euro adhoc: Vienna Insurance Group / Financial Figures/Balance Sheet / Vienna Insurance Group in 2007, in accordance with IFRS*: Excellent result for 2007 Profits (before taxes) of m

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27.03.2008

Please note: this is a translation; only the German version of this
release is legally binding.

I. OVERVIEW OF KEY GROUP DATA FOR THE FINANCIAL YEAR 2007*

Compared to the previous year, in 2007 the Vienna Insurance Group
achieved growth of 17.5 percent in consolidated premiums written
(without other insurance participations), amounting to a total of EUR
6.91 billion.

Group profits (before taxes, consolidated) grew by an impressive 36.2
percent compared to the previous year, to a total of EUR 437.30
million. This is an increase of approximately EUR 116.33 million.

The positive business development makes possible an increase in the
dividend from 82 cents to EUR 1.10 per share, as will be recommended
to the competent corporate bodies. This represents a significant
increase of just over 34 percent compared to the previous year's
dividend.

The Group's combined ratio after reinsurance (not considering
investment income) of 95.5 percent was again an improvement on the
previous year. Despite the storm damage suffered last year the figure
was well below the 100 percent mark.

Compared to 2006, the financial result increased by almost 40 percent
to EUR 1.00 billion. This increase, attained despite the turbulence
that hit equity markets during the second half of 2007, underlines
the Vienna Insurance Group's the long-term sustainable conservative
investment policy.

Total Group investments amounted to EUR 23.24 billion on 31st
December 2007, which represents growth of 18.6 percent compared to
year end 2006.

II. NEW CHALLENGING TARGETS FOR 2011

As reported, the Vienna Insurance Group has signed an agreement to
acquire all of the insurance activities from Erste Bank. With regard
to possible conditions to anti-trust approvals in connection with the
transaction, the Vienna Insurance Group considers the sale of shares
in Bank Austria Creditanstalt Versicherung and the Romanian insurance
company Unita. After excluding expected premiums and profits (before
taxes) of these two companies, the Vienna Insurance Group sets new
and ambitious targets for 2011. For the year 2011, Group profit
(before taxes) of more than EUR 1 billion and premiums in the amount
of more than EUR 12 billion will be targeted. The CEE share in total
Group premiums is expected to increase to more than 50 percent.

* The most recently acquired companies are not included in the Group
premiums for the Vienna Insurance Group.

Disclaimer: This release contains forward-looking statements based
on the currently held beliefs and assumptions of the management of
Wiener Städtische Versicherung AG Vienna Insurance Group ("VIG"),
which are expressed in good faith and, in their opinion, reasonable.
These statements may be identified by words such as
"expectation" or "target" and similar expressions, or by their
context. Forward- looking statements involve known and unknown
risks, uncertainties and other factors, which may cause the actual
results, financial condition, performance, or achievements of VIG,
or results of the insurance industry generally, to differ
materially from the results, financial condition,
performance or achievements express or implied by such
forward-looking statements. Given these risks, uncertainties and
other factors, recipients of this press release are cautioned not
to place undue reliance on these forward-looking statements. VIG
disclaims any obligation to update these forward-looking
statements to reflect future events or developments.

end of announcement euro adhoc
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ots Originaltext: Vienna Insurance Group
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Contact:

WIENER STÄDTISCHE Versicherung AG

Vienna Insurance Group

Barbara Hagen-Grötschnig, MBA

Corporate Communications

Schottenring 30, 1010 Vienna

Tel.: +43 (0)50 350-21027

Fax: +43 (0)50 350 99-21027

E-Mail: b.hagen@staedtische.co.at

Branche: Insurance
ISIN: AT0000908504
WKN: A0ET17
Index: WBI, ATX Prime, ATX
Börsen: Prague Stock Exchange / stock market
Wiener Börse AG / official market