EANS-Adhoc: Vienna Insurance Group in the 1st to 3rd Quarter of 2011

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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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15.11.2011

- Group premiums increased by 4.0 percent to more than
EUR 6.8 billion - Continuing upward trend in the life insurance
business in the CEE core markets - Strong growth in property
insurance - Profit (before taxes) went up by about 10 percent to
EUR 414.1 million

I. OVERVIEW OF KEY GROUP DATA FOR THE FIRST THREE QUARTERS OF 2011
(in accordance with IFRS)

In the first three quarters of the current year Vienna Insurance
Group increased its premiums written (consolidated) by 4.0 percent to
a total of EUR 6.8 billion, compared to the same period of the
previous year.

The Group profit (before taxes, consolidated) went up by 9.6 percent
to a total of EUR 414.1 million, compared to the first three quarters
of 2010.

The combined ratio of the Group after reinsurance (excluding
investment income) amounted to 97.2 percent - after 98.2 percent in
the respective period of the previous year.

The investments of the Group rose by about EUR 370 million including
liquid funds, totalling approximately EUR 29 billion as of 30
September 2011. The financial result amounted to EUR 798.6 million.
This figure reflects, inter alia, the impact of the write-down to a
value of 50 percent on the portfolio of Greek government bonds.
Moreover, the portfolio of Italian government bonds was written down
by ten percent.

II. OUTLOOK

The Management of Vienna Insurance Group has been striving for many
years to avoid volatilities of premiums and of the profit as well as
to ensure the sound capitalisation of the Group. This will remain a
key objective of the Group in the near future, particularly in view
of the current global economic environment as well as the European
economic and currency situation.

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

end of announcement euro adhoc
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issuer: Vienna Insurance Group
Schottenring 30
A-1011 Wien
phone: +43(0)50 350-21919
FAX: +43(0)50 350 99-23303
mail: investor.relations@vig.com
WWW: www.vig.com
sector: Insurance
ISIN: AT0000908504
indexes: WBI, ATX Prime, ATX
stockmarkets: stock market: Prague Stock Exchange, official market: Wien
language: English