EANS-Adhoc: Vienna Insurance Group in the first quarter of 2010: Best first quarter in the corporate history

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announcement.
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Results 3M 2010

20.05.2010

Profit (before taxes) increased by 10.4 percent to EUR 133.4 million

Group premiums for the first time above EUR 2.5 billion

Premiums grow by 7.9 percent

CEE core markets* - market leadership also in life insurance

Number one in the Czech Republic

Foundation of a life insurance company in Macedonia

OVERVIEW OF KEY GROUP DATA FOR THE FIRST QUARTER OF 2010 (BASED ON
IFRS)

In the first quarter of 2010, Vienna Insurance Group reported a total
of premiums written (consolidated) of EUR 2.53 billion; this is a
plus of 7.9 percent compared to the same period of the previous year.
The Group achieved an increase of 13.8 percent in net earned
premiums.

The Group´s profit (before taxes, consolidated) for the first three
months of 2010 amounted to EUR 133.44 million, corresponding to a
total growth of 10.4 percent. This is the best first-quarter result
ever achieved in the corporate history.

The combined ratio of the Group after reinsurance (without taking
into account investment income) stood at 97.5 percent in the first
quarter of the current year.

The financial result of the Group totaled EUR 310.36 million in the
first quarter of 2010, climbing by 30.3 percent from the prior-year
level.

The investments of the Group amounted to EUR 26.85 billion as at 31
March 2010; this is an increase by 3.7 percent compared to 31
December 2009.

OUTLOOK

Due to the business development in the first quarter of 2010, the
management of Vienna Insurance Group reinforces the expected growth
in the profit (before taxes) by more than ten percent and a
single-digit increase in premiums.

FOUNDATION OF A LIFE INSURANCE COMPANY IN MACEDONIA

After the announced market entry in Montenegro, Vienna Insurance
Group continues strengthening its presence in Central and Eastern
Europe and plans to establish a life insurance company in Macedonia.
The Group has already been represented in the non-life insurance
sector of Macedonia through Winner Vienna Insurance Group since 2007.

The insurance products are to be sold through Investbanka a.d.
Skopje, forming part of the Erste Group. As a result, sales
cooperation with Erste Group will cover a total of ten countries.

* CEE core markets defined as follows: Bulgaria, the Czech Republic,
Croatia, Hungary, Poland, Romania, Serbia, Slovakia

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

Alexander Jedlicka

Public Relations, Pressesprecher

Tel.: +43 (0)50 350 21029

Fax: +43 (0)50 350 99 21029

E-Mail: alexander.jedlicka@vig.com

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