EANS-Adhoc: Vienna Insurance Group in the 1st to 3rd quarter of 2010: - Group premiums increased by 7.1 percent to EUR 6.5 billion - Profit (before taxes) rose by 10.9 percent to EUR 377.7 million

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
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announcement.
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First Three Quarters 2010

09.11.2010

Not for distribution in the USA, Canada, Japan and Australia.

- Continuing strong growth in the life insurance business
- Expansion of the Group's sound capital base

OVERVIEW OF KEY GROUP DATA FOR THE FIRST THREE QUARTERS OF 2010 (IN
ACCORDANCE WITH IFRS)

In the first three quarters of 2010, Vienna Insurance Group
registered premiums written (consolidated) of a total of EUR 6.5
billion, corresponding to a plus of 7.1 percent compared to the same
period of the previous year.

With a Group profit (before taxes, consolidated) totalling EUR 377.7
million, Vienna Insurance Group has continued its efforts to improve
its result on an ongoing basis, increasing it by a remarkable 10.9
percent.

Amounting to 98.2 percent, the combined ratio of the Group (net, this
means after reinsurance, excluding investment income) continued to
remain under the 100-percent threshold despite increases arising from
natural disasters. This damage (before reinsurance) - particularly in
Austria, the Czech Republic, Poland and Romania - amounted to more
than EUR 180 million.

In the first three quarters of the current year, the financial result
of the Group totalled EUR 895.7 million; this corresponds to an
increase by 23.2 percent compared to the same period of the previous
year.

The investments of the Group as of 30 September 2010 totalled EUR
27.7 billion, climbing by 6.9 percent from the level of 31 December
2009.

The Group's equity rose by 6.2 percent to a total of EUR 4.9 billion.

CONFIRMATION OF THE PROFIT FORECAST

The management of Vienna Insurance Group confirms that the aspired
increase in the profit before taxes of at least of 10 percent is
likely to be achieved according to plans in the current financial
year.

Another increase in the profit before taxes by about 10 percent is
expected for the year 2011, while the volume of premiums is expected
to rise within a single- digit percentage range. Prerequisites are,
however, that the economic and legal framework will not deteriorate
substantially and that damage arising from natural disasters will not
show a dramatic development.

EXAMINING A BOND ISSUE

With an equity ratio of 12.6 percent and meeting capital adequacy
requirements by more than 200 percent, the Group has an excellent
financial base. To continue optimising the future-oriented equity
base and capital structure, the Managing Board considers the
possibility of issuing a subordinated bond.

Disclaimer:

This announcement serves information purposes in Austria and
constitutes neither an offer to sell nor a solicitation to buy any
securities. A public offer by VIENNA INSURANCE GROUP AG Wiener
Versicherung Gruppe has not yet taken place. Any securities orders
received prior to the commencement of the offer period will be
rejected. If a public offer is made, a prospectus approved by the
Austrian Financial Market Authority will be published in Austria
which will be available free of charge at VIENNA INSURANCE GROUP AG
Wiener Versicherung Gruppe, Schottenring 30, 1010 Vienna.

This announcement is not an offer for sale of securities in any
jurisdiction where such an offer is illegal. The securities have not
been registered under the U.S. Securities Act of 1933 as amended (the
"Securities Act"), and may not be offered or sold in the United
States absent registration or an exemption from the registration
requirements under the Securities Act. This announcement is not being
issued in the United States and may not be distributed to U.S.
persons or publications with general circulation in the United
States.

This announcement is directed only at persons (i) who are outside the
United Kingdom or (ii) who have professional experience in matters
relating to investments falling within Article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 (as
amended) (the "Order") or (iii) who fall within Article 49(2)(a) to
(d) ("high net worth companies, unincorporated associations etc.") of
the Order (all such persons together being referred to as "Relevant
Persons"). Any person who is not a Relevant Person must not act or
rely on this announcement or any of its contents. Any investment or
investment activity to which this announcement relates is available
only to Relevant Persons and will be engaged in only with Relevant
Persons.

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 AG

Wiener Versicherung Gruppe

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