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Vienna Insurance Group with Group Embedded Value, Solvency II ratio and final result for 2016 as well as adjustments to the 2015 result




12.42%


... hat VIG seither zugelegt


Kurs 22.14 (18.04.17)
zu 24.89 (last SK)

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19.04.2017
Disclosed inside information pursuant to article 17 Market Abuse Regulation (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
annual result/Adjustments to the 2015 result 19.04.2017
Group Embedded Value further increased\nSolvency II ratio stable at 195 per cent as of 31 December 2016\nProfit (before taxes) confirmed unchanged at EUR 407 million in 2016\nAdjustments in accordance with IAS 8 lead to goodwill impairments in 2015 of approx. EUR 90 million\nGroup Embedded Value reaches about EUR 6 billion Embedded Value is calculated according to international standards as the net asset value of Vienna Insurance Group plus the present value of expected future profits from existing life and health insurance policies. This has been certified by KPMG Austria GmbH.
The sustainability of Vienna Insurance Group's insurance business is reflected by the increase in the Group Embedded Value (after taxes), growing to about EUR 6 billion as of 31 December 2016 (adjusted value for 2015: EUR 5.7 billion). The new business margin once again reached a high international standard of 6.1 percent in the CEE region. The 2.0 per cent new business margin in Austria was a clear improvement compared to the previous year.
Solvency II ratio unchanged at 195 percent The Solvency II ratio calculated at the level of the listed VIG Group was 195 per cent at the end of 2016. This already includes the call and repayment of around EUR 256 million for the two supplementary capital bonds as of 12 January
2017. VIG's solvency therefore remains at an excellent level.

Result Vienna Insurance Group will publish its Group Annual Report for the 2016 financial year tomorrow. The auditor has certified the previously published profit before taxes of EUR 406.73 million. Due to changes in the goodwill recognised in Romania, Croatia, Hungary and Albania/Kosovo, the Group shareholders' equity was adjusted by around EUR 90 million. Profit before taxes in the 2015 financial year declined by the same amount. The adjustment is based on an error notification by the Austrian Financial Reporting Enforcement Panel (AFREP). According to AFREP, the method that VIG used to determine the interest rate for calculating the value in use of the cash generating units (CGUs) was not IFRS-compliant because VIG used a peer group financing structure that did not verifiably reflect the asset-specific risk of the CGUs.
Dividend The resolution proposals for the Annual General Meeting on 12 May 2017 include the previously announced dividend of EUR 0.80 per share that has, in the meantime, also been confirmed by the Supervisory Board.
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
end of announcement euro adhoc

issuer: Vienna Insurance Group Wiener Versicherung Gruppe
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
Digital press kit: http://www.ots.at/pressemappe/7674/aom

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Strabag
Strabag SE ist ein europäischer Technologiekonzern für Baudienstleistungen. Das Angebot umfasst sämtliche Bereiche der Bauindustrie und deckt die gesamte Bauwertschöpfungskette ab. Durch das Engagement der knapp 72.000 MitarbeiterInnen erwirtschaftet das Unternehmen jährlich eine Leistung von rund 14 Mrd. Euro (Stand 06/17).

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Vienna Insurance Group with Group Embedded Value, Solvency II ratio and final result for 2016 as well as adjustments to the 2015 result


19.04.2017
Disclosed inside information pursuant to article 17 Market Abuse Regulation (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
annual result/Adjustments to the 2015 result 19.04.2017
Group Embedded Value further increased\nSolvency II ratio stable at 195 per cent as of 31 December 2016\nProfit (before taxes) confirmed unchanged at EUR 407 million in 2016\nAdjustments in accordance with IAS 8 lead to goodwill impairments in 2015 of approx. EUR 90 million\nGroup Embedded Value reaches about EUR 6 billion Embedded Value is calculated according to international standards as the net asset value of Vienna Insurance Group plus the present value of expected future profits from existing life and health insurance policies. This has been certified by KPMG Austria GmbH.
The sustainability of Vienna Insurance Group's insurance business is reflected by the increase in the Group Embedded Value (after taxes), growing to about EUR 6 billion as of 31 December 2016 (adjusted value for 2015: EUR 5.7 billion). The new business margin once again reached a high international standard of 6.1 percent in the CEE region. The 2.0 per cent new business margin in Austria was a clear improvement compared to the previous year.
Solvency II ratio unchanged at 195 percent The Solvency II ratio calculated at the level of the listed VIG Group was 195 per cent at the end of 2016. This already includes the call and repayment of around EUR 256 million for the two supplementary capital bonds as of 12 January
2017. VIG's solvency therefore remains at an excellent level.

Result Vienna Insurance Group will publish its Group Annual Report for the 2016 financial year tomorrow. The auditor has certified the previously published profit before taxes of EUR 406.73 million. Due to changes in the goodwill recognised in Romania, Croatia, Hungary and Albania/Kosovo, the Group shareholders' equity was adjusted by around EUR 90 million. Profit before taxes in the 2015 financial year declined by the same amount. The adjustment is based on an error notification by the Austrian Financial Reporting Enforcement Panel (AFREP). According to AFREP, the method that VIG used to determine the interest rate for calculating the value in use of the cash generating units (CGUs) was not IFRS-compliant because VIG used a peer group financing structure that did not verifiably reflect the asset-specific risk of the CGUs.
Dividend The resolution proposals for the Annual General Meeting on 12 May 2017 include the previously announced dividend of EUR 0.80 per share that has, in the meantime, also been confirmed by the Supervisory Board.
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
end of announcement euro adhoc

issuer: Vienna Insurance Group Wiener Versicherung Gruppe
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
Digital press kit: http://www.ots.at/pressemappe/7674/aom

Random Partner #goboersewien

Strabag
Strabag SE ist ein europäischer Technologiekonzern für Baudienstleistungen. Das Angebot umfasst sämtliche Bereiche der Bauindustrie und deckt die gesamte Bauwertschöpfungskette ab. Durch das Engagement der knapp 72.000 MitarbeiterInnen erwirtschaftet das Unternehmen jährlich eine Leistung von rund 14 Mrd. Euro (Stand 06/17).

>> Besuchen Sie 53 weitere Partner auf boerse-social.com/goboersewien


Mehr aktuelle OTS-Meldungen HIER

Useletter

Die Useletter "Morning Xpresso" und "Evening Xtrakt" heben sich deutlich von den gängigen Newslettern ab. Beispiele ansehen bzw. kostenfrei anmelden. Wichtige Börse-Infos garantiert.

Newsletter abonnieren

Runplugged

Infos über neue Financial Literacy Audio Files für die Runplugged App
(kostenfrei downloaden über http://runplugged.com/spreadit)

per Newsletter erhalten



Indizes
ATX 3305 -0.99 % 3297 -0.25% 23:00:00
DAX 13184 0.46 % 13088 -0.73% 23:00:00
Dow 24585 0.33 % 24622 0.15% 23:00:01
Nikkei 22758 -0.47 % 22710 -0.21% 22:59:19
Gold 1244 0.24 % 1255 0.95% 22:59:57



Magazine aktuell

Geschäftsberichte