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 | 2021 | 2020 | |
|---|---|---|---|
| Premiums written | 661 275 | 578 898 | + 14.2% |
| Property & Casualty | 600 096 | 524 286 | + 14.5% |
| Life | 32 867 | 26 257 | + 25.2% |
| Health | 28 312 | 28 355 | - 0.2% |
| Combined ratio* | 96.1% | 96.9% | - 0,8% |
| Result from investments | 9 610 | 8 456 | + 13.6% |
| Profit before tax | 26 846 | 22 560 | + 19.0% |
| Profit for the period | 21 136 | 16 770 | + 26.0% |
| Balance Sheet in EUR ’000 | 2021 | 2020 | |
|---|---|---|---|
| Investments | 608 672 | 578 728 | + 5.2% |
| Total assets | 1 470 637 | 1 048 361 | + 40.3% |
| Shareholders’ equity | 179 835 | 180 831 | - 0.6% |
| Claims provisions | 1 040 214 | 675 288 | + 54.0% |
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 October 17, 2022. 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.
