euro adhoc: WIENER STÄDTISCHE Versicherung AG Vienna Insurance Group / quarterly or semiannual financial statement / Vienna Insurance Group: Record result for Quarters 1 - 3 of 2007: At EUR 324 mill

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9-month report

14.11.2007

Please note: this is a translation; only the German version of this
release is legally binding.

KEY GROUP DATA FOR QUARTERS 1 - 3/2007

With consolidated premiums written (without other insurance
participations) of EUR 5.03 billion in the aggregate, the Vienna
Insurance Group in the first three quarters of 2007 achieved an
increase of 16.5 percent as compared to the same period of the
previous year. Thus, the five billion euro mark was surpassed for the
first time at the end of the third quarter.

The Group's profit (before taxes, consolidated) was increased by a
remarkable 40.5 percent to EUR 324.21 million in the first three
quarters of the current year. Thus, the overall result of the year
2006 was surpassed already after only nine months.

At 95.9 percent, the combined ratio of the Group after reinsurance
(not considering investment income) was improved as compared to the
previous year's figure (97.0 percent) in spite of the storm damage
suffered in the current year.

The financial result was EUR 743.08 million in the first nine months
of the current year and was up by a remarkable 38.0 percent from the
same period of the previous year. This positive financial result
underscores the rightness of the conservative investment policy
pursued by the Vienna Insurance Group. The Vienna Insurance Group did
not make investments in the US subprime market and did not get
involved with companies whose portfolios include such investments.
Thus for the Group, no negative effects are expected now or in the
future.

The expenses for claims incurred in the property/casualty segment
amounted to EUR 1.31 billion. Despite storm damage the expenses rose
sub-proportionally relative to the premiums, namely by 15.3 percent.
The expenses for claims and insurance benefits from the life segment
amounted to EUR 2.06 billion (up 23.1 percent).

The total investments of the Vienna Insurance Group increased from
EUR 19.60 billion as of 31 December 2006 to EUR 22.10 billion as of
30 September 2007. This translates to a 12.7 percent increase.

INCREASE OF THE DIVIDEND FOR 2007 PLANNED

The systematic implementation of the Group's policy as well as the
increase in income and profit and the ensuing improvement of the
positions on the most important markets in the first nine months of
the current year make it possible to raise the dividend for the year
2007 from EUR 0.82 to EUR 1.10 per share - subject to the approval of
the competent corporate bodies.

MANAGEMENT SETS AMBITIOUS TARGETS UNTIL 2010

Profit (before taxes) 2007: approx. EUR 435 million

Profit (before taxes) 2008: approx. EUR 530 million

Profit (before taxes) 2010: approx. EUR 770 million (currently over
USD 1.1 billion) and moreover a premium volume in the amount of
approx. EUR 10 billion (currently approx. USD 15 billion).

You will also find this press release on
http://www.wienerstaedtische.at under Ad-hoc News

end of announcement euro adhoc 14.11.2007 07:29:00
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ots Originaltext: Wiener Städtische Allgemeine Versichererungs AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Mag. Barbara Hagen-Grötschnig
Unternehmenskommunikation
WIENER STÄDTISCHE Versicherung AG
Vienna Insurance Group
A-1010 Wien, Schottenring 30
Tel.: +43 (0)50 350-21027
Fax: +43 (0)50 350 99-21027
E-Mail: b.hagen@staedtische.co.at

Branche: Insurance
ISIN: AT0000908504
WKN: A0ET17
Index: ATX Prime, ATX, WBI
Börsen: Wiener Börse AG / official market