Financial Reporting Document

Financial calendar

17 May 2022

Annual General Meeting:

20 May 2022

Results for the 1sthalf of 2022:

18 August 2022

Key figures at a glance

Group Functions3871

Special Markets21,259

Country

Czech Republic 4,974

Poland 2,555

Extended CEE111,090

Employees

• 1Extended CEE: Albania incl. Kosovo, Baltic states, Bosnia-Herzegovina, Bulgaria, Croatia, Hungary, Moldova,

  North Macedonia, Romania, Serbia, Slovakia, Ukraine

• 2Special Markets: Germany, Georgia, Liechtenstein, Turkey

• 3Group Functions: VIG Holding, VIG Re, Wiener Re, VIG Fund, corporate IT service providers and intermediate holding companies

Number

2021

2020

2019

2018

Income statement

Premiums written - gross

Net earned premiums - retention

Financial result incl. result from shares in at equity consolidated

companies

Expenses for claims and insurance benefits - retention

Acquisition and administrative expenses

Result before taxes

Net result of the period after taxes and non-controlling interests

Combined ratio

Claims ratio

Cost ratioBalance sheet

Investments1

Shareholders' equity (including non-controlling interests)

Underwriting provisions

Total assets

Operating retuon equity (operating RoE)2

Shares

Number of shares

Market capitalisation

Average number of shares traded per day

Book value per share3

End-of-period price

High

Low

Share performance for the year (excluding dividends)

Dividend per share

Dividend yield

Earnings per share5

Price-earnings ratio as of 31 DecemberEmployees

Number of employees (average for the year)

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

• 1Including cash and cash equivalents

• 2Operating retuon equity (operating RoE) measures the profitability of the Group by expressing the business operating result as a ratio of the capital employed.

• 3The value is calculated using shareholders' equity before non-controlling interests, less the revaluation reserve and less hybrid bonds.

• 4Proposed dividend

• 5The calculation of this figure includes the proportional interest expenses for hybrid capital in 2018. The undiluted earnings per share equals the diluted earnings per share (in EUR).

Mehr Wert:

More information on VIG shares and the contact information for the Investor Relations

department is available in the online report at

die VIG-Gruppe

www.annual-report.vig/2021

Die VIG-Versicherungsgruppe ist eine zuverlässige Partnerin und schafft mehr Wert für alle Stakeholder: für Kund:innen, Mitarbeiter:innen und Investoren.

More value: the VIG Group

VIG Insurance Group is a reliable partner that creates more value for its stakeholders: customers, employees and investors.

4 good reasons to invest in the VIG Group:

• • Leading insurance group in Central andEasteEurope

• • Insurance solutions in all lines of business for 22 million customers

• • Active in 30 countries with 30 years of M&A experience in the CEE region

2Financial stability and profitability

• • A+ rating with stable outlook from Standard & Poor's

• • Solvency ratio of 250%

• • Dividend paid each year since 1994

3Proven management principles ensure customer proximity

• • Local entrepreneurship for quick, flexible actionin the market

• • Multi-channel distribution to take advantage of all sales opportunities

• • Multi-brand policy for broad target group appeal

4Commitment to sustainability

More information is available in the current Sustainability Report 2021 and atwww.vig.com/corporate-responsibility

• • Diversity strategy promotes inclusion and equal opportunity

• • Consideration of environmental and social criteria for investments and underwriting

• • Sustainability strategy with five priorities since 2017

  EUR 2.94

  Earnings per share

  Top result in spite of the pandemicDividend of EUR1.25per shareA dividend of EUR 1.25 per share will be proposed at the Annual General Meeting under the dividend policy which foresees a distribution of30% to 50% of Group net profits to shareholders.

  Solvency ratio of250%

  VIG Insurance Group therefore continues to have excellent capital resources.

  EUR 436.4 million

  in green bonds

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

Insuring more, responsibly

Dear Shareholders, Ladies and Gentlemen!

"We want to be a reliable partner for our stakeholders." Sometimes this is easier said than done. I am therefore all the more pleased that we were able to demonstrate our reliability once again in2021. With a more in premiums, profitsand engagement and with the presenta-tion of our new strategic programme forthe period until 2025, we are reinforcingthis objective.

We increased our premium volume by5.5% in financial year 2021, therebyexceeding the EUR 11 billion thresholdfor the first time, while also earning asolid pre-tax result of EUR 511.3 million. Our well-known strengths - diversity,long-term thinking, flexibility andcontinuous improvement of the existingmodel - make us resilient and made thismore in success possible. They helped us manage the effects of the ongoing pandemic. However, all of this is once again being put to the test by the current state of war in Ukraine. We have become even more closely united as a Group in the past two years and have proven ourreliability under difficult conditions. This isall the more important in extreme situa-tions such as those that currently exist in Ukraine. What matters at the moment is taking care of the people there, including our employees and customers. In addi-tion to the human suffering, the conflictand sanctions can be expected to have far-reaching economic effects thatare yet difficult to assess. We will alsoovercome this challenge together. Broaddiversification across markets and linesof business and local entrepreneurship promote stability and allow us to provide mutual support. Our decentralisedstructure allows our companies to react quickly with solutions that are custom-tailored to market needs - even in extreme situations.

Improved combined ratio, higher dividend

In spite of the major natural disasters thatoccurred in 2021, due to our compre-hensive reinsurance programme, which limited the net impact on our results toaround EUR 90 million, our combinedratio improved to 94.2%. This successwas due in part to sustainable efficiencyimprovements in our business opera-tions. The pandemic also had a positiveeffect. The reduction in road traffic led toa favourable claims development in

the motor line of business in 2021.

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Vienna Insurance Group AG published this content on 14 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 April 2022 07:05:05 UTC.