EANS-Adhoc: Vienna Insurance Group / VIENNA INSURANCE GROUP IN THE FIRST HALF-YEAR OF 2013:

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distribution. The issuer is solely responsible for the content of this
announcement.
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Mid Year Results
29.08.2013

29.08.2013

Operating result increases sharply to EUR 330.7 million (+9.5 percent)

Profit before taxes amounts to EUR 205.7 million (-31.9 percent) due to
precautions and impairments

Premiums of more than EUR 5 billion

Severe weather claims: compensation paid to customers triples to approx.
EUR 230 million

Despite precautions and severe weather claims, the combined ratio
remains below 100 percent

Key Group data for the first half-year of 2013

In a challenging market environment Vienna Insurance Group achieved a
sound premium development. Consolidated premiums written amounted to
EUR 5.0 billion (-4.8 percent). The premium income was influenced by
the restraint in the short- term single-premium business in Poland.
Without this special effect, premiums grew by 2.2 percent.

Despite tough competition in the property/casualty insurance, the
premium volume remained at a stable level of EUR 2.6 billion.

The life segment was impacted by the restraint in the short-term
single-premium business in Poland. In this segment the Group earned
premiums of EUR 2.2 billion (-10.3 percent). Adjusted for the Polish
effect, a significant growth of 5.4 percent was achieved. Regular
premiums in life increased by 1.2 percent.

Premiums in health continued to grow steadily to EUR 199.1 million
(+2.5 percent).

The operating result rose by 9.5 percent to EUR 330.7 million. In
line with the conservative accounting policy of Vienna Insurance
Group, goodwill impairment amounting to EUR 75 million and
precautionary measures of EUR 15 million have been made in Romania.
Additional precautions of EUR 35 million were recognised for the
insurance business of Donau Versicherung in Italy. Hence, the profit
(before taxes) of the Group amounted to EUR 205.7 million.

The financial result of the Group for the first half-year of 2013
totalled EUR 593.0 million, growing by 1.9 percent. The investments
of the Group - including cash and cash equivalents - amounted to
EUR 29.4 billion as of 30 June 2013.

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-1010 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