EANS-Adhoc: Vienna Insurance Group / Preliminary development of Vienna Insurance Group in 2011 [1]:

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
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announcement.
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Preliminary Premiums 2011

24.01.2012

Excellent corporate data despite a generally difficult economic
situation

Premiums written: growing by 3.4 percent to EUR 9 billion

Best result in the corporate history - increase in Group profit
(before taxes) by about 10 percent to nearly EUR 560 million

Managing Board considers increase in dividend

I. OVERVIEW OF KEY GROUP DATA FOR THE YEAR 2011

In the financial year 2011 Vienna Insurance Group earned
unconsolidated premiums written of EUR 9 billion; this corresponds to
a plus of about 3.4 percent. In the non-life insurance segment Vienna
Insurance Group increased premiums written by a remarkable 4.9
percent to EUR 5.1 billion. In the life insurance business the Group
reported a total of EUR 3.9 billion, achieving a growth of
1.4 percent - despite the difficult economic setting.

Based on preliminary data, the forecast Group profit (before taxes,
consolidated) for the year 2011 will amount to nearly EUR 560
million. This corresponds to an increase by approximately 10 percent.

The management of Vienna Insurance Group assumes that the combined
ratio of the Group (net, after reinsurance) for 2011 will amount to
the target value of about 97 percent.

II. DIVIDEND

The Managing Board of Vienna Insurance Group considers proposing an
increase in dividend for the year 2011 to the corporate bodies. This
would result in a dividend yield of about 3.6 percent.[2]

III. OUTLOOK FOR THE FINANCIAL YEAR 2012

The Management of Vienna Insurance Group continues its efforts to
keep volatilities affecting earnings as low as possible, taking into
account the economic environment, and to promote the organic growth
in premiums.

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[1] THE BUSINESS FIGURES ARE BASED ON PRELIMINARY DATA AND ARE UNCONSOLIDATED
AND UNAUDITED. All FIGURES STATED ARE BASED ON EURO.

[2] SUBJECT TO THE APPROVAL OF THE CORPORATE BODIES

Further inquiry note:
VIENNA INSURANCE GROUP AG
Wiener Versicherung Gruppe
1010 Wien, Schottenring 30

Alexander Jedlicka
Public Relations, Spokesperson
Tel.: +43 (0)50 350-21029
Fax: +43 (0)50 350 99-21029
E-Mail: alexander.jedlicka@vig.com

Nina Higatzberger
Head of Investor Relations
Tel.: +43 (0)50 350-21920
Fax: +43 (0)50 350 99-21920
E-Mail: nina.higatzberger@vig.com

end of announcement euro adhoc
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issuer: Vienna Insurance Group
Schottenring 30
A-1011 Wien
phone: +43(0)50 350-21919
FAX: +43(0)50 350 99-23303
mail: investor.relations@vig.com
WWW: www.vig.com
sector: Insurance
ISIN: AT0000908504
indexes: WBI, ATX Prime, ATX
stockmarkets: official market: Wien, stock market: Prague Stock Exchange
language: English