Vienna Insurance Group doubles profits in 2016

austria

This meets targets set in August last year when the group released its H1 2016 results and represents a 136% increase on its 2015 pre-tax profit of €172m.  The group's solvency ratio stands at 195%, with a combined operating ratio of 97.3%, the same level as the previous year. The group’s dividend increased by 33% to €0.80 per share. The group's embedded value after taxes as of 31 December 2016 was increased to €6bn. “This reflects the sustainability of Vienna Insurance Group's insurance bu