VIG expects year-end profits in the range of EUR 300 - 350 million

23 November 2020 — Andrei Victor
Austrian insurer VIG announced in a statement that it expects gross profit for the full year 2020 to be in a range of EUR 300 - 350 million, subject to unpredictable volatilities on capital markets.

At the same time, for the 1st to 3rd quarter of 2020 the financial result was around EUR 114 million lower than in the 1st to 3rd quarter of 2019, as the company mentioned:

"This was driven by the negative performance of the capital markets in the reporting period. The decline has a direct impact on the result before taxes, which amounted to EUR 266 million in the 1st to 3rd quarter of 2020 (minus 29% compared to the same period last year)."


VIG representatives pointed out that the detailed financial resulst for the 1st to 3rd quarter of 2020 will be published on November 26, 2020.

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