Vienna (Reuters) – After an increase in premiums in the first nine months, the Vienna Insurance Group is confident of doing more for the year as a whole.
The premiums written rose by 11.4 percent to 10.6 billion euros, as the insurer, which operates in Eastern Europe in addition to its home market, announced on Thursday. “We also see ourselves fully on track with regard to earnings before taxes and expect earnings for 2023 at the upper end of the forecast range,” said CEO Hartwig Löger. The company has so far announced a range of 700 to 750 million euros for earnings before taxes.
The group’s solvency ratio, an indicator of financial reserves, rose to 303.8 percent at the end of the third quarter, after 282 percent at the end of the first half of the year.
(Report by Alexandra Schwarz-Goerlich, edited by Christian Rüttger. If you have any questions, please contact our editorial team at [email protected] (for politics and economics) or [email protected] (for companies and markets) .)
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