Dividend Approved at Vienna Insurance Group

The latest financial update from Vienna Insurance Group;

The 33rd Annual General Meeting of VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe (VIG) was held on 24 May 2024 in the Wiener Stadthalle arena.

Dividend approved

A dividend of EUR 1.40 per share proposed by the Vienna Insurance Group Managing Board and Supervisory Board was approved during the Annual General Meeting. The dividend yield is 5.3%. The dividend policy specifies the previous year’s dividend as the minimum dividend and sets out a continuous increase in the dividend depending on the development of the operating result. 27 May 2024 is the ex-dividend day, 28 May 2024 the record date and 29 May 2024 the dividend payment day.

Positive review and outlook

Hartwig Löger, Chairman of the Managing Board, presented the Group’s successful expansion from first mover to clear number one in the CEE region, along with the key figures of the successful 2023 financial year. The positive result comes from all segments and divisions – a development for which the “VIG 25” strategic programme forms the basis. The outlook for the 2024 financial year is also very positive, with the Group aiming to achieve profit before taxes within a range of EUR 825 million and EUR 875 million. A recording of Hartwig Löger’s presentation will be available at group.vig/en/investorrelations/events/annual-general-meeting. The Managing Board then answered questions from the shareholders.

Four new members of the Supervisory Board

Due to the members’ terms of office expiring, elections to the Supervisory Board of VIG took place. Rudolf Ertl, Martina Dobringer, András Kozma, Robert Lasshofer, Peter Mihók, Katarina Slezáková and Gertrude Tumpel-Gugerell were re-elected. Vratislav Kulhánek, Hana Machačová, Martin Simhandl and Ágnes Svoób were elected as new members of the Supervisory Board. Peter Thirring was already elected to the Supervisory Board at last year’s Annual General Meeting. The Supervisory Board will therefore continue to consist of 12 members. The terms of office of all Supervisory Board members will run until the Annual General Meeting in 2028.