Vienna Insurance Group operates within the Life insurance sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Vienna Insurance Group with three other
insurance companies in Europe:
ASR Nederland NV
of NETHERLANDS
(2020
sales of 7.73 billion Euros [US$9.08 billion]
of which 96%
was Non-Life),
Baloise Holding AG
of SWITZERLAND
(8.37 billion Swiss Francs [US$9.06 billion]
of which 58%
was Life), and
Helvetia Holding AG
which is
also
based in SWITZERLAND
(10.31 billion Swiss Francs [US$11.16 billion]
of which 49%
was Life).
Sales Analysis.
Sales were up sharply during the second
quarter of 2021 versus the previous year's second quarter.
During the second
quarter of 2021, sales at Vienna Insurance Group totalled
5.34 billion Euro.
This is
an increase of 115.0%
from the 2.48 billion Euro in sales at the company during the second quarter of 2020.
This was the biggest same quarter rise in sales at Vienna Insurance Group in the previous 35 quarters.
During the first two
quarters of 2021, sales totalled 8.68 billion Euro, which is
56.8% higher
than through the first two quarters of 2020.
During the year ended December of 2020, sales at
Vienna Insurance Group were 10.44 billion Euro (US$12.27 billion).
This
is
a
decrease of 3.3%
versus 2019, when the company's sales were 10.80 billion Euro.
The sales level in 2020 was fairly close to the level five years ago: in 2015, Vienna Insurance Group had sales
of 9.52 billion Euro.
Contributing to the drop in overall sales was the 30.5% decline
in Other Markets, from 332.31 million Euro to 230.88 million Euro.
There were also decreases in sales in
Czech Republic (down 1.3% to 1.30 billion Euro)
and
Slovakia (down 11.1% to 597.27 million Euro)
and
Remaining Cee (down 3.1% to 318.55 million Euro)
.
However, these declines were partially offset by the increase in sales of
Austria (up 1.5% to 3.28 billion Euro)
and
Central Functions (up 5.5% to 1.43 billion Euro)
and
Poland (up 4.5% to 926.59 million Euro)
and
Baltic States (up 2.1% to 393.32 million Euro)
and
Romania (up 8.4% to 375.93 million Euro)
and
Hungary and Other (up 4.4% to 497.24 million Euro)
.