EANS-Adhoc: Vienna Insurance Group in 2013

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Financial Figures/Balance Sheet/Results and Embedded Value for the
year 2013 10.04.2014

- Premiums reach EUR 9.2 billion

- Premiums adjusted for special effects increase by 2.8 percent

- Profit (before taxes) EUR 355.1 million

- Result adjusted for special effects around EUR 570 million

- "Remaining markets" pass EUR 1 billion mark in premiums for the
first time

- Strong capitalization: solvency ratio significantly higher than
200 percent

- Managing Board proposes increase in dividend to EUR 1.30 per share

Solid operating performance in a challenging financial year

Vienna Insurance Group earned EUR 9.2 billion in Group premiums in
financial year 2013. The intentional reduction of short-term
single-premium business in Poland, the decrease in motor business in
Italy and currency effects (in particular devaluation of the Czech
crown) led to a 4.4 percent reduction in premiums. Excluding these
effects, Vienna Insurance Group achieved solid operating premium
growth of 2.8 percent.

Property and casualty premiums fell by 1.2 percent. Excluding special
effects mentioned above there was an increase of 1.6 percent.

Vienna Insurance Group achieved satisfying performance of around 5
percent in non-motor. The high level of demand in this area shows the
long-term potential for modern insurance products in the CEE markets.
Vienna Insurance Group companies took advantage of this by increasing
distribution to further encourage portfolio diversification and risk
spreading.

Adjusted for the reduction in short-term single-premium business in
Poland and exchange rate effects, Vienna Insurance Group achieved an
operational increase of 4.3 percent in life. The 8.3 percent decrease
in premiums that was reported is a result of the effects mentioned
above. The successful cooperation with Erste Group continues to have
a very positive effect on the life insurance. The Group will use its
recent acquisitions in Hungary and Poland to take advantage of these
future opportunities in life insurance.

Health premiums grew by 1.6 percent to around EUR 400 million.

Challenging conditions, particularly in the Romanian market, and
developments in Italy led Group management to impair goodwill and to
take additional precautionary measures that had a dramatic negative
effect on the operating profit for the reporting period. The
resulting Group profit (before taxes) was EUR 355.1 million (-37.0
percent). The Group result, adjusted for these special effects, was
approx. EUR 570 million.

These extraordinary measures also raised the combined ratio to 100.6
percent.

The financial result of the Group remained stable at around EUR 1.2
billion. Vienna Insurance Group investments (including cash and cash
equivalents) were close to EUR 30 billion (as of 31 December 2013).

Due to the Group's excellent capitalization, solvency ratio of
sustainably more than 200 percent and solid operating result, a
proposal will be made to raise the dividend to EUR 1.30 per share
(+ EUR 0.10) at the Vienna Insurance Group Annual General Meeting.

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 certified 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 11.0 percent to EUR 6.2 billion (adjusted
value for 2012: EUR 5.5 billion) as of 31 December 2013. With 6.0
percent, the CEE new business margin reached once more an excellent
value by international comparison.

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