EANS-Adhoc: Vienna Insurance Group in 2009 [1]

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announcement.
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26.01.2010

With stability through difficult times

Group premiums remain at stable level of EUR 8.2 billion (plus
1.2 percent)

Consolidated profit (before taxes): about EUR 440 million - excellent
result of 2007 surpassed

Dividend policy provides for continuing attractive dividend payout -
at least 30 percent of the Group profit

Cautious outlook for 2010 - goal is a further increase in profit

Realignment of Group structure increases transparency and efficiency

OVERVIEW OF KEY DATA FOR THE YEAR 2009

Based on preliminary data, Vienna Insurance Group reported a total of
premiums written on an unconsolidated basis of EUR 8.22 billion. This
corresponds to an increase of 1.2 percent. In the non-life insurance
segment, Group premiums of EUR 4.75 billion were achieved (minus
0.7 percent). With premiums amounting to EUR 3.48 billion, the Group
records a plus of 3.9 percent in the life insurance segment.

The Group profit (before taxes, consolidated) for the year 2009 will
total approximately EUR 440 million (based on preliminary data).
Hence, the Group´s result will exceed that of the excellent year
2007.

The combined ratio of the Group (net, after reinsurance) for the year
2009 will amount to about 96 percent.

The dividend policy of the Group ensures that an attractive payout of
at least 30 percent of the Group profit (after taxes and minority
interests) will be provided.

OUTLOOK FOR THE FINANCIAL YEAR 2010

Vienna Insurance Group expects a single-digit premium increase for
the Group this year and profit before taxes to grow by at least ten
percent.

REALIGNMENT OF THE GROUP'S ORGANISATIONAL STRUCTURE

Due to expanding into the markets of the CEE region, Vienna Insurance
Group has grown to comprise about 50 companies. Continuous adjustment
of Group structures is indispensable for the Group´s successful
development.

To meet these challenges in an even better way, the Group believes
that the next logical measure will be to establish a listed Group
holding company named Vienna Insurance Group AG, in which the
shareholders will continue to hold their shares. Wiener Städtische
Versicherung - the largest individual company of the Group and
leading Austrian insurer - will run the operational insurance
business in Austria.

The resolutions of the executive bodies and the formal implementation
under corporate law have been scheduled for the first six months of
2010.

[1] The corporate figures are based on preliminary data, are not
consolidated and not audited. The comparative values of 2008 were
adjusted for Wüstenrot Versicherung, in which Vienna Insurance Group
held a minority interest.

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

Further inquiry note:

VIENNA INSURANCE GROUP (V.I.G.)

1010 Wien, Schottenring 30

Mag. Barbara Hagen-Grötschnig

Unternehmenskommunikation

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

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

E-Mail: barbara.hagen@vig.com

Mag. Thomas Schmee

Investor Relations

Tel.: +43 (0)50 350-21900

Fax: +43 (0)50 350 99-21900

E-Mail: thomas.schmee@vig.com

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