2024 to be a positive financial year for Vienna Insurance Group
Following a successful 2023 financial year, the Vienna Insurance Group (VIG) predicts 2024 will also be a very positive year, with the Group aiming to achieve profit before taxes of up to €875 million.
Hartwig Löger, Chairman of the Managing Board, spoke about this positive outlook during the Group’s Annual General Meeting 2024.
He spoke about VIG’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.
According to the Chairman, this positive result came from all segments and divisions – a development for which the “VIG 25” strategic programme forms the basis.
He stated that the outlook for the 2024 financial year is also very positive, with the insurer aiming to achieve profit before taxes within a range of €825 million and €875 million.
During its Annual General Meeting, the Group’s Board of Directors and Supervisory Board also proposed a dividend of €1.40 per and was approved
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 will be the ex-dividend day, with 28 May 2024 becoming the record date and 29 May 2024 the dividend payment day.
Additionally, the Supervisory Board has welcomed four new members, including Vratislav Kulhánek, Hana Machačová, Martin Simhandl and Ágnes Svoób.
The terms of office of all 12 Supervisory Board members will run until the Annual General Meeting in 2028.
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