According to the statement published on the insurer website, the Covid-19 pandemic did not yet substantially burden the results of the first quarter. More than that, the first three months of 2020 "indicate a positive premium and stable results development compared to the same period in the previous year".
VIG representatives pointed out "the expected impacts of the Covid-19 crisis for the full year cannot be assessed at the moment. In particular, new business is assumed to decline. At the same time, negative impacts from impairments, especially on the financial result in subsequent quarters, cannot be excluded".