Vienna Insurance Group

Vienna Insurance Group AG Wiener Versicherung Gruppe
Type Aktiengesellschaft
Traded as WBAGVIG, PSE: VIG
Industry Financial services
Founded 1824
Headquarters Vienna, Austria
Key people Günter Geyer (CEO), Wolfgang Ruttenstorfer (Chairman of the supervisory board)
Products Life and non-life insurance
Profit €379.8 million (2010)[1]
Total assets €39.47 billion (end 2010)[1]
Total equity €5.030 billion (end 2010)[1]
Employees 25,010 (average, 2010)[1]
Website www.vig.com

Vienna Insurance Group AG Wiener Versicherung Gruppe (VIG) with its registered office in Vienna, Austria, is one of the largest international insurance groups in Central and Eastern Europe with approximately 25,000 employees and a premium volume of around EUR 8.6 billion.

Contents

Management

Structure

With its internationalisation strategy in the CEE economic region, Vienna Insurance Group made the transition from a national insurance company to an international insurance group with more than 50 insurance companies in 24 countries. In total, about 50% of all group premiums already come from the Central and Eastern European markets.

Vienna Insurance Group is active in Albania, Bulgaria, Germany, Estonia, Georgia, Croatia, Latvia, Liechtenstein, Lithuania, Macedonia, Montenegro, Poland, Romania, Russia, Serbia, Slovakia, Czech Republic, Turkey, Hungary, Ukraine and Belarus through interests it holds in insurance companies. The Group also has branch offices in Italy and Slovenia.

Listing

Since 1992 the company is listed on the Vienna Stock Exchange, and since 2005 it has been a member of the Austrian Traded Index. The major shareholder is Wiener Städtische Wechselseitige Versicherungsanstalt-Vermögensverwaltung, with a stake of about 70%.

References

External links