EANS-Adhoc: Vienna Insurance Group / VIENNA INSURANCE GROUP PRELIMINARY PREMIUMS 2013 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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other/Preliminary, unconsolidated Premiums 2013
28.01.2014

Premiums amount to about EUR 9.4 billion (-4.9 percent) - adjusted
for special effects, premiums increased by 2.2 percent

Premiums in the segment "remaining markets" exceed EUR-1-billion
threshold

Profit (before taxes) 1): about EUR 350 million

Normalised operating result 1): about EUR 580 million

Managing Board proposes increase in dividend 2) to EUR 1.30 per share

Sound operating performance in a difficult environment

In the financial year 2013 Vienna Insurance Group earned direct,
unconsolidated premiums written of about EUR 9.4 billion; this
reflects a decline by 4.9 percent, which is mainly due to the planned
reduction of the short-term single-premium business in Poland as well
as the targeted downsizing of the motor business in Italy and
Romania. About 1 percentage point of this decrease may be attributed
to currency effects, especially to the devaluation of the Czech
crown. Without these special effects, Vienna Insurance Group achieved
a sound premium growth of 2.2 percent.

In the property/casualty insurance premiums went down by 1.2 percent.
While the motor insurance failed to grow in many markets due to
fierce competition, Vienna Insurance Group has reported very positive
increases in other property/casualty lines of businesses. Thus Vienna
Insurance Group has achieved a further diversification of its
portfolio in the non-life segment.

Life insurance premiums decreased by 9.3 percent. Excluding the
effect of the targeted downsizing of the single-premium business in
Poland, Vienna Insurance Group reported an increase of 2.0 percent in
this segment.

The strategic approach of Vienna Insurance Group of focusing on
expanding its life insurance business has therefore proven right.
This applies particularly also to the cooperation with Erste Group
companies. Moreover, Vienna Insurance Group is continuously taking
further steps to strengthen this segment in CEE; this strategy has
been reaffirmed through recent investments in Hungary as well as in
Poland.

The preliminary profit (before taxes) is expected to amount to about
EUR 350 million and is decisively influenced by one-off effects in
Italy and Romania. Excluding these effects, Vienna Insurance Group is
likely to report a normalised operating result of approximately EUR
580 million, remaining more or less at the same level as the result
of the previous year.

Management proposes increase in dividend to EUR 1.30 per share

"In view of a continuous dividend policy, we want to take advantage
of the good operating performance as well as the strong capital base
of our Group to offer an attractive dividend to our shareholders.
Therefore we plan to propose our corporate bodies to increase the
dividend by EUR 0.10 to EUR 1.30 per share in the financial year
2013", emphasised Peter Hagen, CEO of Vienna Insurance Group. "This
means that we achieve a remarkable dividend yield of about 3.6
percent."

1)The business figures are based on preliminary data and are
unconsolidated as well as unaudited. All data are provided on a euro
basis. 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
Head of Public Relations, Spokesperson of the Group
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-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