Research Detail
| 2022/05/12 / Erste Group Research |
Vienna Insurance Group Through the acquisition of the Aegon subsidiary in Hungary (closing: March 2022), VIG will become the Hungarian market leader with a market share of approx. 19% (previously ranked 6th). VIG’s solvency ratio ("Solvency II") was 250% as of 12/31/2021, applying Solvency II transitional provisions ("Transitionals") (2020: 238%; excl. "Transitionals" 2021: 215%, 2020: 195%). Excluding "Transitionals", it is approximately at the level of the peer median. VIG is aiming for Solvency II ratios (excluding transitionals) in the range of 150%-200%. S&P last confirmed the "A+" rating on 12/22/2021 (outlook: stable) and, among other things again emphasized the strong capitalization. |
 Download PDF (362kB)
|
General information
| Author | Erste Group Research |
| Date | 2022/05/12 |
| Language |  |
| Product name | Credit News |
| Topic in focus | Credits/ Corporate bonds |
| Economy in focus | Austria |
| Currency in focus | Euro |
| Sector in focus | - |
| Download |