Vienna Insurance Group AG (Vienna Insurance) is a multi-line insurance company. It offers insurance products for life, health, motor third party liability, motor own damage, other property and casco. The group also offers annuity insurance, endowment insurance, unit and index linked insurance, fixed term insurance, government sponsored pension plans, term life insurance, individual health insurance and group health insurance. It offers insurance products for casualty, aircraft own-damage, guarantee, legal expenses, aircraft liability, miscellaneous financial losses, travel health and credit. It sells insurance policies through sales employees, bank partners, brokers, and agents. The group operates in Hungary, Bulgaria, Georgia, Turkey, Germany the Czech Republic, Liechtenstein, Albania, Bosnia-Herzegovina, Croatia, Austria, Slovakia, Poland, Latvia, North Macedonia, Moldova, Serbia, Ukraine, and Romania. Vienna Insurance is headquartered in Vienna, Austria.
Headquarters
Austria
Address
Schottenring 30, Wien, 1010
Website
www.vig.com
Telephone
43 50 39022000
No of Employees
25,880
Industry
Financial Services
Ticker Symbol & Exchange
VIG (WBAG)
Revenue (2022)
$12.6B
3.6%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
62.3%
(2022 vs 2021)
Market Cap*
$3.5B
Net Profit Margin (2022)
XYZ
56.2%
(2022 vs 2021)
* As of and is in US$
Vienna Insurance Group AG premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Life Insurance: | Collection of Premium |
| Endowment Insurance | Claims Settlement |
| Unit- and Index-Linked Insurance | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2022 | Stock Listings/IPO | In November, the company applied for listing of its shares on the Budapest Stock Exchange. |
| 2022 | Contracts/Agreements | In April, the group entered into a partnership with GROPYUS to support it with assistance services, insurance, and financing. |
| 2022 | Acquisitions/Mergers/Takeovers | In March, the group acquired the insurance business from Aegon in Hungary. |
Competitor Comparison
| Key Parameters | Vienna Insurance Group AG | Allianz SE | Assicurazioni Generali SpA | UNIQA Insurance Group AG | Grazer Wechselseitige Versicherung AG |
|---|---|---|---|---|---|
| Headquarters | Austria | Germany | Italy | Austria | Austria |
| City | Wien | Muenchen | Trieste | Wien | Graz |
| State/Province | - | - | - | - | Steiermark |
| No. of Employees | 25,880 | 155,411 | 76,985 | 14,273 | 1,600 |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Elisabeth Stadler | Chief Executive Officer | Senior Management | 2016 | 61 |
| Gerhard Lahner | Chief Operating Officer | Senior Management | 2020 | 45 |
| Peter Thirring | Chief Technology Officer | Senior Management | 2018 | 65 |
| Gabor Lehel | Chief Innovation Officer | Senior Management | 2020 | 45 |
| Liane Hirner | Chief Financial and Risk Officer | Senior Management | 2018 | 54 |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
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