EANS-Adhoc: VIENNA INSURANCE GROUP STAYS ON COURSE IN 1ST QUARTER OF 2012:

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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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3M 2012

23.05.2012

- Group premiums grew by 5.5 percent to more than EUR 2.7 billion

- Increase in Group profit (before taxes) by 6.0 percent to EUR 151.4
million

- Significant increase in profit in CEE by 13.8 percent

- Combined ratio decreased to excellent 96.4 percent

I. OVERVIEW OF KEY GROUP DATA FOR THE 1st QUARTER OF 2012 (in
accordance with IFRS)

In the 1st quarter of 2012 Vienna Insurance Group earned a total of
EUR 2.7 billion of (consolidated) premiums written, growing by 5.5
percent compared to the same period of the previous year.

The Group profit (before taxes, consolidated) amounted to EUR 151.4
million in the 1st quarter of 2012. This corresponds to a significant
increase by 6.0 percent compared to the prior-year period.

The Group profit after taxes and minority interests went up by 7.9
percent to EUR 117.7 million.

In the 1st quarter of 2012 the Group's combined ratio after
reinsurance (excluding investment income) was successfully decreased
by 1.4 percentage points to an excellent 96.4 percent - which is
considerably below the 100- percent threshold.

The Group posted total investments, including cash and cash
equivalents, of EUR 28.7 billion as of 31 March 2012. Increasing by
9.4 percent, the financial result totalled EUR 277.0 million. The
hidden reserves of the Group amounted to about EUR 1.5 billion.

II. OUTLOOK

In 2012 the focus will remain on strengthening organic growth - by
promoting business with existing companies. This will, however, not
exclude the possibility of acquisitions rounding off the portfolio.
Vienna Insurance Group set itself the goal of growing above market
average in the next years. The Management of Vienna Insurance Group
has committed itself to keeping volatilities as low as possible by
taking into account the economic background. Vienna Insurance Group
also strives to identify cost-cutting potentials on an ongoing basis
and to use them to the best advantage.

Further inquiry note:
VIENNA INSURANCE GROUP AG
Wiener Versicherung Gruppe
1010 Wien, Schottenring 30

Alexander Jedlicka
Head of Public Relations, Spokesperson
Tel.: +43 (0)50 390-21029
Fax: +43 (0)50 390 99-21029
E-Mail: alexander.jedlicka@vig.com

Nina Higatzberger
Head of Investor Relations
Tel.: +43 (0)50 390-21920
Fax: +43 (0)50 390 99-21920
E-Mail: nina.higatzberger@vig.com

end of announcement euro adhoc
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issuer: Vienna Insurance Group
Schottenring 30
A-1011 Wien
phone: +43(0)50 390-21919
FAX: +43(0)50 390 99-23303
mail: investor.relations@vig.com
WWW: www.vig.com
sector: Insurance
ISIN: AT0000908504
indexes: WBI, ATX Prime, ATX
stockmarkets: official market: Wien, stock market: Prague Stock Exchange
language: English