EANS-Adhoc: VIENNA INSURANCE GROUP: 1ST-3RD QUARTER OF 2013

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Financial Figures/Balance Sheet/9M 2013
28.11.2013

- Positive development of the Group's result affected by heavy losses
in Romania and Italy

- Premiums of about EUR 7.1 billion (-5.1 percent)
Adjusted for special effects, increase by 2 percent

- Profit before taxes of EUR 315.9 million (-28.8 percent)

- Considerable improvement in the result of the 3rd quarter, compared
to the 2nd quarter 2013

- Successful issue of EUR 500 million subordinated bond

Key data for the first three quarters of 2013

Despite the very challenging market environment, Vienna Insurance
Group recorded a sound development of premiums. Consolidated premiums
written amounted to EUR 7.1 billion (-5.1 percent) in the first three
quarters of 2013. The decline of premiums is mainly due to the
planned reduction of the short- term single-premium business in
Poland as well as of the motor business in Italy. Without special
effects, Vienna Insurance Group reported a growth in premiums of
about 2 percent.

Against the background of intensive competition, premiums of EUR 3.6
billion were earned in the property/casualty insurance. This
corresponds to a decline by 1.9 percent in this segment, which has in
particular been due to the downsizing of the motor business in
Romania and Italy.

The development of premiums in the life insurance business remained
under the impact of the restraint in the short-term single-premium
business in Poland. The Group earned premiums of EUR 3.1 billion
(-9.0 percent) in this segment. Adjusted for the effect in Poland,
growth amounted to 2.8 percent. Regular premiums increased by 1.3
percent, with double-digit growth rates achieved in this sector in
many CEE countries.

Premiums in health insurance continued to grow to a total of EUR
303.7 million (+1.8 percent).

The profit (before taxes) of the Group amounted to EUR 315.9 million,
and the combined ratio stood at 100.6 percent. The adjusted result -
excluding special effects from Romania and Italy - totalled EUR 458.0
million (+3.3 percent).

The 3rd quarter was characterised by a significant improvement of the
profit (before taxes) to EUR 110.2 million, as compared to EUR 46.3
million in the previous quarter of 2013.

Despite heavy losses in Romania, the result in the CEE countries
developed favourably. The profit (before taxes) increased by 4.5
percent. Substantial contributions were made by the remaining CEE
markets (+93.5 percent) and Poland (+54.3 percent).

The financial result of the Group amounted to EUR 892.1 million in
the first three quarters of 2013. The investments, including cash and
cash equivalents, totalled EUR 29.5 billion as of 30 September 2013.

Outlook

Due to the continuing difficult market conditions in Romania and the
adverse situation of Donau Versicherung's motor insurance business in
Italy, the Managing Board of Vienna Insurance Group assumes, based on
the result for the third quarter of 2013, that the envisaged
objective of keeping volatilities in the development of results
sustainably as low as possible, will not be met in the current year.

Nevertheless, the management of Vienna Insurance Group will maintain
its established strategy to focus on the markets of Austria and
Central and Eastern Europe as well as on its core competence
"insurance business". Vienna Insurance Group will continue to adhere
to a risk-conscious and conservative investment policy based on a
strong capitalisation.

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