Vienna Insurance Group Key Financials 6M 2015

Year-to-date Page

Income Statement 2
Balance Sheet 3
Segment reporting by business line 4
Segment reporting by regions 7
Overview by countries 10

Others Page

Combined Ratio 11

Inhalt
Income Statment according to IFRS (EUR mn)

6M 2015 6M 2014 +/-%

1. Gross premiums written 4,908.0 4,983.8 -1.5
2. Net earned premiums 4,208.9 4,321.5 -2.6
3. Financial result 524.5 565.1 -7.2
4. Other income 50.2 58.1 -13.6
Total income 4,783.5 4,944.6 -3.3
6. Expenses for claims and insurance benefits -3,352.6 -3,602.6 -6.9
7. Acquisition and administrative expenses -956.5 -932.1 2.6
8. Other expenses -224.0 -108.8 105.9
Total expenses -4,533.0 -4,643.6 -2.4
Profit before taxes 250.5 301.1 -16.8
Taxes -53.4 -69.5 -23.2
Net profit before non-controlling interests (Profit for the period) 197.1 231.6 -14.9
Non-controlling interests -4.6 -8.3 -45.4
Net profit after minorites 192.5 223.2 -13.7

Gewinn- und Verlustrechnung Seite 2

Gewinn- und Verlustrechnung Seite 3
Balance Sheet according to IFRS (EUR mn)

6M 2015 12M 2014 +/-%

Intangible assets 2,370 2,370 0.0
Investments 30,239 30,360 -0.4
Unit- and index-linked investments 8,185 7,742 5.7
Reinsurers’ share in underwriting provisions 1,215 1,106 9.8
Receivables 1,619 1,502 7.8
Tax receivables and advance payments 132 119 11.1
Deferred tax assets 118 113 3.9
Other assets 352 331 6.1
Cash and cash equivalents 1,051 782 34.4
Total assets 45,281 44,425 1.9
Shareholders‘ equity 5,157 5,283 -2.4
thereof non-controlling interests 193 173 11.7
Subordinated liabilities 1,284 920 39.6
Underwriting provisions 28,164 27,890 1.0
Unit- and index-linked underwriting provisions 7,815 7,392 5.7
Non-underwriting provisions 652 709 -8.1
Liabilities 1,683 1,679 0.2
Tax liabilities out of income tax 83 84 -1.8
Deferred tax liabilities 267 287 -6.8
Other liabilities 177 181 -2.0
Total liabilities and shareholders' equity 45,281 44,425 1.9

Bilanz Seite 4
Segment reporting by business line according to IFRS (EUR mn)

P&C 6M 2015 6M 2014 +/-%

1. Gross premiums written 2,573.7 2,563.5 0.4
2. Net earned premiums 1,907.7 1,926.7 -1.0
3. Financial result 83.1 111.8 -25.7
4. Other income 28.2 38.4 -26.6
Total income 2,018.9 2,076.9 -2.8
6. Expenses for claims / benefits -1,223.8 -1,272.5 -3.8
7. Acquisition and admin. expenses -576.5 -573.0 0.6
8. Other expenses -73.0 -66.0 10.6
Total expenses -1,873.4 -1,911.5 -2.0

Profit before taxes 145.6 165.5 -12.0

Segmentbericht Geschäftsbereiche Seite 5

Life 6M 2015 6M 2014 +/-%
1. Gross premiums written 2,134.4 2,223.2 -4.0
2. Net earned premiums 2,105.9 2,195.6 -4.1
3. Financial result 421.7 435.4 -3.1
4. Other income 21.6 19.6 9.9
Total income 2,549.2 2,650.5 -3.8
6. Expenses for claims / benefits -1,963.8 -2,168.8 -9.5
7. Acquisition and admin. expenses -354.6 -335.9 5.6
8. Other expenses -148.7 -41.8 255.4
Total expenses -2,467.1 -2,546.5 -3.1

Profit before taxes 82.1 104.0 -21.1

Segmentbericht Geschäftsbereiche Seite 6

Health 6M 2015 6M 2014 +/-%
1. Gross premiums written 200.0 197.1 1.5
2. Net earned premiums 195.2 199.2 -2.0
3. Financial result 19.7 17.9 10.3
4. Other income 0.5 0.1 494.9
Total income 215.4 217.2 -0.8
6. Expenses for claims / benefits -165.1 -161.3 2.3
7. Acquisition and admin. expenses -25.3 -23.3 8.6
8. Other expenses -2.3 -0.9 140.3
Total expenses -192.6 -185.6 3.8

Profit before taxes 22.8 31.6 -27.9

Segmentbericht Geschäftsbereiche Seite 7

Segment reporting by regions according to IFRS (EUR mn)

Austria Czech Republic Slovakia

6M 2015 6M 2014 +/-% 6M 2015 6M 2014 +/-% 6M 2015 6M 2014 +/-%
1. Gross premiums written 2,286.2 2,340.6 -2.3 835.2 891.5 -6.3 388.5 387.3 0.3
2. Net earned premiums 1,729.7 1,788.5 -3.3 638.6 713.0 -10.4 311.1 308.7 0.8
3. Financial result 387.1 406.9 -4.9 56.5 61.6 -8.4 28.5 24.1 17.9
4. Other income 7.6 16.7 -54.7 15.7 16.2 -3.6 7.1 4.0 75.3
Total income 2,124.3 2,212.1 -4.0 710.7 790.8 -10.1 346.6 336.9 2.9
6. Expenses for claims / benefits -1,692.8 -1,754.4 -3.5 -449.3 -519.4 -13.5 -253.5 -250.8 1.1
7. Acquisition and admin. expenses -312.2 -314.6 -0.8 -155.2 -164.3 -5.5 -52.5 -46.9 12.0
8. Other expenses -33.6 -16.2 107.6 -18.1 -21.3 -14.9 -14.5 -13.5 7.4
Total expenses -2,038.6 -2,085.2 -2.2 -622.6 -705.0 -11.7 -320.4 -311.2 3.0

Profit before taxes 85.7 126.9 -32.5 88.1 85.8 2.7 26.2 25.7 2.0

Combined Ratio 96.6% 99.7% 89.8% 88.7% 95.6% 94.5%

Segmentbericht Länder Seite 8

 Poland Romania Remaining markets
6M 2015 6M 2014 +/-% 6M 2015 6M 2014 +/-% 6M 2015 6M 2014 +/-%
1. Gross premiums written 449.4 565.3 -20.5 194.2 165.2 17.6 668.6 564.5 18.4
2. Net earned premiums 386.2 453.1 -14.8 122.0 87.9 38.8 486.1 409.9 18.6
3. Financial result 25.9 27.8 -7.0 6.6 6.5 1.0 41.8 44.7 -6.5
4. Other income 3.6 3.5 3.7 3.7 9.7 -61.4 12.0 7.7 57.2
Total income 415.8 484.4 -14.2 132.3 104.1 27.1 539.9 462.3 16.8
6. Expenses for claims / benefits -265.0 -319.0 -16.9 -77.9 -58.3 33.7 -273.7 -298.6 -8.3
7. Acquisition and admin. expenses -117.1 -125.3 -6.5 -42.5 -35.7 19.0 -102.7 -101.7 1.0
8. Other expenses -5.5 -6.4 -13.9 -8.4 -9.0 -7.5 -132.7 -34.4 286.0
Total expenses -387.6 -450.7 -14.0 -128.8 -103.1 25.0 -509.1 -434.6 17.1

Profit before taxes 28.2 33.7 -16.3 3.5 1.0 256.8 30.9 27.7 11.5

Combined Ratio 96.8% 96.0% 103.2% 108.3% 96.6% 97.6%

Segmentbericht Länder Seite 9

 Central Functions Consolidation Total
6M 2015 6M 2014 +/-% 6M 2015 6M 2014 +/-% 6M 2015 6M 2014 +/-%
1. Gross premiums written 675.8 684.8 -1.3 -589.8 -615.4 -4.2 4,908.0 4,983.8 -1.5
2. Net earned premiums 534.0 563.4 -5.2 1.2 -2.9 -143.3 4,208.9 4,321.5 -2.6
3. Financial result -21.8 -6.6 228.6 0.0 -0.1 -131.7 524.5 565.1 -7.2
4. Other income 0.5 0.9 -44.0 0.0 -0.6 -95.6 50.2 58.1 -13.6
Total income 512.7 557.7 -8.1 1.2 -3.6 -134.5 4,783.5 4,944.7 -3.3
6. Expenses for claims / benefits -340.5 -402.2 -15.3 0.1 0.1 -42.5 -3,352.6 -3,602.6 -6.9
7. Acquisition and admin. expenses -170.9 -147.8 15.7 -3.4 4.1 -183.7 -956.5 -932.1 2.6
8. Other expenses -13.1 -7.8 68.3 1.9 -0.3 -762.4 -224.0 -108.8 105.9
Total expenses -524.5 -557.8 -6.0 -1.5 4.0 -137.8 -4,533.0 -4,643.6 -2.4

Profit before taxes -11.8 -0.1 13784.7 -0.3 0.4 -167.6 250.5 301.1 -16.8

Combined Ratio 95.9% 97.1%

Segmentbericht Länder Seite 10

Overview by countries according to IFRS (EUR mn)

GPW P&C GPW Life GPW Health GWP Total Profit before Taxes Net Combined Ratio
6M 2015 6M 2014 6M 2015 6M 2014 6M 2015 6M 2014 6M 2015 6M 2014 6M 2015 6M 2014 6M 2015 6M 2014
Austria 1,122.4 1,121.4 973.7 1,035.1 190.2 184.1 2,286.2 2,340.6 85.7 126.9 96.6% 99.7%
Czech Rep. 440.4 442.7 394.7 448.8 - - 835.2 891.5 88.1 85.8 89.8% 88.7%
Slovakia 179.3 182.3 209.2 205.0 - - 388.5 387.3 26.2 25.7 95.6% 94.5%
Poland 244.5 296.2 204.9 269.2 - - 449.4 565.3 28.2 33.7 96.8% 96.0%
Romania 160.2 137.7 34.0 27.5 - - 194.2 165.2 3.5 1.0 103.2% 108.3%
Remaining 345.9 319.1 312.8 232.4 9.9 13.0 668.6 564.5 30.9 27.7 96.6% 97.6%
Hungary 47.3 43.2 54.0 42.1 - - 101.2 85.3 1.7 1.6 106.5% 107.0%
Croatia 17.8 19.7 32.1 28.0 - - 49.9 47.7 4.2 3.6 93.6% 99.8%
Serbia 25.9 22.9 14.2 12.2 - - 40.1 35.1 1.1 0.4 109.9% 78.7%
Bulgaria 52.6 46.9 20.7 15.9 - - 73.3 62.8 5.5 5.0 101.5% 101.8%
Bosnia&Herz. 6.1 5.5 0.5 0.3 - - 6.6 5.9 0.2 -0.1 104.3% 208.3%
Ukraine 23.9 30.4 1.0 1.4 - - 24.9 31.8 3.0 1.4 95.4% 100.6%
Turkey 74.8 62.7 - - - - 74.8 62.7 0.0 1.3 110.5% 102.3%
Georgia 10.3 10.4 - - 9.9 13.0 20.2 23.3 1.6 1.5 54.3% 66.9%
Baltics - - 29.4 26.4 - - 29.4 26.4 0.9 0.4 - -
Albania 18.0 15.0 - - - - 18.0 15.0 0.6 1.0 94.1% 90.0%
Macedonia 14.7 15.5 0.0 0.0 - - 14.7 15.5 1.7 1.6 76.9% 85.5%
Moldova 3.8 - - - - - 3.8 - 0.1 - 112.2% -
Liechtenstein - - 124.1 62.4 - - 124.1 62.4 0.0 0.2 - -
Germany 50.8 46.9 36.7 43.6 - - 87.5 90.5 10.1 9.8 83.7% 84.2%

Länderübersicht Seite 11
Combined Ratio

6M 2015 6M 2014
Net earned premiums 1,907.7 1,926.7
Expenses f. claims and insurance benefits 1,223.8 1,272.5
Acquisition and administrative expenses 576.5 573.0
other technical result 28.9 25.7
Claims ratio 64.2% 66.0%
Cost ratio 31.7% 31.1%
CoR 95.9% 97.1%

Rounding differences may occour.

CoR Seite 12