Vienna Insurance Group

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Wiener Städtische Versicherung AG VIG
Type Public
Founded 1824
Headquarters Vienna, Austria
Industry Insurance
Revenue ▲6.9 billion EUR (2007)[1]
Net income ▲313 million EUR (2007)[1]
Total assets ▲26.8 billion EUR (2007)[1]
Employees 20,307 (2007)
Website www.wienerstaedtische.at

Wiener Städtische Versicherung AG (WBAG: VIG, PSE: AT0000908504) also known as Vienna Insurance Group (VIG) is an Austrian insurance company located in Vienna. Wiener Städtische runs insurance activities in Central European and Eastern European countries with major markets in the Austria, Czech Republic, Slovakia, Poland and Romania. It is market leader in its home country Austria (as well Romania and Bulgaria) with strong positions in property as well as in life insurance and a general market share of 24.3% (2007).

Since 1992 the company is listed at the Vienna Stock Exchange, since 2005 also in the ATX (Austrian traded index) with a market capitalisation of about EUR 5.6 bn. The major shareholder is Wiener Städtische Wechselseitige Versicherungsanstalt-Vermögensverwaltung, a foundation with a close relationship to the City of Vienna, with a 71.3% stake.

[edit] References

  1. ^ a b c Group Annual Report 2007

[edit] External links

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Coordinates: 48°13′02″N, 16°22′13″E