Strong capitalisation and financial flexibility
By pursuing our line of long-term stability, strong capitalisation and financial flexibility, strictly conservative investment strategy and prudent underwriting policy, we’ve been able to continue to drive our results without getting lost on the way.
|
Income Statement in EUR ’000 | 2022 | 2021 |
YoY Change |
|---|---|---|---|
| Premiums written | 792 273 | 661 275 | + 19.8% |
| Property & Casualty | 717 168 | 600 096 | + 19.5% |
| Life | 40 727 | 32 867 | + 23.9% |
| Health | 34 377 | 28 312 | +.21.4% |
| Combined ratio* | 91.9% | 96.1% | - 4.2% |
| Result from investments | 7 546 | 9 610 | - 21.5% |
| Profit before tax | 30 668 | 26 846 | + 14.2% |
| Profit for the period | 25 573 | 21 136 | + 21.0% |
| Balance Sheet in EUR ’000 | 2022 | 2021 | YoY Change |
|---|---|---|---|
| Investments | 637 354 | 608 672 | + 4.7% |
| Total assets | 1 481 346 | 1 474 979 | + 0,4% |
| Shareholders’ equity | 140 255 | 179 835 | - 22.0% |
| Claims provisions | 1 094 075 | 1 040 215 | + 5.2% |
The Company does not own its own shares neither its ownership interests.
Values are in thousands of EUR. Based on Individual Financial Statements.
* Combined ratio is calculated for P&C and Health business segments
A+ Rating from S&P since 2008
Since our founding in 2008, Standard & Poor’s Financial Services (S&P) has rated us “A+” with “stable outlook”, both in respect of VIG Re's financial strength and long-term public issuer rating. The ratings were most recently confirmed on July 27, 2023 (click here to open the document). S&P acknowledges the beneficial role of VIG Re, providing “geographical and business diversification” for the business risk profile of the whole Vienna Insurance Group (VIG). VIG thus remains the company with the best rating of all companies listed in the ATX of the Vienna Stock Exchange.
