EANS-Adhoc: Record result of Vienna Insurance Group in 2012

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Financial Figures/Balance Sheet
03.04.2013

- Highest profit in the corporate history

- Profit before taxes increased by 5.1 percent to EUR 587.4 million

- Profit (after taxes and minorities) grew by 9.7 percent to EUR
446.2 million

- Increase in premiums to EUR 9.7 billion (+ 9.0 percent)

- Market share in core markets strengthened to more than 19 percent

- Standard & Poor's confirms excellent "A+" with stable outlook

- Proposed increase in dividend to EUR 1.20 per share *

EXCELLENT GROUP RESULT

In the financial year 2012 Vienna Insurance Group reported
consolidated premiums written of EUR 9.7 billion; this corresponds to
an increase of 9.0 percent. The significant growth of 17.2 percent in
life insurance was driven by the strong demand - particularly for
single-premium products - in Poland. The 2.1-percent increase in
property/casualty insurance as well as the growth in health insurance
premiums (8.7 percent) supported the overall positive trend of Group
premiums.

Amounting to EUR 587.4 million, the Group profit (before taxes) rose
by 5.1 percent. Profit after taxes and minorities even grew by 9.7
percent to a total of EUR 446.2 million.

Despite the substantial burden caused by storm damages, the Group
reported an excellent combined ratio (after reinsurance and excluding
investment gains) of 96.65 percent for the year 2012.

The financial result of the Group totalled EUR 1.2 billion,
increasing by 33.2 percent. The investments of the Group (including
cash and cash equivalents) rose by 5.5 percent to EUR 30.2 billion as
of 31 December 2012.

Based on these convincing data for the financial year 2012, an
increase of the dividend to EUR 1.20 per share will be proposed to
the Annual General Meeting of Vienna Insurance Group.*

GROUP EMBEDDED VALUE - CONTINUED TO INCREASE

Calculated on the basis of international standards, the embedded
value is the net asset value of Vienna Insurance Group plus the
present value of potential future profits from existing life and
health insurance contracts. It was confirmed by B&W Deloitte GmbH,
Cologne.

The long-term viability of the insurance business of Vienna Insurance
Group has been evidenced by the fact that the Group embedded value
(after taxes) increased by 14.4 percent to EUR 5.9 billion (adjusted
value for 2011: EUR 5.1 billion) as at 31 December 2012. With 5.8
percent, the CEE new business margin reached once more an excellent
value by international comparison.

* subject to the approval of the corporate bodies

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