EANS-Adhoc: Vienna Insurance Group / Excellent result of Vienna Insurance Group in 2010[1]:

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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Preliminary Premiums 2010

25.01.2011

Increase of premiums written by 6.1 percent to EUR 8.7 billion

Significant plus of Group profit for the year (before taxes) by
almost 15 percent to about EUR 505 million

Planned increase of dividend to EUR 1 per share[2]

Excellent capitalisation of the Group

I. OVERVIEW OF KEY DATA FOR THE YEAR 2010

Based on preliminary data, Vienna Insurance Group reported
unconsolidated premiums written of EUR 8.7 billion in the financial
year 2010, corresponding to an increase of 6.1 percent. In the
non-life insurance segment Vienna Insurance Group achieved premiums
written of EUR 4.8 billion, i.e. a plus of 2.0 percent. After a
strong increase of 11.7 percent, the Group´s premiums in the life
insurance segment total EUR 3.9 billion.

According to preliminary figures, the Group profit (before taxes,
consolidated) predicted for 2010 will amount to about EUR 505
million. This corresponds to an increase by almost 15 percent.

The management of Vienna Insurance Group assumes that the Group´s
combined ratio (net, after reinsurance) will amount to about 98
percent in 2010 - despite the heavy burden caused by natural
disasters.

II. DIVIDEND

The Managing Board plans to propose to the corporate bodies an
increase of the dividend from EUR 0.90 to EUR 1.0 per share for the
financial year 2010. This reflects the steady increase in the Group´s
earnings and complies with its long-term dividend policy of
distributing at least 30 percent of the Group profit (after taxes and
minority interests).

III. Outlook for the financial year 2011

According to the latest revision of economic forecasts, Austria´s
economic development will be slightly better than predicted only
recently. These forecasts assume in particular that the economy in
the Eastern European markets will gain momentum, with growth rates
ranging between 2 and 4 percent. Therefore the economic dynamism in
this region is expected to distinguish itself positively from the
development in the EU-15 countries. It is indispensable to take into
account budget consolidation measures, which are showing effects in
some countries only now - in the wake of the economic crisis.

Against this background, the management expects a low percentage
increase in premiums for the year 2011. Nevertheless, the company
aims at increasing the profit before taxes by about ten percent. The
prerequisite is, however, that the economic and legal framework will
not deteriorate significantly and that there will be no drastic trend
in damage caused by natural disasters.

[1] The figures are based on preliminary data, are unconsolidated and
have not been audited. All data are stated in Euro. [2] Subject to
the approval of the corporate bodies

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, Spokesperson
Tel.: +43 (0)50 350 21029
Fax: +43 (0)50 350 99 21029
E-Mail: alexander.jedlicka@vig.com

Thomas Schmee
Head of 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