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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.

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General information

AuthorErste Group Research
Date2022/05/12
Languageen
Product nameCredit News
Topic in focusCredits/ Corporate bonds
Economy in focusAustria
Currency in focusEuro
Sector in focus-
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