EANS-Adhoc: Vienna Insurance Group / TOP PERFORMANCE IN FIRST HALF-YEAR OF 2014

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announcement.
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Financial Figures/Balance Sheet/Half Year Results
26.08.2014

- Profit increased by 41.4% to EUR 290.9 million - strong profit
contribution from the CEE region

- Premiums stable at around EUR 5.0 billion - 1.0% increase, adjusted
for exchange rate effects

- Combined ratio reduced to 97.1% - following 99.8% in 1st half of
2013

- Administrative expenses reduced a further 4.2% - significant
reduction of around 20% since 2008

- Outstanding Standard & Poor's rating of "A+" with stable outlook
confirmed

Vienna Insurance Group had an excellent performance in terms of
profit (before taxes) in the first half-year 2014, which rose
strongly by 41.4 percent to EUR 290.9 million. Around 55 percent of
these profits were in the CEE region, where also the Romanian Group
companies further improved their performance.

Despite the clear earnings-oriented underwriting policy, Vienna
Insurance Group generated stable premiums in a difficult economic
environment of around EUR 5.0 billion. The Group even achieved a
solid increase of 1.0 percent after adjusting for foreign exchange
effects.

The combined ratio fell by 2.7 percentage points to a very good 97.1
percent. Vienna Insurance Group made the significant improvement
despite the ongoing conservative reserving policy for the Italian
business of Donau Versicherung and severe weather claims,
particularly in Austria, Serbia and Bosnia-Herzegovina.

The Group's financial result was EUR 551.6 million. Vienna Insurance
Group investments (including cash and cash equivalents) were around
EUR 30.5 billion (as of 30 June 2014).

Efficient cost management helped reduce Group administrative expenses
by another 4.2 percent in the first half-year 2014.

Vienna Insurance Group is working to increase efficiency throughout
the Group. Ongoing actions have reduced administrative expenses by
around one fifth since 2008. Net earned premiums rose around 25
percent in the same period.

The international rating agency Standard & Poor's confirmed the
outstanding "A+" rating with stable outlook making Vienna Insurance
Group the best-rated company in the ATX. The Group's excellent
capital resources exceed S&P's defined standard for AAA, once again
proving VIG's financial stability.

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