23/01/2025 German Corporate Conference (Frankfurt)

Represented in

30

markets

Around

32mn

customers served by ~30,000 employees

Solvency Ratio

269%

as of 31 December 2023

2 STRATEGY

More than

50

insurance companies and pension funds

S&P Rating

A+

with stable outlook

Dividend per share for 2023:

€1.40

continuous dividend payout since 1994

Insurance service revenue of € 10.9bn at YE 2023

Life1MTPL

14.1%17.4%

Health

6.8%

Motor own

14.7% damage (casco)

47.0%

Other property & casualty

1 Life insurance is divided into life with profit participation (7.8%),

life without profit participation (5.4%) and unit- & index-linked life (0.9%)

VIG VIENNA INSURANCE GROUP

VIG - LEADING INSURANCE GROUP IN CEE

VIG as early mover with excellent market shares

NO

Top 3

Austria

Albania Baltic states

FIBulgaria Czech Republic Hungary

Total Market Share

22.6%

31.6%

9.4%

29.0%

24.6%

19.6%

13.3%

11.2%

FR

DK

DE

LI

SE

CZ

1

AT

1

SI

North Macedonia

Romania

1. Slovakia

2Ukraine

VIG operating in:

Source: local authorities; FY 2023 (Q3 2023: Bulgaria, Serbia, Ukraine)

HR

TR

3

VIENNA INSURANCE GROUP

• Within 20 years, GDP per capita grew from as low as 30% of WesteEuropean levels to over 70%
• CEE is well-positioned to capitalise on the nearshoring trend - EU to strengthen EU-centric value chains especially in critical/ strategic sectors
• Digital transformation is particularly dynamic in the CEE region
• Green transition is seen both as an opportunity and a challenge

80

60

40

20

0

Romania Bulgaria Latvia Lithuania Poland Estonia Croatia Slovakia Hungary Czechia Slovenia

for the CEE region given its current substantial reliance on non-renewable energy

2004 2022

4

VIENNA INSURANCE GROUP

Strong private consumption driving growth in the CEE region in 2025-2026

• GDP growth for the EU members in the region is forecasted at average of 2.2%, rising to 2.9% in 2025 - significantly outperforming the stagnant euro area (0.6%), and still growing next year twice as fast as the euro area (1.4%)
• • Poland (3.1%) and Croatia (3.3%) are growing particularly strong in 2024, with Poland expected to lead in 2025-2026 (respectively 3.7% and 3.3%)
  • Export growth is weak, impacted by subdued demand from Germany; but foreign direct investment inflows (especially in the WesteBalkans) are supporting export capacity, partly due to nearshoring trends
• Inflation in most of VIG markets has slowed significantly, allowing for real wage growth and prompting central banks to cut interest rates
• Domestic demand remains strong and is driving the growth on the back of rising real wages, increased investment, and falling inflation

Real GDP average annual change

6

VIENNA INSURANCE GROUP

VIG's 4 proven management principles

Local entrepreneurship

Multi-brand policy

• Knowledge of local needs and markets
• Decentralised structures & efficient decision-making procedures
• VIG Holding responsible for steering the Group

• Utilisation of established local brands→ Local identification through market-specific brand(s)
• "Vienna Insurance Group" underlines the Group's internationality and strength

Multi-channel distribution

8%

Conservative investment and reinsurance policies

• Various distribution channels

• 35.3bn

2023

Investments held at VIG's own risk

• Focus on secure and sustainable investments
• Spreading risk by means of diversification

7

VIENNA INSURANCE GROUP

OBJECTIVES

VIG 25 STRATEGIC

DIRECTIONS & INITIATIVES

CO³

COUNTRYCOMMUNICATION

PORTFOLIOSCOLLABORATION

COOPERATION

VIG PRINCIPLES

Optimise operational excellence by

• simplification and automation of processes
• exchange and implement best practices
• further optimisation in underwriting and pricing

Enhancecustomer value and access including partnerships and platforms

• increase visibility and attractiveness of products
• moving towards a hybrid sales model

Expand value chain beyond insurance

• focus on asset management
• become more active in pension fund business

VIENNA INSURANCE GROUP

Objectives

• Promote risk literacy
• Grow corporate volunteering

Social focus Environmental focus

Objectives

• Reduce emissions of investment portfolio to net zero by 2050

rs em otsu

C

SUSTAINABILITY

ALONG OUR

BUSINESS MODEL

• Reduce emissions of corporate and retail underwriting portfolios to net

zero by 2050

• Increase the share of sustainable products

s eeyo

lpmE

O

• Climate neutral operation of our offices by 2030, net zero by 2050

9

VIENNA INSURANCE GROUP

10

VIENNA INSURANCE GROUP