vienna insurance group ag (VIG:Vienna)
vienna insurance group ag (VIG) Snapshot
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Open
€40.80
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Previous Close
€40.45
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Day High
€41.13
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Day Low
€40.61
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52 Week High
05/10/13 - €41.40
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52 Week Low
06/4/12 - €27.23
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Market Cap
5.2B
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Average Volume 10 Days
47.4K
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EPS TTM
€10.18
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Shares Outstanding
128.0M
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EX-Date
05/13/13
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P/E TM
4.0x
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Dividend
€1.20
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Dividend Yield
2.93%
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Related News
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Vienna Insurance Group AG, through its subsidiaries, operates as an insurance company in Austria, and central and eastern Europe. It provides property/casualty, life, and health insurance products. The company distributes its products through automobile dealers, brokers, and agents. The company, formerly known as Wiener Städtische Allgemeine Versicherung Aktiengesellschaft, was founded in 1824 and is based in Vienna, Austria. Vienna Insurance Group AG operates as a subsidiary of Wiener Städtische Versicherungsverein AG.
vienna insurance group ag (VIG) Top Compensated Officers
vienna insurance group ag (VIG) Key Developments
Vienna Insurance Group announced consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the year, the company reported gross premiums written of EUR 9,685.7 million against EUR 8,883.7 million for the same period last year, this corresponds to an increase of 9.0%. The significant growth of 17.2% in life insurance was driven by the strong demand particularly for single-premium products in Poland. The 2.1% increase in property/casualty insurance as well as the growth in health insurance premiums (8.7%) supported the overall positive trend of group premiums. profit before taxes increased by 5.1% amounting to EUR 587.4 million against EUR 559.0 million for the same period last year. Profit for the period was EUR 467.3 million against EUR 441.9 million for the same period last year. For the quarter, the company reported gross premiums written of EUR 2,260.2 million against EUR 2,081.5 million for the same period last year. Profit before taxes was EUR 144.2 million against EUR 144.9 million for the same period last year. Profit for the period was EUR 116.9 million against EUR 105.5 million for the same period last year. Based on these convincing data for the financial year 2012, an increase of the dividend to EUR 1.20 per share will be proposed to the Annual General Meeting.
Vienna Insurance Group (VIG) is looking for acquisition opportunities. Chief Executive Officer, Peter Hagen said that the company is eyeing various companies, for instance in Hungary or in Poland.
Vienna Insurance Group announced unaudited consolidated earnings results for the third quarter and nine months period ended September 30, 2012. For the quarter, the company reported net earned premiums were EUR 2,088,075,000 against EUR 2,006,464,000 a year ago. Profit before taxes was EUR 141,513,000 against EUR 131,930,000 a year ago. Profit for the period thereof attributable to shareholders of Vienna Insurance Group was EUR 110,062,000 or EUR 2.75 per diluted share against EUR 98,201,000 or EUR 2.75 per diluted share a year ago. For the nine months period, the company reported net earned premiums Retention was EUR 6,744,490,000 against EUR 6,076,969,000 a year ago. Profit before taxes was EUR 443,207,000 against EUR 414,099,000 a year ago. Profit for the period thereof attributable to shareholders of Vienna Insurance Group was EUR 341,365,000 or EUR 3.24 per diluted share against EUR 313,287,000 or EUR 2.95 per diluted share a year ago. Cash flow from operating activities was EUR 1,649,744,000 against EUR 1,397,855,000 a year ago. Payments for the acquisition of land and buildings were EUR 108,426,000 against EUR 149,417,000 a year ago.
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Industry Analysis
VIG
Industry Average
| Valuation | VIG | Industry Range |
| Price/Earnings | 12.3x |
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| Price/Sales | 0.5x |
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| Price/Book | 0.9x |
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| Price/Cash Flow | 11.2x |
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| TEV/Sales | 0.2x |
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To contact VIENNA INSURANCE GROUP AG, please visit www.vig.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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