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Vienna Insurance Group Annual General Meeting 2015 (English)

Resolution to increase dividend to EUR 1.40 per share

The 24th Annual General Meeting of Vienna Insurance Group AG Wiener Versicherung Gruppe was held on 29 May 2015 at the Austria Center Vienna. Vienna Insurance Group looks back on a successful year 2014, with profit (before taxes) up by 46 percent to EUR 518.4 million and Premium volume stable at EUR 9.1 billion. This underlines the long-term profitability of the leading insurance group in Austria and the CEE region. An A+ rating with a stable outlook from rating agency Standard & Poor’s also confirms Vienna Insurance Group’s financial strength.

 

The Annual General Meeting today approved the proposal of the Managing and Supervisory Boards to raise the dividend by 10 cents and to distribute EUR 1.40 per share. Vienna Insurance Group has therefore retained its long-standing dividend policy of distributing at least 30 percent of consolidated profit after taxes and non-controlling interests. The ex-dividend date is 3 June 2015 and the dividend payment date is 8 June 2015.

 

The resolutions of the Annual General Meeting were passed by large majorities. Further information is available for download at http://www.vig.com/en/annual-general-meeting

 

The video of the presentation by CEO Peter Hagen at today’s Annual General Meeting will be available from about 4.00 p.m. on the Vienna Insurance Group’s website at http://www.vig.com/en/annual-general-meeting

 

Vienna Insurance Group (VIG) is the leading insurance specialist in Austria as well as in Central and Eastern Europe. About 50 companies in 25 countries form a Group with a long-standing tradition, strong brands and close customer relations. VIG looks back on 190 years of experience in the insurance business. With about 23,000 employees, Vienna Insurance Group is the clear market leader in its core markets. It is therefore excellently positioned to take advantage of the long-term growth opportunities in a region with 180 million people. The listed Vienna Insurance Group is the best-rated company of ATX, the leading index of Vienna Stock Exchange; its share is also listed on the Prague Stock Exchange.

 

If you have any questions, please contact:

 

VIENNA INSURANCE GROUP

 

Public Relations                Alexander Jedlicka +43 50 390-21029, alexander.jedlicka@vig.com  

Schottenring 30                Silvia Polan +43 50 390-21064, silvia.polan@vig.com

1010 Vienna                     Julia Thaller +43 50 390-26814, julia.thaller@vig.com

 

All press releases are available for download: www.vig.com

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