Research (J&T BANKA)
Czech markets  |  August 21, 2012 09:30:41

VIG today published results for 2Q12 - waiting gain of about 106 million euros


Vienna Insurance Group (VIG) tomorrow (August 22) before the market opens will announce its financial results for the second quarter of this year. At the level of profit before taxation year, we expect a slight decrease of 4% to 133 million euros. Gross premiums would continue to be to maintain a relatively solid growth (exp. +6% y / y to EUR 2 243 million), costs for insurance performance should then grow approximately the same rate as net premiums earned (+3% y / y).
Adverse developments in the financial markets should be reflected in a drop in income from investments by 10% to EUR 271 million. Economic slowdown has so far seen in the development of the premium to a very limited extent, insurance companies and investment portfolio is relatively conservative, with minimal exposure to troubled countries Eurozone. The actual results would, just as in the past, should not be significant and important impetus for further direction will be rather general sentiment in the market.

million in 2Q 2012 Estimate y / y
2Q 201

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VIG dnes zveřejní výsledky za 2Q12 - čeká se zisk kolem 106 mil.EUR

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