Consolidated financial statements including group management report for the financial year 2022

MORE TH

GROW

Group Annual Report 2022

Financialcalendar*

AnnualGeneralMeeting:

26May2023

Update1stquarter2023:

31May2023

Resultsfor1sthalfof2023:

30August2023

Update1stto3rdquartersof2023:

30November2023

* preliminary schedule

Key figures at a glance

1. Extended CEE: Albania including Kosovo, Baltic states, Bosnia-Herzegovina, Bulgaria, Croatia, Hungary, Moldova, North Macedonia, Romania, Serbia, Slovakia, Ukraine.
2. Special Markets: Germany, Georgia, Liechtenstein, Türkiye.
3. Group Functions: VIG Holding, VIG Re, Wiener Re, VIG Fund, corporate IT service providers, Asset Management, Pension Funds, and intermediate holding companies.

Claims ratio Cost ratio

Calculation differences may arise when rounded amounts and percentages are summed automatically.

1. Including cash and cash equivalents.
2. Operating RoE measures the profi tability of the Group by expressing the business operating result as a ratio of the capital employed.
3. The value is calculated using shareholders' equity before non-controlling interests, less the revaluation reserve and less hybrid capital.
4. Planned dividend.
5. The calculation of this fi gure considers the interest expenses for hybrid capital in 2022. The undiluted earnings per share equals the diluted earnings per share (in EUR).

Four good reasons to invest in VIG:

1 Broad portfolio with growth potential

•  Insurance solutions in the property/casualty, life and health business across approx. 30 countries

•  Over 30 years of M&A experience in the CEE region

•  Organic and inorganic grown initiatives to further expand VIG's leading market position

2 Financial stability

•  "A+" rating with stable outlook from Standard & Poor's •  Solvency ratio of 280% in 2022

•  Continuous dividend distribution every year since 1994

3 Proven management principles ensure customer proximity

•  Local entrepreneurship for taking quick, flexible action on the market

•  Multi-channel distribution to exploit all sales opportunities •  Multi-brand policy for ensuring broad appeal

in relation to target groups

•  Conservative investment and reinsurance policies create trust

4 Sustainability as an integral part of our business model with own strategy since 2017

•  Innovative products and services that offer social and environmental added value for as many parts of the population as possible

•  Consideration of environmental and social criteria for investments and underwriting

•  Diversity strategy promotes inclusion and equal opportunity

More information is available in the Sustainability Report 2022 or at www.vig.com/corporate-responsibility

EUR 3.58

Earnings per share

Top result in a challenging environment

Dividend per share of

EUR 1.30

A dividend of EUR 1.30 per share will be proposed at the Annual General Meeting under the dividend policy which foresees a distribution of 30% to 50% of Group net profits to shareholders.

Solvency ratio of 280%

VIG continues to have excellent capital resources.

EUR 829.2 million

in green bonds

VIG takes social and environmental criteria into account in its investment strategy.

~72%

Wiener Städtische Versicherungsverein

Shareholder

structure

Breakdown of identified

shares, May 2022

(Source: Investor Update)

~28%

Free float

More information on VIG shares and the contact information for the Investor Relations department is available on the VIG website at www.vig.com/investor-relations

MORE GROWTH AND MORE SOLIDARITY

Dear Shareholders,

Ladies and Gentlemen!