Vienna Insurance Group 2018 Annual General Meeting (ENGLISH)
The 27th Annual General Meeting of Vienna Insurance Group AG Wiener Versicherung Gruppe was held on 25 May 2018 in the Wiener Stadthalle.
The Managing Board gave the Annual General Meeting a review of the 2017 financial year and answered shareholders’ questions. In addition, Elisabeth Stadler, CEO of Vienna Insurance Group, outlined the topics currently being addressed as part of the “Agenda 2020” strategic work programme and gave an outlook for the period to 2020. VIG aims to achieve premium income of at least EUR 10 bn and increase pre-tax profit to more than EUR 500 mn by 2020. The Group has retained its goal of a combined ratio of around 95 percent.
The Annual General Meeting approved the proposal of the Managing and Supervisory Board of the Vienna Insurance Group and resolved to increase the dividend from 80 to 90 cents per share. This corresponds to an increase of 12.5 percent and a dividend payout ratio of 38.7 percent of group profit after taxes and minority interests. VIG has therefore retained its long-standing policy of distributing dividends of at least 30 percent of net profit.
The ex-dividend date is 28 May 2018, the record date is 29 May 2018 and the dividend payment date is 30 May 2018.
The resolutions of the Annual General Meeting were passed by large majorities. Further information is available for download at www.vig.com/en/annual-general-meeting.
The video of the presentation by CEO Elisabeth Stadler at today’s Annual General Meeting will be available from around 4.00 pm on the Vienna Insurance Group website at https://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 has close to 200 years of experience in the insurance business. With more than 25,000 employees, Vienna Insurance Group is the clear market leader in its Austrian and CEE 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
Group Communications & Marketing
Schottenring 30, 1010 Vienna
Phone: +43 50 390-21029
|All press releases are available for download: https://www.vig.com|