Vienna Insurance Group (VIG, Austria) in January-March 2021 increased collection of premiums by 1.6%, to EUR3.11 billion, according to the information of the group, posted on the website of Ukrainian Insurance Group, whose main shareholder is VIG.
According to the results of the first quarter, the group’s pretax profit amounted to EUR128 million, which is 5% lower than in the previous year. Net profit increased by 15%, to EUR99 million.
The combined ratio of the group was 95.2%, which is almost in line with the indicator for the same period a year earlier. The financial result amounted to EUR175.8 million, which is 29% more than in the first quarter of 2020. As of March 31, 2021, the group’s investments, including cash and cash equivalents, amounted to EUR37.1 billion.
Vienna Insurance Group (VIG) is a leading insurer in Austria, Central and Eastern Europe. The group includes about 50 companies in 25 countries of the world.
In Ukraine, VIG is represented by the following insurance companies: Ukrainian Insurance Group, Kniazha VIG, Kniazha Life VIG.
