kontinuita - Komunálna Poisťovňa

VIENNA INSURANCE
GROUP
premiums for the Group as a whole during the period
of 2004–2007 is here even surpassed by pre-tax profit,
which grew an average of 41.0 per cent per year over
the same period. The Vienna Insurance Group is profiting
from its early involvement in the CEE region which
– above and beyond the corresponding growth in premiums
– is already making a solid contribution to
profit. In particular, premiums written in the CEE region
increased on average by 36.0 per cent per year
during the time period 2004–2007, while the average
annual growth in profit before taxes was 41.3 per cent
over the same period.
The Vienna Insurance Group believes that it can
achieve both the planned consolidation of its leading
position in Austria and further development of its market
position in Central and Eastern Europe in spite of
the current deterioration of the economic environment.
The business model, broadly diversified by country,
distribution channel and product, is continuously influenced
and shaped by the experience and solid market
knowledge of the Vienna Insurance Group. The
Vienna Insurance Group has the knowledge needed to
selectively take advantage of opportunities available in
the insurance business. This will enable further growth
to be achieved both in premiums and, combined with
the conservative investment strategy followed by the
Vienna Insurance Group, the earnings of the Group.
Employees stand for success
Particular thanks are naturally due to all employees of
the Vienna Insurance Group for their tireless service to
our customers and business partners at all locations.
The motivation and commitment provided by all of our
colleagues in Group companies has made the Vienna
Insurance Group a successful enterprise and will continue
to strengthen us in the future.
Further information on the Vienna Insurance Group is
available at www.vig.com or in the Vienna Insurance
Group Annual Report.
KONTINUITA ANNUAL REPORT 37