EANS-Adhoc: Vienna Insurance Group / STRONG RESULT INCREASE IN THE FIRST THREE QUARTERS OF 2014

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Financial Figures/Balance Sheet/9M 2014
18.11.2014

· Profit increases 36.4% to EUR 430.8 million

· Earnings per share grow by 65.5% to EUR 3.26

· Premiums stable at around EUR 7.0 billion

· Combined ratio reduced to a very good 97.2%

Vienna Insurance Group recorded very good business development in the
first three quarters of 2014. Premiums were around EUR 7.0 billion,
remaining at the level of the previous year in spite of significant
negative exchange rate effects. When adjusted for these effects,
premiums increased by 1.7 percent.

The solid performance by Group companies is shown by the major
increase of 36.4% in profit (before taxes) to EUR 430.8 million. Net
profit after minorities rose even more sharply by 50.7 percent to EUR
327.7 million and earnings per share even grew by 65.5 percent to EUR
3.26. Profit (before taxes) rose 9.5 percent in CEE markets, and even
14.2 percent when adjusted for exchange rate effects. In total, Group
companies in the CEE region generated 56.7 percent, again more than
half of the Group's profits. It was particularly gratifying that all
of the markets in the region reported positive results (with the
exception of Bosnia-Herzegovina, due to major natural disaster
claims).

The good performance is also shown in the combined ratio development,
falling 3.5 percentage points year-on-year to a very good 97.2
percent in the 3rd quarter of 2014. Vienna Insurance Group was able
to achieve this major improvement in spite of the ongoing
conservative reserving policy for Donau Versicherung's Italian
business and the resulting negative effects this brings.

The Group financial result was EUR 844.1 million, and Vienna
Insurance Group investments (including cash and cash equivalents)
were around EUR 31.1 billion (as of 30 September 2014).

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