Generali Holding Vienna AG
Generali Holding Vienna english
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Generali Vienna Group: Growth nearly doubled
The Generali Vienna Group’s insurance companies were able to increase pre-mium
income by more than ATS 1.5 billion / EUR 111.9 million in the first half of
2001. This represents a growth rate of 9%, almost twice the comparable figure
from the previous year. Consolidated premium income totalled ATS 18.6 billion /
EUR 1.4 billion.
Payments from Group companies to customers increased even more markedly than did
premiums: Claims rose 16.3% to ATS 13.3 billion / EUR 966.1 million for the
accounting year. This dramatic increase, however, can be attributed exclusively
to payments on maturing life-insurance policies. In the non-life segments,
payments to customers totalled ATS 7.6 billion/EUR 551.5 million, an increase of
only 1.2% compared to the same period in 2000.
In the first half of 2001, the Group’s consolidated capital investments rose to
ATS 111.7 billion/EUR 8.1 billion, an increase of ATS 2.8 billion/EUR 205.6 mil-
lion, or 2.6% more than at the end of 2000. Our investment portfolio was sub-
jected to significant restructuring: Investment in “Equities and other non-
fixed-income securities” was increased by ATS 3.0 billion/EUR 221 million, now
to-talling ATS 22 billion/EUR 1.6 billion; this change can mainly be attributed
to continued investment in the Group’s own special funds.
Group head Dietrich Karner foresees overall premium growth of 6.7% to ATS 34.1
billion/EUR 2.5 billion in 2001. For the business year 2001, the Group expects
to achieve overall results which will enable it to continue its allocation of
equity funds and to distribute the same dividend and bonus to its shareholders
as in 2000 (EUR 1.82 per share), despite considerable increases in taxation due
to new legislation in Austria (Budgetbegleitgesetz 2000, a supplementary finance
act).
More: http://www.generali-holding.at
end of ad-hoc-announcement (c)DGAP 31.08.2001
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WKN: 066135; Index: ATX
Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Frankfurt, Hamburg,
München und Stuttgart
310758 Aug 01
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