euro adhoc: Vienna Insurance Group / Financial Figures/Balance Sheet / Vienna Insurance Group Q3 growth shows no sign of slowing yet: Excellent premium development continues: six billion euro mark

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quaterly report

11.11.2008

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

OVERVIEW OF KEY GROUP DATA FOR THE FIRST THREE QUARTERS OF 2008
(IFRS*)

In the first three quarters of the current year, the Vienna Insurance
Group was able to achieve a total growth in premiums of 19.6 percent.
It thus continues to be among the fastest-growing insurance groups in
Europe. Consolidated premiums written (excluding other insurance
participations) totalled EUR 6.02 billion. The Vienna Insurance Group
thus for the first time surpassed the six billion euro premium mark
on the Group level after three quarters.

(The premium income of Bank Austria Creditanstalt Versicherung and
Unita has been included only up to deconsolidation, i.e. 30 June
2008, and the premium income of Sparkassen Versicherung in Austria
only as from 1 July 2008. Furthermore, the premium income of s
Versicherung Group in the individual CEE countries and of the BCR
insurances in Romania are not included.)

The year-on-year increase in Group profit (before taxes,
consolidated) was even more pronounced, rising by a remarkable 25.5
percent to a total of EUR 406.78 million.

At 96 percent, the combined ratio of the Group after reinsurance (not
considering investment income) continues to remain clearly below the
100 percent mark.

Financial results (before allocation to the mathematical reserve in
life insurance) in the first three quarters of the current year
amounted to EUR 806.24 million, a gain of 8.5 percent compared with
the same period in 2007.

As of 30 September 2008, investment volume of the Group amounted to
EUR 24.22 billion. This corresponds to a 20.1 percent increase
compared to 31 December 2007.

OUTLOOK

Depending on the development of the capital markets in the fourth
quarter of 2008, the Group will be able to achieve the forecast Group
profit (before taxes, consolidated) in the amount of approximately
EUR 540 million.

As regards the international capital markets, almost all forecasts of
financial results have proved wrong so far. Therefore, the Vienna
Insurance Group will fix its targets for 2009 to 2011 only after
observing the further development. In any case, the managing board of
the Vienna Insurance Group in 2009 will seek to at least repeat and -
depending on the capital market development - outperform the expected
very good result for 2008.

Based on its knowledge of its CEE markets, the Vienna Insurance Group
assumes that the premium growth it will be able to achieve in this
region in the next few years will again be clearly above that of
Western Europe on account of insurance markets in the CEE region
being not yet as saturated as those in Western Europe.

Despite the capital increase in May 2008 and the increased number of
shares by 23 million, the managing board will suggest to the
competent corporate bodies to maintain a dividend of EUR 1.10 per
share.

* The Group figures for the Vienna Insurance Group do not include the
aquired insurance companies of the Erste Group in CEE.

end of announcement euro adhoc
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ots Originaltext: Vienna Insurance Group
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

VIENNA INSURANCE GROUP (V.I.G.)

A-1010 Wien, Schottenring 30

Barbara Hagen-Grötschnig

Unternehmenskommunikation

Tel.: +43 (0)50 350-21027

Fax: +43 (0)50 350 99-21027

E-Mail: barbara.hagen@vig.com

Thomas Schmee

Investor Relations

Tel.: +43 (0)50 350-21900

Fax: +43 (0)50 350 99-21900

E-Mail: thomas.schmee@vig.com

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