INVESTMENTS NET RESULT 238% € 596,3mn € 36.6bn € 231.5mn 7 OVERVIEW VIG VIENNA INSURANCE GROUP OUR MANAGEMENT Elisabeth Stadler Harald Riener CEO Peter Höfinger Gerhard Lahner Gábor Lehel Liane Hirner Hartwig Löger Member of the Peter Thirring Chair of the Managing Board Member of the COO CIO Managing Board CTO CFRO Member of the Managing Board Member of the Member of the Managing Board Member of the Management of the VIG Group, Member of the Managing Board Managing Board Customer Experience, Managing Board General Secretariat and Legal, Managing Board Corporate and large Data Management & Assistance, Affiliated companies department, customer business Processes, Digital Transformation, Strategy and Development, Sales Toolbox Non-Life Insurance, European Affairs, Finance and Accounting, Vienna International Group IT-Functions, Eco-systems & Platforms Planning and Controlling Life & Health Insurance, Communications & Marketing, Enterprise Risk Underwriters (VIU), Holding IT, CEE Region North Actuarial Department Sponsoring, Management, Reinsurance Asset Management, Country: BY CEE Region Central (EE, LT, LV, PL, UA) Bancassurance and Asset-Risk Management, Real Estate, (AT, CZ, HU, SK) Country: TR international partnerships, Digitalisation Finance and CEE Region South Group Treasury, Human Resources Risk (AL, BA, BG, KO, HR, Asset Liability Management MD, MK, MNE, RO, RS) Country: DE Country: LI Country: GE : Ian Ehm Photos Responsibilities of the entire Managing Board: Compliance, Internal Audit, Investor Relations AL: Albania, AT: Austria, BA: Bosnia and Herzegovina, BG: Bulgaria, BY: Belarus, CZ: Czech Republic, DE: Germany, EE: Estonia, GE: Georgia, HR: Croatia, HU: Hungary, KO: Kosovo, LI: Liechtenstein, LT: Lithuania, LV: Latvia, MD: Moldova, MK: North Macedonia, MNE: Montenegro, PL: Poland, RO: Romania, RS: Serbia, SK: Slovakia, TR: Turkey, UA: Ukraine 8 OVERVIEW VIG VIENNA INSURANCE GROUP FIRST MOVER IN CEE Expansion to Eastern Europe shortly after the fall of the Iron Curtain 1989 1 bn Euro Premium volume ~5,600 employees 3 Group companies Austria 1996 1999 2002 2004 2007 2010 2014 Hungary Liechtenstein Bulgaria Slovenia Albania Montenegro Moldova Croatia Belarus Ukraine Kosovo Italy North Macedonia Turkey Czech Republic Estonia Slovakia Latvia Bosnia and Germany Poland Romania Serbia Georgia Lithuania Herzegovina 2018 1990 1998 2001 2003 2005 2008 2011 France 2019 Sweden 2020 Norway > 10 bn Euro Denmark Premium volume ~25.000 employees ~50 Group companies 30 countries 9 OVERVIEW VIG VIENNA INSURANCE GROUP A LOOK AT OUR HISTORY The Group’s origins go back to 1824. 1824 Second World War 1952 14 June 1955 1971 Both office buildings on A new headquarters on The Ringturm – Austria’s Acquisition of a stake in Kärntner Ring in Vienna Vienna’s Schottenring is first modern high-rise Donau Versicherung AG are destroyed during air commissioned. office building – opens. (founded in 1867) lays raids. After the end of It symbolised Austria’s the foundations for Establishment of the war, the company’s today’s multi-brand Wechselseitige k.k.priv. post-war economic Brandschaden Versicherungs- reconstruction begins recovery and regained strategy. Anstalt, the Group’s initial with a small group of freedom. predecessor company. employees. 1990 October 1994 2005 since 2006 2008 2010 Initial plans for expansion The Group’s preference Stock market offensive Regular artistic wrapping of Second capital increase VIG Holding, the into Eastern Europe, and shares are listed on the including a capital the Ringturm as a contribution raises over EUR 1bn; management entity establishment of Kooperativa Vienna Stock Exchange. increase, and the VIG to art in public spaces. The cooperation agreement for the listed Group, in Bratislava, in what was share is included in the wrapping is created by artists with Erste Group . is formed. then Czechoslovakia, as the ATX for the first time; from Austria and the CEE first private insurer in the Since 2008, the VIG countries where Vienna former Communist bloc. share is listed on the Insurance Group has a Prague Stock Exchange. presence. 10 OVERVIEW VIG VIENNA INSURANCE GROUP INSIGHT OUR MISSION STATEMENT 12 INSIGHT VIG VIENNA INSURANCE GROUP OUR VALUES DIVERSITY CUSTOMER PROXIMITY RESPONSIBILITY Because of our presence in 30 We have strong roots, both We draw on experience to countries, primarily in Central and internationally and locally. Thanks to safeguard our customers’ futures Eastern Europe, we have an in-depth our local employees, we are more than as effectively as possible. A understanding of local circumstances. familiar with the typical needs of sense of responsibility and Sharing knowledge, ideas and customers in our different countries respect are always central to our experience within the Group is part of and markets. This allows us relationships with our customers, day-to-day operations. Diversity is one to offer tailored solutions and business partners, shareholders of our success factors and core values. maximise customer satisfaction in all and society as a whole. In a way, it is part of Vienna Insurance of our markets. Group’s DNA. 13 INSIGHT VIG VIENNA INSURANCE GROUP OUR CORPORATE STRATEGY We focus on providing our customers in CEE with customised products and services tailored to their needs. Our strategy is geared towards long- term profitability and continuous earnings growth, making us a reliable and stable partner in rapidly changing times. The core elements of our strategy: CORE BUSINESS INSURANCE FOCUS ON CEE Newald : Robert Photo 14 INSIGHT VIG VIENNA INSURANCE GROUP OUR MANAGEMENT PRINCIPLES Local entrepreneurship 1 Knowledge of local needs and markets Decentralised structures and efficient decision-making procedures Multi-brand strategy 2 Around 50 Group companies in 30 countries Utilisation of established local brands Multi-channel distribution 3 Various distribution channels, including partnership with Erste Group Strongly customer-oriented distribution Conservative investment and 4 reinsurance policy Quality, peace of mind and sustainability are our priorities Spreading risk by means of diversification 15 INSIGHT VIG VIENNA INSURANCE GROUP OUTLOOK KEEPING FIT FOR THE FUTURE Within our strategic measures, we focus on leveraging market potential to generate profits, while also ensuring its ability to meet future challenges and pursuing a business model that maximises cost effectiveness. OPTIMISATION OF ENSURING BUSINESS MODEL FUTURE VIABILITY Creating a value proposition to increase operational performance Measures to adapt the business model to future opportunities . Maximising of cost effectiveness . Expanding lines of business . Shared services and mergers . Digitisation and innovations . Closed File Review . Expanding our range of assistance services . Anti-fraud . Insurance of the future, sustainability ORGANISATION & ZUSAMMENARBEIT Die VIG Holding berät und unterstützt die Versicherungsgesellschaften in einer steuernden und fördernden Weise. Wir agieren als Partner und als Team. Im Fokus steht der langfristige Mehrwert für die Versicherungsgesellschaften. 17 OUTLOOK VIG VIENNA INSURANCE GROUP HIGHLIGHTS OF IMPLEMENTED MEASURES 2017-2020 Bancassurance . Cooperation with Erste Group extended until the end of 2033 Shared services and mergers . Selling of insurance via George . 13 mergers in 11 countries Health insurance Anti-fraud . Premium increase by 122% in the focus countries Bulgaria, Poland, Romania, Hungary, . Group-wide

Load more