Strong capitalisation and financial flexibility
By pursuing our line of long-term stability, strong capitalisation and financial flexibility, strictly conservative investment strategy and prudent underwriting policy, we’ve been able to continue to drive our results without getting lost on the way.
|
Income Statement in EUR ’000 | 2023 | 2022 (restated) |
|---|---|---|
| Insurance Revenue | 819 401 | 651 509 |
| Non-Life | 779 911 | 623 422 |
| Life | 39 490 | 28 087 |
| Combined ratio* | 90.83% | 98.69% |
| Result from investments | 10 900 | -1 156 |
| Profit before tax | 31 610 | -801 |
| Profit for the period | 24 445 | -2 812 |
| Balance Sheet in EUR ’000 | 2023 | 2022 (restated) |
|---|---|---|
| Investments | 665 628 | 535 526 |
| Total assets | 1 328 154 | 1 151 597 |
| Shareholders’ equity | 294 931 | 187 574 |
| Reinsurance contract liabilities | 966 570 | 894 666 |
The Company does not own its own shares neither its ownership interests.
Values are in thousands of EUR. Based on Individual Financial Statements.
* Combined ratio is calculated for P&C and Health business segments
A+ Rating from S&P since 2008
Since our founding in 2008, Standard & Poor’s Financial Services (S&P) has rated us “A+” with “stable outlook”, both in respect of VIG Re's financial strength and long-term public issuer rating. The ratings were most recently confirmed on November 19, 2024 (click here to open the document). S&P acknowledges the beneficial role of VIG Re, providing “geographical and business diversification” for the business risk profile of the whole Vienna Insurance Group (VIG). VIG thus remains the company with the best rating of all companies listed in the ATX of the Vienna Stock Exchange.
