EANS-Adhoc: Vienna Insurance Group: Preliminary profit before taxes and dividend proposal 2015 as well as outlook for 2016

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other/Preliminary profit before taxes 2015 / Dividend proposal 2015 /
Outlook 2016 16.03.2016

In a challenging environment Vienna Insurance Group achieved a
premium volume of more than EUR 9 billion. Premiums in property and
casualty (+0.8%), health (+3.0%) and regular-premium life business
(+4.9%) increased. The due to the current low interest rate
environment exercised restraint in the single-premium business
(-15.7%) led to an overall decrease of 1.4% in written premiums of
the Group.

The preliminary profit before taxes for the business year 2015 is
around EUR 172 million. Apart from the decreased current financial
income and the impairment done in the third quarter 2015, additional
impairments of intangible assets impacted this result. They evolved
from changes of the cash generating units in the course of the
extension of the management board, from a more cautious view on
developments in Romania and from tax changes in Poland.

The dividend policy of Vienna Insurance Group foresees the
distribution of at least 30% of net profits after minorities.
Management decided in today's board meeting to suggest to the
statutory bodies a dividend of EUR 0.60 per share for the business
year 2015. This means a pay-out ratio of around 78%.

For the business year 2016 VIG plans at least to double the pre-tax
result 2015 and targets a profit before taxes of up to EUR 400
million.

The following securities of VIG are admitted for trading on a
regulated market:

Issue title ISIN Trading segment

Aktie AT0000908504 Vienna and Prague Stock
Exchange, Official Market
VIG nachrang. Anl. 15 AT0000A1D5E1 Luxembourg Stock Exchange,
Second Regulated Market
VIG nachrang. Schuldv.13-43 AT0000A12GN0 Vienna Stock Exchange,
Second Regulated Market
Wr.Staedt. Hybridkap-Anl. 08 AT0000A09SA8 Vienna Stock Exchange,
Second Regulated Market
Wr.Staedt.Vers. EK-Anl. 05-22 AT0000342696 Vienna Stock Exchange,
Official Market
Wr.Staedt.Vers. var EK-Anl. 05 AT0000342704 Vienna Stock Exchange,
Official Market

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

Wolfgang Haas
Head of Group Communications & Marketing, Spokesperson of the Group
Tel.: +43 (0)50 390-21029
Fax: +43 (0)50 390 99-21029
E-Mail: wolfgang.haas@vig.com

Nina Higatzberger
Head of Investor Relations
Tel.: +43 (0)50 390-21920
Fax: +43 (0)50 390 99-21920
E-Mail: nina.higatzberger@vig.com

end of announcement euro adhoc
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issuer: Vienna Insurance Group
Schottenring 30
A-1010 Wien
phone: +43(0)50 390-21919
FAX: +43(0)50 390 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