- Vienna Insurance’s dividend per share was €1.55, which missed the estimated €1.61.
- The company reported a pretax profit of €881.8 million, higher than the estimated €871.5 million.
- Gross written premiums grew by 10% year-over-year, reaching €15.2 billion.
- Net income was reported at €645.3 million, surpassing the estimate of €639.5 million.
- The combined ratio increased to 93.4% from the previous year’s 92.6%.
- Operating return on equity improved to 16.4% compared to last year’s 15.1%.
- The company forecasts a pretax profit between €950 million and €1.00 billion, against an estimate of €928.5 million.
- Severe flooding from storm Boris led to gross claims totaling €617 million for Vienna Insurance Group.
- Analysts’ recommendations include 5 buys, 1 hold, and 1 sell.
A look at Vienna Insurance Group Ag Wien Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Vienna Insurance Group AG Wiener Versicherung Gruppe, an Austrian insurance company, shows promising long-term prospects based on its Smartkarma Smart Scores. With solid ratings in Value, Dividend, Growth, Resilience, and particularly Momentum, the company is positioned well for future growth and stability. The company’s strong foothold in property and casualty, life, healthcare, and reinsurance sectors, operating through an extensive network in Austria and Eastern Europe, further enhances its long-term outlook.
Investors looking into Vienna Insurance Group Ag Wien can find assurance in its favorable Smart Scores across key factors. With high scores in Momentum and equally strong ratings in other areas such as Value, Dividend, Growth, and Resilience, the company presents a promising investment opportunity. Being an established player in the insurance industry, particularly in Austria and Eastern Europe, Vienna Insurance Group AG Wien stands out for its potential long-term growth and stability.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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