Vienna Insurance : J.P. Morgan European Insurance Conference

VIENNA INSURANCE GROUP

Investor Presentation

Results for the first quarter 2021

VIG - THE LEADING INSURANCE GROUP IN CENTRAL AND EASTERN EUROPE

50

group companies

More than

22 million

customers

Since

1994

continous payout of dividends

Represented in

30

markets

S&P Rating

A+

with stable outlook

Market capitalization

~ €2.8bn

(as of 31 March 2021)

More than

25,000

employees

Solvency Ratio 2020

238%

including transitionals (AT) and based on Partial Internal Model

Dividend per share of

75 Cents

for the financial year 2020

2 STRATEGY	VIG VIENNA INSURANCE GROUP

STRONG BUSINESS PROFILE AND SUCCESSFUL STRATEGY

Well diversified	Proven
portfolio over
countries and	business
lines of	model
business

▪ VIG is the leading	▪	Local
insurance group in CEE		entrepreneurship
▪ Operating in 30 markets	▪	Multi-brand policy
▪ No. 1 in many markets	▪	Multi-channel
throughout the region		distribution
▪ Providing insurance	▪	Conservative
solutions for all lines of		investment &
business to more than		reinsurance policies
22 million customers	▪	Binding compliance
		and governance
		framework

Strong balance

sheet and

prudent

accounting

• A+ Rating with a stable outlook (S&P)
• Solvency Ratio YE 2020: 238%
• Continuous payout of dividends since 1994
• Dividend policy: distribution in the range of 30 to 50% of Group net profits

VIG 25:

new strategy programme 2021-2025

• Focus on growth, financial stability and profitability, customer proximity and sustain- ability
• Responding to key trends and ensuring further dynamic development of VIG Group

Five-pillar

sustainability strategy:

Core business

Customers

Employees

Society

Environment

• Exit and reduction scenario for the coal industry
• Focused on green bond investments:
  2020: €238.2mn
• Investments in non- profit housing societies
• Senior sustainability bond of €500mn issued

M&A - based on strong footprint, VIG follows selective approach

• Early mover
• 30 years of M&A experience in Central- and Eastern Europe
• Taking advantage of the growth potential in the region
• 2020: Share purchase agreement signed to acquire Aegon's CEE business

3 STRATEGY	VIG VIENNA INSURANCE GROUP

CSR: KEY INITIATIVES AND ACCOMPLISHMENTS 2020

• Signatory of UN Global Compact
• VIG is listed in international sustainability index FTSE4Good and the Austrian VÖNIX
• Annual CSR meetings to promote best practise sharing and the exchange of individual Group initiatives

Core business

CustomersEmployees

Society

Environment

• Gradual withdrawal from investments in the coal sector
• Increased investment in
  Green Bonds 2019: €154.3mn
  2020: €238.2mn
• Support of affordable and environmentally-friendly housing:

100,000 housing units

built by non-profit housing societies

• No exposure in firms involved in controversial weapons

• Continuous development of digital products e.g. e-health services
• First purely digital insurance in Poland "Beesafe"
• Virtual data protection meetings for regular intra- group exchange
• Attractive and affordable health insurance products
• Ethical and environmentally- oriented unit-linked life insurance products
• Premium discounts in the motor insurance for environmentally-friendly mobility

• VIG is one of the world's best 750 employers
  ("Forbes" magazine)
• VIG ranked 1st place at the
  Gender-Diversity-Ranking by BCG in Austria
• VIG awarded "Financial
  Times Diversity Leader
  2021"
• Support programme to manage home office challenges during the corona crises
• Trainings focussing on digitalisation and innovation
• Digitalisation of trainings
• New diversity handbook

• Continuation of projects despite the crisis
• Support of organisations to manage the corona pandemic and its consequences (e.g. masks, contract tracing)

• Climate change strategy: Reduction of underwriting risks by 60% in the coal industry compared to 2019
• Financing of environmentally-friendly projects e.g. green building, clean transportation, renewable energy
• Reduction of traffic-related green house gases due to increased use of home office arrangements, online meetings and environmentally-friendly mobility

4 STRATEGY	VIG VIENNA INSURANCE GROUP

VIG 25: BUILDING ON THE FOUNDATIONS OF PREVIOUS YEARS

2011

STRATEGY 2011

Specifying the strategy for

sustainable growth in primary insurance

2016

AGENDA 2020

Management programme Initiatives implemented as a continuation of Strategy 2011

2021

VIG 25

Strategy programme for VIG Group jointly developed with local group companies to address changing market environment

5 STRATEGY	VIG VIENNA INSURANCE GROUP